Shares of Bayan Resources (BYAN) advanced 1.8% to Rp66,500 on Tuesday (Sep 13) to make a market capitalization of Rp221.7 trillion or nearly US$15 billion, 8.2x equity. Investors responded positively BYAN’s strong performance in the second quarter to make US$970.8 million of net profit for the first half of 2022 against US$337 million in the corresponding period last year.
Read MoreThe Muhammadiyah, the second largest Islamic organization in Indonesia, will elect its new chairman in Muktamar (chairmanship congress) on Nov. 18-20 in Surakarta (Central Java), the home town of President Joko “Jokowi” Widodo. The President is scheduled to open the Muktamar. This event is interesting to watch in light of the 2024 race given the Muhammadiyah’s role in Indonesian politics.
Read MoreThe Chairman of the National Mandate Party (PAN) Zulkifli Hasan, who is also the Minister of Trade, paid a visit to the officer of the Central Java Governor Ganjar Pranowo. The meeting is worth highlighting not only because of the Muhammadiyah’s upcoming Muktamar (chairmanship congress), but also in light of 2024 race.
Read MoreShares of gold and copper producer Merdeka Copper Gold (MDKA) jumped 6% to Rp4,180 on Monday (Sep 12) to make a market capitalization of Rp100.8 trillion or US$6.7 billion, more than twice of state miner Aneka Tambang/ANTM (Rp47.6 trillion), as responded positively the company’s performance in the first half.
Read MoreIn mid-August 2022, a senator from Gorontalo, Fadel Muhammad, was removed from his position as deputy chairman of the People’s Consultative Assembly (MPR) from elements of the Regional Representatives Council (DPD). The...
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