Day: September 23, 2022

First Half Results of PGAS

State gas distributor Perusahan Gas Negara (PGAS) booked profit attributable to owners of US$238.56 million in the first half (H2) of 2022, grew 21.4% year on year (y/y), as revenues rose 19% y/y to US$1.74 billion. Operating...

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Rates Hike

As expected, central bank (Bank Indonesia/BI) decided on Thursday (September 22) to raise its policy rate by 50 bps to 4.25%, the second consecutive rate increase this year, as policymakers try to lower inflation expectations...

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