Shares of cigarette producers HM Sampoerna (HMSP) and Gudang Garam (GGRM), two of the country’s largest players, ended higher by 6.15% and 1.92% respectively on Thursday (Nov 2) as investors responded positively their respective financial performance in the first nine months of 2023.
Read MorePT Cemindo Gemilang Tbk (CMNT), cement manufacturer famous with its Merah Putih brand, is currently valued substantially higher than bigger and more established players like Semen Indonesia (SMGR) and Indocement Tunggal Prakarsa (INTP).
Read MoreShares of flag carrier Garuda Indonesia (GIAA) ended substantially lower by 4.4% on Wednesday (Nov 2) as investors see improvements in third quarter not enough to cheer them. Garuda recorded a net profit of US$4.1 million in the third quarter against loss of US$76 million in the first half of the year.
Read MoreThe Commander of the Army’s Elite Force Kostrad (Pangkostrad) Lt. Gen. Maruli Simanjuntak, who is the son-in-law of General (ret) Luhut Binsar Pandjaitan, recently met with the State Secretary Minister Pratikno. Maruli gave an update on Luhut’s condition to Pratikno, but considering the timing of the meeting perhaps they also discussed something else, such as the Army Chief (KSAD) position.
Read MoreIt has been over two years since allegations of crimes related to gold imports surfaced to the public, allegations that were “colored” by denials from related parties, and we have finally seen how these allegations are, in a way, true. This week, the Money Laundering Task Force (Satgas TPPU) announced that it had found initial evidence and mentioned the initials of the party suspected of being responsible, initials that made the public believe that all the series of events so far were connected.
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