Oil and gas firm owned by Bakrie Group, Energi Mega Persada (ENRG), has opened up about its acquisition and merger plans which will take place in 2024. In line with this, ENRG is also preparing capital expenditure (capex) of US$150 million or around Rp2.32 trillion.
Read MoreIndonesia Stock Exchange (IDX) welcomed more nickel players despite recent substantial correction of nickel prices. Nickel miner Adhi Kartiko Pratama (NICE) has just kicked off its initial public offering (IPO) for 1.2 billion shares, representing 20% of its total issued and paid-up capital, priced at range of Rp430 to Rp530 per unit, to raise maximum proceeds of Rp644.7 billion.
Read MoreIndonesia’s export declined 11.83% year-on-year to US$236.4 billion in the first eleven months of 2023, mainly due to substantial correction (-12.47%) in non-oil and gas products. Thermal coal and palm oil suffered 21.2% and 18.7% decline respectively in the period to reflect correction of the commodities.
Read MoreThe Anti-Money Laundering Agency PPATK reported to the General Election Commission (KPU) and the Election Supervisory Council (Bawaslu) about suspicious financial transactions in regard to 2024 elections. Will the said PPATK’s report affect and moreover, change the course of the elections?
Read MoreOver the years, PT Humpuss Intermoda Transportasi Tbk (HITS) (Humpuss), controlled by Tommy Soeharto (son of the late president Soeharto), has never been without problems. Back in August 2023, a new problem for the Company and its subsidiaries came out to the public. At the heart of the problem is the cooperation with a leading shipping company from Norway, Parbulk II AS (Parbulk), which went wrong. Recently, we learned that Humpuss won the case.
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