Shares of flag carrier Garuda Indonesia (GIAA) ended slightly higher by 1.2% on Monday (Dec 4) as investors responded positively the airline’s plans to repay portion of its notes and sukuk through a tender offer scheme.
Read MoreShares of Bakrie & Brothers (BNBR) ended flat at Rp51 on Monday (Dec 4) despite series of announcements issued by the company related to debt restructuring. One of them is Bakrie’s placement of shares worth Rp6.36 trillion. The Company had obtained shareholder approval to carry out said private placement through the issuance of mandatory convertible bonds and/or series E ordinary shares since 2018.
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The polemic continues surrounding the statement from Agus Rahardjo, former chief of the Corruption Eradication Commission (KPK), regarding President Joko “Jokowi” Widodo. In addition to Agus, former Minister of Energy & Mineral Resources (ESDM) Sudirman Said, who is now the vice campaign manager of Anies Baswedan in the 2024 presidential race, chimed in with his statement against the President.
Read MoreThe S&P Global Indonesia Manufacturing PMI edged up to 51.7 in November 2023 from October’s 8-month low. It was the 27th straight month of increase in factory activity, as output rose the most since August and...
Read MoreIndonesia’s annual inflation rate increased to 2.86% in November 2023 from 2.56% in the prior month, beating market forecasts of a 2.7% rise, remaining within the central bank’s target of 2-4% for a 7th consecutive...
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