Provident Investasi Bersama (PALM) ended lower by 2.33% to Rp630 on Wednesday (Jan 3) to make a market capitalization of Rp4.63 trillion. The stock entered the market through initial public offering (IPO) more than 11 years ago as an agriculture company, but has since divested all plantation assets and changed its business as an investment company.
Read MoreTwo more pollsters released the results of their respective electability survey at the same time on Tuesday (Jan. 2). The two pollsters are the Indonesia Political Expert (IPE) and the Ide Cipta Research and Consulting (ICRC). Coincidentally, it appears that both pollsters are favoring Ganjar Pranowo and his running mate, Mahfud MD. Let’s talk a bit about these two pollsters.
Read MoreEconomist turned opposition leader Rizal Ramli has on Tuesday (Jan 2) passed away in Jakarta from a pancreatic cancer. Long-time commissioner in Lippo Group’s companies, Ramli, who was briefly minister of finance during last months of then president Abdurrahman Wahid (Gus Dur)’s administration, passed away at 69 years old.
Read MoreRecently, the Chief of the National Police (Kapolri) General Listyo Sigit Prabowo instituted another round of job rotation. In this rotation, General Sigit appointed one more classmate of him at the Police Academy’s (Akpol) 1991 as a new provincial police chief.
Read MoreInvestment in stock market grew positively in 2023 with the composite index of the Indonesia Stock Exchange (IDX) gaining 6.16% to 7,272.79, while overall market was volatile. The market capitalization made its record high, at Rp11,762 trillion per December 28, 2023, whilst helped by inflated new equities like Barito Renewables (BREN), Jaya Kreasi (CUAN), and Amman Minerals (AMMN).
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