Shares of market leader Siloam Hospital (SILO) ended higher by 3.33% to Rp2,790 on Monday (Jul 1) as Singapore-based Sight Investment, controlled by CVC Capital Partners, launched a voluntary tender offer on up to 45% shares. Sight had previously purchased 10.4% shares of Siloam at Rp2,850 per share.
Read MoreA potential coalition between PDIP and PKB in the 2024 simultaneous regional elections is truly worth monitoring. After a deadlock in East Java, it seems like both parties continue to talk intensively about the regional elections in the other major provinces, including Jakarta.
Read MorePolitically-connected coal miner Adaro Energy Indonesia (ADRO) said its subsidiary PT Alam Tri Abadi (ATA) and PT Indoprima Niaga Sejahtera (INS), a 65% indirectly owned entity, have signed a loan agreement under which ATA granted to INS a loan amounting to Rp136.17 billion.
Read MorePretty much like peers, nickel producer Vale Indonesia (INCO) suffered squeezed margins in the first quarter due to substantial correction of international prices. The company only booked net profit of US$6.2 million in the first quarter (Q1) of 2024, compared to US$168.7 million in the corresponding period of 2023, as operating profit dropped 86.8% year on year (y/y) and revenue fell 37% y/y to US$230 million.
Read MorePresident-elect Prabowo Subianto, who is also the chairman of Gerindra Party and the Minister of Defense, has on Sunday (Jun. 30) posted some pictures on his personal Instagram account, in which he shared his health situation after he underwent a major surgery on his left leg. Prabowo said that the surgery went well and he is fine and ready to return to his activities.
Read More