Composite index of Indonesia Stock Exchange (IHSG) opened substantially lower by 3.71% in the afternoon trading session Monday (Aug 5) to track peers in the region on intensified concern about US economic slowdown. All Ordinaries closed 3.8% lower in Sydney, Australia, while Nikkei 225 fell 12.4% in Tokyo.
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Everybody enters nickel. Some of those implicated in the case of Abdul Gani Kasuba (AGK), then governor of North Maluku (the second largest nickel producing province), told the court that Bobby Nasution (Mayor of Medan) and his wife Kahiyang (daughter of outgoing president Jokowi) have interests in one nickel mine codenamed “Medan Block” in the province.
Read MoreShares of Surya Citra Media (SCMA) and Media Nusantara Citra (MNCN), which control more than 70% of the conventional TV media business, opened lower by 5.1% and 1.32% respectively this morning despite improvement in their bottomline in the first half of 2024.
Read MoreArthaloka was among the first high-rise properties in the famous Sudirman Street, Jakarta. Many years ago, Rudy Pamaputera as CEO of PT Mahkota Real Estate wrote a letter to President Joko ‘Jokowi’ Widodo regarding dispute over the land where Arthaloka was located.
Read MoreYoung population and growing senior citizens continue to support growth of diapers in the country. Competition in the industry has intensified, but Uni-Charm (Japanese-controlled player) recorded a decent Rp435 billion of net profit last year, jumped from Rp313 billion in 2022.
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