Shares of Steel Pipe Industry Indonesia (ISSP), popular as Spindo, ended slightly higher at Rp306 on Friday (Aug 30) to make a market capitalisation of Rp2.2 trillion, not even half of the company’s equity as at June 30, 2024 (Rp4.72 trillion).
Read MoreThe Chief of the National Police (Kapolri) General Listyo Sigit Prabowo instituted another job rotation, in which the General once again promoted his former classmate at the Police Academy’s (Akpol) 1991 class as the new provincial police chief (Kapolda) in Papua. With the appointment, General Sigit’s former classmates are now dominating the provincial police chief positions across the country.
Read MoreSeamless pipe manufacturer PT Artas Energi Petrogas and PT Inerco Global International, owned by Hendrik Kawilarang Luntungan, signed the cooperation agreement worth Rp5 trillion for funding the factory’s operation. The factory will be the first seamless pipeline factory in Southeast Asia, located at Krakatau Steel Industry complex in Cilegon, Banten province.
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