Shares of property developer Summarecon Agung (SMRA) were last traded at Rp690 to make a market capitalisation of Rp11.4 trillion, only one-fifteenth of Pantai Indah Kapuk Dua (PIK-2/PANI). Summarecon has just published its first half 2024 financial results, which pointed to strong performance.
Read MoreAnother interesting news regarding Prabowo-Gibran’s cabinet came from Muhammadiyah, the second largest Islamic organization in Indonesia. Muhammadiyah claimed that they will likely get one minister and two vice minister positions in the next cabinet.
Read MoreShares of oil and gas company Rukun Raharja (RAJA), a company controlled by Hapsoro (Happy)—-husband of Puan Maharani (speaker of the House of Representatives/DPR, politician from PDIP), ended slightly lower by 0.8% to Rp1,270 on Monday (Sep 23) just when the company announced strong financial performance in the first half.
Read MoreThe Minister of Home Affairs, the Minister of Foreign Affairs, and the Minister of Defense are known as the triumvirate in the cabinet. Three trusted and closest aides to President-elect Prabowo Subianto have been tipped for becoming the triumvirate in the next administration. Who are they?
Read MoreShares of PT Amman Mineral International Tbk (AMMN), the second largest gold and copper mine in Indonesia behind Freeport, ended at Rp10,175, slipped by 1.45% on Monday (Sept 23) when President Joko ‘Jokowi’ Widodo inaugurated Amman Mineral copper smelter in West Nusa Tenggara province yesterday.
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