Day: October 2, 2024

On Corruption in INKA

The East Java High Prosecutors’ Office (Kejati Jatim) has just named the former President Director of PT INKA, Budi Noviantara, as a suspect in a case of alleged corruption. Budi is suspected of being involved in the...

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Adaro’s thermal coal spin-off (1)

Shares of Adaro Energy (ADRO) have gained 11.4% in the past three weeks or so since the company announced a plan to spin-off the thermal coal business, offering the shares to its existing shareholders. It is the first such kind on the Indonesia Stock Exchange (IDX), which might be followed by other players seeking ways to transform themselves into ‘green companies’. 

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Google at al pick neighbours instead

Google has reportedly decided to build US$1 billion data centre in Thailand. In late August 2024, global media outlets reported that the tech giant also considered Ho Chi Minh City in Vietnam as potential location for a hyper scale data centre. 

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What’s next for Adilmart?

CCK Consolidated Holdings Bhd is divesting 40% stake in its Indonesian subsidiary PT Adilmart to Creador with RM163.1 million of investment. This is slightly lower than the initial investment proposed by Creador of RM170.3 million, when the deal was announced back in May.

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