Shares of coal mining contractor PT Delta Dunia Makmur (DOID) Tbk ended substantially lower by 8.3% to Rp550 on Thursday (Dec 19) as some investors responded negatively the company’s financial results for the first nine months of 2024, where it posted net loss of nearly US$14 million against profit of US$21.7 million in the corresponding period last year.

Vietnamese electric taxi operator Xanh SM, through its Indonesia’s unit PT Xanh SM Green and Smart Mobility, has officially launched its electric taxi service in Indonesia. Indonesia is the third Southeast Asian country to welcome Xanh SM, following Vietnam and Laos.

Nickel, one of the key export commodities of Indonesia, lost ground by around 3% to US$15,070 per ton on the London Metal Exchange (LME) Thursday (Dec 19), the lowest in more than four years, among others due to a stronger US dollar, softening demand, and higher production in Indonesia. 

Renewable energy provider company, PT Hero Global Investment (HGII) is seeking to raise as much as Rp299 billion from the initial public offering (IPO). The Company will offer a 20% stake or 1.3 billion shares at Rp200 to Rp230 per share, according to its prospectus....

All Ordinaries opened lower by 0.6% this morning to tracking Wall Street, where the Dow Jones Industrial Average (DJIA) lost 2.6% on Wednesday (Dec 18) following the Fed’s statement about lesser rate cuts next year. Unlike Indonesian central bank, which decided to...

Shares of Merdeka Battery Materials (MBMA), one of the largest nickel producers in the country, ended lower by 1.64% to Rp480 on Wednesday (Dec 18), moving farther away from the ‘price target’ set by a consensus of analysts (averaged at Rp765) as some negatively...

PT Multistrada Arah Sarana Tbk (MASA), tire manufacturer controlled by Compagnie Generale des Etablissements Michelin, booked net profit of US$30.1 million in the first nine months of 2024, crashed by 57% from the same period last year due to the surge in charges from Michelin. 

Shares of pharmaceutical firm Soho Global Health (SOHO) ended higher by 3.1% on Tuesday (Dec 17) to make a market capitalisation of Rp8.5 trillion. SOHO is now valued higher than bigger pharmaceutical player Kalbe Farma (KLBF) and Tempo Scan Pacific (TSPC). 

The Corruption Eradication Commission (KPK) has searched the office of Bank Indonesia governor on Monday night (Dec 16) and planned to do the same on the office of the Financial Services Authority (OJK) as part of an investigation into corruption of CSR funds at both financial regulators. 

Government agencies are scrambling ways to ‘save the face’ of the President on the three million homes per annum program. Amidst lack of reliable data about who needs what, where, when, and how much, those involved in the program, including Public Housing Task Force led by Prabowo’s brother Hashim Djojohadikusumo, keep going out with confusing statements.