#Finance
Jokowi approves US$6 billion capital injection for WIKA
President Joko “Jokowi” Widodo has approved the additional state capital injection (PMN) to PT Wijaya Karya (WIKA) amounting to Rp6 trillion (US$419 million).
Freeport pours sevent percent of 2023 profit to Papua regional administrations
PT Freeport Indonesia (PTFI) has deposited around Rp3.35 trillion (about US$207 million), or about sevent percent out of its 2023 profit of Rp48.79 trillion, to the regional administrations in Papua.
Abu Dhabi Islamic Bank explores stake acquisition of Bank Syariah Indonesia
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
Iran-Israel conflict: Cascading effects on Indonesian economy
The escalating geopolitical crisis in the Middle East, coupled with Iran's attack on Israel, poses a threat to the global economic recovery, including Indonesia.
SMI books Rp2.07 trillion in net profit in 2023
State-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) recorded a net profit of Rp2.07 trillion or equivalent to US$144.5 million throughout 2023, partly supported by growth in operating income.
Government debt reaches Rp8,319.2 trillion by February 2024
The government's debt has reached Rp8,319.2 trillion (US$522.3 billion) by February 29, 2024, an increase from the end of January, which amounted to Rp8,253.09 trillion. This government debt is equivalent to approximately 39.06 percent of the gross domestic product (GDP), continuing the all-time high trend.
HSBC announces ASEAN growth fund to accelerate startup expansion in SE Asia
HSBC has announced the ASEAN Growth Fund, amounting to US$1 billion (IDR 16 trillion), aimed at accelerating the expansion of startups in ASEAN.
IDX issues unusual market activity for PT Adhi Kartiko Pratama shares
The Indonesia Stock Exchange (IDX) has issued an unusual market activity (UMA) announcement regarding PT Adhi Kartiko Pratama (NICE) shares due to an unusual increase in prices.
Inalum fine-tunes Pre-IPO plans
PT Indonesia Asahan Aluminium (Inalum) continues to prepare for its pre-initial public offering (IPO) this year.
Government still owes fertilizer subsidy of nearly Rp1 trillion to Pupuk Indonesia
State-owned fertilizing holding company PT Pupuk Indonesia recorded the government's debt to settle fertilizer subsidies almost complete, with a remaining balance of nearly Rp1 trillion (US$ 63.5 million) for the period of 2020-2021.
Chinese investment giant CICC targets Southeast Asian countries
The China International Capital Corporation (CICC), a massive investment bank, has announced plans to expand its presence in Southeast Asia, targeting Indonesia, Vietnam, Malaysia, and Thailand in its third phase of international expansion.
IKN authority absorbs budget of Rp271 billion in 2023
The Capital City of Nusantara Authority (OIKN) recorded a budget absorption throughout 2023 to support IKN development reaching Rp271.71 billion (US$17.3 million)