Consumer goods giant PT Unilever Indonesia is planning to split its stocks in order to make them more affordable to retail investors. “We think that the current share price is too high; that’s why we feel that we need to split them,” said director Sancoyo Antarikso in a statement on Monday. The company’s stock, listed […]
Read MoreKUALA LUMPUR: Banks in India and Indonesia are most prone to a deterioration in corporate debt repayment capacity, followed by banks in Singapore, Malaysia and China, according to Moody’s Investors Service stress test. The stress test was based on an assumption of a 25% decline in earnings before interest, tax, depreciation and amortistion (Ebitda), according […]
Read MoreIndonesia’s trade sector has received its Christmas gift early: The European Union has granted Indonesia Rp 232 billion (US$16.37 million) through a program dubbed ARISE+ Indonesia to improve trade conditions and capacity between 2019 and 2023. “The key objective is to strengthen the export and trade competitiveness of the Indonesian economy and the strategic goals […]
Read MoreAs the partner country of next April’s 2020 Hannover Messe, Indonesia looks set to seize the opportunities presented at one of the world’s largest trade shows held in the north German city. Jochen Köckler, chairman of the managing board of Deutsche Messe AG, organizer of the annual trade fair, told the media Wednesday the event would help Indonesia accelerate […]
Read MoreIndonesian state-owned electricity company PLN on Wednesday signed a memorandum of understanding (MoU) with its Malaysian counterpart, Tenaga Nasional Berhad (TNB), to begin a feasibility study on exporting 600 MW of power to TNB. PLN said in a statement that it expected to connect its Sumatra network to TNB’s western network by 2028. “It is also […]
Read MoreThe government is on high alert over a possible increase in tax shortfall this year as the economic slowdown is likely to continue until the end of the year. Sluggish economic growth since early this year has begun to hurt the government’s tax revenue, which contributes the larger part of the state budget. According to data […]
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