Fitch Ratings Lowers Sri Rejeki Rating
Fitch Ratings lowered PT Sri Rejeki Isman Tbk (Sritex / SRIL) on the long-term rating of the issuer default rating (IDR) to 'B-' from 'BB-'.
BI: Foreign Investment Slows in Fourth Quarter 2020
Indonesia's International Investment Position (IIP) recorded a net liability in the fourth quarter of 2020 of US$281.2 billion (26.5% of Gross Domestic Product / GDP), a decrease of around 16.78% when compared to the final quarter of 2019, which reached US$337.9 billion (30.2% of GDP).
Wijaya Karya Eyes to Bag Rp40.12 Trillion New Contracts in 2021
PT Wijaya Karya (Persero) Tbk (WIKA) targets to bag new contracts amounting to Rp40.12 trillion this year, and the acquisition of contracts in hand (order book) is estimated to be around Rp115.02 trillion.
Indo Straits Sets Up Unit in Mining Service Business
PT Indo Straits Tbk established a subsidiary engaged in the mining services business named PT Straits Mining Services on March 23, 2021.
Kurniamitra Duta Acquires 30% Stake in Formosa for Rp30 Billion
PT Kurniamitra Duta Sentosa Tbk (KDMS) has invested in shares of PT Formosa Ingredients Factory, which the company took from the portfolio shares totaling 274 million shares, equivalent of 30% of the paid-up and issued capital.