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Thailand revives US$30 billion corridor to challenge Malacca Strait
1+ day, 25+ min ago (482+ words) JAKARTA - The Thai government has revived its 1 trillion baht or around USD 30 billion Land Bridge project, which is designed as an alternative route for trade flows that have long depended on the Malacca Strait. As quoted by Reuters, Thai Prime…...
US suspects ASML machine may have reached China despite export ban
19+ hour, 45+ min ago (227+ words) WASHINGTON " United States Commerce Secretary Howard Lutnick has told ASML that Washington is concerned one of the company's most advanced chip-making machines may have entered China, in violation of US-led export restrictions. The claim was reported by Bloomberg News on…...
Three Saudi supertankers pass Hormuz after US-Iran peace deal
23+ hour, 45+ min ago (498+ words) JAKARTA - Three Saudi Arabia-flagged supertankers carrying around 6 million barrels of crude oil crossed the Strait of Hormuz hours after US President Donald Trump signed an agreement with Iran to end the war between the two countries. As quoted by Reuters,…...
Blue Bird dividend rises 38. 3% to IDR 166 per share, yield reaches 10%
1+ day, 3+ hour ago (395+ words) JAKARTA " Taxi company PT Blue Bird Tbk (BIRD) will distribute a dividend of IDR 166 per share for the 2025 financial year, or a total of around IDR 415. 2 billion in July, following the decision of the Annual General Meeting of Shareholders (AGMS)…...
DART issues IDR 50 billion bonds with 10% coupon to repay debt
2+ day, 18+ hour ago (326+ words) JAKARTA - PT Duta Anggada Realty Tbk (DART) is offering a fixed coupon rate of 10% per year in the issuance of Duta Anggada Realty Shelf-Registration Bonds IV Phase II 2026 worth IDR 50 billion. The bonds have a tenor of 370 calendar days and…...
TINS to pay IDR 656. 8 billion dividend; Indonesia, Norway earn shares
2+ day, 18+ hour ago (188+ words) JAKARTA - PT Timah (Persero) Tbk (TINS) will distribute cash dividends of IDR 656. 82 billion, equivalent to IDR 88. 189 per share, sourced from its net profit for the 2025 financial year. The plan follows the decision of the Annual General Meeting of Shareholders (AGMS)…...
Falling sales push Yum Brands to sell Pizza Hut to Chinese investors
3+ day, 5+ min ago (510+ words) JAKARTA - Yum Brands (US) is selling its Pizza Hut business for USD 2. 7 billion after the pizza restaurant chain faced sales pressure due to intensifying competition and weakening consumer purchasing power. As quoted by Reuters, under the agreement announced on Tuesday…...
EU cuts US tariffs to avoid new trade conflict
3+ day, 1+ hour ago (434+ words) JAKARTA - The European Parliament approved import tariff reductions for various products from the United States on Tuesday (16/6), paving the way for the full implementation of the trade agreement between the European Union and the US while avoiding a potential escalation…...
KIJA repays IDR 3. 29 trillion debt ahead of schedule
4+ day, 16+ hour ago (251+ words) JAKARTA - PT Kawasan Industri Jababeka Tbk (KIJA) has repaid all of its Senior Notes debt worth USD 185. 86 million, equivalent to IDR 3. 29 trillion (exchange rate of IDR 17, 698. 50 per US dollar), ahead of schedule. The debt was originally scheduled to mature in…...
Rupiah rises after US-Iran deal, market now focuses on domestic fiscal
4+ day, 22+ hour ago (386+ words) JAKARTA " The rupiah strengthened against the US dollar after Trump and Iran agreed to reopen the Strait of Hormuz as part of a peace agreement. Despite improving global sentiment, market participants are now turning their attention back to Indonesia's fiscal…...