The latest news and updates from Kuartal.
PT Bank Tabungan Negara (Persero) Tbk has successfully distributed the entirety of the Rp25 trillion in government-placed funds, reaching 100 percent utilization well ahead of the official deadline. The update was confirmed by President Director Nixon LP Napitupulu, who noted that the disbursement was completed by mid-November 2025 — significantly earlier than the government’s target of late […]
PT Asuransi Tugu Pratama Indonesia Tbk has reinforced its position as one of Indonesia’s most resilient general insurers, reporting Rp594.8 billion in profit attributable to shareholders for the period ending September 2025. The company achieved this result despite the full implementation of PSAK 117 and ongoing volatility across both the insurance industry and the broader economy. The […]
PT Astra International Tbk’s Extraordinary General Meeting of Shareholders (EGMS) on Wednesday, 19 November 2025, marked a significant refresh of the company’s leadership structure. Shareholders approved the appointment of several new commissioners and a director, signalling Astra’s continued effort to strengthen governance and sustain long-term growth across its diverse business portfolio.
PT Adaro Andalan Indonesia Tbk (AADI) has officially confirmed the interim dividend conversion rate ahead of its cash payout to shareholders. The company set the reference exchange rate using Bank Indonesia’s middle rate on 19 November 2025 at Rp16,760 per US dollar. Based on this rate, AADI will distribute a total interim cash dividend of approximately […]
CIMB Niaga has strengthened its commitment to green financing by extending a Rp117 billion Sustainability-Linked Loan (SLL) facility to PT Primarajuli Sukses, a key subsidiary of textile manufacturer PT Ever Shine Tex Tbk (ESTI). The agreement underscores both companies’ shared ambition to support Indonesia’s textile sector while accelerating the industry’s transition toward cleaner, lower-carbon operations.
PT Garuda Indonesia (Persero) Tbk (GIAA) has announced revisions to its plan for using funds raised through its non-preemptive rights issue, officially known as the Capital Increase Without Preemptive Rights (PMTHMETD). The total value of the corporate action, originally stated at US$1.846 billion, has now been recalculated to approximately Rp 23.67 trillion, according to a […]