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Astra-International

Light at end of tunnel for auto industry as June car sales rebound: Experts
Business 5 years ago

Light at end of tunnel for auto industry as June car sales rebound: Experts

National car sales jumped more than threefold in June to 12,623 units from a record low 3,551 units a month before.
Astra slashes capex, conserves cash to survive COVID-19
Business 5 years ago

Astra slashes capex, conserves cash to survive COVID-19

The company’s planned capex has been reduced by half from Rp 20 trillion (US$1.4 billion) to between Rp 10 trillion and Rp 11 trillion this year.
Astra Agro Lestari pays $6.76m in dividends despite declining revenue
Business 5 years ago

Astra Agro Lestari pays $6.76m in dividends despite declining revenue

PT Astra Agro Lestari will pay a lower dividend per share of Rp 49 compared to Rp 336 in 2019 after its revenue fell 8.5 percent last year.
Bangkok Bank acquires majority stake in Bank Permata for $2.3b
Business 5 years ago

Bangkok Bank acquires majority stake in Bank Permata for $2.3b

Bangkok Bank acquired an 89.12 percent stake in privately owned Bank Permata on Wednesday.
Astra Financial restructures US$1.48 billion in loans
Business 5 years ago

Astra Financial restructures US$1.48 billion in loans

Astra Financial, a lending consortium under diversified conglomerate Astra International, has restructured loans to some 792,000 customers – worth a total of Rp 21.9 trillion (US$1.48 billion) – per a government program to prevent defaults amid the COVID-19 pandemic.
Astra steps on the brakes as car demand crashes
Business 5 years ago

Astra steps on the brakes as car demand crashes

Diversified conglomerate PT Astra International is looking to adopt new survival strategies, including pushing down operational costs and increasing its digital presence, in the face of slumping vehicle demand worsened by the COVID-19 pandemic.
187-year-old Jardine faces pain in Indonesia after expansion
Business 5 years ago

187-year-old Jardine faces pain in Indonesia after expansion

The conglomerate, whose operations span property, retail, hotels and motor vehicles, has warned investors of “increasingly difficult conditions” in Indonesia, where the fatality rate from COVID-19 is the highest in the region.
Foreign companies go ahead with acquisition plans despite COVID-19 pandemic
Business 5 years ago

PREMIUM
Foreign companies go ahead with acquisition plans despite COVID-19 pandemic

Taiheiyo Cement Corporation has signed a partnership agreement with state-owned PT Semen Indonesia and plans to acquire a 15 percent stake in its subsidiary PT Solusi Bangun Indonesia.
Astra braces for tough times with no end in sight to COVID-19
Business 5 years ago

Astra braces for tough times with no end in sight to COVID-19

Astra International booked an 8 percent year-on-year (yoy) decline in profit in the first quarter and is bracing for more trouble ahead.
Bank Permata appoints Bangkok Bank executives as new commissioners
Business 5 years ago

Bank Permata appoints Bangkok Bank executives as new commissioners

Shareholders of private-owned Bank Permata have appointed executives of Thailand-based Bangkok Bank Public Company as new commissioners following the latter’s acquisition of the former’s majority stakes. 
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