Indonesian Coal Giant ITMG Announces Rp 2.3 Trillion Share Buyback Program
PT Indo Tambangraya Megah Tbk (ITMG), a major Indonesian coal producer, has announced a share buyback program valued at up to Rp 2.31 trillion. The initiative aims to stabilize the market and maintain investor confidence, potentially increasing its treasury stock to approximately 15% of its issued shares upon completion.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- China's 'Companionship Economy' Ripples: Modern Consumption Driven by Loneliness and Connection
China's 'companionship economy,' where individuals pay for social interaction to combat loneliness, is a growing trend. This phenomenon may extend its influence to countries like Indonesia, reflecting shifts in modern human relationships and consumer behavior.
- Indonesian Crypto Investors Warned: Understanding Stablecoin Risks and Types
Indonesian crypto investors are being warned that even stablecoins carry price volatility risks. Specifically, the reliability of collateral assets and issuer issues can threaten their stability. Investors are advised to understand the characteristics of four types of stablecoins before purchasing.
- Indonesian Stocks Predicted Sideways on US Midterm Election Results
Indonesia's Composite Stock Price Index (IHSG) is predicted to trade sideways on November 5th, following the Democratic Party's victory in the US midterm elections, which secured full control of both the House and Senate. Investors are closely watching potential impacts on the global economy.
- Alfamidi to Distribute Over Rp127 Billion in Interim Dividends
PT Midi Utama Indonesia Tbk (MIDI), operator of the Alfamidi convenience store chain, announced it will distribute over Rp127.05 billion in interim dividends for the 2026 fiscal year. This reflects the company's strong performance.