Sinarmas Land is one of the biggest developers of prime office buildings in Jakarta. © 2021 Bloomberg Finance LP Shares of Sinarmas Land jumped to a seven-year high after the Widjaja family offered to take the Singapore-listed developer private in a deal valuing the company at S$1.3 billion ($985 million). Lyon Investments—controlled by the Widjaja
JAKARTA: Indonesia’s financial services regulator has allowed listed companies to buy back their stocks without shareholders’ approval, while the central bank conducted “bold” currency intervention to calm markets, officials said on Wednesday. The moves came after the main stock index fell as much as 7.1% on Tuesday, pressured by concerns over the government’s policy, fiscal
JAKARTA: Global prices soared to an all-time high this week as many investors, including individuals at home, turn to the precious metals as a safe haven asset amid geopolitical and global economic uncertainty. Gold hit a record US$2,942.70 (Rp 48.1 million) per ounce in Asian spot trading on Tuesday (Feb 11), marking an increase of