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INDO News13 articles
Indonesia Energy Soars 40% Premarket Amid Oil Price Spike
Indonesia Energy shares jumped 40% in premarket action Monday, extending Friday's 22% rally as oil prices climbed on Middle East supply concerns. Traders are watching whether the gains hold at the open.
Indonesia Energy Soars 40% Premarket Amid Oil Price Spike
Indonesia Energy Corporation shares jumped approximately 40% in premarket activity Monday, extending Friday's 22% gain as oil prices climbed on supply concerns. Market participants are watching whether the rally sustains through the regular session opening.
Grab Shares Sink to 52-Week Low Despite Strong Q1 Earnings as Indonesia Regulatory Risk Looms
Grab shares fell to a 52-week low of $3.46 despite strong Q1 results, as Indonesia's new 8% commission cap on ride-hailing raises margin concerns.
Grab Stock Dips Despite Strong Q1 Results, Indonesia Cap Looms
Grab shares slipped 1.1% to $3.60 despite Q1 revenue beating estimates at $955 million and profit jumping to $120 million, as Indonesia's new 8% ride-hailing commission cap weighs on sentiment.
Grab Shares Dip Despite Strong Q1 Earnings as Indonesia Regulations and Fuel Costs Loom
Grab's Q1 revenue beat estimates, but shares fell as Indonesia plans to cap ride-hailing commissions and fuel costs rise. Analysts trimmed targets but kept positive ratings.
Indonesia Caps Ride-Hailing Commissions at 8%, Pressuring Grab Ahead of Earnings
Indonesia slashed the maximum commission for ride-hailing platforms to 8%, pressuring Grab (GRAB) and GoTo's Gojek ahead of Grab's Q1 earnings. Grab shares fell 3.9%.
Indonesia's Youth Social Media Ban Puts Alphabet's YouTube Revenue at Risk
Indonesia is set to enforce a ban on users under 16 from high-risk social media platforms, including YouTube, starting March 28. The rule directly challenges a business segment that generated over $60 billion for Alphabet last year.
Grab Faces Regulatory Pressure in Indonesia, Adjusts Malaysian Fintech Terms
Grab Holdings sets aside Rp100-110 billion for enhanced holiday bonuses for Indonesian drivers following a new government mandate. Separately, Grab Malaysia will increase monthly interest on new PayLater instalments to 1.25% starting March 9.
Indonesia's IDX Enforces Free-Float Rule, Inflation Data Looms
The Indonesia Stock Exchange (IDX) starts phasing in a new 15% minimum free-float requirement next week, which may compel over 200 listed companies to increase their public share offerings. Market focus also shifts to upcoming trade and inflation figures.
Indonesia's Free-Float Overhaul Puts Barito Renewables in Spotlight
Barito Renewables Energy closed lower as markets assess Indonesia's proposed 15% minimum free-float rule, which could force BREN to release over $1.8 billion in shares. The broader Jakarta Composite Index edged down slightly.
SLB Shares Decline Amid Oil Price Drop Despite Indonesian Gas Contract
SLB shares dropped 1.8% to $50.64 as oil prices declined, overshadowing new offshore drilling contracts for a deepwater gas project in Indonesia targeting first production by 2028.
IBM and Meta Expand AI Alliance to Indonesia Amid Adoption Challenges
IBM and Meta have launched their AI Alliance in Indonesia, promoting open-source AI tools and training. Meanwhile, IBM's $11 billion acquisition of Confluent faces regulatory review in Australia.
Jardine Matheson Gains in Singapore Amid Indonesia Mine Permit Negotiations
Jardine Matheson shares advanced 1.1% in Singapore trading as Indonesia engages in talks over the revoked permits for the Martabe gold mine, operated by its subsidiary Agincourt Resources.