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Today's Headlines GDYR

  • Tire Manufacturers See Rising Earnings from Indonesian Market

    Three Indonesian tire manufacturers, all listed on the Indonesia Stock Exchange, are showing the same trend over the past year: earnings from the domestic market are rising, while earnings from exports are declining. This could be a sign that Indonesia's domestic automotive market has been improving or the international industry has been weakening (or both). The three tire manufacturers are Gajah Tunggal, Multistrada Arah Sarana, and Goodyear Indonesia.

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  • Update Minimum Free Float Requirement Indonesia Stock Exchange

    The Indonesia Stock Exchange (IDX) will give time until 31 January 2016 for the remaining 18 publicly-listed companies that have not yet complied with the new minimum free float requirement that aims to increase liquidity in the stock market. In January 2014, the IDX announced it designed a new rule that forces all listed companies on the IDX to have a minimum free float of 7.5 percent. Samsul Hidayat, Director of Corporate Listing at the IDX, said these 18 companies are currently studying whether to conduct a rights issue or a stock split in order to raise their free float.

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