The Indonesia Stock Exchange has decided to temporarily suspend trading (suspension) of PT Garuda Indonesia Tbk shares in all markets, starting from series I on Friday (18/6).

PT KMI Wire and Cable Tbk projects net profit and revenue growth of 272.73% to Rp164 billion and 45.70% to Rp3.134 trillion this year, respectively.

PT Trans Power Marine Tbk (TPMA) targets comprehensive income for the current year and revenue for this year to be US$4 million and US$47.71 million, respectively.

The lack of positive global and domestic sentiment triggered the Composite Stock Price Index (JCI) correction at the opening of trading on  Friday (18/6) by 2.93 points.

PT Pupuk Indonesia (Persero) and Genting Oil Kasuri Pte Ltd (GOKPL) agreed to establish a cooperation in the sale and purchase of natural gas from the Kasuri block for the ammonia-urea and methanol plant in West Papua.

PT Sejahtera Bintang Abadi Textile Tbk (SBAT) plans to increase its capital by providing Pre-emptive Rights of a maximum of 3.57 billion ordinary shares or representing 62.42% of the issued and fully paid capital after this corporate action.

PT Garuda Indonesia Tbk announced that it had appointed a financial consultant based in New York City, Gugemheim Securities LLC, to help the company overcome the challenges caused by COVID-19.

The Jakarta Composite Index at the end of trading, Thursday (17/6), fell 0.17% or 10.12 points to 6,068.45.

Although Covid-19 cases are still increasing, Bank Indonesia (BI) maintains a projected domestic economic growth in the range of 4.1% to 5.1%.

Bank Indonesia (BI) stated that bank lending has begun to improve, although there is still a contraction.

Bank Indonesia has increased liquidity in banking by Rp94.03 trillion for the period of June 15, 2021.

Uncertainties in global financial markets began to show a decline, in line with the clarity of the Fed's policy direction, the US Central Bank, which was accommodative and viewed that it was still too early to reduce monetary policy stimulus or taper.