Aldira Sunrise 19 Agustus 2024

BBCA will merge BCA Finance BCA Multi Finance
Bank Central Asia (BBCA) will merge its subsidiaries in the financing industry, namely BCA Finance (BCAF) and BCA Multi Finance (BCAMF). The aim of the merger of the two finance companies was for business efficiency. Previously, in the prospectus published on 1 Jul 24, the merger of BCAF and BCAMF was planned to be effective on 1 Sep 24. The plan is that after the merger, BCAF will become the surviving entity. With the entry of BCAMF, BCAF will start developing vehicle financing for two-wheeled vehicles. (Bisnis Indonesia)
DVLA realized more than 50% of its capex budget in 1H24
Darya-Varia Laboratoria (DVLA) realized 50% of the IDR 299B Fy24 capex budget in 1H24. The capex is used to increase production capacity to meet the high demand for several products. Aside from that, this capex is also used for investments related to new regulations. The Government through the Food and Drug Supervisory Agency (BPOM) had tightened control and procurement of drugs in the pharmaceutical industry. This is in line with the DVLA’s plans to use capex funds to improve their facilities. (Kontan)
MYOR faces global cocoa price increases
The significant spike in global cocoa prices is a serious challenge for various food and beverage companies, including Mayora Indah (MYOR). Based on data from Trading Economics, global cocoa prices reached USD 8,449 per ton until 15 Aug 24 (+150.58% yoy, +7.13% mom). Facing the increase in cocoa prices, the company decided to adjust the selling price of its products. However, management has not been able to reveal in detail the amount of price adjustments that have been or will be implemented. Apart from that, MYOR management will actively monitor cocoa price movements and make purchases when prices are at lower levels to reduce the impact of price increases. Regarding the joint import option, management emphasized that this was not possible due to applicable import quota restrictions. (Kontan)