The Indonesia Stock Exchange (IDX) reduced its minimum share price to Rp1, enabling GoTo and MNC Group shares to trade below the previous Rp50 threshold. Indonesian stocks experienced a sharp decline on Monday following the policy adjustment. The move removes long-standing trading restrictions for low-priced shares on the exchange.
Republikorp acquires MNC’s iNews Group, consolidating its television, radio, and digital news platforms into a unified media network under the new brand **RMG**. The move integrates MNC’s existing assets into Republikorp’s portfolio, expanding its reach across Indonesia’s media landscape.
PT Media Nusantara Citra Tbk (MNCN) integrates iNews Group into Republikorp, a defence industry-focused media entity. The move consolidates MNC Group’s media network with cross-platform media entities to form a unified business group. This partnership expands MNCN’s reach into defense sector communications.
PT MNC Tourism Indonesia Tbk (KPIG), formerly PT MNC Land Tbk, has been included in the MSCI Global Small Cap Indexes after the latest index rebalancing. The move reflects growing recognition of the Indonesian company’s market position. KPIG operates in tourism and real estate sectors, expanding its global financial visibility.
