Corporations still suffered from a decline in performance during the first semester.
Companies owned by Benny Tjokrosaputro run into troubles after the revelation of his role in the Jiwasraya scandal. Hanson International may face delisting, while Armidian Karyatama declares bankruptcy.
Food sector corporations are not always immune from crises.
There were still several corporate actions related to liquidity at the beginning of the third quarter.
Corporations in the health and consumer sectors still prevail amid the COVID-19 pandemic.
Pertamina is reportedly exploring the possibility of acquiring Occidental Petroleum Corp's oil and gas blocks in Africa and the Middle East. The acquisition value reaches US$ 4.5 billion.
Repsol is aggressively investing in Indonesia's upstream oil and gas sector as it sees an opportunity amid falling global crude prices. The new scheme offering more flexible oil and gas cooperation contracts have also attracted the company.
The COVID-19 pandemic still puts pressure on corporate performance, including those engaged in the film industry.
Medco Energi is interested in buying 35 percent of Shell's shares in the Masela Block if the offered price is suitable. It means Medco has to compete with 32 other investors who have requested data access to the oil and gas working area.
COVID-19 Pandemic still suppresses corporate performance, including corporations engaged in the health sector.