Bumi Serpong Damai (BSDE) Divested DDSM Stake for IDR 72.5 bn

Bumi Serpong Damai (BSDE) Divested DDSM Stake for IDR 72.5 bn

BSDE has sold its 100% stake in PT Duta Dharma Sinarmas (DDSM) through subsidiary PT Sentra Talenta Utama. The transaction of 112.3 mn shares was acquired by PT Duta Dharma Sulut and Jimmy Widjaja for IDR 72.5 bn. This move aligned with BSDE's strategy to reallocate capital toward more profitable property developments with higher growth potential.

Global Carmakers Warn of Disruptions from China’s Mineral Export Ban

Global automakers are raising concerns after China restricted exports of key rare earth materials used in cars, electronics, and defense. Companies from the U.S., Germany, India, and Japan say the ban could cause production delays or shutdowns if not resolved soon. China’s move part of ongoing trade tensions has halted shipments of magnets and alloys critical for making motors, sensors, and other parts.