U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of...
PANI subsidiary goes public, oversubscribed by 344 times
JAKARTA – PT Bangun Kosambi Sukses Tbk (CBDK), a subsidiary of PT Pantai Indah Kapuk Dua Tbk (PANI), successfully held its initial public offering (IPO) on the Indonesia Stock Exchange (IDX) today (13/1). Despite its strong reputation bolstered by its parent company, CBDK offered only 10% of its issued and paid-up capital to the public,...
19 companies in IPO pipeline, most boast large assets
JAKARTA – The majority of companies in the Initial Public Offering (IPO) pipeline of the Indonesia Stock Exchange (IDX) have large-scale assets. “As of now, there are 19 companies in the IDXs IPO pipeline,” revealed I Gede Nyoman Yetna, Director of Company Valuation at IDX, in an official statement. At least 17 of the 19...
Take a look at SBMAs strategy to maintain profitability in 2025
JAKARTA – PT Surya Biru Murni Acetylene Tbk (SBMA) remains in the spotlight as its business in the Kalimantan region continues to grow. SBMA is optimistic that several strategic projects in the oil and gas, mining, and manufacturing sectors will drive the regions economic growth. These projects are expected to increase the demand for industrial...
OBAT now publicly listed, offering warrant bonus and dividend
JAKARTA – The Indonesia Stock Exchange (IDX) welcomed a new pharmaceutical issuer, PT Brigit Biofarmaka Teknologi Tbk (OBAT), following its Initial Public Offering (IPO) on Monday, January 13. In this corporate action, OBAT offered 170 million shares, equivalent to 28.33% of its issued and paid-up capital post-IPO. With an offering price of IDR 350 per...
JCI corrected in the first session early this week
JAKARTA – The Jakarta Composite Index (JCI) experienced a correction during the opening of the first trading session, reaching 7,063.53 points by 09.46 AM WIB on Monday (13/1). As of this morning, IHSG was at 7,063.53 points as of 09.40 AM WIB, having opened lower than last weeks close at 7,078.24 points. Several large-cap stocks...
Eurozone Economic Sentiment Deteriorates Sharply
Euro area economic confidence deteriorated to the lowest in more than a year in December as the improvement in services sentiment was offset by weaker morale in industry, construction and among consumers. The economic sentiment index dropped more-than-expected to 93.7 in December from 95.6 in the previous month, survey data from the European Commission showed...
U.S. Private Sector Employment Climbs Less Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by...
Amazons AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure
Amazon Web Services or AWS, affiliated to tech major Amazon.com Inc., announced its plan to invest at least $11 billion in the U.S. state of Georgia, aiming to expand infrastructure to support cloud computing and artificial intelligence technologies. The landmark investment in Butts and Douglas counties, which is expected to create at least 550 new...
U.S. Weekly Jobless Claims Unexpectedly Dip To 201,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Wednesday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended January 4th. The report said initial jobless claims slipped to 201,000, a decrease of 10,000 from the previous weeks unrevised level of...
U.S. Private Sector Job Growth Slows More Than Expected In December
Private sector employment in the U.S. increased by less than expected in the month of December, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment rose by 122,000 jobs in December after climbing by 146,000 jobs in November. Economists had expected private sector employment to grow by...
