personal finance

In 2024, the cryptocurrency market entered a bullish cycle as Bitcoin surged to an all-time high, with cumulative gains reaching millions of times since its inception. Global financial events, such as the election victory of Trump and the Federal Reserve interest rate cuts, profoundly impacted the crypto market, with institutional investors playing an increasingly pivotal...

JAKARTA – Shareholders ofPT Bank BTPN Tbk (BTPN) agreed upon the name change of the entity to PT Bank SMBC Indonesia Tbk. This approval was obtained during Extraordinary General Meeting of Shareholders yesterday (29/8). Henoch Munandar, President Director of BTPN, claimed that this step marks BTPN’s transformation in response to its ever-growing dynamics and portfolio....

JAKARTA – PT Bank Negara Indonesia (Persero) Tbk (BBNI) reported high performance of its credit disbursement until the first half (H1) of 2024, reaching IDR 727 trillion or up 11% year-on-year (yoy), supported by two primary segments: corporate credit and consumer credit. It is mentioned that BBNI’s corporate credit dominated its credit portfolio by up...

JAKARTA – Jakarta Stock Price Composite Index (JCI) was gaining strides from the opening bell until 11.25 AM WIB today (30/8) to 7,661.28. This uptrend resembled the pattern seen at yesterday’s (29/8) opening. Monitoring the board this morning, JCI opened at 7,645.73, before shifting up to 7,663.26 at 9.15 AM WIB. Although it slipped close...

AKR Corporindo Tbk (AKRA) proceeds with its business expansion plan to Eastern Indonesia in order to promote business growth within the next few years. Suresh Vembu, Director and Corporate Secretary of AKRA< mentioned that said strategy will be supported by integrated infrastructure. “We have solid infrastructures for storage, terminal, IT, etc,” added Vembu during Public...

Humpuss Maritim Internasional Tbk (HUMI), a subsidiary of PT Humpuss Intermoda Transportasi Tbk (HITS) engaged in marine transportation sector, has reportedly acquired 2 units of tugboats. The acquisition of these vessels is initiated by HUMI through its subsidiary, PT Humpuss Transportasi Curah (HTC). For the record, HTC is a business entity established since 2016, operating...

JAKARTA – Despite the success in breaking another record at morning session, Jakarta Stock Price Composite Index (JCI) slipped at today’s (29/8) closing bell. Monitoring the board until the closing bell, JCI was closed at 7,656.37, lower than 7,672.26 seen at the morning bell. JCI slippage this afternoon was in contrast with its mid-day pattern...

Jasa Armada Indonesia Tbk (IPCM) prepares IDR 158 billion for its capital expenditure this year, most of which will be channelled to new vessel acquisition. Most of said budget had been realised by IPCM to purchase 2 new vessels. In addition, the company had also allocated a portion of capex for vessel rejuvenation, supporting facilities,...

JAKARTA. The Indonesian government will hold an auction of Government Securities (lit. Surat Utang Negara/SUN) next Tuesday (3/9) with an indicative target of IDR 22 trillion. There will be 7 series of SUN auctioned off in this round, according to the Directorate of Budget Financing and Risk Management of the Ministry of Finance. They will...