Brazil’s Vice President advisor sees Bitcoin reserves as essential for long-term national prosperity and economic resilience.Lawmakers propose allocating 5% of Brazil’s reserves into Bitcoin, aiming to modernize and diversify state financial strategies. A surprising statement came from Pedro Giocondo Guerra, a senior advisor to the Vice President of Brazil. He said that Bitcoin is not...
An executive of Fidelity Investments has explained the possibility of Bitcoin overtaking gold; he says it is possible but could happen in decades. Having observed that the precious metal could appreciate faster than the historical compound annual growth rate (CAGR) of 8%, the executive thinks “gold will always be Bitcoin’s quieter older sibling.” The director of...
JAKARTA – PT Aneka Tambang Tbk (ANTM), through its Precious Metals Processing and Refining Business Unit (UBPP Logam Mulia), officially launched a special edition of thematic gold to celebrate the upcoming 2025 Chinese New Year. Inspired by the theme of the Year of the Wood Snake, the launch took place in Jakarta on Wednesday (8/1)....
JAKARTA – Indonesia Stock Exchange (IDX) temporarily suspended transactions of PT Diamond Food Indonesia Tbk (DMND)as of yesterday (8/1). Apparently, within the past three months, its daily average transaction volume only reached below 10 thousand shares. Based on IDX data, DMND is listed under special monitoring list following low liquidity with listed criteria of daily...
JAKARTA – Inflation pressure is expected to increase in February 2025, as reflected in Price Expectation Index (IEH) of 160.2 points, higher than the January 2025 forecast of 157.8 points. This inflation forecast is based on Bank Indonesias Retail Sales Survey (SPE-BI) conducted in November 2024. According to the SPE-BI report published on Friday (10/1),...
JAKARTA - PT Bumi Resources Minerals Tbk (BRMS) secured the top spot for net foreign buy at the closing bell of stock trading at the end of the week (10/1). Yesterday (9/1), the company ranked second, just behind PT Bumi Resources Tbk (BUMI). According to data from IDN Financials, BRMS recorded a net foreign buy...
JAKARTA - PT Aneka Tambang Tbk (ANTM) has announced its exploration report for the period ending on December 31, 2024. Syarif Faisal Alkadrei, the Corporate Secretary of the company, stated in a written statement that the exploration activities focus on commodities such as gold, nickel, and bauxite, with a total preliminary unaudited exploration expenditure of...
Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from...
With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...
With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the...