Japan posted a merchandise trade deficit of 695.3 billion yen in August, the Ministry of Finance said on Wednesday. That beat forecasts for a shortfall of 1,380 trillion yen following the 628.7 billion yen deficit in July. Exports were up 5.6 percent on year, shy of expectations for an increase of 10.0 percent and slowing...
Ahead of the long weekend for the Mid-Autumn Festival, the China stock market had moved lower in three straight sessions, sinking more than 40 points or 1.5 percent along the way. The Shanghai Composite now sits just above the 2,700-point plateau although its due for support on Wednesday. The global forecast for the Asian markets...
The Indonesia stock market has tracked higher in three straight sessions, advancing more than 80 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,830-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal Reserves...
The deputy minister added that the ministry expected MPs to approve a law on crypto mining tax by the end of the State Duma’s autumn session. Late last year, lawmakers floated the idea of introducing a tax on crypto-related income, rather than profits. The Treasury Department has floated similar ideas. However, exchange rate calculations may...
Cardano founder Charles Hoskinson warned on Friday that Donald Trump’s newly launched crypto platform, World Liberty Financial, could face serious political and regulatory challenges. He highlighted the potential for investigations by institutions like the Department of Justice (DoJ) and the SEC, emphasizing the risk of politicizing the entire crypto industry. Trump’s Crypto Platform Could Trigger...
Balancing Risks and Benefits However, the report also acknowledges the risks associated with Bitcoin, including its volatility, regulatory challenges, and the uncertainty surrounding its adoption as a global payment asset. Despite these risks, BlackRock argues that Bitcoin’s unique properties can provide a valuable diversification benefit for investors. “While Bitcoin has shown instances of short-term co-movements...
JAKARTA – Three issuers are now listed as constituents of IDX ESG Leaders (IDXESGL) following a major evaluation in September 2024. The current effective period will last until March 18, 2025, from September 18, 2024. Based on the information disclosure of the stock exchange quoted Thursday (12/9), the issuers that enter IDXESGL include PT Avia...
Betonjaya Manunggal Tbk (BTON) will schedule a cash dividend payment of IDR 7.2 billion or IDR 10 per share. Andy Soesanto, Corporate Secretary of BTON, mentioned that the cash dividend will be taken out of its net profit in 2023. “It follows the result of Extraordinary General Meeting of Shareholders on September 10, 2024,” he...
JAKARTA – There is a need for capable and reliable human resources to boost Indonesia as sharia economic centre. It is mentioned by Saiful Rahmat Dasuki, Vice Minister of Religion, in a written speech during Islamic Leaders Conference at Menara Syariah, Pantai Indah Kapuk (PIK) 2, Thursday (12/9). “I hope that through this conference, there...
JAKARTA -PT Jasa Marga (Persero) Tbk (JSMR) made capital investment in PT Bogor Serpong Infra Selaras (BSIS), a joint venture managing Bogor-Serpong via Parung Toll Road. The capital investment took place yesterday (11/9). In the information disclosure quoted Thursday (12/9), Nixon Sitorus, Corporate Secretary and Chief Administration Office (CAO) of JSMR, revealed that four founders...