Elon Musk’s inquiry into Fort Knox gold reserves has reignited doubts about whether all 4,580 tons still exist.Senators Rand Paul and Cynthia Lummis push for transparency—one demanding an audit, the other proposing Bitcoin as a reserve. Elon Musk’s curiosity has ignited a heated debate over the true state of the U.S. gold reserves. It all...
Bitcoin’s blockchain provides real-time, public verification, unlike Fort Knox gold, which remains unaudited for decades.Gold faces counterfeiting risks, while Bitcoin’s cryptographic security makes it impossible to fake. Senator Rand Paul has reignited the debate over the United States’ gold reserves by calling for an audit of Fort Knox. The last full audit occurred in 1974,...
JAKARTA. The Composite Stock Price Index (IHSG) throughout last week (9-13/12) showed a decline of 0.79% or 57.99 points to IDR 7,324.79, following the high net selling volume by foreign investors (net foreign sell). Last week, the volume of shares traded was recorded at 116.6 billion shares. The value of shares traded was recorded at...
Trimegah Bangun Persada Tbk (NCKL)acquires a portion of the shares of PT Obi Nickel Cobalt amidst its shares’ mass-divestment throughout the week. The shares acquisition of Obi Nickel was announced by NCKL post-closing bell last Friday (13/12). According to the official disclosure, NCKL purchased 10% of Obi Nickel from Li Yuen, with value set to...
Sumber Alfaria Trijaya Tbk (AMRT), the managing company of Alfamart and Alfamidi retail network, has closed down approximately 400 outlets since the beginning of this year due to their unprofitability. According to Solihin, Corporate Director of AMRT, this decision took place as some of these outlets failed to book profit as they were expected to....
JAKARTA -PT Palma Serasih Tbk (PSGO) is expanding its palm plantation in East Kalimantan by acquiring 100% of PT Sabhantara Rawi Sentosa (SRS) from PT Dhanistha Surya Nusantara (DSN) and PT Surya Nusantara Sawitindo (SNS) last week (12/12). Since last Thursday, PSGO has showed IDR 2 climb from IDR 192 to IDR 194 this morning...
JAKARTA – Interim dividend ofPT Bank Rakyat Indonesia (Persero) Tbk (BBRI)increases 60.7% year-on-year (yoy) this year compared to 2023. This increase further boosts this state-owned bank’s stock in the board this morning (16/12). Based on data compiled by IDNFinancials, BBRI allocates interim dividend of a maximum of IDR 20.46 trillion or IDR 135 per share,...
European stocks closed on a mixed note on Thursday with investors digesting the European Central Banks decision to cut interest rates by 25 basis points, and weighing the prospects of another cut in the first quarter of 2025. The Swiss National Bank reduced its benchmark rate by a sharper-than-expected 50 basis points to curb the...
The Switzerland market exhibited some weakness early on in the session on Thursday, and despite a smart recovery, failed to sustain momentum but still managed to end the day on a positive note thanks to some brisk buying at a few top counters. The Swiss National Bank announced a bigger than expected 50-basis point cut...
The Canadian market, which opened modestly lower Thursday morning, continues to languish in negative territory in afternoon trades with stocks from several sectors reeling under sustained selling pressure. Energy, materials and communications shares are among the major losers. Healthcare, utilities and financials shares are also mostly weak. Lower commodity prices, and concerns about trade war...