Canadian stocks tumbled Tuesday morning, hurt by hot inflation data and escalating geopolitical tensions, but recovered gradually to eventually end the days session on a slightly positive note. Data from Statistics Canada showed the annual inflation rate in Canada rose to 2% in October from an over-three-year low of 1.6% in the previous month. The...
The Singapore stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had collected more than 30 points or 0.8 percent. The Straits Times Index now sits just beneath the 3,760-point plateau and it may see additional support on Wednesday. The global forecast for the Asian markets...
Japan posted a merchandise trade deficit of 461,2 billion yen in October, the Ministry of Finance said on Wednesday. That missed forecasts for a shortfall of 360.4 billion yen following the upwardly revised 294.1 billion yen deficit in September. Exports were up 3.1 percent on year at 9.426 trillion yen - exceeding expectations for an...
The Taiwan stock market has ventured higher in two of three trading days since the end of the four-day losing streak in which it had tumbled almost 850 points or 3.6 percent. The Taiwan Stock Exchange now rests just beneath the 22,850-point plateau and it may see additional support on Wednesday. The global forecast for...
Gajah Tunggal Tbk (GJTL), a tyre manufacturer known with brands like GT Radial and IRC, has signed a syndicated loan facility from several banks worth IDR 4.4 trillion. The credit facility consists of 2 tranches, with tenors set to 8 and 9 years each. Some of the banks assisting this syndicated loan are PT Bank...
JAKARTA – Stock performances of two out of three issuers debuting on Indonesia Stock Exchange on November 8, 2023, were seen improving as of last week (15/11). They are PT Ikapharmindo Putramas Tbk (IKPM)andPT Mastersystem Infotama Tbk (MSTI). Based on the compiled data by IDNFinancials today (18/11), IKPM was reported increasing 67.27% to IDR 276...
Smartfren Telecom Tbk (FREN), one of the biggest telecommunication service providers in Indonesia, has signed a syndicated loan agreement with a subsidiary and several banks. James Wewengkang, Corporate Secretary of FREN, said that the subsidiary involved in this facility agreement is PT Smart Telecom (Smartel). The syndicate of banks that will provide financing facilities includes...
Triputra Agro Persada Tbk (TAPG), a palm and rubber plantation, has secured dividend income from one of its subsidiaries, PT Agro Multi Persada (AMP). Joni Tjeng, Corporate Secretary of TAPG, confirms that the interim dividend received from AMP reaches IDR 617.48 billion. Owning 94.93% of AMP, the company then receives interim dividend of a total...
BANDUNG – President Director of PT Metrodata Electronic Tbk (MTDL), Susanto Djaja, also notices the weakened purchase power of the masses. However, he reveals that there is one business line that could still record 13% growth this year. “It is undeniable that there has been a decrease in purchase power; we feel it, as well,”...
The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and its expected to open higher again on Wednesday. The global forecast for the Asian markets is mixed to higher, with support again expected...