JAKARTA -PT Sarana Mitra Luas Tbk (SMIL) has gained approval from shareholders to seek new credit facilities or extend its existing credit facilities. This was announced by Hadi Suhermin, President Director of SMIL, as quoted in the minutes of Extraordinary General Meeting of Shareholder today (9/9). “Shareholders gave approval to the board of directors to...
European stocks may open a tad lower on Thursday as global markets remain in risk-off mode amid mounting unease over the U.S. and Chinese economic outlook. After Wednesdays weak labor market data, U.S. reports on jobless claims, private sector employment and service sector activity may shed further light on the health of the worlds largest...
Reserve Bank of Australia Governor Michele Bullock said it is premature to think about interest rate cuts and the highest priority is to bring inflation sustainably towards the target. At the Anika Foundation, Bullock reiterated that the bank remains vigilant to upside risks to inflation and the monetary policy needs to remain sufficiently restrictive. If...
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 31st. The report said initial jobless claims dipped to 227,000, a decrease of 5,000 from the previous weeks revised level of 232,000....
A report released by the Labor Department on Thursday showed labor productivity in U.S. jumped by more than previously estimated in the second quarter, while unit labor costs rose by less than previously estimated. The Labor Department said labor productivity shot up by 2.5 percent in the second quarter compared to the previously reported 2.3...
JAKARTA. PT MSIG Life Insurance Indonesia Tbk (LIFE), a life insurance company, will initiate a spin-off of its sharia business unit. Leony Samosir, Corporate Secretary of LIFE, said that the plan had been approved by Financial Services Authority (OJK) on July 5, 2024. For next, the company will apply for business license for a new...
JAKARTA - Three private investors increased their holdings in PT Garudafood Putra Putri Jaya Tbk, a manufacturer of food and beverage products, on Tuesday, September 3. The first of the three investors, Pangayoman Adi Soenjoto, increased hisportion to 8.54% by purchasing an additional 418.57 million shares of GOOD. The other two investors are also members...
JAKARTA – Jakarta Stock Price Composite Index (JCI) slowed down and arrived at 7,688.17 nearing the closing of today’s (5/9) session. It is lower than 7,714.08 recorded in the morning session today. As monitored at the end of the closing bell, the afternoon session saw JCI fluctuating in the green zone. JCI even hit 7,712.83...
The Institute for Supply Management released a report on Thursday unexpectedly showing a slight uptick by its reading on U.S. service sector activity in the month of August. The ISM said its services PMI inched up to 51.5 in August from 51.4 in July, with a reading above 50 indicating growth in the sector. Economists...
JAKARTA. PT Info Media Digital (IMD), a digital business line under PT Tempo Inti Media Tbk (TMPO), has secured funding from Media Development Investment Fund (MDIF). Jajang Jamaludin, Corporate Secretary of TMPO, mentioned that the funding received by the company is through Convertible Performance Debenture (CPD). “This convertible bond has a maturity date on December...