Australias gross domestic product expanded a seasonally adjusted 0.2 percent on quarter in the second quarter of 2024, the Australian Bureau of Statistics said on Wednesday - in line with expectations and accelerating from 0.1 percent in the previous quarter. On a yearly basis, GDP added 1.0 percent - again matching forecasts and slowing from...
The services sector in China continued to expand in August, albeit at a slower pace, the latest survey from Caixin revealed on Wednesday with a services PMI score of 51.6. Thats down from 52.1 in July but remains above the boom-or-bust line of 50 that separates expansion from contraction. Service activity expansion was sustained by...
The private sector in Hong Kong continued to contract in August, and at a faster pace, the latest survey from S&P Global revealed on Wednesday with a PMI score of 49.4. Thats down from 49.5 in July and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Business activity in...
The Thai stock market has alternated between positive and negative finishes through the last six trading days in which it had picked up more than 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,365-point plateau and it figures to head south again on Wednesday. The global forecast for...
JAKARTA - PT Bangun Kosambi Sukses (BKS), a subsidiary ofPT Pantai Indah Kapuk Dua Tbk (PANI), increases its portion in PT Cahaya Gemilang Indah Cemerlang (CGIC) to 55.89% from 51% of issued and paid-up capital. This portion increase is intended to prevent dilution of shares of BKS and PANI in CGIC. In the information disclosure...
Bank Rakyat Indonesia (Persero) Tbk (BBRI) has signed a Conditional Share Subscription Agreement (CSSA) with Amundi, an asset management company based in France. In said collaboration, Amundi will book new shares of PT BRI Manajemen Investasi (BRI MI), a subsidiary of BBRI engaged in the investment management business. “Then, Amundi will become a minority shareholder,...
JAKARTA -PT Bank Central Asia Tbk (BBCA) merges two of its subsidiaries, PT BCA Multi Finance (BMC) into PT BCA Finance, effective starting yesterday (1/9). Linda Chandrawati, Head of ESG of BBCA, confirmed that the merger of both subsidiaries had been approved by Financial Services Authority (OJK), BCA Finance’s shareholders, as well as BCA Multi...
JAKARTA -PT Barito Renewables Energy Tbk (BREN) once again seized the top spot at market capitalisation list, defeating 934 other issuers in the stock exchange as of August 2024. This company, owned by the tycoon Prajogo Pangestu, books market cap of IDR 1.43 quadrillion. Based on IDNFinancials’ compiled data today (3/9), this Indeks52 constituent perched...
JAKARTA – Jakarta Stock Price Composite Index (JCI) was seen slipping throughout today’s (3/9) session, contrasting with yesterday’s (2/9) solid trend that brought JCI to the level of 7,700-ish. Monitoring the board this afternoon, JCI stagnated at 7,620.53 nearing the closing bell. The index has indeed slowed down since the opening bell at 9 AM...
The total number of building permits issued in Australia was up a seasonally adjusted 10.4 percent on month in July, the Australian Bureau of Statistics said on Monday - coming in at 14,797. That beat forecasts for an increase of 2.4 percent following the 6.5 percent contraction in June. Permits for private sector houses rose...