Retail Crypto Trading High in South Korea Many crypto exchanges have been facing significant regulatory hurdles from South Korean financial authorities and struggle to break into the market. Upbit and Bithumb hold over 95% market share, and strict regulations hinder new exchanges’ entering, reports Tiger Research. “Retail participation is extremely high. So it’s a very...
The Downfall of the Venezuelan State-run Cryptoasset Maduro and his cabinet spearheaded a set of policies that saw the Latin American nation launch its own oil-backed cryptoasset, which it named the Petro (PTR). The government also created Sunacrip, a state-run agency that oversaw crypto policy, as well as a state crypto-powered remittance platform named Patria....
JAKARTA. PT Graha Prima Mentari Tbk (GRPM), the official distributor of Coca-Cola in Indonesia, allocates capital expenditure (capex) of IDR 20 billion this year. From said budget, around IDR 10 billion had been realised in the first half (H1) of 2024. Agus Susanto, President Director of GPRM, mentioned that this year, the company projected its...
New York-based Fisher-Price Inc., owned by toymaker Mattel, Inc., has called back about 366,200 units of Dumbbell toy sold with Baby Biceps Gift Set citing choking hazard, according to the U.S. Consumer Product Safety Commission. In addition, about 37,850 units were sold in Canada. The recall involves the plastic dumbbell toy sold with the Fisher-Price...
Indofarma Tbk (INAF), a state-owned medicine and medical device manufacturer, is said to sell off its remaining assets to pay arrears to its own employees. The plan was announced by Kartika Wirjoatmodjo, Vice Minister of State-Owned Enterprises (SOEs), in Jakarta last Monday (2/9). “For employees, we plan asset divestment, which will be sold systematically to...
European stocks are likely to open on a mixed note Monday amid the Labour Day holiday in the U.S. Asian stocks traded mixed, with Chinese and Hong Kong markets declining after an official survey showed activity in Chinas manufacturing sector reached a six-month low in August. A private survey revealed Chinas manufacturing activity swung back...
JAKARTA -PT Pembangunan Jaya Ancol Tbk (PJAA)reportedly received interim dividend of 2024 of IDR 100 billion from its subsidiary, PT Taman Impian Jaya Ancol (TIJA), the managing company of recreational park in Jakarta. However, the amount of dividend decreased 71.42% year-on-year (yoy) from IDR 350 billion seen last year. Daniel Nainggolan, Director of PJAA, confirmed...
Final factory Purchasing Managers survey results from the euro area and the UK are the top economic news due on Monday. At 3.15 am ET, Spains manufacturing PMI data is due. The index is forecast to rise to 52.1 in August from 51.0 in July. At 3.45 am ET, S&P Global publishes Italys manufacturing PMI...
JAKARTA – PT Bank Rakyat Indonesia (Pesero) Tbk or BRI continues to demonstrate its commitment to continue growing and providing the best service to its customers, as proven through the Diamond title for Total Service Quality Satisfaction award based on the Customer Perception Survey SQIndex 2024 at the 2024 Service Quality Awards. The SQ Award...
JAKARTA. Pemeringkat Efek Indonesia (Pefindo) has revised the rating for Bond I Year 2018 issued byPT Kapuas Prima Coal Tbk (ZINC)to “idCCC” from the initial “idD”. Said revision took place after ZINC concluded the payment of principal and coupon of bonds worth IDR 1.45 billion in total. Said arrears were supposed to be paid on...