The manufacturing sector in Indonesia continued to contract in August, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 48.9. Thats down from 49.3 in July, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction. Concurrent falls in...
The manufacturing sector in Thailand continued to expand in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.0. Thats down from 52.8 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. The PMI had positive...
The Hong Kong stock market has moved higher in two straight sessions, advancing nearly 300 points or 1.8 percent along the way. The Hang Seng Index now sits just beneath the 17,990-point plateau and its likely to see continued strength again on Monday. The global forecast for the Asian markets is upbeat on optimism over...
The manufacturing sector in Taiwan continued to expand in August, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.5. Thats down from 52.9 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Underlying the weaker improvement...
The manufacturing sector in South Korea continued to expand in August, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.9. Thats up from 51.4 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. There was...
Sejahteraraya Anugrajaya Tbk (SRAJ), the owner of Mayapada Hospital network, has granted additional capital of IDR 50 billion to one of its subsidiaries, PT Sejahtera Inti Sentosa (SIS). Afie Farisandi, Corporate Secretary of SRAJ, said that the capital investment is equal to 2.6% of total equity of the company. For the record, total equity of...
JAKARTA – Statistics Indonesia (lit. Badan Pusat Statistik/BPS) recorded inflation at 2.12% in August 2024, slowing down from 3.27% seen in August 2023. Similarly, inflation from July to August 2024 were seen at minus 0.03%, while year-to-date (ytd) recorded inflation shifting at 0.87%. In the press release quoted Monday (2/9), Windhiarso Ponco Adi, Director of...
JAKARTA - PT Bank Commonwealth (BC) officially merges intoPT Bank OCBC NISP Tbk (NISP), effective after it obtains approval from the Board of Commissioners of Financial Services Authority (OJK) yesterday (1/9). Hartati, Director of NISP, confirmed that Bank Commonwealth will be a subsidiary post-transaction. “This merger is intended as an implementation of the company’s commitment...
Provident Investasi Bersama Tbk (PALM), an investment holding company, plans to issue Shelf-Registration Bond II Phase III Year 2024 with total principal of IDR 1.1 trillion. The bond is a part of a more extensive public offering program of Shelf-Registration Bond II of PALM with total target proceeds of IDR 5 trillion. Prior to this,...
SUMENEP - Starting from being a BRI loan customer, now Sunaie has successfully become a BRILink Agent and UMi partner who has helped many people around her escape from financial problems. Yes, this woman from Pragaan Daya Village, Pragaan District, Sumenep Regency had problems with funding when running her grocery store business. Despite having more...