JAKARTA – Indonesias foreign exchange reserves grew by 3.66% in December 2024 to USD 155.7 billion compared to USD 150.2 billion in November 2024. Ramdan Denny Prakoso, Executive Director of Communication Department of Bank Indonesia (BI), explained that the increase in reserves was driven by tax and service revenue, government foreign loan withdrawals, as well...
JAKARTA – PT Hero Global Investment Tbk (HGII) is targeting a threefold increase in revenue and net profit in 2025. Hugo Feber Parluhutan Silalahi, HGIIs Finance Director, stated in a post-IPO press conference on Thursday (9/1) that the company aims for revenue of IDR 95 billion and a net profit of IDR 35 billion in...
JAKARTA – On Tuesday, January 7, the acquisition of 36.22 million SCMA shares by its controller, PT Elang Mahkota Teknologi Tbk, marked the start of market hints or share purchase operations by investors holding 5% or more shares. The subsequent acquisition of 2.45 million shares of PT Batulicin Nusantara Maritim Tbk (BESS), an issuer involved...
JAKARTA - PT Raharja Energi Cepu (REC), shareholder of PT Petrogas Jatim Utama Cendana (PJUC), provides cash-on-call facility of USD 6.90 million for the development of Cepu Block, East Java. According to information disclosure quoted Thursday (9/1), Sumantri, Director of PT Rukun Raharja Tbk (RAJA), confirmed that the transaction is aimed for its business development...
The services sector in Japan continued to expand in December, and at a faster rate, the latest survey from Jibun Bank revealed on Monday with a services PMI score of 50.9. Thats up from 50.5 in November, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Total new work...
The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.5. Thats down from 53.9 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Business activity expanded at...
The private sector in Singapore continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.1. Thats down from 51.2 in November, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Incoming new orders rose...
The China stock market has finished lower in three straight sessions, plummeting almost 200 points or 6 percent in that span. The Shanghai Composite Index now sits just above the 3,210-point plateau although its due for support on Monday. The global forecast for the Asian markets is upbeat, with support expected from the technology and...
The Indonesia stock market has moved higher in three straight sessions, collecting almost 130 points or 1.8 percent along the way. The Jakarta Composite Index now sits just above the 7,160-point plateau and its expected to open to the upside again on Monday. The global forecast for the Asian markets is upbeat, with support expected...
The Thai stock market on Friday snapped the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,385-point plateau and its expected to open higher again on Monday. The global forecast for the Asian markets is upbeat, with support expected...