After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous weeks revised...
The Malaysia stock market has moved lower in four straight sessions, slipping almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,630-point plateau although its due for support on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the...
JAKARTA - Ferry Teja, an individual investor, acquired a 5.9% stake in PT Fimperkasa Utama Tbk (FIMP), a general construction company, on Monday, October 14. He acquired 23.59 million FIMP shares through PT Trust Sekuritas and PT Mirae Asset Sekuritas Indonesia, resulting in this ownership. Herry Wibowo also increased his FIMP share collection by 13,000,...
The Singapore stock market has moved higher in two straight sessions, gathering almost 20 points or 0.6 percent along the way. The Straits Times Index now sits just above the 3,600-point plateau and it may add to its winnings on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by...
JAKARTA. PT Kalbe Farma Tbk (KLBF), an issuer operating in the pharmaceutical sector, has inaugurated the construction of a radioisotope factory, which produces Fludeoxyglucose (FGD) for early detection of cancer. Maria Teresa Fabiola, Corporate Secretary of KLBF, said that the factory is under the companys subsidiary, namely PT Global Onkolab Farma (GOF). The existence of...
The Taiwan stock market has moved lower in three straight sessions, shedding almost 350 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just beneath the 23,200-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets is mixed to higher, likely driven by the...
JAKARTA. PT Link Net Tbk (LINK), a telecommunications services company controlled by Axiata Group, has signed a credit facility agreement with Deutsche Bank AG. Rininta Agustina Widya Pratika, Corporate Secretary of LINK, said that with this agreement, the company obtained additional credit facilities of IDR 1 trillion. So the total credit facility [from Deutsche Bank]...
JAKARTA. PT Global Digital Niaga Tbk (BELI), the issuer of the Djarum Group which oversees Blibli.com, will carry out additional capital without granting pre-emptive rights (PMTHMETD) or private placement by issuing 4.9 billion new shares. The number of shares to be issued by BELI is equivalent to 4.14% of the issued and fully paid capital....
JAKARTA - On Wednesday, October 9, PT Elang Mahkota Teknologi Tbk, or EMTEK, purchased 10.36% of the shares of PT Bukalapak.com Tbk (BUKA). The media company became a new investor by purchasing 10.68 billion BUKA shares through PT Sucor Sekuritas and two additional securities. Bukalapak.com, in itself, is one of the most popular online shopping...
JAKARTA - On Thursday, October 10, share sales transactions generated a foreign sales volume of 3.53 billion shares. Meanwhile, foreign buying volume was in the range of 2.94 billion shares, and net foreign volume closed at -591.74 million shares. The digital company PT GoTo Gojek Tokopedia Tbk (GOTO) had the most shares sold, totalling approximately...