JAKARTA – PT Bank IBK Indonesia Tbk (AGRS) posted a 9.75% increase in net profit for Q3-2024 compared to the same period last year, reaching IDR 170.02 billion. Meanwhile, net interest income grew by 15.78%, contributing to an increase in the net interest margin (NIM) from 2.76% to 3.10%. “For the end of 2024, we...
JAKARTA – PT Goto Gojek Tokopedia Tbk (GOTO) has maintained its position at the top of net foreign transactions as of the close of trading on Tuesday (10/12). Yesterday (9/12), GOTO also led the market in net foreign activity. According to data compiled by IDN Financials, GOTO recorded 1.88 billion foreign buys and 1.64 billion...
JAKARTA – The pricePT Chitose Internasional Tbk (CINT)saw 34% increase as of this afternoon (11/12). This price surge temporarily puts CINT at the top of gainers list in Indonesia Stock Exchange (IDX). Based on data compiled by IDNFinancials, CINT arrived at IDR 240 at 11 AM WIB, up IDR 61 from its opening position at...
JAKARTA. Oversea-Chinese Banking Corporation (OCBC) and CIMB Group Holdings Bhd are joining the competition to be the controlling shareholder of PT Bank Pan Indonesia Tbk (PNBN)or Bank Panin, according to 3 insiders quoted by Reuters. In its latest findings, 2 out of these 3 sources mentioned that OCBC and CIMB have submitted non-binding offerings to...
The Swiss franc weakened against other major currencies in the Asian session on Wednesday, as traders speculate that the central bank is likely to reduce its borrowing costs in the policy meeting due Thursday. The policy board of the Swiss National Bank (SNB) governed by Thomas J. Jordan is expected to lower the rate by...
The Asian Development Bank downgraded its growth outlook for developing Asia and cautioned that rapid shifts in US policies could dent economic growth and boost inflation. In the latest report released Wednesday, the ADB trimmed the growth forecast for developing Asia to 4.9 percent from 5.0 percent this year. Similarly, the projection for 2025 was...
Asian stocks turned in a mixed performance on Wednesday as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserves interest -rate decision next week. Currently, markets are pricing in an 85 percent chance of a quarter-point cut. Investors also braced for Chinas two-day Central Economic Work Conference...
The Indian rupee weakened against the U.S. dollar in the Asian session on Wednesday, as traders speculate that the Reserve Bank of India (RBI) is likely to intervene in the foreign exchange to limit the significant weakening of the rupee. Traders increased their bets on interest rate reduction after career bureaucrat Sanjay Malhotra was named...
German stocks held steady on Wednesday as investors braced for the release of U.S. inflation data and a European Central Bank policy meeting. The benchmark DAX was up 10 points at 20,340 after finishing marginally lower the previous day. Energy group Siemens Energy tumbled 3 percent after U.S. rival GE Vernova sounded cautious about the...
French stocks were subdued on Wednesday as traders awaited key U.S. CPI data due later in the day that could influence the Federal Reserves interest -rate decision next week. The report is expected to show U.S. consumer prices rose by 0.2 percent for the fifth straight month in November. The annual rate of consumer price...