Smartfren Telecom Tbk (FREN), one of the biggest telecommunication service providers in Indonesia, has signed a syndicated loan agreement with a subsidiary and several banks. James Wewengkang, Corporate Secretary of FREN, said that the subsidiary involved in this facility agreement is PT Smart Telecom (Smartel). The syndicate of banks that will provide financing facilities includes...
Triputra Agro Persada Tbk (TAPG), a palm and rubber plantation, has secured dividend income from one of its subsidiaries, PT Agro Multi Persada (AMP). Joni Tjeng, Corporate Secretary of TAPG, confirms that the interim dividend received from AMP reaches IDR 617.48 billion. Owning 94.93% of AMP, the company then receives interim dividend of a total...
BANDUNG – President Director of PT Metrodata Electronic Tbk (MTDL), Susanto Djaja, also notices the weakened purchase power of the masses. However, he reveals that there is one business line that could still record 13% growth this year. “It is undeniable that there has been a decrease in purchase power; we feel it, as well,”...
The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and its expected to open higher again on Wednesday. The global forecast for the Asian markets is mixed to higher, with support again expected...
Inflation data from the U.K. for the month of October due on Wednesday morning is expected to influence European market sentiment. The easing geopolitical tensions is likely to support sentiment whereas the Peoples Bank of Chinas decision to keep the rates unchanged is bound to pose a challenge. Annual inflation rate in the U.K. which...
The Peoples Bank of China left its benchmark lending rates unchanged on Wednesday as it monitor the impact of recent policy adjustments. The PBoC maintained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The bank had cut its both LPRs by...
UK consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December. The consumer price index rose 2.3 percent on a yearly basis, following Septembers 1.7 percent increase, which was the lowest since April 2021, the Office for National Statistics reported Wednesday....
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as the crude oil prices rose amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. West...
The cryptocurrency market in 2024 saw major milestones like Bitcoin and Ethereum ETF approvals and a surge in institutional adoption.Bitcoin reached an all-time high of $108,000, while ETFs attracted billions in inflows. The cryptocurrency market rallied in 2024 to become the second-highest trading volume of all time in a single year. November alone had $2.7...
Quantum computers remain decades away from threatening Bitcoin’s robust security protocols.Bitcoin’s decentralized design ensures it can adapt to future quantum computing challenges. Quantum computing has raised concerns in the cryptocurrency community, notably accusations that this upcoming technology could jeopardize Bitcoin’s security. But based on the Crypto Tips video “Will Quantum Computing Kill Bitcoin?” these worries...