A researcher has highlighted that Ethereum would have to decrease its issuance or increase its token burn to restore its status as “ultrasound money.”According to him, the much-anticipated Petra Upgrade would lead to significant growth in the short term and the realization of its long-term vision. Researcher Justin Drake has, in a comprehensive post, explained...
BlackRock’s expansion into Europe with a Swiss-based Bitcoin ETP marks a major step in global crypto adoption, building on its U.S. success.While the U.S. embraces crypto under Trump, European markets face tighter regulations, making BlackRock’s move into Switzerland a strategic play. Previously, Europe proposed a strategic Bitcoin reserve following Donald Trump’s U.S. election win and...
JAKARTA - On Friday, December 6, foreign buy volume was 2.76 billion shares, while foreign sell volume was 2.81 billion shares. This small discrepancy resulted in net foreign volume closing at -45.38 million shares. In the first top buy position, 151.94 million shares of the energy resources infrastructure companyPT Astrindo Nusantara Infrastruktur Tbk (BIPI)were purchased...
JAKARTA. Indonesia Stock Exchange (IDX) had modified the regulation regarding stocks tradable during pre-opening and pre-closing periods. With this change, stocks available for trading during pre-opening and pre-closing will not be limited to constituents of LQ45, but also stocks listed in the Main Board, New Economy Board, and Development Board. IDX authorities decide upon this...
JAKARTA -PT Saraswati Anugerah Makmur Tbk (SAMF)is confirming the stock split with 1:2 ratio to take place on February 5, 2025. This corporate action will be further decided alongside its shareholders on January 16, 2025. In the information disclosure quoted Monday (9/12), Theresia Yusufiani Rahayu, Director of SAMF, mentioned that the number of shares post-stock-split...
JAKARTA -PT Petrosea Tbk (PTRO) will allocate IDR 600 billion of the proceeds of Bond and Sukuk Ijarah offering worth IDR 1.5 trillion for material purchase. The bond and sukuk is offered starting from today (9/12) until tomorrow (10/12). As mentioned in the prospectus, the allocation of the proceeds is split into 40% for material...
JAKARTA -PT Integra Indocabinet Tbk (WOOD)partners withPT Ciputra Development Tbk (CTRA) to work on green housing project on its landbank located in Lingkar Timur Wedoro Klurak, Sidoarjo, East Java. The landbank utilisation is projected to bring a new revenue stream for WOOD aside from its existing business line in processed wood manufacture. Wang Sutrisno, Director...
The South Korea stock market has finished lower in four straight sessions, slumping almost 140 points or 5.6 percent along the way. The KOSPI now sits just above the 2,360-point plateau and its likely to take further damage again on Tuesday. The global forecast for the Asian markets is soft on weakness from the technology...
The Japanese stock market bounced higher again on Monday, one session after ending the four-day winning streak in which it had advanced almost 1,200 points or 3.2 percent. The Nikkei 225 now sits just above the 39,160-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is...
The Malaysia stock market has ticked lower in two straight sessions, slipping almost 5 points or 0.3 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau and it may extend its losses again on Tuesday. The global forecast for the Asian markets is soft on weakness from the...