The Indonesia stock market has tracked higher in three straight sessions, climbing more than 140 points or 1.9 percent along the way. The Jakarta Composite Index now rests just above the 7,625-point plateau although investors may lock in gains on Wednesday. The global forecast for the Asian markets is negative thanks to a combination of...
The Thai stock market on Tuesday ended the four-day winning streak in which it had improved almost 20 points or 1.4 percent. The Stock Exchange of Thailand now rests just above the 1,465-point plateau and the losses may accelerate on Wednesday. The global forecast for the Asian markets is negative thanks to a combination of...
Pelayaran Tamarin Samudra Tbk (TAMU), an oil and gas supporting service provider, has divested 1 unit of vessel to PT Pertamina Trans Kontinental. Edi Purwanto, Director of TAMU, said that the unit divested to the subsidiary of PT Pertamina (Persero) is Accomodation Work Barge (AWB) Petroleum Superior. “The selling price in the transaction agreed by...
Rig Tenders Indonesia Tbk (RIGS), through one of its subsidiaries, PT Batuah Abadi Lines (PTBAL), has secured a new additional vessel to its fleet. Kartika Hadi, President Director of RIGS, mentioned that PTBAL is the party that acquires the asset, in the form of a vessel titled Tug Boat PEC 2416. The acquisition is led...
JAKARTA -PT BPD Jawa Timur Tbk (BJTM) will acquire 476.19 million shares of the issued and paid-up capital of PT BPD Banten Tbk (BEKS). The shareholders have agreed upon the investment of IDR 10 billion in BEKS. Edi Masrianto, Director of Finance, Treasury, and Global Services of BJTM, confirmed that the company and BEKS will...
JAKARTA – At the opening bell of today’s (7/10) trading session, Jakarta Stock Price Composite Index (JCI) plummeted to 7,460.60. Until 11 AM WIB, it remained idle at 7,495.56. Monitoring the board this morning, the index briefly shot up to 7,505.55. However, it took a tumble and rebounded at 10.05 AM WIB. The index was...
JAKARTA. The amount of venture capital funding in the global market reached USD 66.5 billion in the third quarter (Q3) of 2024, slowing down 16% quarter-to-quarter (qoq), or down 15% year-on-year (yoy). According to the report of Crunchbase, the company that collects information regarding global venture investment, late-stage funding dominated with USD 31.6 billion in...
The Malaysia stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had picked up almost 6 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,635-point plateau although it figures to rebound on Monday. The global forecast...
The U.S. dollar firmed up during the week ended October 11 amidst a weakening in expectations regarding the Feds monetary easing plans. Concerns about inflation and premature easing contained in the recent FOMC minutes as well as the lesser-than-expected progress on the inflation front helped the U.S. Dollar record gains against the euro, the British...
Elon Musks spacecraft maker SpaceX, in its fifth Starship test flight, made history on Sunday after returning the first stage booster back to its launch pad in Texas, where it was caught using mechanical arms called Mechazilla. The move is expected to boost the companys efforts to build a reusable moon and Mars vehicle. Responding...