JAKARTA - Bank Indonesia (BI), the administrator of Jakarta Interbank Offered Rate (JIBOR), will permanently terminate all publications of JIBOR starting January 1, 2026. Erwin Haryono, Assistant Governor of Department of Communications of BI, mentioned that the announcement of JIBOR termination date could hopefully shed a light for market players, driving them to utilise the...
JAKARTA -PT Sarana Menara Nusantara Tbk (TOWR) secured net profit in H1 2024 of IDR 1.60 trillion, up 9.40% year-on-year (yoy) from IDR 1.46 trillion seen in the same period last year. This increase was driven by revenue growth. Based on Financial Report of H1 2024 quoted today (30/9), TOWR has reportedly collected revenue of...
JAKARTA - PT Dima Investindo (DI) reportedly completed the acquisition of 55% of PT Miki Ojisan Indomitra (MOI) placed inPT Kurniamitra Duta Sentosa Tbk (KMDS) for IDR 184.8 billion last week (26/9). In the information disclosure quoted Monday (30/9), Hengky Wijaya, President Director of KMDS, said that the acquisition of 55% of the shares will...
JAKARTA – Jakarta Stock Price Composite Indes (JCI) was corrected to 7,590 until the morning session was closed at 12 PM WIB today (30/9). The index shift brought it lower than the opening position recorded at 9 AM WIB. Monitoring the index today, JCI was seen weakening since the starting line until the closing of...
French stocks fell sharply on Tuesday amid lingering Middle East concerns and reduced expectations of Federal Reserve interest-rate cuts. Meanwhile, Frances trade deficit increased in August from a year ago as imports grew faster than exports, data released by the customs office showed today. The trade deficit rose to EUR 7.4 billion in August from...
U.K. stocks traded lower on Tuesday after a highly anticipated press conference by Chinas National Development and Reform Commission disappointed those hoping for more stimulus. Rising borrowing costs in the U.K. in recent days also spelled trouble for the government, which is set to unveil its budget at the end of the month. The yield...
European stocks dropped to two-week lows on Tuesday as Middle East worries persisted and Chinas state planner announced no new plans for major stimulus. Traders ignored positive data that showed German industrial production expanded more than expected in August after falling in the previous month. Data from Destatis revealed that German industrial output grew 2.9...
Indian shares rose notably on Tuesday as oil prices fell from recent highs and the BJP overtook opposition Indian National Congress during the second phase of counting in Haryana, holding a lead with 50 seats compared to the Congress 35. Oil prices were down nearly 2 percent in European trade as Chinas National Development and...
With the index futures climbing higher after moving along the flat line, U.S. stocks look headed for a positive start Tuesday morning. The focus is on earnings, and a slew of economic data including reports on consumer price and producer price inflation, due later in the week. The Dow futures is up 0.15 percent, the...
The Canadian market is likely to open on a weak note Tuesday morning as lower crude oil prices may weigh on energy stocks. Movements are likely to be a bit volatile with investors looking for directional clues. Geopolitical news will remain in focus, and investors are also likely to closely monitor the movement of Hurricane...