Bitcoin’s price is closely tied to U.S. macroeconomic data, and this week’s key economic releases could significantly impact market sentiment and price movements.Strong employment data and Jerome Powell’s hawkish stance may lead to selling pressure on Bitcoin due to expectations for higher interest rates. Bitcoin has kicked off the week on a positive note, rebounding...
The Ministry of Finance (MoF) and the State Bank of Vietnam have been instructed to produce a regulation framework to guide the operation of digital assets. The country’s proposal to allow crypto transactions in financial centers from July 2026 has been requested to be held till a comprehensive regulatory framework is drafted. The Prime Minister of...
JAKARTA. The Composite Stock Price Index (JCI) showed an increase of 1.22% or 85.13 points to 7,068.99 in the first trading session today. Previously, the JCI opened at 6,983.87 this morning. The highest position of JCI in the first session touched 7,095.91 and the lowest at the opening. The volume of shares traded was recorded...
JAKARTA - PT Mulia Boga Raya Tbk (KEJU), a processed food producer known for its Prochiz brand, will distribute bonus shares worth IDR 206.25 billion. Peter Wiradjaja, Corporate Secretary of KEJU, said that the plan had been approved by the companys Extraordinary General Meeting of Shareholders (EGMS) held last week. KEJUs bonus share distribution ratio...
Jakarta - PT Estika Tata Tiara Tbk (BEEF) recorded a surge in revenue throughout September 2024. The companys total revenue reached IDR 2.64 trillion, a drastic increase compared to the same period last year which only reached IDR 383.6 billion or equivalent to 589%. This surge was driven by a large contribution from the companys...
Jakarta - PT ESSA Industries Indonesia Tbk (ESSA) has officially established a new subsidiary called PT ESSA Sustainable Indonesia (ESI). ESSA Sr Legal and Corporate Secretary Manager, Shinta DU Siringoringo, in a written statement on Monday (23/12) said that ESI is engaged in other management consulting activities with an issued and paid-up capital of 10,001...
JAKARTA - PT MNC Land Tbk (KPIG) has disposed of its assets worth IDR 5.5 trillion in Bali to fund the Bali subway project. The assets were sold to PT Bumi Indah Permai (BIP). The transaction is targeted to be completed by January 2025. Later, BIP will use the assets for the construction of the...
The U.S. Department of Agricultures Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralphs Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a...
New orders for U.S. manufactured durable goods slumped by much more than expected in the month of November, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in November after climbing by an upwardly revised 0.8 percent in October. Economists had expected durable...
Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December, according to a report released by the Conference Board on Monday. The Conference Board said its consumer confidence index tumbled to 104.7 in December from an upwardly revised 112.8 in November. The pullback surprised economists, who had expected the consumer confidence index...