JAKARTA – The Indonesian government has set a tobacco excise target of Rp230.09 trillion for 2025, marking a 6.5% reduction from this years target. This adjustment is outlined in Presidential Regulation (Perpres) No. 201/2024, regarding the Detail of 2025 State Budget (APBN), which was enacted late last week. Notably, the government has no plans to...
JAKARTA - PT Bali Media Telekomunikasi (BMT) is known to have raised its portion by 4.79% to 41.17% inPT Smartfren Telecom Tbk (FREN). However, this investment has yet to boost FREN’s stock performance since the transaction was concluded two weeks ago. Based on IDNFinancials data, Thursday (5/12), BMT previously claimed 173.39 billion shares of FREN,...
JAKARTA – Now targeting B2B segment, PT Bank Amar Indonesia Tbk (AMAR) has officially launched its Embedded Banking service today (5/12) to support the scaling of micro, small, and medium enterprises (MSMEs). Embedded banking itself refers to banking technology integrated within non-banking platforms, thus allowing users to access financial services, such as account opening and...
The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, after a data showed that the nations service sector growth slowed more than anticipated in the month of November. Data from the Institute for Supply Management showed that the services PMI fell to 52.1 in November from 56.0 in October....
Retail giant Walmart Inc. has recalled Marketside branded Fresh Cut Cucumber Slices possibly made with recalled whole cucumbers supplied by SunFed Produce, LLC due to the potential for Salmonella contamination, according to the U.S. Food and Administration. The Marketside Fresh Cut Cucumber Slices, produced in select stores, were available at 34 Walmart stores located in...
Asian stocks ended mixed on Thursday as traders took stock of the political crises in France and South Korea as well as comments by Federal Reserve Chair Jerome Powell indicating that the U.S. central bank will cut rates again when it meets later this month. Chinese shares ended on a firm note as investors awaited...
German stocks edged up slightly on Thursday after data showed factory orders fell less than expected in October after an upwardly revised surge the previous month. Destatis reported that factory orders fell 1.5 percent month-on-month after the revised 7.2 percent jump reported in September. Analysts had expected orders to fall by 2 percent. Industrial orders...
Manufacturing new orders in Germany declined at a slower than expected pace in October amid a slump in domestic demand, while the gain for September was revised up significantly due to a big order in the shipbuilding industry, preliminary data from the statistical office Destatis showed Thursday. Orders shrunk a seasonally and calendar-adjusted 1.5 percent...
French stocks advanced on Thursday as President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes him the shortest serving prime minister in modern French history. It is likely that the...
European stocks hovered near one-month highs on Thursday as President Emmanuel Macron seeks a way out of Frances political crisis. Prime Minister Michel Barnier is expected to resign later today after being ousted in a no-confidence vote over a budget dispute. That makes him the shortest serving prime minister in modern French history. It is...