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Saylor Promotes Bitcoin to US Lawmakers in Financial Services Committee Hearing

adiminMarch 1, 202505 mins

Saylor pushes for Bitcoin integration in U.S. financial policy, presenting a structured Digital Assets Framework.His proposal for a Strategic Bitcoin Reserve could reshape national treasury strategies and financial stability. House Financial Services Committee met with Michael Saylor, co-founder and executive chairman of MicroStrategy, to discuss strategic approaches to digital asset integration. Previously, CNF reported that...

Metaplanet Boosts Bitcoin Holdings with 2B Yen Bond Issuance

adiminMarch 1, 202504 mins

Metaplanet issued 2 billion yen in bonds to acquire more Bitcoin, reinforcing its commitment to digital asset accumulation.The company previously used stock options and bonds to expand its Bitcoin holdings, showing a long-term focus on crypto investment. Metaplanet Inc., a Japanese investment firm, recently announced the issuing of a zero-interest bond worth 2 billion yen...

Flour producer Raja Roti Cemerlang to debut in stock market, offering 291.5 million shares

adiminFebruary 28, 202502 mins

JAKARTA. PT Raja Roti Cemerlang Tbk (BRRC), a flour producer for bread production, will hold an Initial Public Offering (IPO). The number of BRRC shares to be offered in the IPO is 291.5 million shares or the equivalent of 30.01% of the total issued and paid-up capital. Each share has a nominal value of IDR...

Foreign sell volume reaches 4 billion shares, net foreign volume drops to -474 million shares

adiminFebruary 28, 202503 mins

JAKARTA - On Friday, December 20, the net foreign list began with foreign sell volume totaling 4.10 billion shares. However, the foreign buy volume was only 3.63 billion shares. As a result, net foreign volume dropped to -474.04 million shares. The sale of 1.78 billion shares of the digital corporation PT GoTo Gojek Tokopedia Tbk...

JCI returns to green zone, up 0.09% to 6,983.87

adiminFebruary 28, 202502 mins

JAKARTA - The Composite Stock Price Index (JCI) in todays trading closed in the green zone, up 0.39% or 6.63 points to 6,983.87. Previously, JCI had closed lower for 6 consecutive days since Thursday (12/12) last week. According to .com data, JCI had touched its highest point at 7,032.4 at around 15.00 WIB. Meanwhile, the...

JCI downtrend continues, -0.7% this afternoon

adiminFebruary 28, 202502 mins

JAKARTA – The Jakarta Composite Index (JCI) continued its downward trend, dropping by 0.7% or 49.86 points to close at 7,107.88 today, extending the decline that has persisted for the past four trading sessions. At the end of today’s (18/12) session, JCI was at its lowest point since the market opened. In the first session,...

Positive revenue trend, yet MDKA saw worsening loss

adiminFebruary 28, 202502 mins

JAKARTA – Despite PT Merdeka Copper Gold Tbk (MDKA) achieving revenue growth of 42.5% year-on-year (yoy) up to September 2024, its losses have widened significantly. According to the financial report released, MDKAs revenue for the first nine months (9M) of 2024 reached USD 1.67 billion, a substantial increase from USD 1.17 billion in the same...

U.S. Economy Unexpectedly Grows More Than Previously Estimated In Q3

adiminFebruary 28, 202503 mins

The Commerce Department released a report on Thursday showing the pace of U.S. economic growth unexpectedly surged by more than previously estimated in the third quarter. The report said gross domestic product shot up by 3.1 percent in the third quarter, reflecting an upward revision from the 2.8 percent jump previously reported. Economists had expected...

Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December

adiminFebruary 28, 202503 mins

Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists...

U.S. Existing Home Sales Spike To Eight-Month High In November

adiminFebruary 28, 202503 mins

After reporting a significant rebound by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing another substantial increase by existing home sales in the month of November. NAR said existing home sales spiked by 4.8 percent to an annual rate of 4.15 million in November...