The Singapore stock market has finished lower in consecutive trading days, slumping more than 55 points or 1.5 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau and it may extend its losses on Thursday. The global forecast for the Asian markets is negative, with many of the overbought...
Members of the Bank of Japans Monetary Policy Board said that the country has largely recovered the financial stresses of the past few years, minutes from the central banks meeting on July 30-31 revealed on Thursday - and the economy is likely to continue to grow. Japans financial conditions have been accommodative, the minutes added....
The Taiwan stock market has moved higher in five straight sessions, collecting more than 1,100 points or 5 percent along the way. The Taiwan Stock Exchange now sits just above the 22,760-point plateau although investors figure to lock in gains on Thursday. The global forecast for the Asian markets is negative, with many of the...
The China stock market has tracked higher in six straight sessions, advancing more than 180 points or 7 percent along the way. The Shanghai Composite now sits just beneath the 2,900-point plateau although its overdue for profit taking on Thursday. The global forecast for the Asian markets is negative, with many of the overbought regional...
JAKARTA. Pemeringkat Efek Indonesia (Pefindo) has assigned an “idA” rating to General Obligations (GO) of PT Cimanggis Cibitung Tollways (CCT) and PT Buana Finance Tbk (BBLD). In its official statement, Pefindo said that the rating given to GO CCT reflects the strong economy in CCTs service area and strong operating cash flow visibility. However, Pefindo...
JAKARTA. PT Jaya Konstruksi Manggala Pratama Tbk (JKON) has provided a capital injection of IDR 7.51 billion for PT Wika Tirta Jaya Jatiluhur (WTJJ). CF Jopi Sulistio, Corporate Secretary of JKON, said that the capital injection was given by the company on September 2, 2024. The transaction has no material impact on operational activities, said...
JAKARTA - PT Green Power Battery (GPB), a subsidiary of PT Green Power Group Tbk (LABA), has secured a contract to procure electric vehicle battery packs worth a total of IDR 139 billion from PT Gotion Indonesia Materials (GIM). In an information disclosure quoted Monday (23/9), William Ong, President Director of LABA, said that GPB...
JAKARTA. The Indonesian government is considering adding 10% of the share ownership in PT Freeport Indonesia (PTFI). This was conveyed by President Joko Widodo (Jokowi), after inaugurating the PTFI smelter located in Gresik, East Java. According to Jokowi, this negotiation process requires a fairly long process. Previously when we took 51% [of PTFI shares], the...
JAKARTA - Foreign investors raised their stock selling activities on Tuesday, September 17, as shown by a foreign selling volume of approximately 5.45 billion shares. The sale of shares in the digital company PT GoTo Gojek Tokopedia Tbk (GOTO) was one of the largest contributors to this increase, with foreign investors selling 3.55 billion GOTOshares...
The Hong Kong stock market has climbed higher in consecutive trading days, surging more than 875 points or 4.5 percent along the way. The Hang Seng Index now sits just beneath the 19,130-point plateau although it figures to head south on Thursday. The global forecast for the Asian markets is negative, with many of the...