JAKARTA — On Friday, December 13, 400 million shares ofPT Citra Marga Nusaphala Persada Tbk (CMNP), an infrastructure development company, were acquired by BP2S SG/BNP Paribas Singapore Branch Wealth Management. With a stake of 58.92%, this investor was alreadythe majority shareholder; however, its most recent acquisition through PT Bank HSBC Indonesiaraised its ownership by nearly60%....
JAKARTA - The Central Statistics Agency (BPS) recorded that the trade balance surplus fell 14.12% to US$28.85 billion during January-November 2024 compared to the same period in 2023 of US$33.60 billion. This was influenced by an increase in the oil and gas trade balance deficit of 3.45% and a decrease in the non-oil and gas...
JAKARTA - PT Bumi Serpong Damai Tbk (BSDE) made a tender offer for 382.01 million shares or the equivalent of 8.01% of the paid up and issued capital of PT Suryamas Dutamakmur Tbk (SMDM) 4.77 billion. With an offering price of IDR 531 per share, the transaction value reaches IDR 202.85 billion. In the short...
JAKARTA - Pemberton Asian Opportunities Fund (PAOF) is known to have increased its share portion by 1.33% to 6.29% from the previous 4.96% in PT Sarimelati Kencana Tbk (PZZA), the manager of Pizza Hut outlets, in a transaction last week (12/12 ). This investor is known as an investment company with a Singapore legal entity....
The Taiwan stock market headed south again on Friday, one session after ending the two-day slide in which it had fallen almost 360 points or 1.5 percent. The Taiwan Stock Exchange now rests just above the 23,020-point plateau and its likely to remain in that neighborhood again on Monday. The global forecast for the Asian...
The China stock market on Friday halted the three-day winning streak in which it had advanced nearly 60 points or 1.8 percent. The Shanghai Composite now sits just above the 3,390-point plateau although its expected to be rangebound on Monday. The global forecast for the Asian markets suggests little movement ahead of the FOMC meeting...
The manufacturing sector in Japan continued to contract in December, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.5. Thats up from 49.0 in November, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. New orders continued to...
The Hong Kong stock market turned lower again on Friday, one day after ending the two-day losing streak in which it had slumped more than 250 points or 1.2 percent. The Hang Seng Index now sits just above the 19,970-point plateau although it may bounce higher again on Monday. The global forecast for the Asian...
The Indonesia stock market has tracked lower in back-to-back sessions, giving up nearly 140 points or 1.9 percent along the way. The Jakarta Composite Index now sits just beneath the 7,325-point plateau and it figures to remain stuck in neutral again on Monday. The global forecast for the Asian markets suggests little movement ahead of...
Indian shares look set to open on a muted note Monday after seeing much volatility in the previous session. Foreign institutional investors (FII) bought shares worth Rs 2,335.32 crore on a net basis on December 13, while domestic institutional investors (DII) sold shares to the extent of Rs 732.20 crore, according to the provisional data...