The European Central Bank can continue lowering interest rates if there is increased confidence among policymakers that inflation is slowing, ECB Governing Council member and Bank of Finland governor Olli Rehn said Wednesday. More rate cuts cannot hurt the fragile economic growth and the subdued investment, especially in industry, Rehn said in a speech in...
The Switzerland market ended on an upbeat note on Wednesday as investors tracked positive cues from global markets and kept picking up stocks right through the days session. Slightly easing fears of a U.S. recession, and comment from the Bank of Japans Deputy Governor that the central bank wont raise interest rates when financial markets...
The Thai stock market on Wednesday wrote a finish to the three-day slide in which it had slumped almost 50 points or 3.7 percent. The Stock Exchange of Thailand now rests just above the 1,290-point plateau although it may head south again on Thursday. The global forecast for the Asian markets is mixed to lower...
Indian shares opened lower on Thursday, tracking weak cues from global markets and ahead of the RBIs interest-rate decision later in the day. The central bank is likely to maintain the current rate of 6.5 percent due to persistent inflation and liquidity concerns. The benchmark S&P/BSE Sensex was down 293 points, or 0.4 percent, at...
European stocks may open on a sluggish note Thursday as investors await more U.S. economic data and comments from Federal Reserve officials for additional clues on whether the Fed is behind the curve on inflation and interest rates. After recent soft monthly payrolls data, weekly jobless claims numbers due later in the day may offer...
JAKARTA – The revenue ofPT Bank Maybank Indonesia Tbk (BNII)slowed down, triggering a decline of its net profit in H1 2024 compared to H1 2023. The revenue and profit both shrank 2.60% and 86.61% year-on-year (yoy), respectively. In the Financial Report of H1 2024 quoted Thursday (8/8), net interest and sharia income slipped to IDR...
Surya Citra Media Tbk (SCMA), the media company managing SCTV and Indosiar television channels, reported net profit of IDR 327.7 billion in the first half (H1) of 2024. Said profit record increases 372% year-on-year (yoy) from the same period last year, in which SCMA only booked net profit of IDR 69.6 billion. Advertising business still...
JAKARTA – The ratio of loan instalment of Indonesians reportedly increased in July 2024, as seen on Consumer Survey of Bank Indonesia (BI) published today (8/8). In the meantime, saving-to-income ratio slipped to 15.5% from 16.5%. For respondents under expenditure category of over IDR 5 million per month, the loan-instalment-to-income ratio increased 17.8% in July...
The Philippine economy posted the fastest growth in more than a year in the second quarter underpinned by government spending and investment. Gross domestic product grew 6.3 percent year-on-year after expanding by revised 5.8 percent in the first quarter, the Philippine Statistics Authority said Thursday. This was the strongest growth since the first quarter of...
JAKARTA – Aiming to drive collaborative adoption of Islamic financial principles in digital innovations and current global challenges, Menara Syariah and INCEIF University presents a two-day event of the 1st Menara Syariah & INCEIF University Symposium (MSIUS) 2024 from August 8 to 9, 2024. The symposium invites experts, academician, and globally renown practitioners in their...