Damai Sejahtera Abadi Tbk (UFOE) has reportedly opened its latest UFO Elektronika store in Malang, East Java. This is the 26th outlet established by UFOE. According to Poedji Harixon, President Director of UFOE, mentioned that this outlet expansion is in line with the company’s attempt to improve its performance in 2024. “We still see a...
German stocks eked out modest gains on Thursday, Treasury yields dipped, and the euro held steady above $1.10 as signs of slowing U.S. producer and consumer price inflation hinted at a potential Fed rate cut at the central banks September policy meeting. Investors shrugged off mixed economic activity data from China and eyed U.S. reports...
JAKARTA – PT Dian Swastatika Sentosa Tbk (DSSA) announces the issuance of Shelf-Registration Bond I of DSSA Phase III Year 2024 and Shelf-Registration Sukuk Mudharabah I of DSSA Phase III Year 2024, with total principal of IDR 2 trillion. Shelf-Registration Bond I of DSSA Phase III Year 2024 is offered with total principal of IDR...
The Australian dollar recovered from recent weakness against other major currencies in the late Asian session on Thursday, after data showed the Australias labor market strengthened in July amid strong job openings. Data from the Australian Bureau of Statistics showed that the total number of employed people increased by 58,238 in July, followed by prior...
Bakrie Telecom Tbk (BTEL), a telecommunication company under Bakrie Group, booked net profit of IDR 7.1 billion in the first half (H1) of 2024. It is in contrast with BTEL’s poor performance in the same period last year, in which the company saw a loss of IDR 12.98 billion. According to the recently released financial...
New York manufacturing activity edged slightly lower in the month of August, the Federal Reserve Bank of New York revealed in a report on Thursday. The New York Fed said its general business conditions index rose to a negative 4.7 in August from a negative 6.6 in July, but a negative reading still indicates contraction....
Lion Metal Works Tbk (LION), the company producing steel plates, reported a loss of IDR 1.59 billion in the first half (H1) of 2024. The loss got worsened 23.3% year-on-year (yoy) from the same period last year, in which LION’s loss only clocked up to IDR 1.29 billion. Seen from the top-line, LION’s sales in...
Shares of Cisco Systems Inc. were gaining around 8 percent in the pre-market activity on the Nasdaq after the technology conglomerate, in its fourth-quarter earnings call, announced a restructuring plan with around 7 percent cut in its global workforce. The move, which is expected to allow the firm to invest in key growth opportunities and...
JAKARTA – PT Cardig Aero Services Tbk (CASS), a holding company of airport handling services, reported double-digit growth in revenue to IDR 1.3 trillion in H1 2024. This surge boosted its net profit up by nearly 100% to IDR 347.2 billion. Based on the Financial Report of H1 2024 quoted today (16/8), CASS reported an...
The Federal Reserve released a report on Thursday showing industrial production in the U.S. fell by much more than expected in the month of July. The report said industrial production decreased by 0.6 percent in July after rising by a downwardly revised 0.3 percent in June. Economists had expected industrial production to dip by 0.3...