JAKARTA – PT Bank Tabungan Negara Tbk (BBTN) reveals its moderate target on credit distribution growth in 2024, at 10-11%. In fact, at the end of June 2024, BBTN had reported credit growth of 14.4% year-on-year (yoy). According to Nixon LP Napitupulu, President Director of BBTN, this moderate target is set following tight liquidity of...
JAKARTA – Jakarta Stock Price Composite Index (JCI) stopped at 7,597.88 at today’s (27/8) closing bell, lower than JCI’s opening position at 7,605.19 at 9 AM WIB. Monitoring the stock transaction, JCI was seen sluggish at 7,500-ish, slipping down from its starting position at the level of 7,600. The index shift was in contrast compared...
The Indonesia stock market has tracked higher in back-to-back sessions, gathering almost 120 points or 1.6 percent along the way. The Jakarta Composite Index now rests just above the 7,600-point plateau although it may see profit taking on Tuesday. The global forecast for the Asian markets is mixed to lower, with profit taking expected following...
The Thai stock market had tracked higher in five straight sessions, advancing more than 40 points or 3 percent along the way. The Stock Exchange of Thailand now sits just shy of the 1,365-point plateau although its due for consolidation on Tuesday. The global forecast for the Asian markets is mixed to lower, with profit...
Indian shares are seen opening on a cautious note Tuesday after expectations that global central banks would lower borrowing costs spurred a rotation out of technology heavyweight stocks into more economically sensitive sectors on Wall Street overnight. Investors now await quarterly earnings from artificial intelligence darling NVIDIA this week for more insights into whether the...
German consumer morale is set to weaken in September as the weakening economy, fears of job cuts and rising insolvencies weighed on both income and economic expectations. The forward-looking consumer sentiment index fell to -22.0 from -18.6 in August, the survey published jointly by the market research group GfK and the Nuremberg Institute for Market...
Apple Inc. has scheduled its upcoming launch event, titled Its Glowtime, on September 9. The event at Apple Park, California, US, which will be livestreamed on Apples website, is expected to launch iPhone 16 series and updates to other devices and apps. As per reports, invites have been sent for the in-person event, which is...
Indian shares ended a choppy session little changed on Tuesday, with risk sentiment dented to a degree by heightened geopolitical tensions in the Middle East. The risk of a wider conflict in the Middle East has lessened in the short term but Iran still poses a significant danger as it considers striking Israel, Americas top...
The British pound strengthened against other major currencies in the European session on Tuesday, as European stocks edged up slightly ahead of key U.S. inflation figures and earnings from AI darling Nvidia due later in the week. Declining possibility that the Bank of England (BoE) will lower interest rates in September, also led to the...
Drug giant Pfizer Inc. (PFE) announced Tuesday the introduction of PfizerForAll, a user-friendly digital platform designed to make access to healthcare and managing health and wellness more seamless for people across the U.S. The new, end-to-end experience will support the millions of Americans affected annually by common illnesses like migraine, COVID-19 or flu, and those...