JAKARTA – Following the decision by Bank Indonesias Board of Governors to maintain the BI rate at 6.00% yesterday (20/11), the Rupiah has slumped against the US Dollar, dropping to Rp15,945 as of 10.30 AM WIB today (21/11). In just two months, the Rupiah has depreciated by 5.3%, or more than 500 basis points, from...
JAKARTA. PT Sunindo Pratama Tbk (SUNI) and its subsidiary, PT Rainbow Tubulars Manufacture (RTM), has signed a credit agreement with PT Bank UOB Indonesia. In said agreement, SUNI is said to obtain an Omnibus LC/SKBDN facility worth IDR 25 billion, consisting of several sublimit with Trust Receipt (TR) of IDR 25 billion, Clean Trust Receipt...
JAKARTA. Shareholders ofPT Lippo Cikarang Tbk (LPCK) has approved the plan of rights issue of 3 billion shares, despite its profit slowing down in the first half (H1) of 2024. During Extraordinary General Meeting of Shareholders (EGMS) held on November 19, 2024, the shareholders agreed upon the issuance of LPCK’s new shares worth IDR 500...
JAKARTA – Current account deficit was reported at USD 2.15 billion in Q3 2024, increasing 86% year-on-year (yoy) from USD 1.15 billion. Based on Balance of Payment (BOP) of Bank Indonesia (BI) data quoted Thursday (21/11), this year-on-year increase in current account deficit resulted from lower surplus in goods to USD 9.28 billion from USD...
The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange recorded a decline on Friday amidst weaker-than-expected economic data. Sentiment was weakened amidst concerns about the bleak economic outlook for Germany as well as Europe. The HCOB Flash Germany Manufacturing PMI which was seen steady at 43...
Indian stocks rallied sharply and lifted the benchmark indices Sensex and the Nifty50 to a buoyant close on Friday, a day after suffering a setback following the indictment of Adani Group founder Gautam Adani and a few top executives by U.S. Securities Exchange Commission in an alleged bribery case. Exit polls indicating a victory for...
Frances private sector contracted the most since January as prolonged weakness in demand damped expectations, flash survey results from S&P Global showed on Friday. The flash HCOB composite output index fell markedly to 44.8 in November from 48.1 in October. This was the third monthly fall in private sector output and the score signaled the...
Renewed concerns about economic activity and growth in France as well as the wider Euro Area dragged down the CAC 40 benchmark below the levels at close on Thursday. HCOB PMI readings recorded unexpected declines and slipped deeper into the contraction territory. Manufacturing PMI which was seen steady at 44.5 unexpectedly declined to 43.2. Services...
The Malaysia stock market on Friday ended the three-day losing streak in which it had fallen more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and it may up steam on Monday. The global forecast is positive, supported by increasing oil prices. The European and...
New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday. That follows the downwardly revised NZ$2.154 billion shortfall in September (originally NZ$2.108 billion). Exports were up 7.5 percent on year to NZ$5.77 billion in October, after showing a downwardly revised NZ$4.91 billion in the previous month (originally...