President Donald Trump has announced that the country’s strategic crypto reserve will include Bitcoin, Ethereum, XRP, Solana, Cardano, and other significant cryptocurrencies.Including XRP in the reserve has ignited a debate between Bitcoin and XRP supporters, as industry experts emphasize the fundamental differences in their philosophies. U.S. President Donald Trump has announced on Truth Social the...
Yakovenko dismisses Bitcoin’s value, viewing it as crisis insurance rather than an investment.Bitcoin’s market position remains debated, with gold outperforming BTC since Trump took office. After previously suggesting that Bitcoin might transition to a hybrid proof-of-stake model as its role in national reserves grows, Solana co-founder Anatoly Yakovenko has now sparked debate by asserting that...
JAKARTA - PT Samcro Hyosung Adilestari Tbk (ACRO), a hook and loop (velcro) trading company that debuted on the stock exchange earlier this year, will distribute an interim dividend of IDR 7.59 billion. Chung Tae Sung, President Director of ACRO, said that the plan was a decision of the board of directors, which was approved...
JAKARTA - Foreign investor CGS International Securities Singapore Pte Ltd boosted its stake in PT Astrindo Nusantara Infrastruktur Tbk (BIPI), an energy infrastructure business, by 147.23 million shares on Thursday, December 19. The investors share amount went up slightly from 16.15% to 16.38%. The same investor also made the decision to cut the number of...
Jakarta - The Indonesia Stock Exchange (IDX) announced that it will delist 8 listed companies in 2025. The exchange will delist the company on July 21, 2025 because of bankruptcy. The eight issuers have time to submit share buyback information disclosure until January 18, 2025. The buyback implementation period as regulated by the stock exchange...
Jakarta - PT Waskita Beton Precast Tbk (WSBP) plans a capital expenditure (capex) of IDR 50 billion in 2025. This value increased by 20 billion (60%) compared to the realization of capex in 2024. According to WSBPs Director of Finance, Risk Management & Legal, Fathul Anwar, the capex funds will be used to repair precast...
JAKARTA - On Monday, December 23, foreign transactions were slightly different, with net foreign volume closing at -33.03 million shares. The figure was generated from the difference between foreign buy volume (2.97 billion shares) and foreign sell volume (3.01 million shares). On the top sell list, the most sold shares belonged to the digital company...
The Taiwan stock market on Monday ended the two-day losing streak in which it had retreated more than 650 points or 2.8 percent. The Taiwan Stock Exchange now rests just above the 23,100-point plateau and its got a solid lead again for Tuesdays trade. The global forecast for the Asian markets is upbeat, with technology...
Members of the Reserve Bank of Australias Monetary Policy Board said that the countrys gross domestic product continues to be subdued and is softer than expected, minutes from the central banks December 9-10 meeting revealed on Tuesday. Inflation remains a concern, the minutes showed, as underlying consumer prices are still too high, the board members...
The China stock market has ticked lower in three straight sessions, slipping more than 30 points or 0.9 percent along the way. The Shanghai Composite Index now rests just above the 3,350-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat, with technology stocks expected to...