JAKARTA - Sugiman Halim, an independent investor, made the decision to simultaneously invest in two issuers on Friday, November 15. He now owns 6.09% of the shares in PT Newport Marine Services Tbk (BOAT), a business that rents out offshore vessels. Around 213.39 million BOAT shares were purportedly purchasedvia PT BRI Danareksa Sekuritas. Additionally, through...
JAKARTA – Shareholders of PT TBS Energi Utama Tbk (TOBA) agreed upon the plan to restructure its subsidiaries, PT Toba Bara Energi (TBE), PT Gorontalo Listrik Perdana (GLP), dan PT Minahasa Cahaya Lestari (MCL). In the minutes of General Meeting of Independent Shareholders (GMIS) quoted Tuesday (19/11), TOBA is said to divest all shares and...
MD Entertainment Tbk (FILM) has provided guarantee in the form of deposit for loan facilities received by its subsidiaries. The deposit balance in question is worth IDR 28.5 billion. This deposit guarantee is given to PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) as the creditor. Some of the subsidiaries that receive these loan facilities include...
JAKARTA – PT Indika Energy Tbk (INDY) is still grappling with challenges in its non-coal business diversification as of the first nine months (9M) of 2024. The divestment of PT Multi Tambang Jaya Utama (MUTU) and a decline in coal prices have caused INDY’s revenue to drop 22.4% year-on-year (yoy) in 9M 2024. As part...
The Canadian is up firmly in positive territory Thursday afternoon, and looks well on course to end the session on a buoyant note with stocks from technology, energy, industrials and financials sectors continuing to attract strong buying. The benchmark S&P/TSX Composite Index is up 340.82 points or 1.36% at 25,377.28. Celestica Inc (CLS.TO) is up...
After struggling for direction during the European session and early part of the New York session on Thursday, the U.S. dollar climbed higher, scoring gains against most of its major counterparts. Persisting geopolitical tensions pushed up the demand for the safe-haven dollar. The dollars initial weakness was due to dovish comments from New York Fed...
Canadian stocks kept moving higher and higher on Thursday after a marginally positive start, thanks to investors indulging in some hectic buying across the board, after the government unveiled a mini stimulus package to help cash-strapped households struggling under higher debt payments. The measures announced by the government will cost the Canadian treasury an estimated...
Modestly higher GIFT Nifty futures point to a positive start for the Indian stock market on Friday. Some bargain hunting is likely as well at several counters after the setback in the previous session. However, the undertone is likely to remain cautious following the indictment of Adani Group founder Gautam Adani and a few other...
Stock markets in Europe are expected to rise on Friday tracking the rally in Wall Street and the strong gains in Asian markets. Economic data updates from the region as well as the lingering geopolitical concerns are however seen swaying market sentiment. Wall Street had closed on a positive note on Thursday as markets digested...
Regulators have allegedly used indirect pressure tactics to stifle the crypto industry’s access to financial services, highlighting systemic challenges.Coinbase’s legal battle against Tornado Cash sanctions sets a precedent for protecting innovation in the decentralized technology space. In a recent talk on Anthony Pompliano’s channel, Coinbase’s Chief Legal Officer, Paul Grewal, went in-depth about the combative...