JAKARTA – Honour Accord Limited (HAL) is set to acquire 80% of PT Aesler Grup International Tbk (RONY) from its two major shareholders, PT Nakula Investama Indonesia (NII) and PT Karimun Jawa Pratama (KJP). Amidst this plan, however, Indonesia Stock Exchange (IDX) authorities have temporarily suspended trading of RONY shares. In a press release issued...
JAKARTA – Modalku Group, a peer-to-peer (P2P) lending platform, has secured an investment of USD 25 million from Cool Japan Fund (CJF), equivalent to IDR 398 billion with an exchange rate of IDR 15,599 per USD 1. Kelvin Teo, Co-founder and Group CEO of Funding Societies | Modalku, expressed optimism that the digital financial services...
JAKARTA – PT Trans Bahtera Pioneer (TBP) will invest IDR 200 billion to purchase six sets of tugboats and barges. This plan is set to be realized within the first year following the joint venture agreement signed between PT Resources Alam Indonesia Tbk (KKGI) and PT Trans Power Marine Tbk (TPMA) on December 18, 2024....
The South Korea stock market headed south again on Thursday, one day after snapping the two-day slide in which it had retreated almost 40 points or 1.4 percent. The KOSPI now rests just above the 2,435-point plateau and it may tick lower again on Friday. The global forecast for the Asian markets remains murky on...
The Japanese stock market has finished lower in five straight sessions, declining more than 1,050 points or 2.7 percent in that span. The Nikkei 225 now rests just above the 38,800-point plateau although it may stop the bleeding on Friday. The global forecast for the Asian markets remains murky on concerns over the outlook for...
The Malaysia stock market has ticked higher in two straight sessions, collecting more than 3 points or 0.2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may spin its wheels on Friday. The global forecast for the Asian markets remains murky on concerns over the...
The Singapore stock market has moved lower in three straight sessions, falling more than 55 points or 1.6 percent along the way. The Straits Times Index now sits just above the 3,760-point plateau and it may be stuck in neutral again on Friday. The global forecast for the Asian markets remains murky on concerns over...
Asian stocks turned in a mixed performance on Friday as concerns persisted about the Federal Reserves rate trajectory and the U.S. faced a government shutdown after President-elect Donald Trump abruptly rejected a bipartisan plan. The dollar held near a two-year high, denting demand for commodities, including oil. Gold ticked higher in Asian trade but was...
German stocks tumbled on Friday as the U.S. faced a government shutdown and U.S. President-elect Donald Trump warned of potential tariffs on the European Union if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the worlds largest economy. In economic releases, the declining...
French stocks traded sharply lower on Friday as the U.S. faced a government shutdown after President-elect Donald Trump abruptly rejected a bipartisan plan. Tariff worries also spooked markets after U.S. President-elect Donald Trump warned the European Union to buy more U.S. oil and gas or face tariffs. The benchmark CAC 40 dropped 98 points, or...