Higher crude oil prices and steady bullion market point to a positive start for Canadian stocks on Friday. However, the focus is on jobs data from Canada and the U.S., and any disappointment on that front could render the market a bit volatile. Canadian jobs data for the month of December 2024 is due at...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 256,000 jobs in December after jumping by a downwardly revised 212,000 jobs in November. Economists had expected employment to...
JAKARTA – PT Cisarua Mountain Dairy Tbk (CMRY), also known as Cimory, has announced the realization of its initial public offering (IPO) proceeds as of December 31, 2024. In a disclosure on Tuesday (14/1), CMRY reported that it had utilized IDR 1.37 trillion of the total IPO proceeds, which amounted to IDR 3.57 trillion after...
JAKARTA – PT Medco Energi Internasional Tbk (MEDC) signed a loan agreement with its subsidiary, Medco Bell Pte. Ltd. (MBL), last Monday (13/1). According to a disclosure on the Indonesia Stock Exchange (IDX) today (14/1), the loan amounts to USD 435.3 million, approximately equivalent to IDR 7.1 trillion, based on the exchange rate of IDR...
JAKARTA – DBS Bank Ltd S/A Albizia ASEAN Opportunities Fund, a shareholder of PT Sarimelati Kencana Tbk (PZZA), divested 23.20 million of its shares in a transaction last week (7/1). Andromeda Hermawan Tristanto, Corporate Secretary of PZZA, reported that following the transaction, DBS Bank Ltd’s shareholding decreased to 144.93 million from 168.14 million shares, marking...
JAKARTA – Financial Services Authority (OJK) is encouraging Financial Service Institutions (LJK) to facilitate the provision of housing ownership loans (KPR) for low-income households (MBR). M. Ismail Riyadi, Acting Head of OJK’s Department of Financial Literacy, Inclusion, and Communication, stated that OJK is providing flexibility for financial institutions to adopt lending policies based on risk...
JAKARTA – PT Bank Amar Indonesia Tbk (AMAR), one of Indonesias digital banks, has officially partnered with JULO Group, a leading fintech lending platform in the country, to offer AMAR’s embedded banking services. This strategic collaboration will provide comprehensive banking features and loan solutions within one application to JULO’s 2.58 million users. The official statement...
Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up...
Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now. The benchmark S&P/TSX Composite Index is...