JAKARTA – PT Satria Andalan Prima Tbk (SAPX) expressed its optimism in reaching revenues of up to IDR 800 billion this year, with a focus on corporate clients. “We are targeting revenue growth of 25-30% this year, aiming to achieve IDR 750-800 billion by 2025,” stated Denny Parhan, Corporate Secretary of SAPX, during a virtual...
JAKARTA – PT Asuransi Digital Bersama Tbk (YOII) officially listed its shares on the Indonesia Stock Exchange (IDX) on Wednesday (8/1), with its shares hitting the Upper Auto Reject (ARA) limit in early trading. YOII offered 412,087,500 shares through its Initial Public Offering (IPO) at Rp100 per share, raising a total of Rp41.2 billion. At...
JAKARTA – PT Bukit Asam Tbk (PTBA) reported its exploration activities for the fourth quarter (October-December 2024). The activities were carried out by PTBA’s internal team along with a third-party mining service contractor. Corporate Secretary of PTBA, Niko Chandra, explained that the exploration was conducted in the Tanjung Enim area using coring, open hole, and...
JAKARTA—On Wednesday, January 8, foreign investors did not engage in as many stock purchases and sales as they had the day before. Only about 2.50 billion shares were purchased, compared to 3.67 billion shares sold. At a net sell position of 1.16 billion shares, the netforeign concludedtoday as well. At the top of the list...
The total number of building permits issued in Australia was down a seasonally adjusted 3.6 percent on month in November, the Australian Bureau of Statistics said on Tuesday - coming in at 14,998. That missed expectations for a decline of 0.9 percent following the 4.2 percent increase in October. The number of permits issued for...
The China stock market has finished lower in four straight sessions, plummeting more than 200 points or 6 percent in that span. The Shanghai Composite Index now sits just above the 3,200-point plateau although its expected to open to the upside on Tuesday. The global forecast for the Asian markets is positive, with technology stocks...
The Indonesia stock market on Monday wrote a finish to the three-day winning streak in which it had advanced almost 130 points or 1.8 percent. The Jakarta Composite Index now sits just above the 7,080-point plateau although its expected to find renewed support on Tuesday. The global forecast for the Asian markets is positive, with...
Asian stocks were mostly higher on Tuesday after a rally in technology shares boosted Wall Streets main indexes overnight. The dollar index edged higher in Asian trade, after having fell as much as 1 percent during intraday trading on Monday. Treasuries were little changed after the yield on the 30-year note climbed to the highest...
The euro area manufacturing sector continued to shrink in December on accelerated contractions in both orders and output, final data compiled by S&P Global showed on Thursday. The HCOB manufacturing Purchasing Managers Index fell slightly to a three-month low of 45.1 in December from 45.2 in November. The flash reading was 45.2. Demand for euro...
The commodity currencies such as Australia, the New Zealand and the Canadian dollar strengthened against their major currencies in the Asian session on Thursday amid the crude oil price rise as investors focused on a revival in Chinas economy and fueled demand when they returned from holidays following the promise by the Chinese President Xi...