JAKARTA - Akulaku Group, the major shareholder of PT Bank Neo Commerce Tbk (BBYB) is planning gradual divestment of its shares to 30% of BBYB’s issued and paid-up capital. This plan had reportedly been approved by the shareholders last week (15/11). Agnes Fibri Triliana Dewi, Corporate Secretary of BBYB, mentioned that shareholders have agreed upon...
Tripar Multivision Plus Tbk (RAAM), also known as MVP, opened Platinum Cineplex theatre in Sragen, Central Java, on November 14, 2024. Said theatre is located at Plaza Atrium, Sragen. The opening ceremony was attended by several local government officials, as well as Amit Jethani, Director of PT Platinum Sinema, RAAM’s subsidiary that managed Platinum Cineplex....
JAKARTA - PT Caturkarda Depo Bangunan Tbk (DEPO), a distributor of equipment and building materials, will open three new outlets in Palembang, Pekanbaru and Samarinda. By the end of next year, this issuer is projecting revenue of IDR 2.8 trillion and net profit of IDR 88 billion. In an information disclosure quoted on Wednesday (20/11),...
JAKARTA - PT Pinago Utama Tbk (PNGO)s interim dividend fell 42.85% to IDR 31.25 billion in the 2024 fiscal year from last years interim dividend of IDR 54.68 billion. The decrease in interim dividends is in line with the decline in net profit in the third quarter of 2024. Based on the data compiled by...
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous weeks revised level of 219,000. Economists had expected jobless claims to inch up...
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction. Economists had...
Existing home sales in the U.S. rebounded by more than expected in the month of October, according to a report released by the National Association of Realtors on Thursday. The report said existing home sales surged by 3.4 percent to an annual rate of 3.96 million in October after slumping by 1.3 percent to a...
A reading on leading U.S. economic indicators fell by slightly more than expected in the month of October, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index slid by 0.4 percent in October after dipping by a revised 0.3 percent in September. Economists had expected the...
European stocks closed higher on Thursday with some markets moving into positive territory well past mid afternoon, as investors digested regional and U.S. economic data, and corporate news, in addition to following the developments on the geopolitical front. Investors also assessed the likely impact of Donald Trumps second term as U.S. President, on global economic...
The South Korea stock market on Thursday snapped the three-day winning streak in which it had rallied more than 65 points or 2.7 percent. The KOSPI now sits just above the 2,480-point plateau although it may see renewed strength on Friday. The global forecast for the Asian markets is upbeat on solid earnings news and...