JAKARTA – PT Garuda Indonesia (Persero) Tbk (GIAA) increased its ownership in PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) to 91.76% from 89.1% as of December 30, 2024. According to the disclosure cited on Wednesday (8/1), GIAA purchased 9.09 billion GMFI shares at Rp46 per share, amounting to a total transaction value of IDR...
JAKARTA – Indonesia has officially joined the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) after receiving approval from several members, with the announcement made by the Brazilian government on Monday (6/1). Indonesia shares with other BRICS members the support for reforming global governance institutions and contributing positively to deepening cooperation in the...
JAKARTA - PT Raharja Energy Cepu Tbk (RATU), a company engaged in the oil and gas sector, officially listed its shares on the Indonesia Stock Exchange (IDX), Wednesday (8/1). In the first trading session, RATU shares rose 24.78%, almost touching the upper auto rejection limit (ARA), to IDR 1,435 from the offering price of IDR...
JAKARTA - PT Kentanix Supra International Tbk (KSIX) officially listed its shares on the Indonesia Stock Exchange (IDX), Wednesday (8/1). President Director of PT Kentanix Supra International Tbk, Ferdinand Aryanto, said that around 61.5% of the proceeds from the IPO will be used as working capital for infrastructure development. ‘In addition, it will also be...
The euro area private sector contracted only fractionally in December as services activity bounced back, final results of the purchasing managers survey by S&P Global showed on Monday. The composite output index rose to 49.6 in December from 48.3 in the previous month. The score was slightly above the flash estimate of 49.5. Nonetheless, the...
The euro area economy is in the danger of plunging even deeper into crisis and the room for the European Central Bank for maneuver is diminishing rapidly, the behavioral research institute Sentix said Monday. Eurozone investor confidence sunk to the lowest level since November 2023 with the corresponding index falling to -17.7 in January from...
The South Korea stock market has moved higher two straight sessions, accelerating almost 90 points or 3.6 percent along the way. The KOSPI now sits just beneath the 2,490-point plateau and it may add to its winnings again on Tuesday. The global forecast for the Asian markets is positive, with technology stocks expected to lead...
The Japanese stock market has moved lower in back-to-back sessions, plunging more than 970 points or 2.5 percent along the way. The Nikkei 225 now rests just above the 39,300-point plateau although its due for support on Tuesday. The global forecast for the Asian markets is positive, with technology stocks expected to lead the markets...
The Malaysia stock market has finished lower in three straight sessions, sinking more than 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,625-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is positive, with technology stocks expected...
The monetary base in Japan was down 1.0 percent on year in December, the Bank of Japan said on Tuesday - coming in at 658.524trillion yen. That missed expectations for an annual decline of 0.2 percent following the downwardly revised 0.3 percent contraction in November (originally -0.1 percent). Banknotes in circulation were down 0.6 percent,...