JAKARTA – Bank Indonesia (BI) mentions that the assessment of Indonesia’s economic growth aligns with the projection made by International Monetary Fund (IMF) at 5% in 2024 and 5.1% in 2025. This situation was announced by Erwin Haryono, Assistant Governor of Department of Communication of BI in Jakarta, today (8/8). In the press release, Haryono...
The Indonesia stock market has tracked higher in three straight sessions, advancing more than 80 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,830-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is flat ahead of the Federal Reserves...
Canadian shares are likely to open on a mixed note on Wednesday with investors awaiting the Canadian central bank\'s policy announcement, and reacting to mixed commodities markets. The Bank of Canada, which will announce its monetary policy at 9:45 AM ET, is widely expected to leave its key rate unchanged at 5%. The bank\'s views...
While reporting financial results for the second quarter on Friday, Colgate-Palmolive Co. (CL) raised its adjusted earnings and organic sales growth guidance for the full-year 2024, while maintaining earnings and net sales growth outlook. For fiscal 2024, the company now projects earnings per share growth in double-digit percentage and adjusted earnings per share growth of...
Bitcoin investors are facing a tough challenge as they try to recover from a two-month price low for BTC. The recent Bitcoin price rebound has been limited, however, due to strong resistance. Despite a 6.2% recovery from this week’s low, BTC has not been able to surpass crucial trendlines. Moving Average Threatens BTC Price “Ordeal”...
JAKARTA - Foreign investors bought 177.16 million shares of PT Darma Henwa Tbk (DEWA) on Tuesday, October 15, for a net volume of 95.09 million shares. This transaction also added to the foreign buying volume, which totaled 4.41 billion shares. Meanwhile, foreign sales volume did not differ much at around 4.36 billion shares. As a...
European stocks turned in a mixed performance on Monday with investors awaiting more economic data, including U.S. personal income and spending report, for directional clues. Also, with investors appeared a bit reluctant to go on any big buying ahead of a long weekend. The cautious mood was also due to an escalation in the trade...
JAKARTA. PT Perusahaan Gas Negara Tbk (PGAS) posted a net profit of US$186.6 million in the first semester (1H) 2024, growing 28.4% year-on-year (yoy) or from the same semester last year. This growth is in line with PGAS revenue performance in 1H 2024 which reached US$1.4 billion. The companys revenue in this period rose 3.08%...
Existing home sales in the U.S. snapped a four-month skid in July, according to a report released by the National Association of Realtors on Thursday, with sales rebounding by slightly more than expected. NAR said existing home sales shot up by 1.3 percent to an annual rate of 3.95 million in July after plunging by...
A new report released on Tuesday outlines the recommendations of a technology working group supported by the UK government, which encourages companies to adopt tokenization strategies in collaboration with their industry peers. The United Kingdom’s financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms. Working Group...