JAKARTA – PT Cardig Aero Services Tbk (CASS), a holding company of airport handling services, reported double-digit growth in revenue to IDR 1.3 trillion in H1 2024. This surge boosted its net profit up by nearly 100% to IDR 347.2 billion. Based on the Financial Report of H1 2024 quoted today (16/8), CASS reported an...
The U.S. Securities and Exchange Commission has fined six major credit rating organizations a total of $49 million for significant failures to maintain and preserve electronic communications. Admitting the facts in their respective SEC orders, Moodys Investor Service Inc. and S&P Global Ratings agreed to pay a $20 million civil penalty each. Further, Fitch Ratings...
JAKARTA – PT Selamat Sempurna Tbk (SMSM) decides to revise the target of its sales growth for 2024 down to 2% from the initial target set to 8%. The change in top-line growth target was announced by Ang Andri Pribadi, Vice President Director of SMSM during Public Expose Live 2024 SMSM via Zoom today (29/8)....
The Bank of England is likely to lower its interest rate from a 16-year high on Thursday but it will be a very close call. The Monetary Policy Committee is expected to trim the bank rate by 25 basis points to 5.00 percent. This will be the first reduction since the onset of the pandemic....
Indian stock markets remain closed today on account of the Muharram festival. Benchmark indexes Sensex and Nifty ended marginally higher on Tuesday, giving up early gains. The rupee settled marginally higher at 83.58 against the dollar. Asian markets were mostly higher this morning after U.S. shares advanced to fresh highs overnight on hopes for a...
El Salvador took a decisive step into tokenization on Tuesday, unveiling national investment opportunities based on Bitcoin infrastructure. El Salvador Bitcoin: Investing in Development The nation’s National Bitcoin Office launched its blockchain-based capital raise on the Liquid network. Bitcoin-based capital markets have officially launched in El Salvador, the first country to adopt Bitcoin. Well done...
Morse code, cryptic messages, and a redesign of NEAR Protocol’s X profile have left users concerned that they have been hacked. On May 8th, NEAR Protocol’s official X handle began to post a series of cryptic tweets and messages which left the crypto community puzzled. The unusual behavior started with a 28-second-long video containing a...
Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of...
JAKARTA – A subsidiary ofPT Sarana Menara Nusantara Tbk (TOWR) obtains a credit facility worth JPY 14 billion from PT Bank Mizuho Indonesia. Assuming that the exchange rate is set to IDR 108.52 per JPY, total loan will reach IDR 1.5 trillion. In the information disclosure quoted Monday (12/8), Monalisa Irawan, Corporate Secretary of TOWR,...
The Singapore stock market has tracked higher in consecutive trading days, collecting more than 40 points or 1.3 percent along the way. The Straits Times Index now rests just beneath the 3,190-point plateau although the rally may stall on Friday. The global forecast for the Asian markets is murky amid a lack of catalysts, while...