Madusari Murni Indah Tbk (MOLI) is merging two of its subsidiaries for business efficiency purposes. Jose G. Tan, Director and Corporate Secretary of MOLI, revealed that the merged subsidiaries are PT Molindo Inti Gas (MIG) and PT Molindo Raya Industrial (MRI). In this merger, MRI will be the receiving entity. “The merger will simplify and...
JAKARTA – PT Karya Media Investindo, which invested 3.30 billion shares in the broadcasting media firm PT MDTV Media Technologies Tbk (NETV), started the stock buying and selling transaction by investors holding more than 5% on Friday, December 27. This investor is now formally a new shareholder with 8% ownership through PT BNI Sekuritas. Subsequently,...
JAKARTA – The inflation rate in December 2024 was reported at 1.57%, slowing down year-on-year (yoy) from December 2023 at 2.61%. However, month-to-month, the inflation increased in December 2024 from November 2024 at 1.55%. In the press release quoted Thursday (2/1), Windhiarso Ponco Adi, Director of Price Statistics of Statistics Indonesia (lit. Badan Pusat Statistik/BPS),...
JAKARTA -PT Solusi Kemasan Digital Tbk (PACK) has been greenlit regarding its rights issue plan to improve its working capital entering 2025. This corporate action had been approved by shareholders last Monday (30/12). In the information disclosure quoted Thursday (2/1), Magdalena Veronika, President Director of PACK, mentioned that shareholders agreed upon the issuance of a...
JAKARTA – PT Bank of India Indonesia Tbk (BSWD) or BOII has unveiled its 2025 business performance targets, aiming for a 15% year-on-year (yoy) increase in lending. Based on BOIIs Public Expose results, as quoted today (2/1), the bank expects a 15% yoy growth in loans this year, up from the projected 11% yoy increase...
Charles Dolan, the founder of major US media companies Home Box Office Inc. or HBO and Cablevision Systems Corp., died of natural causes at the age of 98. In a statement, his family said, It is with deep sorrow that we announce the passing of our beloved father and patriarch, Charles Dolan, the visionary founder...
The Japanese yen weakened against other major currencies in the pre-European session on Monday, as traders speculate that the Bank of Japan (BoJ) is likely to deliver an interest rate hike in January. The possibility of a rate hike in January was maintained by some BoJ policymakers who saw elements coming together for an impending...
Asian stocks ended mixed on Monday as a cautious undertone prevailed, heading into year-end. Higher U.S. Treasury yields underpinned the dollar in Asian trade while oil and gold were little changed. Chinas Shanghai Composite index edged up by 0.21 percent to 3,407.33 ahead of manufacturing PMI data due on Tuesday. Hong Kongs Hang Seng index...
German stocks were moving lower on Monday as elevated government bond yields prompted investors to book some profits ahead of the year end. The 10-year German bund yield traded at its highest since mid-November, tracking a rise in U.S. Treasury yields amid uncertainty about Trumps policies and the Federal Reserves rate path next year. The...
French stocks traded lower on Monday amid worries about the countrys economic outlook and the prospect of a trade war after U.S. President-elect Donald Trump threatened sweeping tariffs on goods. Investors remain concerned about how the French government will tackle a growing budget deficit. The countrys new finance minister said in a newspaper interview that...