JAKARTA - Indonesias trade balance during January-September 2024 fell 20.71% compared to the same period in 2023. The decline in the trade balance was due to an increase in the deficit in the oil and gas sector and a decline in the non-oil and gas sector. Data from the Central Statistics Agency (BPS) quoted Thursday...
Ripple is expanding the utility of its XRP Ledger (XRPL) by offering tokenized US Treasury bills (T-bills) onto the platform. The significant move is a part of Ripple’s partnership with OpenEden, a leading provider of tokenized real-world assets (RWA). News alert – tokenization platform @OpenEden_Labs is bringing tokenized US Treasury bills (T-bills) to the #XRPL!...
The China stock market on Wednesday ended the absurd 10-day winning streak in which it had skyrocketed more than 780 points or 27.9 percent. The Shanghai Composite now sits just beneath the 3,260-point plateau - and by all rights, it ought to move lower again on Thursday despite a firm lead. The global forecast for...
The pound strengthened against its major counterparts in the New York session on Monday, as Labour leader Keir Starmer\'s landslide victory in last week\'s election secured political stability. Starmer pledged to begin the work of change, the mission of national renewal and rebuild the country. The Labor won 411 seats in the House Of Commons,...
Nexus has secured $25 million in a Series A funding to develop verifiable computation through zero-knowledge cryptography. According to the latest announcement by the company, Nexus revealed that the funding round was co-led by Lightspeed Venture Partners and Pantera Capital. Other participants included Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund. Total Funding Reaches $27...
JAKARTA - On Monday, September 30, Low Tuck Kwong, the founder and president of PT Bayan Resources Tbk (BYAN), acquiredover 1.5 billion shares from the coal mining issuer. His share portion of BYANhas increased to 40.16% from his previous 35% control. He utilized PT Maybank Sekuritas Indonesia and BUT Deutsche Bank AG to complete this...
BTCFi projects have been integrating Chainlink for its secure and reliable real-world data through oracles to unlock the trillion-dollar liquidity held up in Bitcoin.They include 21.co, whose 21BTC Wrapped Bitcoin uses Chainlink for transparency; B² Network, which uses CCIP for cross-chain functionalities; and liquid restaking protocol Bedrock, which has integrated CCIp and Proof of Reserves....
Jakarta (ANTARA) - The Financial Services Authority (OJK) is preparing an OJK Regulation (POJK) to regulate financing companies, OJK's supervision executive of financing institutions, venture capital companies, microfinance institutions, and other financial service institutions, Agusman, said. The POJK is a derivative of Law No. 4 of 2023 on the Development and Strengthening of the Financial...
JAKARTA. PT Pegadaian (Persero), a state-owned company engaged in pawn-brokerage, will issue 2 Sukuk Mudharabah with total principal of IDR 2.22 trillion. The offered securities consist of Shelf-Registration Sukuk Mudharabah III Phase II of IDR 808.8 billion and Social Sukuk Mudharabah Phase II of 2024 of IDR 1.41 trillion. In the official statement, Pegadaian is...
Chinas bank lending remained weak in July amid high interest rates, official data revealed on Tuesday. Aggregate financing totalled CNY 18.87 trillion in the January to July period, which was down by CNY 3.22 trillion, the Peoples Bank of China said. Within this total, yuan-denominated loans to the real economy increased by CNY 12.38 trillion...