The Indonesia stock market on Tuesday ended the two-day winning streak in which it had rallied almost 175 points or 2.5 percent. The Jakarta Composite Index now rests just beneath the 7,250-point plateau although its expected to open to the upside again on Wednesday. The global forecast for the Asian markets is upbeat on optimism...
The Bank of England’s “Digital Pound Labs” marks a significant step toward blockchain-based payment testing, emphasizing collaboration with stakeholders.A digital pound remains in its exploratory phase, with final decisions contingent on parliamentary approval and extensive public consultations. The Bank of England (BoE) is intensifying its efforts to explore a central bank digital currency (CBDC) with...
XRP has been predicted to hit a $1 trillion market cap this cycle alongside Stellar Lumens (XLM), Dogecoin (DOGE), and Cardano (ADA).An analyst has predicted that DOGE could hit $20 this cycle by strongly reacting to the upcoming US presidential inauguration and other macroeconomic factors. The CoinMarketCap’s Altcoin Index has moved to 47/100, two points...
Bitcoin’s institutional adoption and legislative support are poised to solidify its status as a global financial asset in 2025.Blockchain innovations, including Ethereum’s upgrades and the rise of AI-driven tokens, signal a transformative year for the crypto landscape. Bitcoin’s ongoing bull run, fueled by its 2024 halving, has laid the foundation for unprecedented growth. Notably, as...
Anthony Pompliano, CEO of Professional Capital Management, has shared three key recommendations for President-elect Donald Trump to establish himself as the “first Bitcoin president” ahead of his inauguration.Pompliano encourages Trump to repeal SAB 121, establish a U.S. national Bitcoin reserve, and implement tax reforms to eliminate capital gains taxes on Bitcoin payments. Anthony Pompliano, a...
JAKARTA. PT Wijaya Karya (Persero) Tbk (WIKA) has granted additional fund for PT Wika Tirta Jaya Jatiluhur (WTJJ) of IDR 18.99 billion, along with the issuance of new shares of WTJJ. WIKA is known to have control over 88.38% of WTJJ’s shares. Meanwhile, the extra capital injected by the company will cover only a portion...
JAKARTA -PT Nusa Raya Cipta Tbk (NRCA) is divesting 46.51 million treasury shares starting from next week (3/12). These treasury shares originate from the buyback held from August 28, 2015, to March 18, 2020. In the information disclosure quoted Monday (25/11), Setiadi Djajasaputra, Corporate Secretary of NRCA, mentioned that the minimum price for treasury shares’...
JAKARTA -PT Yulie Sekuritas Indonesia Tbk (YULE) is recognised among Top 50 Midcap Public Listed Companies (PLCs) for the best good corporate governance (GCG) practices in 2024. This award was given to YULE by Indonesian Institute for Corporate Directorship (IICD) in Jakarta, Monday (25/11). Rudiantara, Chairman of IICD, stated that the IICD Corporate Governance Conference...
JAKARTA - Foreign investors’ share buying and selling operations on Wednesday, November 20, were lower than the previous day, with the foreign buy volume was 3.25 billion shares and the foreign sell volume was 3.89 billion shares. As a result, net foreign volume closed at -639.87 million shares. On the share purchase list, 57.90 million...
JAKARTA - PT Honoris Corporindo Pratama, a stakeholder of PT Modernland Realty Tbk (MDLN), increased its stake in this real estatedeveloper on Tuesday, November 19. This investor enthusiastically acquired over 1.91 billion shares of MDLN right away, increasing the share portion from 13.6% to over 29%. In the meantime, Haiyanto actually decreased his holdings of...