CGS International purchases 155 million shares of Astrindo Nusantara (BIPI)

JAKARTA - On Tuesday, December 17, foreign investor CGS International Securities Singapore Pte Ltd bought 155 million shares to its holdings inPT Astrindo Nusantara Infrastruktur Tbk (BIPI). This investor previously held about 15.67% ofBIPIs shares; however, this most recent acquisition raised that percentage to nearly16%. Energy infrastructure is the focus ofBIPIshares. Subsequently, Sendra Gunawan acquired...

Read More

Sensex, Nifty Extend Losses For Fifth Day

Indian shares edged lower at open on Friday, extending losses for a fifth day running amid concerns that U.S. President-elect Donald Trumps fiscal, trade and tariff policies could prompt the Federal Reserve to end its rate-cutting cycle. The benchmark S&P/BSE Sensex was down 292 points, or 0.4 percent, at 78,825 in early trade while the...

Read More

China Keeps Interest Rates Unchanged

The Peoples Bank of China maintained its interest rates unchanged for the second straight session on Friday. The PBoC maintained its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.60 percent. The move was widely expected. The bank had cut its both LPRs by...

Read More

No Help Yet For Indonesia Stock Market

The Indonesia stock market has finished lower in five straight sessions, sinking more than 350 points or 4.7 percent in that span. The Jakarta Composite Index now rests just above the 7,100-point plateau and it figures to open under pressure again on Thursday. The global forecast for the Asian markets suggests major consolidation on the...

Read More