Fed Chair Jerome Powell has reiterated a 2021 statement that Bitcoin directly competes with gold, but not the US Dollar (USD). Powell also disclosed that he has no issue with crypto companies that engage in business collaborations with banks. United States Federal Reserve Chair Jerome Powell has publicly confirmed his strong interest in Bitcoin (BTC) as...
Foundry laid off 16% of its staff and transferred 20 employees to Yuma, a decentralized AI startup.Yuma, DCG’s new project, aims to revolutionize decentralized AI using Bittensor’s network for innovative applications. Foundry, the world’s largest Bitcoin mining pool and a subsidiary of Digital Currency Group (DCG), has announced massive layoffs, decreasing its workforce by about...
Erajaya Swasembada Tbk (ERAA), a retailer specialised in telecommunication devices, has formed another joint venture (JV) through one of its subsidiaries, PT Era Sukses Abadi (ESA). The JV was established by ESA alongside PT Perjuangan Anak Muda (PAM). This new enterprise is called PT Mitra Belanja Selalu (MBS), serving as a holding company and other...
JAKARTA. Total incoming bids reported in the last round of Government Securities (lit. Surat Utang Negara/SUN) auction yesterday (29/10) hit IDR 29.58 trillion, according to the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance. There were 8 series of SUN offered in said auction, consisting of 2 series of State...
JAKARTA - Indonesia Stock Exchange (IDX) lists 10 issuers with the highest number of shares in the stock exchange as of October 29, 2024. Interestingly, the number of shares does not always in line with market capitalisation, as the list shows that the shares value may vary. Based on IDX data compiled by IDNFinancials today...
JAKARTA – Even though PT Dharma Satya Nusantara Tbk (DSNG)s palm oil fresh fruit bunches (FFB) production decreased by 5.1% year-on-year (yoy), the companys revenue and net profit actually increased, supported by rising selling prices and falling fertilizer prices. Based on the Q3 2024 Financial Report quoted today (30/10), DNSG recorded a 9% yoy increase...
Bukalapak.com Tbk (BUKA), an e-commerce company debuted on Indonesia Stock Exchange (IDX) in 2021, will close down some of its business lines to restructure the company. Cut Fika Lutfi, Corporate Secretary of BUKA, mentioned that the plan had been discussed by the board of directors and commissioners on August 30, and approved independently by the...
The China stock market found renewed support on Thursday, one day after ending the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just above the 3,470-point plateau although its expected to open higher again on Friday. The global forecast is positive after the...
The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday. The global forecast is positive after the Federal Reserve cut its benchmark lending rate by 25...
The Thai stock market has moved higher in two of tree trading days since the end of the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau and it may see additional support on Friday. The global forecast...