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MSCI ratcheted up the pressure on Jakarta by announcing that it could demote Indonesia's equities to "standalone" market status, claiming the country had not done enough to crack down on coordinated trading practices in its stock market.
7 hours agoAsian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season. ...
18 hours agoIn response to the moves, the IDX Composite climbed more than 5 percent on Tuesday, rebounding from a nearly 15 percent drop over Friday and Monday. ...
1 day agoTokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession.
2 years agoThe Chinese special administrative region pitches itself as hub for tech and finance and highlights proximity to the mainland market as reasons for Indonesian firms to set up shop.
2 years agoAgriculture Minister Amran Sulaiman said on Monday that he assured these foreign procurements were temporary and the government would make effort to reduce reliance for imports.
2 years agoAsian markets edged down Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week.
2 years agoAsian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in June stoked hopes the Federal Reserve will cut interest rates.
2 years agoThe Batang integrated industrial park already hosts nearly 20 companies in 10 percent of its total area of 4,300 hectares, including South Korea's LG Energy Solution and glass maker KCC Glass.
2 years agoAsian markets tumbled Thursday after a tech-fueled sell-off saw Wall Street tank, as disappointing earnings caused traders to panic that a months-long rally in the sector may have been overdone.
2 years agoGovernment officials say no decision has been made to buy Russian oil but have not ruled out such purchases in the future.
2 years agoAircraft orders unveiled at Farnborough Airshow this week focused chiefly on the wide-body market, reflecting the desire of airlines to meet a revival in long-haul demand despite production woes.
2 years agoThe IDX Composite Index closed in the red on Tuesday, dropping 0.11 percent to 7,313.85 amid major bank stock declines. The day's trading volume was low, with Rp 8.31 trillion in transactions and mixed sectoral performance.
2 years agoAsian shares slid anew on Monday, getting little lift from a surprise rate cut by China's central bank, while Wall Street futures firmed in the wake of President Joe Biden's decision to bow out of the election race.
2 years agoExpectations for the IDX Composite dimmed amid concerns over the incoming government’s policy and uncertainty about the central bank’s interest rate cut.
2 years agoThe market has shown little to no reaction to the appointment of three new deputy ministers under President Joko “Jokowi” Widodo, two of which have close ties with president-elect Prabowo Subianto, as global circumstances play a more commanding role for traders.
2 years agoAsian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way.
2 years agoAsian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan.
2 years agoThe price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.
2 years agoMore and more Jakartans were opting to rent houses in the first quarter of the year amid high home prices, interest rates and inflation, according to several leading property consultancies.
2 years agoAsian markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year.
2 years agoShares of Wisesoft Co, whose Mandarin name "Chuan Da Zhi Sheng" sounds like "Trump wins big", rose by the maximum daily 10 percent limit in trading on the Shenzhen Stock Exchange.
2 years agoThe dollar rose broadly on Monday and cryptocurrencies jumped as trades for a victory by Donald Trump in the upcoming US elections gathered steam in the wake of an attempted assassination of the former US President.
2 years agoA surge in the yen triggered speculation among analysts on Friday that Japanese authorities may have again intervened in forex markets to prop up the ailing currency.
2 years agoThe government is set to introduce orange bonds, which specifically addresses SDG 5 on gender equality, in coordination with IIX, with the private sector slated to lead the issuance of the latest thematic bond in Indonesia.
2 years agoThe Energy and Mineral Resources Ministry is mulling over a plan to again allow bauxite ore exports following a call from the House of Representatives to repeal a ban on shipments as part of a larger effort to improve the economic development of bauxite-mining regions.
2 years agoAsian markets diverged Wednesday after fresh records on Wall Street and remarks by the Fed chief that hinted the US central bank would cut interest rates later this year, without offering a clear timeframe.
2 years agoAsian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts.
2 years agoThe euro slipped in Asian trade on Monday after snap French elections in which a hung parliament appeared the likeliest outcome, as markets in the region searched for direction after Wall Street closed the previous week on a strong note.
2 years agoBrokerages warn the scheme could make the IDX Composite index more volatile and potentially push valuations down if regulators do not carefully select which stocks may be short-sold.
2 years agoAsian equities rose and the dollar slipped further on Thursday as investors welcomed more data pointing to a softening labor market that gives the Federal Reserve room to cut interest rates, with another key jobs report due later in the day.
2 years agoAsian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.
2 years agoThe euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower.
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