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Business 5 years ago

Banking shares under pressure as investors avoid risk amid gloomy outlook

Artha Sekuritas Indonesia vice president Frederik Rasali said the outlook for banking shares was still gloomy as the prospect of lower earnings this year made the banking sector not so promising.

Business 6 years ago

Stocks trading halted for fifth time this month as prices drop to eight-year low

Trading was halted for 30 minutes at 2:52 p.m. on Monday as the benchmark JCI, the main gauge at the Indonesia Stock Exchange (IDX), fell by 5 percent to 3,985, the lowest level since June 2012.

Business 6 years ago

Medco to buy back shares worth $3m amid market rout

Oil company Medco Energi Internasional plans to buy back US$3 million in shares over the next four months.

Business 6 years ago

Coronavirus crash wipes $5 trillion off world stocks

Coronavirus panic sent world share markets crashing again on Friday, compounding their worst week since the 2008 global financial crisis.

Business 6 years ago

Downward trend in share prices will not last long: Analysts

Indonesian stock prices appear to have bottomed out following a nearly 6 percent drop in January as investors feared the spread of the coronavirus, which started in China in late December 2019, would further drag down global economic growth.

Business 6 years ago

PREMIUM
Hopes high for Bank Permata after acquisition by Bangkok Bank

The majority of Bank Permata shares are currently owned by British financial giant Standard Chartered and Indonesian diversified conglomerate PT Astra International.

Business 6 years ago

Bank Artos denies Gojek partnership rumors as shares surge

While the bank has denied the rumor, it disclosed that it was selling 51 percent of its shares to two companies to fund its transition to a digital platform.

Business 6 years ago

Pelita Samudera Shipping gets green light for private placement to buy new vessel

Shipping company PT Pelita Samudera Shipping has received the green light from its shareholders to conduct a private placement to buy a new vessel as part of its expansion plan this year.

Business 6 years ago

Rupiah holds its ground despite fall in share prices

The Indonesian currency gained slightly against the US dollar on Monday despite a decline in share prices in regional markets amid fears of an escalation in the trade war between the United States and China.