Author: yosefardi.com

Asia Pacific Shares Trade Mixed

Major bourses in the Asia Pacific region lacked direction on Friday, amid a continued money injection by the PBoC into China’s banking system and growing fears about the potential default of the cash-strapped developer...

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Gold Rebounds on Friday

Gold was up almost 1% to above $1,750 an ounce on Friday, after falling more than 1% in the previous session, and is on track to end little changed on the week. Investors’ risk appetite retreated after Evergrande missed a...

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Anies & His Political Backing: Will it Last?

A number of political parties, including those in President Joko “Jokowi” Widodo’s ruling coalition, defended Anies against harsh criticism lobbed by Giring Ganesha, the Chairman of PSI Party. It shows that many political parties still back Anies Baswedan even though the Jakarta Governor is under the scrutiny of the Corruption Eradication Commission (KPK). The question is: will said parties continue to support Anies in the future?

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Tax Corruption: The Trial

Earlier this year, the public learned that tax officials had allegedly transacted and helped three large companies avoid their obligations. One of said companies was owned by the notorious Haji Isam. After several months of...

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State Budget & Economic Recovery

Finance Minister Sri Mulyani Indrawati reported on Thursday (Sept. 23) that state spending had reached Rp1,560.8 trillion as of Aug. 31, 2021. It grew 1.5% year on year (y/y). Government expenditures reached Rp1,087.9 trillion,...

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Market Snapshots

Global stock markets mostly gained on Thursday (Sept. 23), with United States (US) stocks rallying for a second day as investors continued to digest the latest FOMC statement and remained confident that the Evergrande debt...

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Corporations to Watch: Matahari

Retailer Matahari Putra Prima (MPPA), the largest Indonesian hypermarket operator, suffered a loss of Rp91.5 billion in the first half (H1) of 2021, significantly narrowed from a loss of Rp219.25 billion in the corresponding...

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