Category: News Group

Most stock indexes around the world traded in the red on Friday amid mounting concerns about the coronavirus impact on the global economy after the number of infections passed 1 million. PMI figures showed record contractions in...

Oil prices reversed earlier losses to trade higher on Friday, extending a record $5 surge the day before. Earlier in the session, oil prices fell amid doubts whether Saudi Arabia and Russia could agree in a major oil production...

The central bank (BI) in talks with the United States (US) Federal Reserve on the potential currency swaps. Currently, the Bank has a bilateral swaps with China worth of US$30 billion, Japan $22.7 billion, around $10 billion...

Moody’s Investors Service has downgraded corporate family rating (CFR) of three Indonesian companies followed the COVID-19 impacts. The agency cuts property developer PT Agung Podomoro Land Tbk (APLN) from B2 to B3, PT Alam...

Oil prices reversed earlier losses to trade sharply higher on Thursday after President Trump said he is confident Russia and Saudi Arabia will reach a deal soon to solve the oil-price dispute and that he may join the talks if...

The Baltic Dry Index, which measures the cost of shipping goods around the world, continued to strengthen in April as a gradual restart of industrial activity in China led to improved demand for shipping vessels. For the first...

Indonesia AirAsia temporarily suspended all domestic operations starting April 1 to 21, 2020, and international routes until May 17, 2020 to support the government’ efforts to contain the spread of COVID-19. The other reasons,...

The rupiah weakened further to Rp16,367 against the US dollar on Tuesday though the government announced a Rp405.1 trillion stimulus package to help the economy fighting the coronavirus outbreak, including a cut in corporate tax...

Both crude oil benchmarks recorded their largest decline on record in the first quarter of 2020, with WTI and Brent’s futures losing nearly 66% of their value in the first three months the year. Oil prices ended March near...

The IHS Markit Indonesia Manufacturing PMI plunged to 45.3 in March 2020 from 51.9 in a month earlier. The latest reading pointed to the steepest contraction on record, as measures to contain the coronavirus outbreak hit the...

Real estate company, Lippo Karawaci (LPKR), continues its plans to divest one of it assets in Indonesia, Puri Mall. In addition, the company continues to actively pursue further options to increase financial flexibility. John...

YTL Jawa Energy BV, unit of Malaysia’ YTL Power International Berhard, under YTL Corporation Berhard, plans to issue global SUKUK around US$2 billion in Malaysia. The company joins with PT Bakrie Power, unit of PT Bakrie &...