Category: News Group

The Chicago Fed National Activity Index fell to -0.16 in August 2023 from a downwardly revised 0.07 in July, pointing to slower economic growth during the month. Two of the four broad categories of indicators used to construct...

Hexindo Adiperkasa (HEXA), the sole distributor of Hitachi and John Deere heavy equipment, sold 607 units of heavy equipment until June 2023. Excavator sales for forestry segment amounted 181 units or 35% of total sales, sales...

Dian Swastika Sentosa (DSSA), owned by Sinarmas Group, had sold 30.5 billion shares in cellular firm Smartfren Telecom (FREN), also owned by Sinarmas Group, at price of Rp79 per share or Rp2.4 trillion in total. This aims to...

The central bank, Bank Indonesia (BI),  held its interest rate unchanged at 5.75% for the eighth consecutive time during its September meeting, confirming market expectations, and saying that the current policy decision is...

The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in its September meeting by unanimous vote. The central bank also left unchanged an allowance band of...

Malaysian palm oil futures were below MYR 3,700 per ton, approaching their lowest level in three months while pointing to the third straight weekly losses, amid persistent weakness in rival oils which offset support from higher...

The position of external debt in Indonesia remained manageable in July 2023. External debt maintained a 0.9% (y/y) contraction to reach US$396.4 billion in July 2023 after retreating 1.5% (y/y) the month earlier. The contraction...

The latest Bank Financing Supply and Demand Survey conducted by Bank Indonesia in August 2023 indicates an uptick of new loan disbursement by the banking industry, with the weighted net balance (WNB) increasing to 86.2% from...

The Federal Reserve kept the target range for the federal funds rate at a 22-year high of 5.25%-5.5% in its September 2023 meeting, following a 25bps hike in July, and in line with market expectations but signaled there could be...

The dollar index held above 105 on Tuesday, hovering near its highest levels in six months as investors braced for the Federal Reserve’s policy decision this week. The US central bank is widely expected to hold interest rates...

WTI crude futures rose above $91 per barrel on Tuesday, hovering at the highest levels in over ten months amid expectations of a widening market deficit in the fourth quarter due to dwindling supply. The US Energy Information...

Asian equity markets fell on Tuesday as investors prepared for pivotal interest rate decisions from major central banks this week. Minutes of the RBA’s last meeting also showed that it considered another 25bp rate hike in Sept...