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Coal mining contractors

Unlike coal concession holders, mining contractors suffered from squeezed margins in the first quarter of 2022. Darma Henwa (DEWA), linked to Bakrie Group’s coal concessions, for example, posted net loss of US$3.15 million in the quarter against net profit in the corresponding period last year.

Business

Coal mining contractors

Unlike coal concession holders, mining contractors suffered from squeezed margins in the first quarter of 2022. Darma Henwa (DEWA), linked to Bakrie Group’s coal concessions, for example, posted net loss of US$3.15 million in the quarter against net profit in the corresponding period last year.

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Japan Leading Economic Confirmed at 4-Month High

The index of leading economic indicators in Japan, which is a gauge of the economy a few months ahead and is compiled using data such as job offers and consumer sentiment, climbed to 102.9 in April of 2022, matching the...

Dollar Holds Decline Amid Recession Fears

The dollar index traded around 104 on Monday, holding on to its last week’s declines and tracking recent weakness in Treasury yields, amid growing concerns about a possible recession. Federal Reserve Chair Jerome Powell said...

Asia Shares Rise

Stocks in Asia advanced on Monday, lifted by a rally on Wall Street Friday, as concerns of higher and faster rate hikes eased. The Hang Seng jumped almost 3% and the Shanghai Composite hit a near 4-month peak, boosted by the...

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Lakuemas

Media reported yesterday that digital bank, Bank Neo Commerce (BBYB) cooperated with digital gold trader Lakuemas Indonesia (Lakuemas) for getting the easier access to gold commodity for its customers to purchase and sell gold through bank application.

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