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Mixed response on the new e-commerce regulation (2)
Shares of e-commerce platforms GOTO (parent of Tokopedia), BUKA (bukalapak.com), and BELI (parent of blibli.com) gained grounds Tuesday (Sep 25) as some investors believe separation of social media and e-commerce might slowdown the growth of social commerce like TikTok Shop, Facebook Shop, and Instagram Shop for sometime.
Business
Mixed response on the new e-commerce regulation (2)
Shares of e-commerce platforms GOTO (parent of Tokopedia), BUKA (bukalapak.com), and BELI (parent of blibli.com) gained grounds Tuesday (Sep 25) as some investors believe separation of social media and e-commerce might slowdown the growth of social commerce like TikTok Shop, Facebook Shop, and Instagram Shop for sometime.
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BI Leaves Rates Steady for 8th Time
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...
Japan Holds Rates, Signals No Rush to Tighten Policy
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...
Palm Oil Futures Hover at Near 3-Month Low
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...
Profiles
CBI Group, So Far
Shares of plantation firm PT Sawit Sumbermas Sarana Tbk (SSMS) ended lower by 2% on Tuesday (Sep 5), while sister palm processing company PT Citra Borneo Utama Tbk (CBUT) fell 3.8%. SSMS and CBUT are both controlled by Citra Indah Borneo (CBI) Group, which is owned by the family of H Abdul Rasyid AS.
