The Financial Services Authority (OJK) revealed that the banking liquidity remains sufficient despite slower growth in the third party funds. In July 2022, third party funds grew 8.59% year on year (y/y) to Rp7,564 trillion, slower than previous month (9.13%) as a result of the normalization of monetary policy.
Read MoreToday, Sept 15, Democratic Party holds its National Leadership Meeting (Rapimnas) at the Jakarta Convention Center. This event is noteworthy in light of 2024 race, especially given that Democratic Party is in intensive talks with Nasdem Party and PKS regarding the idea of pairing Agus Harimurti Yudhoyono (AHY), the eldest son of the sixth President Susilo Bambang Yudhoyono (SBY), with Anies Baswedan.
Read MorePresident Joko “Jokowi” Widodo, who was accompanied by Defense Minister Prabowo Subianto, visited Maluku province on Wednesday (Sept 14). The visit occurred amid a controversial idea that the President might run as Prabowo’s running mate in 2024 race.
Read MoreMarket participants for initial public offering (IPO) are still waiting some interesting companies, including three subsidiaries of state oil and gas company Pertamina—-PGE, PHE, and Pertamedika IHC, subsidiary of Jasa Marga (JSMR), BCA Digital, and Amman Mineral Nusa Tenggara (AMNT).
Read MoreShares of PT Timah (TINS) Tbk, one of the world’s largest tin producers, ended lower by 1.66% to Rp1,485 on Wednesday (Sep 15) as investors responded correction of tin prices. Looks cheap as it was traded with PE multiple 5 on annualized earnings in the first half.
Read More