Humpuss Maritim to Pay Dividend Rp18 Billion

Jun 19, 2024 | News Group

Tommy Soeharto’s affiliated shipping firm Humpuss Maritim Internasional (HUMI) plans to distribute dividend to shareholders worth Rp18.04 billion, representing 14.4% of its net profit in 2023. or the equivalent of Rp1 per share. The payment is scheduled for July...

Weakest Rupiah Since April 2020

Jun 18, 2024 | News Group

The rupiah exchange rate last on Friday last week (June 14) fell to its weakest level since April 2020 when the country was hit by the Covid-19 pandemic. This week, the market is waiting for the decision of the Bank Indonesia Board of Governors Meeting (RDG BI) on...

Lower FFB Oil Palm Price in East Kalimantan

Jun 18, 2024 | News Group

Fresh Fruit Bunches (FFB) oil palm price in East Kalimantan Province have experienced a decrease this month, occurred across planting age groups. FFB price from oil palm trees aged 10 years and over is now at Rp2,629.92 per kg this month, lower than Rp2,634.98 last...

Asian Markets Mostly Advance

Jun 6, 2024 | News Group

Asian equity markets mostly rose on Wednesday, tracking small gains on Wall Street overnight after data pointing to signs of a cooling US labor market reignited hopes for Federal Reserve interest rate cuts. Investors also assessed data showing Australia’s economy grew...

Palm Oil Trades Higher

Jun 6, 2024 | News Group

Malaysian palm oil futures rose modestly to around MYR 3,940 per tonne, supported by strength in soyoil contracts in the Dalian Exchange and the CBoT. The contracts tried to recover their steepest one-day fall since May 2023 of nearly 4% in the prior session, amid...

Oil Rebounds After Five-Day Losing Streak

Jun 6, 2024 | News Group

WTI crude futures gained 1.1% to settle at $74.07 per barrel on Wednesday, snapping a five-day losing streak. This rebound was driven by optimism over a potential Federal Reserve rate cut in September, which outweighed the rise in US crude and fuel stocks. The...

Money Supply Still Growing in April

May 29, 2024 | News Group

Economic liquidity or money in circulation in a broad sense (M2) in April 2024 continued to grow. The M2 position in April 2024 was recorded at Rp8,928.0 trillion or grew by 6.9% year on year (y/y), slightly lower than the previous month of 7.2% y/y growth. The...

Palm Oil Surges Near 2%, Snaps Two-Sessions of Dips

May 29, 2024 | News Group

Malaysian palm oil futures jumped almost 2.0% to near MYR 3,950 per tonne, halting two sessions of losses amid strength in rival Dalian and Chicago soyoil contracts. In addition, signs of increased exports mounted, amid reports about low inventory levels in key buyer...

Fed Wants “Many Months” of Positive Inflation Before Cut

May 29, 2024 | News Group

The Federal Reserve should hold off on cutting interest rates until there is substantial progress on inflation, Minneapolis Federal Reserve President Kashkari stated on CNBC on Tuesday. Many months of positive inflation data are necessary to justify the first rate...
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