Jakarta, CNBC Indonesia – Jerome Powell, president of the central bank of the United States (USA), also known as the Federal Reserve (the Fed), underlined his commitment to continue raising its key interest rate. This is still done even though US citizens don’t like it. As known throughout 2022, the Fed raised interest rates by … Read more
Jakarta, CNBC Indonesia – Shares of coal issuers have tumbled in congregation after soaring over the past two years. There are recorded that there are at least 21 listed coal issuers Return negative since the beginning of the year, with the worst losing a fifth of its market capitalization. The energy sector, which last year … Read more
Jakarta, CNBC Indonesia – The performance of domestic risk assets, especially equities, to start the week in 2023 was poor. The Composite Stock Price Index (IHSG), which was last year’s winner in Asia earlier in the year, was actually the biggest winner. The JCI recorded a weekly weakening of 2.42% and closed at 6,684.56 in … Read more
Jakarta, CNBC Indonesia – The Central Bank of China (People’s Bank of China / PBOC) has been buying large quantities of gold over the past two months. The World Gold Council (WGC) on Friday (6/1/2023) reported that the central bank of China (PBoC) bought 32 tons of gold in November 2022. The PBOC’s gold purchase … Read more
Jakarta, CNBC Indonesia – The Indonesian government is very persistent in moving forward with the biodiesel program that has been running since 2016. In fact, the country is expected to save Rp 330 trillion in foreign exchange. As is known, Indonesia depends heavily on imported crude oil to meet its domestic fuel needs. However, since … Read more
Jakarta, CNBC Indonesia – Several of the world’s major central banks announced another rate hike on Thursday, while also firmly indicating that it would continue into next year. A recession is even more inevitable, the higher the interest rate, the greater the risk of a subsequent economic downturn. The central bank of the United States … Read more
Jakarta, CNBC Indonesia – Global coal stock prices have fallen over the past three weeks in tandem with world coal prices hitting the US$200 per tonne level for the first time since seven months ago. So is this the end of the dominance of coal stocks? Prices of coal stocks such as ITMG, INDY and … Read more