Economy

Bingkai Karya – Japan’s Nikkei stock index surpassed the 40,000-point mark for the first time ever on Monday, fueled by a surge in technology shares. This rise continues a remarkable trend for the Japanese market in 2024, attributed to factors like corporate governance reforms and attractive valuations. Tech shares led the charge, mirroring their US

Bingkai Karya – The 24th ASEAN-EU Ministerial Meeting, held in Brussels, Belgium, on February 2, has yielded a joint commitment to enhance trade and investment relations between the member countries. The Joint Ministerial Statement, released in Jakarta on Saturday, highlights the encouraging economic cooperation between ASEAN and the EU, with the EU holding the position

Bingkai Karya – Foreign investors poured IDR 7.66 trillion into Indonesia’s financial markets from January 15th to 18th, showing confidence in the economy. This net inflow was spread across government bonds, stocks, and central bank securities. Erwin Haryono of Bank Indonesia (BI) highlighted the breakdown: IDR 5.52 trillion in bonds, IDR 0.65 trillion in stocks,

Bingkai Karya – Indonesia’s state-owned electricity company, PLN, achieved a 5.32% increase in electricity sales volume in 2023, reaching 285.23 terawatt hours (TWh) compared to 270.82 TWh in 2022. This positive performance is attributed to several key strategies implemented by PLN. Shifting Focus from Supply to Demand: One major factor contributing to the growth was

Bingkai Karya – The world of wealth management is shifting, and Dubai is emerging as a major player. With its favorable policies, convenient location, and growing number of wealthy individuals, the city is attracting attention from both clients and wealth managers alike. Why Dubai? There are several reasons why Dubai is becoming such a popular

In a landmark development, the International Monetary Fund (IMF) has made significant strides toward enhancing its global influence and promoting diversity within the organization. At a week-long meeting held in Marrakech, Morocco, the IMF, and the World Bank, two of the world’s most influential financial institutions, discussed pivotal issues such as increased contributions to the

The delegation of U.S.’ senators is reported to arrive in China on Saturday to attend the first congressional visit since their last visit 4 years ago in 2019. The U.S.’ delegation was led by Senate Majority Leader Chuck Schumer. The visit was done in the middle of sharp deterioration of the two countries’ relations, China

The construction costs for the World Expo 2025 venue in Osaka are set to rise significantly, with estimates now reaching 235 billion yen ($1.7 billion). This marks an increase of up to 50 billion yen ($330 million) from the 2020 estimate, primarily due to surging prices for materials and labor. Originally estimated at 125 billion

Saudi Arabia’s economic situation currently is in a transformation phase. They are having a big change in reducing oil dependence, diversifying income sources, and intensifying competitiveness. And this year is the midpoint of Saudi Arabia’s Vision 2030 expedition.  The latest annual review of the International Monetary Fund (IMF) shows that Saudi Arabia has made a

The league of Indonesian conglomerates were reported to launch a massive project worth $1,3 billion. And the project aims to build a new yet qualified ground for the new capital city of Indonesia. The massive project that was launched by the Indonesian conglomerates league was led by one of the biggest property monsters, Agung Sedayu