Finance
Official dollar nears $1,500 and hits highest value of the year
Reported by AI Image generated by AI
The official dollar closed on Wednesday, June 24 at $1,445 for purchase and $1,495 for sale at Banco Nación, up $5 from the previous close.
PT Telkom Indonesia presented a 22 percent dividend achievement for 2026 and 2025 financial results during a working meeting with Commission VI of the Indonesian House of Representatives on Wednesday.
Reported by AI
JPMorgan has downgraded its view on Indian IT companies, forecasting weaker demand and multiple headwinds over the next two years. The brokerage lowered ratings on several stocks including HCL Technologies and Wipro.
A research team has found that cash creates economic value nearly three times higher than the costs it generates.
Reported by AI
Asian markets surged on June 25 after Micron Technology projected robust future demand during its fiscal third quarter earnings call. The chipmaker's shares rose sharply, boosting confidence in the AI trade. Falling oil prices added to the positive sentiment across regional bourses.
MSCI released its market classification review on June 24 2026 and kept Indonesia in the emerging market category. OJK welcomed the outcome.
Reported by AI
South Korea will continue its efforts to reach MSCI Developed Market status after the index provider kept the country in the Emerging Market category, the finance ministry said Wednesday.
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