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UBS has added Euronext NV to its "30 for 30" global stock list, replacing Bank Mandiri, citing Euronext's potential to benefit from a recovery in European trading volumes and its strong financial performance, with a 15.1% increase in adjusted EBITDA in Q3 2024. The investment bank highlights Euronext's attractive valuation and growth initiatives, while noting risks related to market volatility and regulation. Other companies on the list include Microsoft, Alibaba, Meta Platforms, and Goldman Sachs, reflecting a focus on technology disruptors in rapidly transforming sectors.
Indonesia's new sovereign wealth fund, Danantara, has unveiled its advisory team, which includes notable figures such as former Presidents Joko Widodo and Susilo Bambang Yudhoyono, economist Jeffrey Sachs, hedge fund manager Ray Dalio, and former Thai Prime Minister Thaksin Shinawatra. Launched to support a US$900 billion asset management strategy, Danantara aims to drive 8% economic growth by 2029 through the consolidation of state-owned enterprise shares and reinvestment in key sectors like natural resources, AI, energy, and food security. CEO Rosan Roeslani expresses confidence that the high-profile advisory board will enhance market sentiment and job creation.
The Indonesia stock market ended a six-day losing streak, with the Jakarta Composite Index rising 6.63 points to close at 6,983.87. Global markets showed cautious optimism, influenced by a positive lead from Wall Street, where major indices rebounded after a mid-week sell-off. Oil futures also settled higher, reflecting eased concerns over interest rate cuts following slower-than-expected inflation data.
Indonesia plans to cancel up to $550 million in bad debts for small businesses to stimulate lending and economic growth. The government is set to introduce a regulation allowing state-owned banks, including PT Bank Mandiri and PT Bank Rakyat Indonesia, to forgive troubled loans totaling as much as 8.7 trillion rupiah. Discussions are ongoing regarding which types of loans will be eligible for forgiveness.
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ubs adds euronext to global stock list amid positive growth outlook
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Euronext N.V.
Microsoft Corp
The Goldman Sachs Group, Inc.
PT Bank Mandiri (Persero) Tbk
Meta Platforms, Inc.
IDN
FRA
NOR
IRL
PRT
ITA
BEL
Sacha Holderegger
Hartmut Issel
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15:04 27.03.2025
Indonesia's Danantara unveils high-profile advisory team for asset management strategy
United States Dollar
PT Bank Mandiri (Persero) Tbk
THA
IDN
Jeffrey Sachse
Joko Widodo
Thaksin Shinawatra
Susilo Bambang Yudhoyono
Ray Dalio
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10:40 24.03.2025
indonesia stock market shows signs of recovery after six-day decline
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PT Astra Agro Lestari Tbk
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PT TIMAH Tbk
PT Bumi Resources Tbk
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PT United Tractors Tbk
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PT Energi Mega Persada Tbk
PT Bank CIMB Niaga Tbk
PT Semen Indonesia (Persero) Tbk
PT Aneka Tambang Tbk
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Central Asia Tbk
PT Bank Maybank Indonesia Tbk
PT Bank Mandiri (Persero) Tbk
PT Vale Indonesia Tbk
IDN
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21:33 22.12.2024
indonesia plans to cancel 550 million dollars in small business debts
Indonesian Rupiah
PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk
IDN
Erick Thohir
09:13 05.11.2024
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