Recent Articles
Reality check for Merdeka Battery
Revenues from nickel sales surged 192% to US$1.33 billion last year, but Merdeka Battery Materials (MBMA) posted gross profit of US$77.5 million only, an increase of 74.5% from 2022. The nickel producer suffered more in the fourth quarter due to falling prices in international market on oversupply from Indonesia and softened demand.
Business
Reality check for Merdeka Battery
Revenues from nickel sales surged 192% to US$1.33 billion last year, but Merdeka Battery Materials (MBMA) posted gross profit of US$77.5 million only, an increase of 74.5% from 2022. The nickel producer suffered more in the fourth quarter due to falling prices in international market on oversupply from Indonesia and softened demand.
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Asian Markets Mixed on Wednesday
Asian equity markets were mixed on Wednesday, taking cues from a weak lead on Wall Street overnight as investors took some profits and reassessed market valuations following a historic rally to record levels. Investors also...
Palm Oil Extends Losses Ahead of Holiday
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Eurozone Economic Sentiment Improves in March
The economic sentiment indicator in the Euro Area increased to a three-month high of 96.3 in March 2024, marking an uptick from February’s revised figure of 95.5 and aligning with market expectations. Notably, the gauge...
Profiles
Erna Djuhadi passes away
Erna Hartany Djuhadi (Tan Bie Swan) has just passed away at the age of 87. Erna, wife of the late Subijanto Djuhadi, the second generation of cigarette producer, PT Nojorono Tobacco International, leaves one of the richest families in the country.