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Mysterious 1,000% Stock Gains Baffle Traders in Indonesia

(Bloomberg) -- Unexplained gains in Indonesian stocks are fueling calls for tighter regulation in Southeast Asia’s biggest equity market.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedBiggest Losers of AI Boom Are K...
Republic Of Hong Kong John Rachmat Jerry Goh Petrindo Jaya Kreasi Prajogo Pangestu
Source: yahoo.com

Mysterious 1,000 percent stock gains baffle traders in Indonesia

Unexplained gains in Indonesian stocks are fueling calls for tighter regulation in Southeast Asiaโ€™s biggest equity market. Known as โ€œdeep friedโ€ shares among local traders, they often have concentrated ownership, low trading volume, scant analyst coverage and elevated valuations relative to peers. In the past three years, at least 83…
Republic Of John Rachmat Andrey Wijaya Marina Budiman Joko Widodo Prajogo Pangestu

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Five Asians the biggest billionaire gainers in 2022 — Forbes

KUALA LUMPUR (Dec 25): While global billionaires have lost nearly US$2 trillion (RM8.85 trillion) this year, five Asians have become about US$93 billion richer than last year, according to estimates by Forbes. In a report last week, the magazine said the world's billionaires lost more than US$1.9 trillion in wealth, driven primarily by tumbling stock prices due largely to higher inflation and slower economic growth. But amid the overall downturn, a subset of billionaires bucked the trend.
Kuala Lumpur Wu Yiling New Delhi Kentucky Fried Chicken Negeri Sembilan Gautam Adani

Indonesian banks prop up coal industry increasingly shunned by outside lenders

JAKARTA โ€” Indonesia’s four largest banks handed out loans totaling $3.5 billion of direct loans to the coal industry from 2015-2021, despite their stated commitments to sustainable financial practices, a new report shows. The report by a coalition of civil society groups looked at loans made by BNI, BRI and Bank Mandiri, all state-owned lenders, […]
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