International sanctions seem like a burden to North Korea, but the government swings the move to become self-reliant by promoting the use of domestic cosmetics over foreign brands to its middle-class women.
After being sprawled for the last 4 trading days since last Thursday (1/8/2019), the Composite Stock Price Index (CSPI) has finally rebounded! In trading session I this Wednesday (7/8/2019), JCI closed up at 1.42% or at the level of 6,206.42.
US Customs and Border Protection released an announcement on Monday that the government has ended visa-free entry rights to the United States for foreign citizens who have visited North Korea.
President of United States (US), Donald Trump speech who accused Beijing as a currency manipulator apparently didn’t only mark the tension of a trade war that is heating up between the two world's largest economies. This also caused the fall of Chinese yuan exchange rate in foreign markets to as low as 7,126 per US dollar. Surprisingly, this weakening became the lowest in the last decade in trading on Tuesday (6/8) morning.
The fall of Composite Stock Price Index (CSPI) in last 2 days since Monday had a big impact on capital market in Indonesia. Because along with the drop in CSPI, the share prices of six large-capitalized banks (BOOK IV, core capital above Rp 30 trillion) were also compactly collapsed on Tuesday (6/8/2019) session I on the Indonesia Stock Exchange (IDX).
It is reported that on Monday (8/4/19), there was power outages incident since 11:45 am which caused the areas in Greater Jakarta, West Java and Central Java to dark out.
People were left in shock on Sunday, August 4. It is because of the sudden blackout that hits Banten, Jakarta, Bandung and more cities. What's more important, the blackout occurs for 6-18 hours; varies duration in different places.
The Central Statistics Agency (BPS) has released a report on investment growth in the second quarter of 2019. In its report, the BPS said that economic growth in the second quarter of 2019 was only 5.01 percent or lower than the same period last year of 5.85 percent. This weakening occurred due to the contraction in the growth of investment in capital goods, in addition to buildings and machinery.