Bank Muamalat’s Profit Drops 71.6%

JAKARTA (Yosefardi) – Bank Muamat, the largest Islamic bank in Indonesia, reported a 71.6% drop in net profit, to Rp30 billion in first half of 2016, compared to Rp106 billion in the corresponding period of 2015. Revenue fell 22.8% to Rp866 billion from previous...

Market & Inflation

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange opened higher 1.9% at 5315 this morning. Profit taking afternoon session on Friday last week (July 29) dragged down IDX by 1.57% to close at 5216. Investors (mainly local) sold off shares of...