LONDON: A ceremony to repatriate the skull of a young Tasmanian man which was used for medical education in the 19th and 20th centuries will take place on Friday (March 21).
JAKARTA: Indonesia 's financial services regulator has allowed listed companies to buy back their stocks without shareholders' approval, while the central bank conducted"bold" currency intervention to calm markets, officials said on Wednesday.
The currency was hit by spillover impact from Tuesday's drop in the stock market as well as global factors including U.S. trade policy, expectations around the Federal Reserve's meeting this week and tensions in the Middle East, BI's director of monetary and securities asset management Fitra Jusdiman told Reuters.
"We hope to give a positive signal that companies have good fundamentals, to provide market confidence to investors as well as give flexibility to listed companies to conduct corporate actions to reduce share volatility," Inarno told a press conference. BI is due to hold a press conference on its monetary policy review later in the day. Most economists polled by Reuters expect BI to keep rates unchanged to prioritise rupiah stability, although a significant minority expected a 25-bp rate cut.
Indonesia IDX Buyback Stock Rupiah Currency
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