2. Duit (2 x 24)
2. Duit (2 x 24)
Asian currencies mixed,
yen rally helps some
JP/
Asian Currencies Mixed Late; Late Yen Rally Helps Some
Asian currencies were mixed against the dollar Wednesday, with
the South Korean won and New Taiwan dollar strengthening on the
back of gains in local stock markets and a late session yen
rally.
The Singapore dollar and Indonesian rupiah also advanced,
while the Philippine peso and Thai baht lost ground against the
U.S. currency.
The dollar, which has dominated currency markets regionally
and globally during the past two days began showing signs of
fatigue in the afternoon session against both the yen and euro.
The dollar opened the Asian trading day stronger against the
yen on the heels of better-than-expected U.S. retail sales data
for April and a strong performance in U.S. stock markets. The
Nasdaq Composite Index rose 4.0 percent, while the Dow Jones
Industrial Average advanced 1.9 percent.
But a follow-up rally on the Tokyo Stock Exchange, as well as
news that Japan's current account surplus increased by 52 percent
in March from a year earlier, gave investors reason to buy back
the yen.
3. IT (2 x 20)
IT product retail
sales up 15 percent
JP/ /
IT product retail sales up 15 percent this year
The sales of Information Technology (IT) solutions and
services for the retailing sector in Indonesia is predicted to
reach US$80 million this year, an increase of about 15 percent
from around US$70 million last year.
Pawan Murari, the retailing unit chairman of PT Sejatibina
Delta Informatika (SDI) Technologies, said that next year the
sales would also grow at least 15 percent. More than 70 percent
of the sales would be for hardware and the rest for software.
SDI, an IT solutions and services provider, was founded in
1995 and has expanded to Australia, France, the U.S. and India.
"Actually the IT market for the retailing sector here is very
potential. There are 60 local retailers here. But most of them
have not yet applied to the IT solutions and services," he told
The Jakarta Post on Wednesday.