4:00 pm September 22, 2014 | No Comment
Indonesia’s financial regulator is considering imposing a limit on the micro lending interest rate to reduce the cost of funds for small and medium businesses in Southeast Asia’s largest economy, a spokesman said on Monday.
3:45 pm September 22, 2014 | No Comment
Aberdeen Asset Management, a European fund management company, plans to complete its acquisition of a majority stake in NISP Asset Management this month, marking Aberdeen's venture in the fund management business in Indonesia, according to a person familiar with the situation said.
1:23 pm September 22, 2014 | No Comment
US banks will probably wait to see if selling Shariah-compliant bonds is worth the trouble after it took Goldman Sachs Group Inc. three years to sell its debut sukuk.
7:41 pm September 18, 2014 | No Comment
Bank Rakyat Indonesia, the world’s largest micro lender, will set aside about Rp 3 trillion ($252 million) to finance the acquisition of a small-sized micro lender next year after failing to acquire Bank Mutiara.
4:23 pm September 18, 2014 | No Comment
Bank Central Asia, Indonesia’s third-biggest lender by assets, is planning a “one-card-fits-all” product that it plans to introduce in the next five years, in a bid to boost electronic banking transactions.
8:13 pm September 17, 2014 | No Comment
The government issued on Wednesday a set of guidelines that it says will provide clear terms for state-owned enterprises to enter foreign-exchange hedging transaction, in a bid to maintain the rupiah exchange rate and financial system stability.
9:33 pm September 15, 2014 | No Comment
J Trust, a Japanese finance company, must conclude its stake acquisition of Bank Mutiara before its Nov. 21 deadline, a spokesman at the Indonesian Deposit Insurance Corporation, or LPS, said on Monday.
8:48 pm September 15, 2014 | No Comment
Bank CIMB Niaga, Indonesia’s fifth-largest lender by assets, aims within four years to get 500,000 holders of its credit card that will be sponsored by other brands, counting on the growing numbers of Indonesians traveling.