*Profit from the credit card business may decline after the central bank plans to limit credit card interest rates to 2.25% from 2.95% per month.
*Philippines ordered the closure of 20 mines nickel anymore because of environmental violations. Mandiri Sekuritas assessed the majority of production being retained will have an impact on small mines. Four nickel producers: Nickel Asia (passed), Global Ferronickel (passed), SR Metals, and CTP Corp berporsi more than 60% of the total production of nickel Philippines.
*Indonesia Stock Exchange said the movement of shares of PT Bumi Citra Permai Tbk (BCIP, Rp685) in a category outside the box (UMA). Investors should pay attention to the answers to the issuer to request confirmation of the exchange.
*The government is offering Indonesian Retail Bonds (ORI) series 013 with a coupon of 6.6%. ORI-013 offering period will take place 29 September to October 20, 2016. The allotment and settlement, each scheduled for October 24 and October 26, 2019.
*Japan’s JCB looks to issue 50,000 credit cards to PT Bank Central Asia Tbk’s (BBCA) wealthy account holders in the first year of a partnership with the bank. The card issuer provides generous services in Japan, and Bank Central Asia intends to capture demand from high-income Indonesians making trips to that country. The cards may be used in locations worldwide that accept JCB, and they also will work with Indonesian retailers that are part of Bank Central Asia’s network. BBCA issues 2.7 million credit cards, mainly under its own brand to Indonesian clients. The company holds a roughly 20 percent domestic market share and used in transactions totaling Rp50 trillion in 2015, a 9.7 percent jump from the previous year.