(Insider Stories) - Bank Internasional Indonesia Finance Center, an automotive financing arm of PT Bank Internasional Indonesia Tbk, sets the coupon rate of its Rp 1.5 trillion bonds at around 7.0 percent to 8.5 percent. Alexander, BII Finance Center’s President Director said on Monday the company plans to use proceeds of the bond sale to support expansion, Read more
(The Insider Stories) - UMW Holdings Bhd is making inroads into the Indonesian automotive sector via a joint venture with the Bluebird Group. UMW president and group chief executive officer Datuk Syed Hisham Syed Wazir and PT Pusaka Sukucadang president director Noni Purnomo, on behalf of Bluebird, signed the joint-venture agreement. UMW M&E Sdn Bhd, Read more
(Insider Stories) - Auto sales in Indonesia in the first four months of the year reached 398,108 units, 15% from a year earlier, and are in line to meet industry forecasts of full-year sales around the same level as last year’s 1.1 million vehicles, according to data released Tuesday from Indonesia’s top auto maker by sales, PT Astra Read more
(Insider Stories) - While profitability and asset quality are at their cyclical best at most Indonesian multifinance companies, narrowly-focused business profiles inhibit their ability to diversify funding sources beyond banks, while operating conditions can be difficult and underwriting lax, Fitch Ratings says. Nonetheless, progress in the regulatory framework and potential shareholder support for most multifinance Read more
(The Insider Stories) - German automaker Volkswagen AG (DAX:VOW) has officially opened a new dealership in Jakarta to expand its network and improve services in Indonesia. VW Indonesia national sales manager Jonas Chendana says this is the company’s second distribution outlet with international standards in Jakarta and the fifth in the country after Bandung, Surabaya and Read more
(The Insider Stories) - Indonesian motorcycle dealer PT Mitra Pinasthika Mustika has set its IPO price at IDR1,500 a share and will raise US$153 million from the listing, its chief executive says, confirming The Insider Stories report published Thursday. The indicative price range was IDR1,500-IDR2,000 per share. Tossin Himawan adds that demand came from domestic, Read more
(Insider News) – Indonesian motorcycle dealer PT Mitra Pinasthika Mustika has set its IPO price at 1,500 rupiah per share to raise an expected US$153 million. The price is at the bottom end of its indicative range of IDR1,500-IDR2,000 a share. MPM expects to sell 1.02 billion shares and will list on May 29. Deutsche Bank Read more
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