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Profit of Indonesia Astra’s Automotive Business Drops 14%

JAKARTA (TheInsiderStories) - Profit from automotive division of Indonesian conglomeration company, PT Astra International Tbk (IDX: ASII) dropped by 14 percent to Rp6.1 trillion (US$435.71 million)...

Toyota Indonesia Plans to Produce Electric Cars Starting 2022

JAKARTA (TheInsiderStories) - Indonesian car manufacturer, PT Toyota Motor Manufacturing Indonesia (TMMIN) announced ready to produce electric vehicles (EV) hybrids starting in 2022 with sport utility vehicles (SUV)...

Moody’s Affirms Bank Permata’s Baa3 Ratings with a Stable Outlook

Singapore (TheInsiderStories) - Moody's Investors Service has affirmed Bank Permata Tbk (P.T.)' long-term local and foreign currency deposit ratings of Baa3, as well as its Adjusted Baseline...

Indonesia’s FIF Launchs Local Bond US$89M for Retail Investor

JAKARTA (TheInsiderStories) - PT Federal International Finance (FIF), an Indonesia multi-finance company launched local bonds worth of Rp1.3 trillion (US$89.66 million for retail investors, said the...

Indonesia’s Astra, WeLab Redefines Consumer Lending in Indonesia

JAKARTA (TheInsiderStories) - PT Astra International Tbk (IDX: ASII), one of Indonesia’s largest diversified holding companies, through its subsidiary PT Sedaya Multi Investama, and WeLab, a...

Indonesia’s Astra Raises Capex for Acquisition Plans

JAKARTA (TheInsiderStories) - President Director of PT Astra International Tbk (IDX: ASII) Prijono Sugiharto said this year' capital expenditure (capex) will escalate to around Rp30...