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FSA: British’s Stanchard, Astra to Releases Bank Permata Shares

JAKARTA (TheInsiderStories) - After un-clarified, last week, Indonesian Financial Service Agency admitted that British' Standard Chatered Plc (Stanchard) and publicly listed company, PT Astra...

Singapore’s DBS Join the Race to Acquires Bank Permata Shares

JAKARTA (TheInsiderSTories) - Singapore' DBS Group Holdings Ltd. is considering joining the race to acquire PT Bank Permata Tbk (IDX: BNLI), Bloomberg reported today (10/09). The Indonesian...

Low Demand, Indonesian Car Sales Dropps in August 2019

JAKARTA (TheInsiderStories) - Indonesian car sales dropped 11.54 percent to 90,403 units in August from same month in 2018 of 102,197 units, said the car...

Indonesia’s United Tractors Gives Loan to Acset Indonusa US$169M

JAKARTA (TheInsiderStories) - Indonesia' heavy equipment distributor, PT United Tractors Tbk (IDX: UNTR) give fresh loans Rp2.4 trillion (US$169.01 million) to its unit PT...

Indonesia’s FIF’s Gets Baa2 Long-term Ratings, Outlook stable

Indonesia got a good news from European discrimination against domestic palm oil products because of the raising of world crude palm oil (CPO) price...

Moody’s Affirms Astra Sedaya Finance’s Baa2 ratings

Singapore (TheInsiderStories) - Moody's Investors Service has affirmed the Baa2 local and foreign currency long-term issuer ratings, and Prime-2 (P-2) local- and foreign-currency short-term...

Indonesia’s Bank Mandiri Conducts Due Dilligence to Acquire Bank Permata

JAKARTA (TheInsiderStories) - Indonesian state-owned lender, PT Bank Mandiri Tbk (IDX: BMRI) finally confirmed that it plans to acquire PT Bank Permata Tbk (IDX:...

Indonesia’ Bank Mandiri, Japan’s Mizuho Potentially to Acquire Stanchard Shares

JAKARTA (TheInsiderStories) – Indonesian lender PT Bank Mandiri Tbk (IDX: BMRI) and Japan' Mizuho Bank are considered as the potential buyers to acquire Standard...

British’s Stanchard Considers to Releases Bank Permata Shares

JAKARTA (TheInsiderStories) - British lender Standard Chartered PLC (Stanchard) has considers to eliminate residual drags on returns from low-returning markets, including India, Korea, the UAE...

Indonesia’s United Tractors Officially Acquires Martabe Gold Mine

JAKARTA (TheInsiderStories) - Indonesian miner, PT United Tractors Tbk (IDX: UNTR), through its subsidiary PT Danusa Tambang Nusantara, officially became a shareholder of Agincourt...

Bank Permata Sells 25% Share in Astra Sedaya Finance

JAKARTA (TheInsiderStories)—PT Bank Permata Tbk (IDX: BNLI) sold 25 per cent stake in PT Astra Sedaya Finance (ASF) to PT Astra International Tbk (IDX:...

Indonesia’s Astra Getting More Aggressive This Year

JAKARTA (TheInsiderStories) - Indonesia's conglomeration company PT Astra International Tbk (IDX: ASII) more aggressively to expand their business and seeking various opportunity in the...

Financial Service Division Lifts Astra’s Net Profit

JAKARTA (TheInsiderStories) - Diversified group PT Astra International Tbk (IDX:ASII) booked net profit of Rp18.88 trillion in 2017, increased 25 per cent from Rp15.16...

Astra International Invests US$150M in Go-Jek

JAKARTA (TheInsiderStories) - PT Astra International Tbk (IDX:ASII), the country's largest automotive company, confirmed on Monday (12/01) that it has agreed to invest US$150 million...

Astra-Hong Kong Land to Develop US$74.5M Project in Jakarta

JAKARTA (TheInsiderStories) - Indonesia's based conglomerate group Astra International has joined forces with a Hong Kong-based multinational property group to develop Arumaya, a residential...

Industry Review: Modest Growth Outlook in 2018 for Car Industry

JAKARTA (TheInsiderStories) - Indonesian automotive conglomerate PT Astra International Tbk (IDX:ASII) expects the automotive market to record modest growth next year, on the back...

Astra, Sinar Mas Keep Property Plays Busy

JAKARTA (TheInsiderStories) - Indonesian conglomeration PT Astra International Tbk (IDX: ASII) has expanded its ownership of property through subsidiary company PT Astra Modern Land (AML),...