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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),...