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Indonesia’s Bank Mandiri, Alipay Set Up Cross Border e-Wallet

JAKARTA (TheInsiderStories) - State lender, PT Bank Mandiri Tbk (IDX: BMRI) joint with an electronic wallet from China, Alipay, set up a cross border...

Indonesia’s Krakatau Steel to Restructure Loans with Three Schemes

Jakarta (TheInsiderStories) - Indonesian steel maker, PT Krakatau Steel Tbk (IDX: KRAS) will use three schemes to restructure the company' loans with total amount...

Change in State Bank Management Led to Chaotic

Jakarta (TheInsiderStories) - Indonesia' State Own Enterprises (SOE) Minister Rini Soemarno held a series of extraordinary general meeting (EGM) of the State banks despite...

Indonesia’s Bank Mandiri Plans to Sell 40% Mandiri Axa General Insurance

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) plans to sell all shares of PT Mandiri...

Morning Briefing: Indonesia’ 2Q Investment Data Out This Week

JAKARTA (TheInsiderStories) – Good morning! This week, investors will direct their attention to Indonesian investment data from the Investment Coordinating Board. With certainty after...

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:...

Moody’s Assigns (P)Baa2 to Bank Mandiri’s US$2B EMTN Program

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a (P)Baa2 long-term foreign currency senior unsecured rating to Bank Mandiri (P.T.)'s (Baa2 stable, baa3) US$2 billion...

Speed Up Banking Consolidation, FSA to Revise Single Presence Policy Rule

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) will revise the single presence policy (SPP) to lessen the number of banks in Indonesia, as...

Indonesia’s Bank Mandiri Seeks a Medium-scale Bank

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) plans to acquire a medium-scale bank with a...

Indonesia’s Bank Mandiri Seeking Funds US$2.76B

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) seeking funds up to Rp 40 trillion (US$2.76...

Indonesia’s Bank Mandiri Sells 40% of Axa Insurance

JAKARTA (TheInsiderStories) - The largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) sold 40 percent of PT Mandiri AXA General Insurance (MAGI)...

Indonesia’s Bank Mandiri Raises US$207M from Bond Sale

JAKARTA (TheInsiderStories) - Indonesia's state-owned lender PT Bank Mandiri Tbk (IDX:BMRI) raised Rp3 trillion (US$206.90 million) from sales of five-year bond at a coupon of 8.5...

Bank Mandiri to Raise US$247 M Bonds in Q3

JAKARTA (TheInsiderStories) - State controlled lender PT Bank Mandiri (IDX: BMRI) aimed to raise fresh funds by issuing bonds worth Rp3.5 trillion (approx. US$250 million)...

State Losses from Bank Mandiri Fraud Reaches US$129M

JAKARTA (TheInsiderStories)--Indonesia's Supreme Audit Agency reported state losses amounting to Rp1.83 trillion on alleged credit fraud in PT Bank Mandiri Tbk (IDX: BMRI) through a loan...

Bank Mandiri Installs 4 New Directors

JAKARTA (TheInsiderStories) – Indonesia’s largest bank in assets term PT Bank Mandiri Tbk (IDX:BMRI) on Wednesday (21/3) installs four new directors, replacing those who...

Policy Review: Time to Prioritize Manufacturing Sector

JAKARTA (TheInsiderStories) – It is not difficult to see that our manufacturing sector has yet to find its way to a top priority policy of the...

Pertamina Bags US$600M Loan from MUFG, Bank Mandiri

JAKARTA (TheInsiderStories) – Diversified state energy company PT Pertamina on Thursday (02/08) secured a syndicated loan worth US$600 million from eight international banks. PT Bank...

Bank Mandiri Net Profit up 53% to Rp20 Trillion in 2017

JAKARTA (TheInsiderStories) - The largest state-owned lender PT Bank Mandiri Tbk (IDX:BMRI) booked net profit of Rp20 trillion (US$1.4 billion) in 2017, increased by 53...

Indonesia’s FSA Cuts Margin Hedging Transactions by 10%

JAKARTA (TheInsiderStories) – The Financial Services Authority (FSA) plans to issue a regulation on currency hedging, the intention of which is to extend protection to investors...

Komodo Bond to be Listed on London Stock Exchange

JAKARTA (TheInsiderStories) - The Indonesian government and several financial institutions have started to promote the Komodo Bond in Europe this week. Four state-owned Enterprises...

Wijaya Karya Secures US$66 Million Loan for Land Acquisition

JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has secured Rp894 billion (US$66.22 million) from PT Bank Mandiri Tbk (IDX:...

Daily Business Briefs — Nov 8

JAKARTA (TheInsiderStories) – Good Morning. We provide several important news items that might help your business decisions today, as follows: Bank Mandiri disburses Rp1.4 Trillion...

Major Banks Report Strong Jan-Sept Performance

JAKARTA (TheInsiderStories) - Indonesia's large banks have disclosed their financial results for the third quarter of the year. Several State-owned Enterprise (SOEs) banks recorded strong performance,...

Indonesia Introduces ‘Komodo Bond’

JAKARTA (TheInsiderStories) - Indonesia’s largest financial service,  Bank Mandiri Group, has introduced Global IDR Bonds, their newest international capital market investment instrument, to offer an alternative...