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Four Indonesian Banks are Rated Stable by Fitch Ratings

JAKARTA (TheInsiderStories) - Fitch Ratings Indonesia has rated for four local bank owned by foreign investors. The agency affirmed PT Bank Tabungan Pensiunan Nasional Tbk...

BTPN Submits Formal Assessment on Merger with Sumitomo

JAKARTA (TheInsiderStories) - Indonesian lender PT Bank Tabungan Pensiunan Nasional (IDX: BTPN) announced on Monday that it had entered a formal assessment in its...

Borneo Olah Sarana Seeking to Raise Rp240B from IPO

JAKARTA (TheInsiderStories) - PT Borneo Olah Sarana Sukses (IDX:BOSS), a coal mining company, is seeking to raise between Rp140-Rp240 billion from its plan initial...

Japan’s BTMU Buys 73.8% Bank Danamon Shares for US$5.9 billion

JAKARTA (TheInsiderStories) - Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) has agreed to acquire 73.8 per cent or a majority stake of PT Bank Danamon Indonesia Tbk (IDX:...