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FSA to Regulates Indonesian Banking Policies

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) is working on the new policies concerning on the commercial banks and its business activities, said the agency...

Indonesia’s Bank Mayapada to Raises US$142M from Rights Issue

JAKARTA (TheInsiderStories) - A private lender, PT Bank Mayapada International Tbk (IDX: MAYA), announced an exercise price for the rights issue at Rp400 (US$0.03) a...

Bank Banten Set the Rights Issue Price US$0.003 a Unit

JAKARTA (TheInsiderStories) - A regional bank, PT Bank Pembangunan Daerah Banten Tbk (IDX: BEKS) has set the rights issue price Rp50 a share and plans to...

Indonesia’s Cakap Raises Series A Funding US$3M from Heritas

JAKARTA (TheInsiderStories) - Cakap, a local online language learning platform, its successful raised US$3 million of Series A funding, the startup announced today. The round was...

Chairul Tanjung Acquires Majority Stake of Bank Harda

JAKARTA (TheInsiderStories) - PT Mega Corpora, the company owned by Indonesian tycoon, Chairul Tanjung, announced has acquired 73.71 percent shares of PT Bank Harda Internasional...

Industrial Bank of Korea Injects US$67M to Bank IBK Indonesia

JAKARTA (TheInsiderStories) - Industrial Bank of Korea, the controlling shareholder of PT Bank IBK Indonesia Tbk (IDX: AGRS) has injected fresh capital to the unit worth...

Indonesia’s FSA Receives Kookmin Bank’s Commitment at Bank Bukopin

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) had received a commitment from KB Kookmin Bank to continues to acquire a portion shares of...

Shareholders of Bank Mayapada Injects Capital through Rights Issue

JAKARTA (TheInsiderStories) - Shareholders of PT Bank Mayapada Internasional Tbk (IDX: MAYA) plans to inject new capital to strengthen the local lender' capital adequacy ratio...

Indonesia’s Convergence, Agaeti Merged Into AC Ventures

JAKARTA (TheInsiderStories) - Two Indonesian venture capital (VC) companies Convergence Ventures and Agaeti Ventures has merged their businesses into AC Ventures. The new entity will continue the...

Morning Briefing: BI Sees Indonesia Economy Rebound in 2Q

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia believes there is an economic rebound in the second quarter (2Q) of 2020 due to the coronavirus outbreak. The...

Indonesian Govt Injects Capital US$50M to Geo Dipa

JAKARTA (TheInsiderStories) - Indonesian government injected fresh capital Rp700 billion (US$50 million) to state firm PT Geo Dipa Energi, said the official yesterday (09/18). The...

Indonesia’s Bank Tabungan Negara Offers US$220M Local Bond

JAKARTA (TheInsiderStories) - Indonesian state lender, PT Bank Tabungan Negara Tbk (IDX: BBTN) will issue Rp3.14 trillion (US$219.80 million) local bond by the end of this...

Indonesia’s Bank Jabar Will Gain Capital From Private Placement

JAKARTA (TheInsiderStories) - Regional lender, PT Bank Jawa Barat and Banten Tbk (IDX: BJBR) will gain capital around Rp684.19 billion (US$47.19 million) via private...