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Indonesia’s FSA Revokes Recapital’s Brokerage License

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) on Monday (02/03) revoked brokerage firm PT Recapital Sekuritas Indonesia’s license to operate as it was...

Indonesia Raises Foreign Ownership in Insurance Companies

JAKARTA (TheInsiderStories) - The government raised foreign ownership above 80 percent in Indonesian insurance companies through Government Regulation No. 3/2020 as a revised for...

Indonesia’s FSA Sets Banking Loans to Grow 11% This Year

JAKARTA (TheInsiderStories) - Indonesian Financial Service Authority (FSA) has set the country's banking loans to grow around 11 percent this year with a non-performing...

Indonesian FSA Stops Seven MNC’s Mutual Funds Sales Worth US$87M

JAKARTA (TheInsiderStories) - Indonesian Financial Services Authority (FSA) ordered the termination of seven MNC Asset Management mutual funds sales valued at Rp1.22 trillion (US$87.14...

Indonesian Authorities Integrates Nine Bank Reports

JAKARTA (TheInsiderStories) - Bank Indonesia (BI), Financial Service Authority and Indonesia Deposits Insurance Corporation (IDIC) integrated reports of the banking sector into one mechanism...

Indonesia’s FSA Stops 125 Illegal P2P Lendings

JAKARTA (TheInsiderStories) - Indonesian Financial Service Authority (FSA) through Investment Alert Taskforce stopped the operational of 125 illegal peer to peer (P2P) lendings, made...

Indonesia’s SOE Banks to Boost Loan Growth Above 10% Next Year

JAKARTA (TheInsiderStories) - Indonesian state-owned (SOE) banks are optimistic that loan growth can grow double digits next year, said the banker to media on...

South Korea’s Kookmin Bank Allows to Hold Majority in Bank Bukopin

JAKARTA (TheInsiderStories) - South Korean lender, Kookmin Bank, get a blessed from Indonesian Financial Service Agency to become major shareholder of medium lender, PT...

Indonesia’s Capital Outflow Reached US$887M in August

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) noted, foreign investors recorded a net sell of up to Rp12.6 trillion (US$887.32 million) in the...

Indonesia’s FSA Wants to Relaxing Single Presence Policy

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) aimed to relax single presence policy (SPP) to accelerate the bank consolidation, said the official on Thursday...

Garuda Indonesia Losses US$175M on Revised 2018 Result

JAKARTA (TheInsiderStories) - State-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) announces it had made a net loss of Rp2.4 trillion (US$175 million)...

Financial Regulators Imposed Sanctions to Garuda Indonesia

JAKARTA (TheInsiderStories) - Indonesia' Financial Service Authority (FSA) and Ministry of Finance have evaluated financial statement of PT Garuda Indonesia Tbk (IDX: GIAA) per...

Global Uncertainty Pushes Foreign Capital Out from Indonesia US$953M

JAKARTA (TheInsiderStories) - Indonesia's Financial Service Authority (FSA) noted foreign capital out from the country reached US$953.47 million (Rp13.73 trillion) since the beginning of...

Indonesia Improves Rights Issue Scheme

JAKARTA (TheInsiderStories) - Indonesia Financial Service Authority (FSA) issued the latest regulation regarding capital increase through a rights issue. The regulation is stated in the...

Rabobank Terminates Operation in Indonesia

JAKARTA (TheInsiderStories) - PT Rabobank International Indonesia has terminated its operational in Indonesia starting April 2019, as written in the notification letter on Tuesday...

Indonesia Financial Inclusion: a Huge Market for Foreign Suitors

JAKARTA (TheInsiderStories) - Digital Financial Services may well be the next big thing, combining existing mobile phone usage and the country's increasing appetite for...

New Bond Regulation to Boost Regional Creative Financing

JAKARTA (TheInsiderStories) - With an urgent need of more than US$105 billion for development, the government of Indonesia must manage budgets more creatively, in...