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US: Citi Closes 13 Retail Banking Operations Including Indonesia

JAKARTA (TheInsiderStories) - An American multinational investment bank and financial services, Citigroup, announced that it will close its retail banking operations in 13 countries across Asia...

16 Issuers Ready to Publishes Bond US$1.4B on IDX

JAKARTA (TheInsiderStories) - The Indonesia Stock Exchange (IDX) reported that 16 companies ready to publish 20 series of local bonds with total amount Rp20.82 trillion (US$1.43...

Indonesian unit of Industrial Bank of Korea Raises Capital

JAKARTA (TheInsiderStories) - PT Bank IBK Indonesia Tbk (IDX: AGRS), a local lender owned by Industrial Bank of Korea (IBK), plans to releasing new shares up...

Investors Eyes Bank Sampoerna Shares, Banking Consolidation is Underway

JAKARTA (TheInsiderStories) - Foreign and local investors eyes PT Bank Sahabat Sampoerna shares, said the director on Thursday (03/04). Beside capital injection scheme, the company also...

Bank Indonesia Revises Down Loan Growth to 5 – 7% due...

JAKARTA (TheInsiderStories) -  Bank Indonesia (BI) revised down the loan growth from 7 - 9 percent to 5 - 7 percent in this year amidst the...

Sea Group Asks Permit to Acquire Bank Kesejahteraan Ekonomi

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) admitted the Singapore' Sea Limited (NYSE: SE) has asked permit to become the shareholder of local lender, PT...

Indonesia’s Bank Net Syariah Set to Raises US$37M from the IPO

JAKARTA (TheInsiderStories) - The future digital bank, PT Bank Net Indonesia Syariah, set the listing price Rp103 a share or in total Rp515 billion (US$36.78 million). Based...

FSA: Indonesian Banking Loans to Grow 7.5% in 2021

JAKARTA (TheInsiderStories) - The Financial Service Authority (FSA) sees that banking loans to grow around 7.5 percent in this year based on the business plans...

Indonesia’s FSA Sees Fundraising to Reaches US$12.76B in 2021

JAKARTA (TheInsiderStories) - Chairman of the Financial Service Authority (FSA), Wimboh Santoso, optimistic total fundraising in Indonesian capital market penetrates to Rp180 trillion (US$12.76 billion) in...

Indonesia’s Car Sales Drops 48.35% in 2020

JAKARTA (TheInsiderStories) - Indonesian car sales dropped by 48.35 percent during 2020 depressed by the COVID-19 pandemic, the Association of Indonesian Automotive Industries reported today. During...

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...

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 FAF Agri Go IPO, Eyes Fresh Funds US$71M

JAKARTA (TheInsiderStories) - A local firm engaged in palm oil businesses, PT FAP Agri Tbk, plans to list its shares (IPO) on the Indonesia Stock...

Banking Credit in Indonesia Contractions 1.39% in November

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported banking credit contracted 1.39 percent in November compared to the same period of 2019 due to the...

The Amount of P2P Lending in Indonesia to Reaches US$6.14B in...

JAKARTA (TheInsiderStories) - The Indonesian Joint Funding Financial Technology (FinTech) Association estimates that peer to peer (P2P) lending in 2021 could reached Rp86 trillion (US$6.10 billion)...

20 Companies Queuing Go IPO in Indonesia Stock Exchange

JAKARTA (TheInsiderStories) - The Indonesia Stock Exchange (IDX) recorded there are 20 companies are ready to conduct an initial public offering (IPO) until next year, said...

FSA Revises Public Offering Value, Regulate Crowdfunding and Disgorgement Fund

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) plans to revise the minimum values of public offering in the capital market from Rp1 billion...

Indonesia Regulates P2P Lending and Minimum Capital of FinTech Firm

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) has plans to regulate the implementation of peer-to-peer lending (P2P) for financial technology (FinTech). The agency also...

Mega Corpora Acquires 26% Bank Bengkulu Shares

JAKARTA (TheInsiderStories) - PT Mega Corpora owned by Indonesian tycoon, Chairul Tanjung, will become the new shareholder of PT Bank Bengkulu, after acquired 26 percent...

Major Banks in Indonesia Affected by COVID-19

JAKARTA (TheInsiderStories) - Major banks in Indonesia reported that their financial result and loans growth until September (9M) of 2020 had decreased due to the pandemic....

FSA: Fundraising in Indonesian Capital Market Only US$6.80B

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) sees that fundraising in the capital market only reach Rp100 trillion (US$6.80 billion), less than this year' target of...

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...

Indonesia’s FSA Revokes Recapital General Insurance License

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) has revoked business license of PT Asuransi Recapital, owned by Sandiaga S. Uno and Rosan Perkasa...

Not Have Much Hedging Instruments, Foreign Investors Leaves Indonesia

JAKARTA (TheInsiderStories) - Chairman of Financial Service Agency (FSA), Wimboh Santoso, admitted foreign investors leaves Indonesian capital market because does not have much hedging instruments. To...

Indonesian Banking Loan Growth Stagnated in September

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the national banking loan growth almost stagnant at 0.12 percent in September compared to August, which was still grew 1.04...

12 Issuers Ready to Buyback Shares US$168M at IDX

JAKARTA (TheInsiderStories) - The Indonesia Stock Exchange (IDX) reported there are 12 public issuers are planning to buyback their shares in the secondary market with total...

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...

Six Prospective Issuers Ready to Take Floor This Year

JAKARTA (TheInsiderStories) - The Indonesia Stock Exchange (IDX) reported there are six prospective issuer ready to take floor in this year. As of Sept. 21, said...

Indonesia Prepares Omnibus Law for Financial Sectors

JAKARTA (TheInsiderStories) - The Ministry of finance (MoF) prepared omnibus law for the financial sectors to strengthening the industry, the draft showed. The program is part of...

Indonesia’s FSA Provides Incentives for Purchasing Electric Vehicles

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) plans to give an incentives for the purchasing and credit distributions for the electric vehicle (EV) in Indonesia,...
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