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Indonesia’s Modalku, Golden Gate Gives Funding to Paper.id

JAKARTA (TheInsiderStories) - Indonesian crowdfunding platform, PT Mitrausaha Indonesia Group (Modalku) and Golden Gate Venture provided Series A funding for Paper.id, a service (Saas)...

Morning Briefing: Mix Monetary Policy From Global Central Banks

JAKARTA (TheInsiderStories) - Good Morning! Again, Federal Reserve (Fed) Bank of New York intervened the market with what is called an overnight repurchase-agreement operation via a...

ADB Disburses US$100M Loans for Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in...

Nakeo Resigns from Asian Development Bank

JAKARTA (TheInsiderStories) - Takehiko Nakao announced his resignation as the President of Asian Development Bank, effective Jan. 16, 2020, the agency announced today (09/17). He assumed...

Indonesia Proposes New Loans US$500M to AIIB

JAKARTA (TheInsiderStories) - Indonesia has submitted a new loan to Asian Infrastructure Investment Bank (AIIB) with worth US$500 million, said the official on Thursday (08/29)....

Indonesia’s Mayapada Seeks US$70M from Rights Issue

JAKARTA (TheInsiderStories) - Publicly listed lender, PT Bank Mayapada Internasional Tbk (IDX: MAYA) seeks fund Rp1 trillion (US$70.42 million) from the rights issue plan in...

Bank Indonesia Holds the Benchmark Rate at 6%

Jakarta (TheInsiderStories) - Bank Indonesia (BI) hold its 7 days reverse repo (BI-7DRR) rate at 6 percent. The decision has been taken because 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 Bumi Resources Paying Off Debts US$100M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bumi Resources Tbk (IDX: BUMI) confirms that a Contingent Value Rights (CVRs) payment worth US$100 million occurred on June...

Morning Briefing: After Deadlock, Brexit Vote to be Held on Friday

JAKARTA (TheInsiderStories) — Good morning! United Kingdom' (UK) parliament will have Brexit vote on Friday. But the ongoing situation is there is a deadlock...

Indonesia’s DIA Sees Loan Interest Rates will Continue to Rise

JAKARTA (TheInsiderStories) - Indonesia' Deposit Insurance Agency (DIA) predicts, the national  loan interest rate will continue to rise is open, but this will run...

Indonesia’s Trans Corp Wins Loan from IFC US$275M

JAKARTA (TheInsiderStories) - Trans Corpora (Trans Corp), unit of conglomeration company CT Corpora (CT Corp) get loans US$275 million from International Finance Corporation (IFC), to support the...

Jakarta Tollroad Development Received Loan US$931M

JAKARTA (TheInsiderStories) – Indonesian toll road operator, PT Jakarta Tollroad Development (JTD) signed a syndicated loan agreement worth of Rp13.7 trillion (US$931.27 million). The...

19 Indonesia’s SOEs Infrastructure Projects Get Financing

JAKARTA (TheInsiderStories) - A number of directors from state-owned enterprises (SOEs), national and foreign private companies signed an investment and financing agreement for Infrastructure...

Garuda Indonesia Eyes $500M Loans to Pay Off Debt

JAKARTA (TheInsiderStories)--PT Garuda Indonesia Tbk (IDX: GIAA) eyes US$500 million loans to pay off this year's maturing debts. Garuda Indonesia's Finance and Risk Management Director...

Bank Negara Indonesia Give Loans US$100M for U.S’s Cascade

JAKARTA (TheInsiderStories)--Publicly listed's PT Bank Negara Indonesia Tbk (IDX: BBNI) give financing facility US$100 million to United State's (U.S) pulp & paper producer Cascade Pacific...

PTBA Secures US$1.26B Loans from China Exim Bank

JAKARTA (TheInsiderStories)--PT Huadian Bukit Asam Power (HBAP), a joint venture power company between PT Bukit Asam Tbk (PTBA) and PT China Huadian Hongkong Company...

Bank Permata to Sell NPL

JAKARTA (TheInsiderStories)—PT Bank Permata Tbk (BNLI) plans to sell its non-performing loans (NPL) at the value of Rp1 trillion-Rp1.5 trillion as a way to...

Reynold Wijaya of Modalku: We Only Take the Crumble of the...

JAKARTA (TheInsiderStories) - Founder and CEO of an Indonesia-based peer-to-peer lending fintech startup Modalku, Reynold Wijaya, expressed his optimism about the industry’s potentials. For him personally,...

Hutama Karya Get Syndicated Loans Rp8 Trillion from Seven Major Banks

JAKARTA (TheInsiderStories) - Seven major banks give credits Rp8 trillion (US$592.59 million) for state-owned toll operator PT Hutama Karya to finance Bakauheni-Terbanggi Besar toll road project...