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Goodyear Indonesia’s Parent Merges with Copper Tire & Rubber

JAKARTA (TheInsiderStories) - American manufacturer, Goodyear Tire & Rubber Co., (Nasdaq: GT), the parent of PT Goodyear Indonesia Tbk (IDX: GDYR) has merged with a tire-maker,...

Qatari Ooredoo Signs an Exclusive Agreement with CK Hutchison

JAKARTA (TheInsiderStories) - Qatary' Ooredoo Q.P.S.C has signed an exclusive and non-legally binding memorandum of understanding (MoU) with CK Hutchison, a telco firm from Hong Kong,...

Shaken by Merger Issues, Indonesia’s Indosat Share Fall

JAKARTA (TheInsiderStories) - The share price of telco operator, PT Indosat Ooreedo Tbk (IDX: ISAT) fell by 7.98 percent to Rp5,250 a shares after merger issues...

The Government Officially Set Up Bank Syariah Indonesia

JAKARTA (TheInsiderStories) - Indonesian government officially set up PT Bank Syariah Indonesia Tbk (IDX: BRIS), the resulting merger of three state-owned sharia banks, announced...

Indonesia’s Chandra Asri, Styrindo Merger Creates US$3.62B Firm

JAKARTA (TheInsiderStories) - The petrochemical producer, PT Chandra Asri Petrochemical Tbk (IDX: TPIA), targeting to merge with its subsidiary, PT Styrindo Mono Indonesia in Jan. 1,...

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...

Moody’s: Merger of Sharia Banks will be Credit Positive for Islamic...

JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) (Baa2 stable, baa31), PT Bank Rakyat Indonesia Tbk (IDX: BBRI) (Baa2 stable, baa2), and PT Bank...

Indonesia’s Bank Mandiri Hold Majority Stakes in BRISyariah

JAKARTA (TheInsiderStories) -  One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI), will become the dominant shareholder in the sharia bank...

Chandra Asri, Styrindo Mono Indonesia Ready to Merges

JAKARTA (TheInsiderStories) - Two unit of PT Barito Pacific Tbk (IDX: BRPT), PT Chandra Asri Petrochemical Tbk (IDX: TPIA) and PT Styrindo Mono Indonesia plans to...

State-Owned Shariah Bank Merges, BRISyariah Become a Survivor

JAKARTA (TheInsiderStories) - Three state-owned sharia banks, PT Bank BNI Syariah, PT Bank Syariah Mandiri (BSM), and PT Bank BRISyariah Tbk (IDX: BRIS) has signed...

BCA Syariah Stock Split Before Merges with Bank Interim Indonesia

JAKARTA (TheInsiderStories) - An Islamic bank, PT Bank BCA Syariah will hold a stock split to merges with PT Bank Interim Indonesia, previously known as PT...

Early 2021, BCA Syariah and Rabobank Indonesia will Merges

JAKARTA (TheInsiderStories) - The bank with the largest market capitalization, PT Bank Central Asia Tbk (IDX: BBCA) plans to merge its Islamic bank' subsidiary, PT BCA...

Thohir Targeting to Merge State Sharia Banks Early of 2021

JAKARTA (TheInsiderStories) - Indonesian minister, Erick Thohir, targeting to merge the sharia bank under state-owned banks in February of 2021. The Islamic banks are PT...

Indonesia’s Bank BJB and Bank Banten Will Merges

JAKARTA (TheInsiderStories) - Two regional bank in West Java, PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (IDX: BJBR) and PT Bank Pembangunan Daerah Banten...

South Korea’s Apro Financial to Absorb Bank Oke’s Right Issue

JAKARTA (TheInsiderStories) - South Korea' Apro Financial Co. Ltd., injected new capital to its local unit PT Bank Oke Indonesia Tbk (IDX: DNAR) through rights...

Two Industrial Bank of Korea’s unit in Indonesia Will Merge Soon

JAKARTA (TheInsiderStories) - The realization merger between two banks belonging to the Industrial Bank of Korea (IBK) will will happen in the next few days. The...

Merger of APRO’s Indonesian Unit Delayed to May 2019

JAKARTA (TheInsiderStories) - South Korean APRO Financial Co. Ltd local units, PT Bank Dinar Indonesia Tbk (IDX: DNAR) and PT Bank Oke Indonesia delayed to...

BTPN and Bank Sumitomo Mitsui Indonesia Officially Merger

JAKARTA (TheinsiderStories) - Indonesian lender, PT Bank Tabungan Pensiunan Negara Tbk (IDX: BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) has officially merger after the...

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...
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