Gov't Plots Rebound After Covid-19 Sends Indonesia Into First Recession in 22 Years

... first quarter this year, banking on the government spending ... For example, the World Bank expected Indonesia's economy to drop ... holding back the country's industry. Last week Airlangga had ... [restrictions]," he said. Indonesia has accumulated the largest number ...

Bank Indonesia Eyes 9% Loan Growth in 2021, Pledges to Keep Interest Low

... said on Wednesday. "This year, banking conditions are marked by a ... pressure appear," Perry said. Third, Bank Indonesia would continue purchasing government bonds ... , namely the food and beverage industry; the chemical, pharmaceutical, traditional medicine ...

Fund Managers Bet on Indonesia's Cyclical Stocks, See Long Rally Ahead

... emphasize on value are Bank Central Asia, United Tractors ... consumer, automotive, infrastructure, and banking sectors. "Since the fourth ... of wealth management at Bank DBS Indonesia, said next year ... wealth management industry are only 4 percent of Indonesia's ...

BCA Closes Rabobank Acquisition, Paves Way for Its Islamic Banking Expansion

... the acquisition of Bank Interim Indonesia, formerly Bank Rabobank International Indonesia for Rp 644 ... lender expansion in the Islamic banking business. Vera Eve Lim, a ... from retail banking to focus on the wholesale side of the industry.

South Korean Kookmin Completes Takeover of Historic Indonesian Bank

... share price at the Indonesia Stock exchange on the ... established in 1970 as Bank Umum Koperasi Indonesia, a cooperative lender. ... It changed its name into Bank ... to foreign investors in its banking industry. So, Bukopin held the ...

Indonesian Banks Sell Like Hot Cakes and It Is Good for the Industry

... the development of Bank Bukopin and the national banking industry." But, Morgan ... lenders like Bank Mandiri, Bank Rakyat Indonesia (BRI), and Bank Negara Indonesia (BNI) ... that Sumitomo Mitsui Banking Corporation acquired Bank Danamon Indonesia. It was ...

Credit Growth Will Recover in 2020: OJK

... plan (RBB). In 2019, banking credit growth was dominated by ... the 2020 Financial Services Industry Annual Meeting in Jakarta ... The government and Bank Indonesia (BI), the central bank, have projected an ... we are optimistic the banking sector will remain stable ...

BCA Completes $70m Bank Royal Acquisition

... acquisition of small-sized lender Bank Royal Indonesia last week after securing ... behind state-owned rivals Bank Rakyat Indonesia and Bank Mandiri. "The decision to ... BCA's wide-ranging banking solutions. Indonesia's banking industry is often considered the ...

Bankers Buoyant That Tax, Interest Rate Cuts Will Rejuvenate Indonesia's Manufacturing Sector

... power boost and incentive packages. Bank Indonesia cut its benchmark interest rate ... positive investor perception of Indonesia's economic prospects," Bank Indonesia Deputy Governor Dody ... . With lower interest rates, the banking industry will try to reduce the ...

Supreme Court Justice Who Acquitted BLBI Convict Syafruddin Found Guilty of Misconduct

... former head of the Indonesian Bank Restructuring Agency, or IBRA, ... .A.T., at Plaza Indonesia at 5.38 p.m ... crisis brought the country's banking industry to the brink of collapse ... massive bailout scheme, known as Bank Indonesia Liquidity Support (BLBI). The ...