BCA Ends Up With the Highest Profit Among Indonesian Lenders in Pandemic Year

... disruptions. State-controlled Bank Rakyat Indonesia (BRI), the country's ... . State-controlled Bank Negara Indonesia (BNI), whose Rp 891 ... decline in asset quality. Indonesia's banking regulator requires ... buffer to cover future bad debts. Throughout 2020, BCA had ...

BRI, Mandiri Report Over $1.2b Net Income Each in Pandemic-Hit Year

... State-controlled lenders Bank Rakyat Indonesia, or BRI, and Bank Mandiri ... provisions to cover the bad debts should their debtors fail to ... pay back the debts. BRI's non-performing loans ... the first trading session at Indonesia Stock Exchange on Friday, ...

Garuda Terminates Contract of 700 Workers to Avoid Pandemic Stall

... Jakarta. Flag carrier Garuda Indonesia has terminated the contracts of ... its budget airline subsidiary Citilink Indonesia hold a 46 percent market ... share of Indonesia’s domestic air travel ... has outstanding Rp 148 trillion debts at the end of ...

Indonesia Reveals $12b Plan to Create Electric Car Battery Giant

... electric vehicle battery industry called Indonesia Baterai to spearhead its effort ... debts and fund the acquisition of 20 percent shares in Vale Indonesia ... capture this opportunity to develop Indonesia's electric vehicles industry. "If ...

Gov't Projects Public Debt at 37% of GDP in 2020

... . The government has projected that Indonesia's debt to gross domestic ... at Bank Central Asia, said Indonesia benefited from its prudent debt ... could afford to incur more debts to counter the Covid-19 ... that when we make more debts, the GDP does not contract ...

Bakrie's Media Company Appoints Former Minister to Lead Turnaround

... at Intermedia Capital, one of Indonesia's largest media company controlled ... as president director of Telekomunikasi Indonesia (Telkom) from 2012 to 2014 ... a deal for refinancing the debts in its parent company Visi ...

Indonesian Police Thank Malaysia for Assistance in Djoko Tjandra’s Arrest

... actually returned and traveled in Indonesia last month with the ... to travel freely while in Indonesia. Internal Measures Now after ... investigation revealed that Djoko entered Indonesia in May to renew his ... by Bank Bali to collect debts at three ailing banks ...

Disgraced Officer in Djoko Tjandra Saga Yet to Become Suspect

... to travel between cities in Indonesia. Djoko has fled his graft ... corruption related to Bank Bali debts and sentenced to two years ...

As Money Printer Goes Brrr, The Onus Is Now on Bureaucrats to Spend

... .6 billion stimulus package as Indonesia's economy now likely to ... policy by not only buying Indonesia's sovereign bonds directly from ... 's base scenario now expects Indonesia to back to an expansion ... raise Rp 900 trillion in debts in the next six months ...

Fortify: Three Survival Tips to Build Financial Resilience

... rates are being offered on debts and perhaps exploring if the ... wealth management at Bank HSBC Indonesia