Bank Central Asia Takes Over Local Unit of Dutch Rabobank

... trillion, last month also acquired Bank Royal Indonesia, a small-sized local ... into an online-based lender. Bank Indonesia has been encouraging banks operating ... ) completed a majority acquisition in Bank Danamon Indonesia, one of the largest ...

Rachmat Kaimuddin Replaces Achmad Zacky as Bukalapak Boss

... treasury and planning director at Bank Bukopin, Bukalapak said in a ... prominent e-commerce platform in Indonesia and globally. Rachmat's leadership ...

Royke Tumilaar Is Mandiri's New Chief Executive

... 60-percent stake in Indonesia's second-largest bank by assets at ... "That's right, [the new Bank Mandiri president director] will be ... in Mandiri. Royke worked at Bank Dagang Negara (BDN) before ... become the deputy chairman of Bank Mandiri. Chatib replaces Imam ...

Indonesia's Foreign Reserves Down Slightly to $126.6b

Jakarta. Bank Indonesia announced Friday the country' ... previous month. The central bank said the amount was enough ... of three-month import spending," Bank Indonesia spokesman Junanto Herdiawan said in ... by $6.5 billion. "Bank Indonesia is of the view that ...

Forget the Dollar: Indonesia, Japan Agree to Settle Cross-Border Transactions in Local Currencies

... exporters avoid exchange rate volatility. Bank Indonesia Governor Perry Warjiyo and Japanese ... . "Japan's Finance Ministry and Bank Indonesia have reached a mutual agreement ... . Before the agreement with Japan, Bank Indonesia had also struck similar deals ...

Future Is Bright: Indonesian Consumers Show Heightened Optimism in November

... availability and better economic prospects, Bank Indonesia said in a statement on ... consumers' willingness to spend. In Indonesia, household consumption accounts for more ... at the beginning of November," Bank Indonesia spokesman Onny Widjanarko said. Current ...

Market Segment Expansion Key for Fintech's Survival

... , companies to survive in Indonesia, a practitioner in the ... be operating legally. In Indonesia, that means being registered ... the country, including Bank Mega, Permata Bank, Home Credit, Tokopedia ... the financial industry in Indonesia. It also collaborates with ...

What's the Damage, Sis?: Business License Now Required for All Online Shops

... billion-dollar sector. Studies projected Indonesia's digital economy would be ... one as well. The World Bank's Ease of Doing Business ... recorded enough online traffic in Indonesia also have to appoint a ...

Inflation Slows to 3% in November Thanks to Cheaper Airfares

Jakarta. Indonesia's annual inflation rate ... plenty of room for Bank Indonesia – the central bank – to continue a ... The target is set by Bank Indonesia and the government. The central ... bank refrained from cutting its benchmark ...

Disrupt My Oil Import Reduction Program and I Will 'Bite' You: Jokowi

... the president said at the Bank Indonesia annual meeting. "But why ... officials of the central bank and the Financial Services ... balance," the president said. Indonesia's trade balance was back ... in September. But cumulatively, Indonesia still had recorded $1.8 ...