South Korea's Kookmin Bank to Seize Control of Bukopin

... as the controlling shareholder of Bank Bukopin, a local medium- ... ) per share as the Indonesia Stock Exchange opened on Monday ... The OJK received information from Bank Bukopin that it had reached ... a prospective investor, KB Kookmin Bank, to become its controlling ...

What Is Behind the Fall of Banking Stocks Last Week?

... low this year. State-controlled Bank Rakyat Indonesia, the country's largest ... said, referring to Bank Indonesia, the country central bank and the Financial Services ... , and quantitative easing," he said. Bank Indonesia governor Perry Warjiyo said earlier ...

SOEs Raise $3.6b From Global Market Amid Pandemic

... had raised $600 million while Bank Mandiri, the country's ... particular showed sustained confidence in Indonesia's economic prospects. "In ... South Sumatra. Last week, Bank Mandiri's bond issuance was ... Sumatra toll road. Inalum, Bank Mandiri and Hutama Karya have ...

House Passes Law Guaranteeing Jokowi's $27b Covid-19 Stimulus

... cooperation between the government, central bank Bank Indonesia, the Financial Services Authority (OJK ... during the pandemic. The Great Indonesia Movement Party (Gerindra) said the ... to evaluate any law against Indonesia's 1945 Constitution. The plaintiffs ...

More Capital Outflow in Q1 Than During 2008 and 2013 Crises

... outflows from emerging markets including Indonesia. During the first quarter, the ... capital outflow in Indonesia was twice as big compared ... restructuring from 3.88 million bank debtors. Credit restructuring is part ...

Most Businesses in Indonesia Can Only Survive Until June Under Coronavirus Restrictions

... months longer, he said. Indonesia's economy expanded only ... last year. Bank Indonesia, the country's central bank, said the ... where 17 percent of Indonesia's economic activities take ... several manufacturing plants across Indonesia's most populated island Java ...

Bank Indonesia Reveals Six Monetary Policies to Keep Financial System Stable

... . Since the coronavirus crisis began, Bank Indonesia has been strengthening its policy ... System Stability Committee, or KSSK. Bank Indonesia Governor Perry Warjiyo revealed on ... reserves is behind this policy. Bank Indonesia has also established bilateral swap ...

Central Bank Confident Indonesia Will Dodge Recession

Jakarta. Bank Indonesia is confident Indonesia's economy would continue ... government he was confident Indonesia could still post a ... Covid-19 pandemic in Indonesia would last from April ... 70 percent of Indonesia's economic areas. Bank Indonesia (BI) also ...

Tokopedia Assures Payment Information Secure as All User Accounts Likely Compromised

... every month. For comparison, Indonesia now has 175 million internet ... the password and detach their bank account from the platform. ... of their Tokopedia accounts. Indonesia's first unicorn has a ... currently a dominant player in Indonesia's growing e-commerce ...

Bank Indonesia's $33b Quantitative Easing Not Much Use Without Fiscal Policy: Governor

... foreign exchange liabilities. Perry said Bank Indonesia would lower the GWM requirement ... reach their intended targets so Bank Indonesia's quantitative easing can make ... third-party funds, well above Bank Indonesia's macroprudential liquidity buffer (PLM ...