Business

Bank Mandiri finances missile
boats

State-owned Bank Mandiri will finance the construction of two 40-meter missile boats, worth Rp 65.97 billion (about US$7.65 million), for the Indonesian Navy to help secure Indonesia's waters.

“The financing, worth Rp 65.97 billion, is given through PT Palindo [ship maker PT Palindo Marine Industry] for two KCR-40s,” Bank Mandiri president director Zulkifli Zaini said in Jakarta on Monday.

Zulkifli said the bank, currently Indonesia's largest lender by assets, wanted to play an active role in the country's weaponry development.

“We want to take part in the construction of high-tech missile boats made purely by children of the nation,” he said as quoted by Antara.

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