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View all search resultsCIMB-Niaga
Business 6 years ago
Krakatau Steel restructures record $2 billion debt to stave off bankruptcy
State-owned steelmaker Krakatau Steel has received approval from its creditors to restructure its loans totaling US$2.2 billion (about Rp 30 trillion) by, among other changes, rescheduling repayment to 2027 in order to be able to revive its business.
Business 8 years ago
Private lenders partake in Greater Jakarta LRT project
Coordinating Maritime Minister Luhut Pandjaitan has revealed that several private banks have agreed to disburse loans for the Greater Jakarta light rail transit (LRT) project that will link the capital to its neighboring cities in West Java and is set to begin operations in 2019.
Business 8 years ago
Private lender CIMB Niaga sees Q1 net profit soar 138 percent
Private lender CIMB Niaga, a part of Malaysian financial institution CIMB Group, saw its net profit soar by almost 138 percent year-on-year (yoy) to Rp 640 billion (US$48 million) during the first three months of 2017.
