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Business 4 years ago
PREMIUM
Rise of digital banks underscores urgency of data protection law
Established banks have pledged to maintain strong digital security systems and encouraged consumers to take precautions against cyberthreats, but the passage of the stalled bill is deemed crucial, as personal information is increasingly shared in the industry.
Business 5 years ago
State firm dividends rise as govt scrambles to rescue economy
The government has collected more than Rp 40 trillion (US$2.82 billion) in dividends from five major state-owned enterprises (SOEs) alone this year, while concurrently throwing a lifeline to ailing SOEs in a bailout program worth more than Rp 150 trillion.
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.
