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Companies 1 year ago
PREMIUM
BCA reports 8% profit growth with loans up 13% yoy in first half
Bank Central Asia (BCA) posted a net profit of Rp 29 trillion (US$1.7 billion), up 8 percent year-on-year (yoy), in the first half of this year, in line with growing loan disbursement and funding, as well as rising transaction volume.
Opinion 1 year ago
PREMIUM
Analysis: Fraud cases at BPDs set major setback for the banking industry
A series of corruption and fraud cases have been uncovered at several regional development banks (BPDs), including Bank Jabar dan Banten (BJB), Bank DKI Jakarta, Bank Jatim and Bank Jateng. These cases involve practices such as side streaming, fictitious debtors, hidden debtors and document forgery, resulting in losses amounting to trillions of rupiah. The revelations have raised serious concerns about weak corporate governance in the BPD sector.
Markets 1 year ago
PREMIUM
Jakarta traders look for signals from Trump inauguration, banking reports
Traders in Jakarta are bracing for the inauguration of Donald Trump as US president on Monday and will watch closely for his day-one policies, especially for potential changes in trade and immigration policies that could impact global business and investor sentiment.
Regulations 1 year ago
Trump advisers seek to shrink or eliminate bank regulators, WSJ reports
US President-elect Donald Trump's transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, the Wall Street Journal reported on Thursday citing people familiar with the matter.
Economy 2 years ago
PREMIUM
Jokowi wants credit restructuring scheme revived
The President expressed concern about the burden on local banks and wants the loan program to resume until the end of the year, even as Indonesia was the last country to phase out such pandemic-related special facilities in March.
Front Row 2 years ago
HSBC seminar highlights challenges faced by banking industry amid digital disruption
A recent seminar by HSBC shed light on the unique challenges in the banking industry’s current business models amid the wave of digital disruption and how the sector can better position itself.
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