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Tech 2 months ago
PREMIUM
Start-up cases test line between failed bets and criminal acts
The case centers on US$25 million in investments made between 2019 and 2023 by BRI Ventures and MDI Ventures, the venture capital arms of state-owned firms BRI and Telkom, respectively, into agritech start-up PT Tani Group Indonesia (TaniHub).
Society 11 months ago
PREMIUM
Two Army soldiers arrested in BRI branch manager killing
Chief Sgt. N was allegedly directly involved in the kidnapping and homicide of the head of a state-owned Bank Rakyat Indonesia branch location in Central Jakarta, while Second Cpl. FH was suspected of recruiting other people for the criminal act.
Society 1 year ago
PREMIUM
Police arrest 15 in kidnapping and murder of BRI branch head
Police have released the identities of eight out of 15 individuals arrested in connection with the kidnapping and killing of a BRI branch manager, whose body was discovered on Aug. 21 in a rice field in Bekasi, West Java.
Opinion 1 year ago
PREMIUM
Analysis: BRI graft case: Another layer of governance failure in SOEs
The Corruption Eradication Commission (KPK) has uncovered a large-scale corruption case involving Bank Rakyat Indonesia (BRI), one of the country’s largest state-owned lenders. The scandal, estimated to involve hundreds of billions of rupiah, pertains to the procurement of electronic data capture (EDC) machines and implicates several former BRI executives. The case not only raises concerns about accountability within state-owned enterprises (SOEs) but also threatens to erode public trust in the financial sector, where SOEs play a dominant role.
Markets 1 year ago
PREMIUM
Indonesia aims for fivefold growth in gold savings with new bullion bank
Two state-owned enterprises (SOEs) will be its first and major players, namely state-owned pawnbroker PT Pegadaian, a subsidiary of state-owned lender Bank Rakyat Indonesia (BRI), and Bank Syariah Indonesia (BSI), the country’s largest sharia bank.
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