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Economy 1 year ago
PREMIUM
Small businesses see sales sink 40-60%: BRI
The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.
Front Row 2 years ago
BRILink Mekaar agents propel Mekaar customers' income to new heights
This morning, cheerful faces lit up Mekaar customers' expressions. They eagerly awaited the arrival of President Joko “Jokowi” Widodo, who was scheduled to inspire and encourage the entrepreneurial spirit of 5,000 Mekaar customers in Keyongan Kidul Field, Sabdodadi, Bantul regency.
Companies 2 years ago
PREMIUM
Major local banks maintain loan growth targets despite BI rate hike
Bank Indonesia’s (BI) unexpected decision to raise its benchmark rate has raised concerns that banks will struggle to meet loan growth targets set for this year, but major players and analysts say the industry could still pull through given its ample liquidity to maintain lending expansion.
Economy 2 years ago
PREMIUM
RI companies ink deals worth $13.7b with Chinese counterparts
The SOEs minister says the investment agreements signed thus far are part of the US$29 million in potential deals expected from the President's working visit to Beijing, which includes the Belt and Road Forum from Oct. 16 to 18.
