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credit-facility

Jump-starting Indonesia’s credit cycle
Economy 4 months ago

Jump-starting Indonesia’s credit cycle

As of September, credit expanded by only 7.7 percent year-on-year, or only 4.3 percent year-to-date.
Indonesia launches new credit scheme for labor-intensive industries
Economy 1 year ago

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Indonesia launches new credit scheme for labor-intensive industries

At the BRI Microfinance Outlook 2025 on Thursday in Jakarta, the senior economic minister launched a new credit scheme that carries a 5% interest subsidy rate to help labor-intensive industries.
Bank Indonesia expands regulation on minimum lending for MSMEs
Business 4 years ago

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Bank Indonesia expands regulation on minimum lending for MSMEs

The new regulation expands the types of borrowers eligible for MSME loans, among other changes.
Freeport Indonesia secures $1 billion loan for copper smelters
Business 4 years ago

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Freeport Indonesia secures $1 billion loan for copper smelters

The mining giant plans to use the loan to expand and upgrade an existing copper smelter and develop a new one, both in Gresik, East Java.
Banks contribute to deforestation, land degradation: Report
National 5 years ago

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Banks contribute to deforestation, land degradation: Report

An ongoing report by environmental groups suggests that the banking and financial services sector should be liable for deforestation, as they continue to provide services to clients driving massive fires that raze swathes of land and tropical forest cover in countries like Indonesia.
Mandiri provides invoice financing for Wika Beton’s suppliers
Business 6 years ago

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Mandiri provides invoice financing for Wika Beton’s suppliers

The invoice financing facility will be used to settle payments to suppliers of stone, cement, iron and transporter partners
Lack of credit facility discourages PTDI’s overseas buyers
Business 6 years ago

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Lack of credit facility discourages PTDI’s overseas buyers

PTDI sent on Wednesday a 40-seater airplane to Nepal, which is the second country this year to receive a PTDI plane.
Councilors required to use letters of appointment to get bank credit
City 6 years ago

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Councilors required to use letters of appointment to get bank credit

To apply for credit, legislators have to submit a copy of their appointment letters as an administrative prerequisite.
Kredivo eyes opportunity in Philippines
Business 6 years ago

Kredivo eyes opportunity in Philippines

Financial technology (fintech) start-up Kredivo, which offers online credit card services, aims to expand its business overseas, eying neighboring country the Philippines as a start.
BNI stops credits for apartment ownership in Meikarta
Business 7 years ago

BNI stops credits for apartment ownership in Meikarta

State-owned lender PT Bank Negara Indonesia (BNI) has announced it will stop disbursing credits for ownership of apartments in Meikarta township project, following the arrests of several people, including executives of Lippo Group, by the Corruption Eradication Commission (KPK) in a bribery case.
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