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View all search resultsRatings agency PT Pemeringkat Efek Indonesia (Pefindo) has downgraded state-owned developer Perum Perumahan Nasional (Perumnas) medium-term debt to default after the company failed to pay its dues.
APRDI chairman of the presidium Prihatmo Hari Mulyanto said on Dec. 11 that the Financial Services Authority’s (OJK) recent suspension of mutual fund products issued by Narada Asset Manajemen and Minna Padi Aset Manajemen would not cause the mutual funds industry to crumble.
Deutsche Bank’s default and its litigation problems may pose a threat to the Indonesian financial market, but on a very limited scale as Europe’s biggest bank has shown progress in its debt restructuring program, an Indonesian central bank official has said.
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