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Business 5 years ago

KSP Indosurya 'beyond our authority', says OJK about cooperative in default

The Financial Services Authority (OJK) says the case of savings and loans cooperative KSP Indosurya, which has failed to repay customer funds, lies outside of its supervision.

Business 6 years ago

PREMIUM
Never mind the ‘unruly players’, industry group says after mutual funds default

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.

Business 6 years ago

IDX summons Jababeka on default risk report

IDX assessment director I Gede Nyoman Yetna said the hearing between the IDX and Jababeka management was to seek clarification from the management about the report.

Editorial 7 years ago

Doubts over audited reports

SNP asked for the debt-payment suspension at the Jakarta Commercial Court last month after it defaulted on paying interest on two series of medium-term notes (MTNs) totaling Rp 6.75 billion (US$475,000).

Business 9 years ago

Deutsche Bank drama not an immediate threat to Indonesia: BI

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.

Business 9 years ago

Trikomsel fails to make changes to its board of directors

PT Trikomsel Oke failed to change its board of directors during a meeting (EGM) on Friday, claiming that the publicly listed company is required to secure permission from its creditors first.

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