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View all search resultsfinancial-services
Business 5 years ago
Housing-related complaints dominate reports to consumer protection agency
Seventy-four percent of reports that have been filed with the National Consumer Protection Agency since 2017 are related to housing, with consumers mostly complaining about legal uncertainties of housing projects, delays in the completion of housing or apartment development and sudden increases in water bills.
Opinion 5 years ago
PREMIUM
When KB Kookmin Bank controls Bukopin
Kookmin’s acquisition of Bukopin would also be rather easy and welcomed because Bukopin is a publicly listed bank, with 40.43 percent owned by the public, 23.39 percent by PT Bosowa Corp., 5.25 percent by Kopelindo, 8.91 by the Indonesian government and 21.99 percent by Kookmin itself.
Business 5 years ago
Ultra-rich to place more funds in banks amid liquidity crunch: Economists
Deposits from high-net worth individuals will increase, defying the trend of an overall slowdown in third-party funds in local banks as lower-income people’s incomes decline as a result of the ongoing COVID-19 pandemic.
Business 6 years ago
World Bank approves $300m loan to improve Indonesia's financial sector
The World Bank has approved the disbursement of a $300 million loan to support the development of Indonesia's financial market, while the Asian Development Bank is helping the country cope with the COVID-19 crisis.
Business 6 years ago
Bank Danamon, Investree eye SMEs in new loan channeling agreement
Bank Danamon will provide loan funding through the peer-to-peer lender’s (P2P) platform, enabling SMEs to borrow with higher credit limits “as if they are applying through a bank”, Bank Danamon wrote in a statement.
Business 6 years ago
Bank Indonesia to standardize financial service providers competency
The central bank, Manpower Ministry and National Profession Standardization Agency (BNSP) have signed a memorandum of understanding (MOU) to standardize competencies for financial service providers to improve Indonesian talent within the sector.
Business 6 years ago
Bangkok Bank to acquire another Indonesian bank after Permata deal: OJK
Thailand-based Bangkok Bank is planning to acquire another Indonesian bank after closing a deal to purchase a majority stake in Bank Permata from Standard Chartered and Astra International for US$2.7 billion, according to the Financial Services Authority (OJK).
