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Companies 2 years ago
PREMIUM
Multifinance firms blame declining purchasing power for rise in bad loans
The Financial Services Authority (OJK) has revealed an increase in nonperforming financing (NPF) at domestic multifinance firms to 2.75 percent in July from 2.69 percent a year earlier, which industry players attribute to weaker purchasing power of Indonesian consumers.
Companies 3 years ago
PREMIUM
Robust domestic sales offset export dip for textile maker Trisula
Textile producer Trisula International increased domestic sales by 24.6 percent year-on-year (yoy) in the first half of 2023, more than making up for a decline in exports and making the firm an outperformer in its industry.
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