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Business 5 years ago
Government suspends licensing for new savings, loan cooperatives amid liquidity bind
The decision was made after customers of savings and loan cooperative KSP Indosurya Cipta sought help from lawmakers to address the organization’s failure to return a total of Rp 10 trillion (US$707.51 million) to 8,000 customers.
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
State pawnshop Pegadaian on the lookout for fintech partners to develop digital financing
Pegadaian president director Kuswiyoto said on Thursday that the partnership with fintech operators was expected to further develop services the company provide in the Pegadaian Digital mobile apps.
