Garuda Fund Offers Fintech Firms New Funding Opportunities
MUFG Bank and PT Bank Danamon Indonesia Tbk created Garuda Fund and equipped it with US$100 million worth of capital to fund new startups.
Finance
Bank Mandiri to Issue Rp 5 Tln Green Bonds
Bank Mandiri will issue green bonds worth Rp 5 trillion to support sustainable lending in the first half of this year.
Bank DKI Aims for Rp 3 Tln IPO to Boost Expansion
PT Bank Pembangunan Daerah DKI Jakarta Tbk (Bank DKI) reportedly appoints BCA Sekuritas and CIMB Niaga Sekuritas as underwriters for the initial public offering.
2023 is a Year of Merger for Rural Banks & Regional Development Banks
Mergers and acquisitions among rural banks (BPR) and regional development banks (BPD) will be more prevalent this year.
PPSK Law Generates Breath of Fresh Air for Financial Industry
President Joko Widodo passes the financial sector development and strengthening bill to Law No. 4/2023.
OJK Focuses on Strengthening Banks’ Capital and Digital Insurance
The Financial Services Authority issued two new regulations to encourage banks to strengthen capital to face market risk and develop digital insurance brokers.
What Is INA's Strategy to Secure US$200 Bln in AUM by 2024?
The Indonesia Investment Authority eyes more investments in the energy and digital sectors.
AC Ventures, Indies Capital Partners to Expand to Malaysia
AC Ventures and Indies Capital Partners are teaming up with Penjana Kapital Sdn Bhd to explore joint investment opportunities in Malaysian-Indonesian startups.
Banks Should Withhold Dividend and Increase Capital
The Indonesian government asks banks to be more sensitive to global risks, including high inflation, rising interest rates, geopolitical tensions, and economic slowdown.
Pay Later Business Facing Raising Interest Rate and NPL Risk
The Financial Services Authority (OJK) noted that the buy now pay later industry’s bad debts reached 7.61 percent as of Sept 2022.
