#Finance
Bahlil: Indonesian banks reluctant to finance nickel smelters
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia said the majority of nickel smelters in Indonesia are foreign investment despite the fact that 80 percent of nickel mining are owned by Indonesians.
DBS research forecasts positive economic outlook for risky investments in Q1 2024
DBS Group Research has released projections indicating that the first quarter of 2024 will provide a conducive environment for investments in risky assets such as stocks and corporate bonds.
Pertamina International Shipping plans IPO, set to release minimum 10% of shares
PT Pertamina International Shipping (PIS) is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange (BEI) in the coming year, with plans to release a minimum of 10 percent of its shares to the public.
Bank Mandiri, Telkom subsidiaries target green and German startups
Bank Mandiri's subsidiary, Mandiri Capital Indonesia (MCI), and Telkom Indonesia's subsidiary, MDI Ventures, are targeting startups that utilize advanced technology not widely adopted in Indonesia.
I find great fulfilment working in developing markets, I truly enjoy witnessing the impact of our efforts: François de Maricourt
François de Maricourt, a key-man in HSBC Indonesia, as a President Director. He is a French national with over two decades of experience in international banking. Through this interview, Maricourt has opened up to Indonesia Business Post on his hopes, ambitions and challenges in life and his perspective in the banking sector giving opportunities within the Indonesian market.
Businesses wary of Red Sea conflict, impacts on export and import
The escalating conflict in the Red Sea has led to a surge in logistics costs for exporters in distributing goods, while importers have not yet seen significant impacts from the geopolitical situation in the Middle East.
Foreign capital inflows of IDR 8.61 trillion in early January 2024
The Indonesian Central Bank (BI) recorded IDR 8.61 trillion (US$ 554 million) of foreign capital inflows into the domestic financial market in the period of January 2-4, 2024.
Indonesian government offers Land and Building Ta waiver for eligible businesses in key sectors
In a significant move to bolster the economy, Finance Minister Sri Mulyani Indrawati has unveiled a property tax (PBB) waiver, offering businesses, from palm oil farmers to coal miners, discounts reaching up to a whopping 100%.
Bank Indonesia plans digital rupiah trial in 2024 as part of national payment system development
Bank Indonesia (BI) is gearing up for a trial of its central bank digital currency, known as the digital rupiah, in 2024. The central bank intends to collaborate with large-scale financial institutions for this pilot, according to Deputy Governor Juda Agung. This initiative is highlighted as one of the five short-term focuses in the development of the national payment system.
Kliring Penjaminan Efek Indonesia recognized as third country central counterparty in Europe with low risk
The Financial Services Authority (OJK) has officially signed a MoU with the European Securities and Markets Authority (ESMA), leading to the acknowledgment of PT Kliring Penjaminan Efek Indonesia (KPEI) as a Third Country Central Counterparty (TC-CCP) in the European market.
Bank Central Asia reports strong performance at 25.8% year-on-year growth in net profit
PT Bank Central Asia Tbk (BCA) and its subsidiaries have announced an impressive net profit of IDR 36.4 trillion, signifying a robust 25.8% year-on-year growth in earnings up to September 2023.
PLN signs financial support MoU with China Development Bank to accelerate energy transition
Indonesian state-owned electricity company PT PLN (Persero) signed a memorandum of understanding (MoU) with the China Development Bank (CDB) to expedite the energy transition. Under this agreement, CDB reaffirms its commitment to provide financial support for PLN's energy transition initiatives in Indonesia.