#Finance
Energi Mega Persada is looking for new opportunities in finding additional assets
PT Energi Mega Persada Tbk (ENRG), a publicly listed Bakrie Group company in oil & gas, is looking for opportunities to acquire additional assets to add value to the company's shareholders.
The Indonesian government encourages the use of GPN to replace Visa, Mastercard.
The Indonesian government is currently trying to promote Indonesia's own payment system the National Payment Gateway (GPN).
Exploring trends and challenges in Indonesia's startup industry: Focus on green tech, embedded finance, and health tech for 2023
Early 2022 marks a rough beginning for startups. A number of major events became important highlights within the startup industry.
Kredivo raises US$ 270 million in D series funding round led by Mizuho Bank
Mizuho Bank Ltd, a subsidiary of Mizuho Financial Group, Inc., oversaw an oversubscribed series D funding round, raising US$ 270 million (IDR 4 trillion) for Kredivo Holdings, Kredivo's holding company, and Krom Bank which was founded in 2016.
I'm the optimistic type that hopes… we can make a change for ourselves: Nicolas Parrot
Nicolas Parrot is the President Director at PT Bank BNP Paribas Indonesia and an Executive member of the Indonesia International Banks Association and board member of the Indonesian French Chamber of Commerce. He recently spoke to Indonesia Business Post on his career at BNP Paribas, being a banker in Indonesia and his views on Indonesia’s biggest challenges.
I'm an insecure guy, I always want to be better: Pandu Sjahrir
Pandu Patria Sjahrir is the key-man, one of Asia's and Indonesia's most influential business leader. Currently, Pandu is the VP Director of PT TBS Energi Utama Tbk, Founding Partner of AC Ventures and Managing Partner of Indies Capital. Through this interview, Pandu has opened up to Indonesia Business Post on his ambition, his challenges in life and his perspective relating to Indonesia's biggest challenges.
Bank Central Asia allocates IDR 8.7 trillion Capex for new data center
The largest privately owned PT Bank Central Asia Tbk (BCA) allocates Capital expenditure (Capex) of IDR 8.7 trillion (US$ 583.7 million) in 2023 for a new data center infrastructure.
P2P lending faces growing concerns over non-performing loans
The Financial Services Authority (OJK) reported a significant increase in non-performing loans (NPLs) for over 90 days from fintech P2P lending platforms. As of October 2022, the NPLs had risen to IDR 1.42 trillion (US$ 95.3 million), a 140.78% increase from from the previous year of IDR 593.44 billion.
Danamon, MUFG to invest US$ 100 million in Garuda Fund
PT Bank Danamon Indonesia Tbk and MUFG Bank announced a placement of US$ 100 million in a Venture Fund focusing on Indonesia called the MUFG Innovation Garuda No. 1 Limited Investment Partnership, or Garuda Fund.
Pertamina Geothermal Energy eyes to raise IDR 9.78 trillion from IPO
PT Pertamina Geothermal Energy (PGE), a subsidiary of state-owned oil and gas giant company PT Pertamina, expects to earn up to IDR 9.78 trillion (US$ 657.92 million) in fresh funds from its Initial Public Offering (IPO) in early February.
Top 10 must-have fintech apps and services in Indonesia
Financial technology (fintech) companies have rapidly grown in Indonesia, offering a multitude of innovative apps and services. Such services transform the way consumers manage their finances. The country's fintech industry has offered a wide range of options that provide fast, convenient and affordable financial solutions which range from e-wallets to P2P lending.
Mandiri, BTN and BRI step up cybersecurity game with bigger IT Capex in 2023
Three major state-owned banks of Mandiri, BRI and BTN will use their 2023 Capital Expenditure (Capex) to support the strengthening of cybersecurity, digital architecture, IT and digital services.