#Finance
DBS Indonesia projects 8 percent economic growth by 2045
DBS Indonesia has set an ambitious target for Indonesia's economic growth, projecting it to reach 8 percent by 2045 over Indonesia's status as a major economy with a Gross Domestic Product (GDP) exceeding one trillion dollars.
BRI named among “Top 20 companies to monitor in 2024”
State-owned bank PT Bank Rakyat Indonesia, commonly referred to as BRI, has earned a place in Bloomberg Technoz's "Top 20 Companies to Watch in 2024" list due to its strong performance fundamentals.
BI-UAE Central Bank sign pact to boost local currency transactions
The Indonesian Central Bank (BI) has signed a cooperation agreement with the Central Bank of the United Arab Emirates (UAE) to encourage the use of local currencies for bilateral transactions.
Bank Indonesia pioneers green sukuk for global economic recovery
In an effort to support global economic recovery, the Indonesian Central Bank (BI) will maximize the use of sustainable market instruments in the form of green sukuk in the short-term sharia financial market.
‘Ayo Kasbon’ application innovation offers early salary withdrawal free of interest
PT Ayo Kasbon Indonesia, a financial technology startup, launched the innovative Ayo Kasbon financial services application in conjunction with Labour Day in Jakarta on Wedesday, May 1, 2024. The Ayo Kasbon application aims to facilitate employees or labourers to collect their salary earlier before the payday.
FIF secures US$60 million loan for sustainable financing initiatives
PT Federal International Finance (FIF), in collaboration with Mizuho Bank Ltd, MUFG Bank Ltd and Sumitomo Mitsui Banking Corporation Singapore Branch, has succeeded in obtaining a loan worth US$ 60 million aimed at integrating sustainable financing.
Allianz Life, HSBC Indonesia launch "Premier Legacy Assurance"
PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (Bank HSBC) on Thursday, April 18, 2024, launched a financial protection product − the Premier Legacy Assurance − in the form of inheritance to support customers' prosperous family life in the future.
Abu Dhabi Islamic Bank explores stake acquisition of Bank Syariah Indonesia
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
Iran-Israel conflict: Cascading effects on Indonesian economy
The escalating geopolitical crisis in the Middle East, coupled with Iran's attack on Israel, poses a threat to the global economic recovery, including Indonesia.
SMI books Rp2.07 trillion in net profit in 2023
State-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) recorded a net profit of Rp2.07 trillion or equivalent to US$144.5 million throughout 2023, partly supported by growth in operating income.
HSBC announces ASEAN growth fund to accelerate startup expansion in SE Asia
HSBC has announced the ASEAN Growth Fund, amounting to US$1 billion (IDR 16 trillion), aimed at accelerating the expansion of startups in ASEAN.
IDX issues unusual market activity for PT Adhi Kartiko Pratama shares
The Indonesia Stock Exchange (IDX) has issued an unusual market activity (UMA) announcement regarding PT Adhi Kartiko Pratama (NICE) shares due to an unusual increase in prices.