BALIKPAPAN. PT Transkon Jaya Tbk (TRJA) received a 1% cut in loan interest rates from its main creditor, PT Dipo Star Finance.
Alexander Syauta, Corporate Secretary of TRJA, said that the cut was effective since 14 October 2020 yesterday. The cut, Syauta said, applies to all Mitsubishi products financed by PT Dipo Star Finance.
"The cut is an extraordinary move from PT Dipo Star Finance's side, considering that it was made in the midst of a crisis," said Syauta in a press release.
Syauta added, the rate cut would have a positive impact on TRJA's financial performance. Considering that the company's main business is in the rental of 4x4 and 4x2 vehicles, it always takes into account the cost of funds from finance companies.
"Currently, companies can provide more competitive rental prices for customers and prospective customers," said Syauta. (KR/AR)