August 2024 saw increases in forex reserves
06 Sep 2024 17:37
Bank Indonesia (BI) reported an increase in forex reserves in August 2024 following a decline back in February 2024.
Buana Finance to work with Bank Jago for a joint financing of IDR 500 billion
04 Sep 2024 10:07
PT Buana Finance Tbk (BBLD) pairs up with PT Bank Jago Tbk (ARTO) to reinforce financing distribution to consumers. In 2023, the issuer reported financing receivables of roughly IDR 5.3 trillion.
Promoting MSME financing, Modalku joins hands with Lotte Grosir
20 Aug 2024 10:35
Modalku, a fintech platform, is partnering with Lotte Grosir to provide term financing for raw material purchase for Micro, Small, and Medium Enterprises (MSMEs).
BFIN reported profit slippage of 19.16% in H1 2024
06 Aug 2024 10:24
PT BFI Finance Indonesia Tbk (BFIN) saw correction in its performance in H1 2024 compared to the same period in 2023. This revenue decline was triggered by low revenue from financing receivables.
Adira Finance saw profit shrinkage due to swelling expenses
02 Aug 2024 14:27
The revenue of PT Adira Dinamika Multifinance Tbk (ADMF) reportedly increased 10.68% year-on-year (yoy) in H1 2024, while its profit sloped 6.58% yoy due to a 16.32% yoy increase in total expenses.
Expanding financing segment, MEKAR partners with Lippo Group
11 Jul 2024 15:32
PT Mekar Investama Teknologi, widely known as MEKAR, forms a partnership with PT Ciptadana Multifinance to provide working capital financing alternatives for MSME players through factoring scheme.
June 2024’s forex reserves reached USD 140.2 billion
05 Jul 2024 10:44
Foreign exchange (forex) reserves as of June 2024 were reported at USD 140.2 billion, up from May 2024 of USD 139 billion.
WOM Finance to issue Bond of IDR 1 trillion
30 May 2024 14:12
PT Wahana Ottomitra Multiartha Tbk (WOMF) or WOM Finance is offering its Shelf-Registration V Phase I Year 2024 worth IDR 1 trillion until June 11, 2024.
Bank Maybank scored dividend income of IDR 177.51 billion from Maybank Finance
19 Apr 2024 14:33
PT Bank Maybank Indonesia Tbk (BNII) recorded dividend income for the fiscal year 2023 from its subsidiary, PT Maybank Indonesia Finance (BIIF), worth IDR 177.51 billion.
FREN to pay off loans to Niven Holdings of IDR 5.48 trillion
01 Apr 2024 16:22
PT Smartfren Telecom Tbk (FREN) will allocate 64% of the proceeds of its rights issue of 171.45 billion shares to pay off loans and interest to Niven Holdings Limited (NHL), non-affiliated creditor.