Financing Companies Association of Indonesia (APPI) is still projected growth of the company’s assets this year multifinance Rp200 trillion. Achievement considering the prediction of assets in November last year reached Rp173 trillion, approaching the highest levels that occurred in November 2008. Chairman APPI Wiwie Kurnia said that multifinance asset growth beyond expectations because of slowing [...]

Suryainti Permata Tbk PT proposes cutting debt by 40% of the principal debt to the creditors Oversign BV Director Henry J. Suryainti Permata Gunawan through exchange of information disclosure today revealed the company also proposed exemption of interest payments on certain days. “The company also denied the existence of additional collateral. Until now there has [...]

Oversea-Chinese Banking Corporation Limited (OCBC Bank) officially completed the acquisition of ING Asia Private Bank Limited and its subsidiaries (IAPB) based in Singapore with an investment of around U.S. $ 1.45 million or $ 2.02 Sin million. With the completion of the acquisition process, the IAPB now renamed Bank of Singapore Limited (the Bank of [...]

new Credit distributed in China until January 29 to reach 1.6 trillion yuan (U.S. $ 234 billion). The report, written by the Economic Information Daily said Industrial & Commercial Bank of China Ltd. distributed more than 170 billion yuan, up by January 29. The news was cited by Xinhua News Agency without naming its source. [...]

rupiah weakened again against the dollar in trading in the spot market this morning, down 0.50% or Rp47 to Rp9.400 level, increasingly approaching Rp9.500. In the last week, the rupiah closed at Rp9.353 level of U.S. $ 1. Mega Capital Indonesia recorded during the last week the rupiah weakened against the dollar at 9345 levels. [...]