BTN plans to issue subordinated bonds or hold a rights issue in the next two years to become a BUKU IV bank.
Investment in pharmaceuticals and textiles has grown above double digits since last year, with the potential to continue. Players are targeting the domestic and export markets.
National Police Chief has rotated high-ranking officers to the regions to anticipate any potential conflict ahead of the campaigns for the 2019 presidential and general elections.
Astra Group through United Tractors is acquiring PT Agincourt Resources, operator of Martabe mine. This is a strategy to expand the contribution of its non-coal business to 30 percent by 2020.
Madusari Murni, a producer of food grade ethanol, is planning an IPO targeting Rp 297 billion. Molindo Group needs jumbo funds to boost ethanol production to 130 million litres.
The Joko Widodo-Ma’ruf Amin duo offers political stability in the second period, while Sandiaga Uno and Prabowo Subianto promise better economic conditions.
Foreign exchange reserves have fallen six months in a row along with the rupiah exchange rate depreciation. This will likely continue until the end of the year.
Banks are required to connect with at least two switching companies to support the ecosystem of payment transactions. Foreign switching companies will then cooperate with local companies.