BTN plans to issue subordinated bonds or hold a rights issue in the next two years to become a BUKU IV bank.
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.
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.
Multifinance companies are utilising technology owned by fintech firms to speed up the loan approval process and reduce non-performing financing.
The performance of several state-owned construction companies improved in the first half of 2018, but debt eroded PT PP’s profit.
Global Mediacom requires fresh funds to settle its debt and that of MNC Sky Vision worth US$ 119 million, which is due for payment next year.
BTPN will be in the top 10 largest banks by assets in Indonesia after merging with Bank Sumitomo. And with capital above Rp 30 trillion, it will also become a BUKU IV bank.