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).
Bank Ina to join hands with Bahana Artha Ventura for MSME financing
13 Aug 2024 13:49
PT Bank Ina Perdana Tbk (BINA) has officially formed a strategic partnership with PT Bahana Artha Ventura (BAV) in order to support the expansion of Micro, Small, and Medium Enterprises (MSMEs).
Citigroup: US in early phase of recession, opportunity for BI-rate cut
08 Aug 2024 11:39
Chief Economist of Citi Indonesia, Hemi Arman, revealed that the US economy is probably heading towards recession.
Despite sluggish sales, BIKE's net profit grew 18.8% in first half
07 Aug 2024 13:23
PT Sepeda Bersama Indonesia Tbk (BIKE), a bicycle distributor that holds the Genio Bike and United Bike brands, posted a net profit of IDR 4.67 billion in the first semester (1H) 2024.
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.
Blue Bird’s net profit saw 1.4% increase in H1 2024
30 Jul 2024 15:56
PT Blue Bird Tbk (BIRD), a transportation and logistics company with the highest market capitalisation in Indonesia booked net profit of IDR 263.01 billion in the first half (H1) of 2024.
BI and Central Bank of the UAE strengthen digital payment partnership
18 Jul 2024 16:08
Bank Indonesia and Central Bank of the United Arab Emirates (CBUAE) agree upon a partnership for a more efficient, transparent, and affordable cross-border payment system.
Keeping inflation under control, BI Rate maintained at 6.25%
18 Jul 2024 09:58
Bank Indonesia (BI) is maintaining BI Rate at 6.25% in order to ensure inflation relatively stable at 2.5% this year and the next.
Keep increasing in May 2024, foreign debts now reach USD 407.3 billion
15 Jul 2024 12:01
Indonesia’s foreign debts increased 1.8% year-on-year (yoy) in May 2024 to USD 407.3 billion from USD 400.2 billion seen in May 2023.