The countrys largest bank in assets PT Bank Mandiri Tbk said it will issue bonds valued at Rp5 trillion to strengthen its fund structure and finance credit expansion. Director of Wholesale Banking of the publicly listed state lender Royke Tumilaar … Continue reading →
The World Bank’s board of executive directors has approved $55.25 million in grants to support geothermal energy projects in Indonesia with the aim to facilitate investment in geothermal power generation. “Insufficient energy holds back Indonesia’s growth potential and limits the … Continue reading →
The government will open an international competitive bidding (ICB) to determine the contractor for the Patimban International Port project in Subang, West Java. The bidding is open to foreign investors as the Rp43-trillion project is partly funded by loose credit. … Continue reading →
Bank Indonesia is predicting that bank credit will grow in the third quarter this year, with working capital credit to dominate due to the drop in interest rates and relaxation of macro-prudential policies. According to a banking survey carried out … Continue reading →