by Yohanes Obor | Sep 15, 2015 | Featured, Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – PT SmartFren Telecom Tbk (FREN), CDMA-based operator, is managed to soon convert its bonds debt of Rp7.4 trillion to 74 billion shares (equity). The conversion is scheduled for September 21, 2015. FREN has previously converted its Rp1.1...
by Yohanes Obor | Sep 14, 2015 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – The Financial Services Authority (OJK) reported national commercial banks’ profit declined 12% to Rp50.84 trillion in the first half of 2015, declined 13% from Rp58.43 trillion in the corresponding period of 2014. Interest income rose 17.6% to...
by Yohanes Obor | Sep 11, 2015 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – The Deposit Insurance Corporation (LPS) recorded deposit insurance reserves of Rp48 trillion as of July 2015, compared to Rp40 trillion in the same period of 2014. Under the Law, the deposit insurance rate is set for 2.5% (Rp110.38...
by Yohanes Obor | Sep 11, 2015 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – PT Bank Mayapada Tbk (MAYA), among the fastest growing banks in the past two years, maintains its capital adequacy ratio (CAR) of 11% amid the current economic slowdown and the weakening rupiah against the US dollar. Haryono Tjahjarijadi,...
by Yohanes Obor | Sep 11, 2015 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – By end of August 2015, tax collection or revenue reached 46% of this year target (Rp1294 trillion). While the shortfall is expected for Rp120 trillion. As of July 2015, tax collection or revenue reached Rp531.1 trillion, representing 41.04% of...
by Haryanto Suharman | Sep 11, 2015 | Finance, Indonesia Finance, News
JAKARTA (Yosefardi) – In a hearing session with the House of Representatives (DPR) Commission I on Thursday (Sep. 10) afternoon, Head of the National Intelligence Agency (BIN) Sutiyoso has proposed Rp3.7 trillion budget for the agency in the 2016 State budget (APBN)....
