Indonesia
Shopee parent Sea acquires Indonesia's Bank BKE
Shopee parent Sea acquires Indonesia's Bank BKE
The tech startup has raised $3b in stock offering for its business expansion plans.
Indonesia's BRI to raise $1b in rights issue
It wants to strengthen its capital base for possible acquisitions.
Indonesia's Bank Mandiri face lower margins, climbing NPLs
The lender’s net interest margin contracted by 65 bp in H1 2020.
Indonesia's Ayoconnect raises $5m in pre-Series B funding round
The fintech firm hopes to build an open bill network in the country.
UOB floats TMRW in Indonesia
The digibank was first rolled out in Thailand in 2019.
Recession hounds APAC financial firms as pandemic batters credits
The outbreak will permanently reduce the economy by 2-3%.
Taiwan's Cathay Financial Holdings mulls raising stake in Indonesian bank
It may complete its due diligence next week.
Indonesia widens deposit insurer's role in banking system
It will assist in supervising banks under 'intensive supervision' status.
How Indonesia's biggest bank is pushing MSMEs to go international
Bank BRI recorded $33.5m in transaction value from local MSME exports in 2019.
Bank Central Asia, Cloudera partner for data and machine learning
The banks hopes to streamline processes and protect clients from fraud.
COVID-19 exposes pitfalls in Indonesia's finance sector
NBFIs have been the main source of problematic defaults.
Indonesia mulls returning banking regulation to central bank
The president is reportedly unhappy about the Financial Services Authority's performance.
Indonesia cautions against excessive bank withdrawals
Its banking watchdog assured that the sector is well-capitalised, on aggregate.
Amar Bank launches Indonesia's first digital-only bank in cloud
Senyumku is currently available in lite version.
Indonesian banks to reflect COVID's fatal impact on Q2 results: Fitch
But the loosening of loan restructuring rules should help alleviate negative effects.
Majority in Indonesia, Philippines and Vietnam to transact digitally by 2021
Faster funds transfer can add up to 0.5% in GDP growth for SEA.
Indonesia's Bank Central Asia joins scheme to boost liquidity
The government said healthy lenders can apply to cash-strapped peers.
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