Day: August 29, 2022

Lawsuit against Suganda Setiadi Kurnia

Towards the end of last week, an interesting lawsuit was filed by PT Bank Mayapada Internasional Tbk against several companies as well as one Suganda Setiadikurnia (or Setiadi Kurnia). No information has been provided by the...

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Development on Garuda

Flag carrier Garuda Indonesia (GIAA) expects to get funds from state assets management firm (PPA) and government capital placement (PMN), which will be used to add 120 aircrafts. Garuda’s President Director Irfan...

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Banking Consolidation

Shares of Bank Pan Indonesia (PNBN) lost 4% to Rp2,160 on Friday last week (August 26) as investors digesting report about Sumitomo Mitsui Financial Group’s intention to become controlling shareholder. PNBN, co-owned by...

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