Market Watch
Central Bank would likely soften its stance on single presence policy allowing owners of two banks to establish a holding company as the first option. This would be the preferred choice than reducing shareholding in one bank or merger.
In the meantime, as the Central Bank cut its benchmark rate by 0.25% to 12%, banks pledged to follow with lowering interest rates to boost lending.
Investor Daily reported today that plantation company PT PP London Sumatra Tbk is looking for US$150 million loan to finance its expansion projects. London Sumatra (Lonsum) has been rumored as acquisition target, but it's not clear which company made the offer. Various attempts to acquire the company have been failed as existing shareholders put sky-high price.
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In the meantime, as the Central Bank cut its benchmark rate by 0.25% to 12%, banks pledged to follow with lowering interest rates to boost lending.
Investor Daily reported today that plantation company PT PP London Sumatra Tbk is looking for US$150 million loan to finance its expansion projects. London Sumatra (Lonsum) has been rumored as acquisition target, but it's not clear which company made the offer. Various attempts to acquire the company have been failed as existing shareholders put sky-high price.
Labels: Single Presence
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posted by yosef at 9:03 AM
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