OJK Revokes Business License of PT Bank Perkreditan Rakyat Usaha Madani Karya Mulia in Solo

OJK Revokes Business License of PT Bank Perkreditan Rakyat Usaha Madani Karya Mulia in Solo

Jakarta – The Financial Services Authority (OJK) officially revoked the business license of PT Bank Perkreditan Rakyat (BPR) Usaha Madani Karya Mulia in Solo. The business license has been officially revoked since February 5 2024. This decree was officially released based on the Decree of the Members of the Board of Commissioners of the Financial … Read more

Deposit Insurance Corporation Chairman Reveals Reasons Behind Rural Bank (BPR) Bankruptcies

Deposit Insurance Corporation Chairman Reveals Reasons Behind Rural Bank (BPR) Bankruptcies

Jakarta – Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS) Purbaya Yudhi Sadewa opened up about the reasons for the large number of Rural Banks (BPR) bankrupt. He said that the main problem was that many BPRs collapsed because their owners stole them. Purbaya initially explained that over the last 18 … Read more

BPR Wijaya Kusuma Bank Liquidation and Customer Guarantee Payment Process by LPS

BPR Wijaya Kusuma Bank Liquidation and Customer Guarantee Payment Process by LPS

Jakarta – The Deposit Insurance Corporation (LPS) processes the payment of customer guarantee claims and carries out the liquidation of the Wijaya Kusuma People’s Economic Bank (BPR) in Madiun, East Java. This step was implemented after BPR Wijaya Kusuma’s license was revoked by the Financial Services Authority (OJK) starting January 4 2024. In a written … Read more

Financial Scandal: BPR Bank Jepara Artha Suspected of Misusing Credit for Campaign Funds

Financial Scandal: BPR Bank Jepara Artha Suspected of Misusing Credit for Campaign Funds

TEMPO.CO, Jakarta – Main Director of Rural Bank or BPR Bank Jepara Artha, Jhendik Handoko, responded to the alleged flow of credit from his institution to campaign funds. Credit from BPR belongs to the Regional Government Jepara Regency it was flagged as a suspicious transaction after it was disbursed within a short period of time. … Read more

Get ready! OJK Will Cut Hundreds of BPR Numbers

Get ready!  OJK Will Cut Hundreds of BPR Numbers

Jakarta – The Financial Services Authority (OJK) will massively cut the number of People’s Economic Banks (BPR) in Indonesia. Currently, the number is considered too large, causing various problems. Chief Executive of OJK Banking Supervision Dian Ediana Rae said the number of BPRs would be reduced to around 1,000 from the current 1,600. He confirmed … Read more

“Latest Economic and Business News: Train Routes and Infrastructure Updates – Tempo.co”

TEMPO.CO, Jakarta – The latest economic and business news on Saturday afternoon, May 27 2023, starting from the train journey that crosses the Madiun 7 Operational Area (Daop) area, which is claimed to be shorter.

Next, there is news that leaked data on the internet is not sensitive data and is not core data from BSI. Furthermore, it is the hope of the Ministry of PUPR for the continued construction of basic infrastructure in the Archipelago State Capital or IKN.

Then there was news about the industry players’ response to the electric vehicle budget set by the Minister of Finance Sri Mulyani and the LPS’ explanation about how many BPRs go bankrupt every year.

The five news stories accessed the most by readers of the Tempo.co Economy and Business channel. The following is a summary of the five trending news:

1. Gapeka Applies June 1, Bima Train Route Gambir – Gubeng Surabaya Faster 61 Minutes

Public Relations Manager PT Car Api Indonesia or KAI (Persero) Operational Area (Daop) 7 Madiun, East Java Supriyanto said that train trips crossing his area would be shorter.

This is in line with the enactment of the train travel chart (Gapeka) starting June 1, 2023. “Making train travel times in PT. KAI Daop 7 Madiun has become faster,” said Supriyanto, Friday, June 26, 2023

The speed of the train, especially from Walikukun Station, Ngawi to Mojokerto Station, is 15 kilometers per hour faster. This is from 105 kilometers per hour to 120 kilometers per hour. Then, the speed of the train from Kertosono Station to Blitar Station increased by 10 kilometers per hour. This is from 100 kilometers per hour to 110 kilometers per hour.

Read more about Car here.

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