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 This step was implemented after BPR Wijaya Kusuma’s license was revoked by the Financial Services Authority (OJK) starting January 4 2024.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

Indonesian Deposit Insurance Corporation (LPS) Replaces IDR 261.14 Billion in Customer Savings from Two Bankrupt Banks

Indonesian Deposit Insurance Corporation (LPS) Replaces IDR 261.14 Billion in Customer Savings from Two Bankrupt Banks

Jakarta, CNBC Indonesia – The Deposit Insurance Corporation (LPS) has replaced a total of IDR 261.14 billion in customer savings from two bankrupt banks throughout 2023. LPS noted that two banks went bankrupt during this year, namely PT Bank Perkreditan Rakyat Bagong Inti Marga (BPR BIM) and the Regional Public Company Bank Perkreditan Rakyat Karya … Read more

The Growth of Fintech Peer to Peer Lending Exceeds Banking Credit: Deposit Insurance Agency (LPS)

The Growth of Fintech Peer to Peer Lending Exceeds Banking Credit: Deposit Insurance Agency (LPS)

Jakarta – The Deposit Insurance Agency (LPS) asked banks to be careful and not to underestimate the existence of online loans (pinjol). This is because the growth in fintech peer to peer (P2P) lending has exceeded the credit growth in the banking industry nationally. “Banks must take a look, what is small is allowed to … 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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