Corporate News, BMRI, INDY, BTPN

Today’s Important News that You May Have Missed
Corporate News

$INDY
Indika Pays A$7.68M for Pvt Placement in Nusantara Resources
(Bloomberg) -- Indika Mineral Investindo signs a subscription agreement to buy 33.4m shares of Nusantara Resources Limited in private placement, co.’s parent Indika Energy says in stock exchange filing.
* Indika Energy to own 19.9% stake in Nusantara
* Nusantara will use proceeds to continue the development of Awak Mas project in Indonesia’s South Sulawesi province
https://stockbit.com/post/2080922



$BMRI
Indonesia’s Bank Mandiri Targets 11.5% Loan Growth Next Year
(Bloomberg) -- Demand from large cos., small-sized businesses and individuals to support loan growth in 2019, Bank Mandiri’s Finance Director Panji Irawan tells reporters in Jakarta.
* The state lender aims 13% loan growth for 2018: Irawan
** Indonesia’s loan growth seen at 10.5% next year, says Chief Economist Anton Gunawan
* Bank Mandiri targets 2.7% non- performing loan rate next year, lower compared to an estimate of 2.9% this year: Irawan
* Third-party funds seen growing 10.6% in 2019 versus est. 5.6% in 2018: Irawan


$BTPN
Bank BTPN, Sumitomo Mitsui Reschedule Merger Effective Date
(Bloomberg) -- Bank Tabungan Pensiunan Nasional and Sumitomo Mitsui Indonesia reschedule their merger effective date to Feb. 1 or other date as agreed by cos., Tabungan Pensiunan Nasional says in stock exchange filing.
* Cos. previously planned to merge on Jan. 1
* NOTE: Sumitomo Mitsui Takes Another Step to Control of Indonesian Bank

Bank Indonesia
Bank Indonesia Stands Ready to Intervene in Domestic NDF Market
(Bloomberg) -- The central bank will boost liquidity in onshore non-deliverable forward market, according to a senior official.
* The intervention will be followed by an auction in afternoon session, Nanang Hendarsah, executive director for monetary management, says by text message