The OJK urges Mayapada to increase capital or reshuffle its controlling shareholders. There are suspicions that this was the impact of an alleged violation of prioritizing jumbo loans for owner’s colleagues.
Ties between players in a suspected corruption case at Jiwasraya are becoming clearer. The involvement of investment managers led investigators to the Financial Services Authority and the Indonesian Stock Exchange.
The government decided to inject some Rp2.78 trillion to support the Indonesian Palm Oil Plantation Fund Management Agency in the swelling B30 program. It is seen as only benefiting oil palm oil giants that produce biodiesel.