OJK Moves to Approve Business Relations with a Foreign Company.

J. Trust Co. Ltd, a Japanese investment company, expressed its commitment to become a long-term investor in Indonesia's banking sector. The commitment was made after the company was designated as the prospective winner by the Deposit Insurance Agency (LPS) in the tender to acquire Bank Mutiara.

"We fully intend to become a long-term player in Indonesia's banking sector," a J Trust investor relations official told Tempo.

According to the official, J

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