3 stories mentioning IDX:BMRIUpdated 10d ago
Every FINWIRES story that references IDX:BMRI, newest first.
Bank Mandiri (Persero) (IDX:BMRI) has an average rating of overweight and mean price target of 5,289.45 rupiah, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
The central banks of Indonesia and China agreed to explore expanding the size of their bilateral currency swap arrangement, as well as reaffirmed their commitment to increasing the use of local currencies in bilateral transactions.To that effect, a memorandum of understanding on local currency transactions involving Bank Indonesia, the People's Bank of China and the Hong Kong Monetary Authority was signed, according to a Thursday release by Bank Indonesia. The agreement aims to promote the use of local currencies in trade and investment, improve transaction efficiency, and support deeper regional financial integration.The two central banks also launched the Indonesia-China cross-border QR payment system, while Bank Mandiri (IDX:BMRI) was designated as a direct participant in China's Cross-border Interbank Payment System to streamline clearing and settlement processes.Bank Indonesia and the People's Bank of China also signed another MoU to establish a Renminbi clearing arrangement in Indonesia, which is expected to ensure sufficient liquidity for trade, investment and financial activities.
Several large Indonesian banks integrated their mobile banking services with China's digital payment platforms to ensure ease of payments for travelers to China, The Jakarta Globe reported Friday.Bank Rakyat Indonesia (IDX: BBRI), Bank Negara Indonesia (IDX:BBNI), PT Bank Mandiri (Persero) (IDX:BMRI), and Bank Central Asia (IDX:BBCA) integrated cross-border QRIS services into their apps to facilitate the transactions.The connection with Alipay, UnionPay, and Weixin Pay, and others will eliminate the need for Indonesian travelers to convert and carry US dollars by allowing direct payments in rupiah using QRIS.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
