IDR

Credit Surges by 12.53%, BRI's Profit Soars to IDR 44.21 Trillion in 9 Months

Retrieved on: 
Wednesday, November 1, 2023

(IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.

Key Points: 
  • (IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
  • BRI's entire credit portfolio grew, with MSME loans up by 11.01% from IDR 935.86 trillion in Q3 2022 to IDR 1,038.90 trillion in Q3 2023, now accounting for 83.06% of the total credit.
  • Furthermore, the bank's commitment to ESG principles is shown by an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion, making up 66.1% of the credit portfolio.
  • Maintaining credit quality lowered Credit Cost to 2.44% in Q3 2023, with Non-Performing Loan Coverage at 228.65%.

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

Retrieved on: 
Tuesday, October 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points: 
  • Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
  • On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
  • NCLA released the following statements:
    “The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
  • The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

NCLA Asks Appeals Court to Block Unlawful Biden Scheme Trying to Cancel Student Loan Debt

Retrieved on: 
Tuesday, October 10, 2023

Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.

Key Points: 
  • Moving on an accelerated schedule to deter court review, the Department of Education announced the unlawful plan in July before the ink was dry on the Supreme Court opinion striking down its old $430 billion student loan debt cancellation plan.
  • On October 4, President Biden announced an additional $9 billion in student loan debt cancellation, including $5.2 billion for PSLF borrowers and $2.8 billion for IDR borrowers.
  • NCLA released the following statements:
    “The Supreme Court has declared unlawful the Administration’s $430 billion student loan program to cancel student loan debt by administrative fiat without involving Congress.
  • The Department of Education’s ongoing campaign to cancel billions of dollars of student loans by rewriting statutes is disgraceful and despotic.”

ASEAN High-Level Forum 2023: Disability Inclusive Development and Partnership beyond 2025

Retrieved on: 
Tuesday, October 10, 2023

This is one of the main issues that emerged in the ASEAN High-Level Forum on Disability Inclusive Development and Partnership beyond 2025.

Key Points: 
  • This is one of the main issues that emerged in the ASEAN High-Level Forum on Disability Inclusive Development and Partnership beyond 2025.
  • The participants in this forum consist of Ministers and ASEAN Senior Officials who are responsible for social welfare and development in related sectoral bodies, ASEAN affiliated entities and partners.
  • A number of speakers appeared on the first day of AHLF who focused on identifying challenges in ASEAN to strengthen disability inclusive development.
  • Fulfilling disability rights is an effort to realize Indonesia's human development design where no one is left behind, including those with disabilities.

BRI Strengthens Commitment to Sustainable Finance with New Green Bonds

Retrieved on: 
Wednesday, October 4, 2023

The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.

Key Points: 
  • The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as Indonesia's largest domestic green bonds issuer after an IDR 5 trillion issuance in 2022.
  • Proceeds from the Green Bonds issuance will mainly support renewable energy, energy efficiency, pollution control, eco-friendly transportation, and sustainable land use projects.
  • This highlights BRI's commitment to a Green Economy and Sustainable Principles, with previous issuances including Sustainable Bonds, Sustainable-Linked Loans, Medium-Term Notes, and Subordinated Debt.
  • "The Green Bonds issuance also saw demand from retail investors, showcasing BRI's commitment to the government's financial inclusion strategy.

GH Research Provides Updates and Guidance on its Clinical Development Program for GH001 in Treatment-Resistant Depression

Retrieved on: 
Friday, September 29, 2023

DUBLIN, Ireland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today provided updates and guidance on its clinical development program for GH001, its proprietary inhalable mebufotenin (5-MeO-DMT) product candidate, in treatment-resistant depression (TRD).

Key Points: 
  • DUBLIN, Ireland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today provided updates and guidance on its clinical development program for GH001, its proprietary inhalable mebufotenin (5-MeO-DMT) product candidate, in treatment-resistant depression (TRD).
  • The double-blind phase is followed by a 6-month open-label extension phase where all patients can receive treatment with the GH001 IDR as-needed, based on the patient’s clinical status.
  • We are awaiting that follow-up letter from the FDA and look forward to working with them to resolve any outstanding concerns.
  • We plan to provide an update in our next earnings release in November 2023.

BRI Excels with Robust Capital and Return on Equity

Retrieved on: 
Monday, September 25, 2023

(IDX: BBRI) maintained its strong performance, boasting robust capital and a healthy return on equity (ROE) ratio.

Key Points: 
  • (IDX: BBRI) maintained its strong performance, boasting robust capital and a healthy return on equity (ROE) ratio.
  • "When the capital is exceptionally strong, the usual compensation is a lower ROE due to the sheer size of the capital.
  • BRI rises to this challenge with its formidable capital base, signifying the bank's robust capital health.
  • This strong capital is leveraged to generate revenue and an impressive return as proven by a 20.01% ROE."

BRI Excels with Robust Capital and Return on Equity

Retrieved on: 
Monday, September 25, 2023

(IDX: BBRI) maintained its strong performance, boasting robust capital and a healthy return on equity (ROE) ratio.

Key Points: 
  • (IDX: BBRI) maintained its strong performance, boasting robust capital and a healthy return on equity (ROE) ratio.
  • "When the capital is exceptionally strong, the usual compensation is a lower ROE due to the sheer size of the capital.
  • BRI rises to this challenge with its formidable capital base, signifying the bank's robust capital health.
  • This strong capital is leveraged to generate revenue and an impressive return as proven by a 20.01% ROE."

JCB and BNI Launch the BNI JCB Ultimate Card

Retrieved on: 
Thursday, September 21, 2023

(BNI) launched the latest credit card, BNI JCB Ultimate.

Key Points: 
  • (BNI) launched the latest credit card, BNI JCB Ultimate.
  • The BNI JCB Ultimate Card is targeted at the super-premium segment and focuses on dining transactions.
  • It will be extremely beneficial for Japanese premium dining enthusiasts and food lovers in general to frequently use the BNI JCB Ultimate Card for transactions.
  • The koi fish on the card symbolises good luck, success, and prosperity, which are BNI's hope for BNI JCB Ultimate cardholders.

Accordant Investments Introduces its First Registered Interval Fund, Accordant ODCE Index Fund - ODCEX

Retrieved on: 
Wednesday, September 13, 2023

Accordant Investments LLC (“Accordant”), a registered investment advisor, has announced the launch of its first registered interval fund, Accordant ODCE Index (“Fund”), ticker: ODCEX.

Key Points: 
  • Accordant Investments LLC (“Accordant”), a registered investment advisor, has announced the launch of its first registered interval fund, Accordant ODCE Index (“Fund”), ticker: ODCEX.
  • The Fund employs an indexing investment approach that seeks to track the NCREIF Fund Index – Open End Diversified Core Equity (“NFI-ODCE Index”) on a net-of-fee basis while minimizing tracking error.
  • In our opinion, the index is similar to what the S&P 500 is for the largest publicly traded stocks.
  • “Investors can now participate in an indexing strategy previously limited only to institutional investors,” said Greg Stark, CEO of Accordant.