17 Banks Shut Down: Indonesia Faces Financial Sector Challenges
Jakarta, Indonesia Sentinel -- As 2024 approaches its end, Indonesia’s financial sector faces growing turbulence, with 17 banks declared bankrupt ...
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Tag: LPS
Indonesia Deposit Insurance Payouts Reach $47 Million Protects Over 400,000 Bank Customers
Jakarta, Indonesia Sentinel -- The Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan, or LPS) has paid out IDR 735.26 billion ...
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Indonesian Textile Giant Sritex Shut Down Operations in March 2025 and Layoffs 8,400 After Declared Bankrupt
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