OJK Sanctions Linked to Bliss Properti IPO: NH Korindo License Suspended Jakarta – Indonesia’s Financial Services Authority (OJK) has imposed sanctions totaling IDR 5.6 billion (approximately $350,000 USD) on multiple …
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Indonesia’s LPS Revokes Licenses of 25 Insurance Companies Amidst Global Failures Jakarta – The Lembaga Penjamin Simpanan (LPS), Indonesia’s deposit insurance agency, has revoked the licenses of 25 insurance companies …