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Indonesia just had its biggest-ever IPO

Indonesia just had its biggest-ever IPO
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M&C Saatchi Indonesia wins PermataBank s Integrated Communications business

August 4 2021, 8:53 am | BY Kim Shaw | No Comments M&C Saatchi Indonesia has won the PermataBank account in a multi-agency pitch that saw five agencies participate. Narrada Communications was the incumbent. The scope of services includes ATL, BTL and Digital.   In 2004, Standard Chartered Bank and PT Astra International Tbk took over PermataBank and started a massive transformation process within the organization. In 2020, PermataBank made history when Bangkok Bank (Bangkok Bank Public Company Limited) acquired it and became the controlling shareholder. PermataBank is among the top-10 banks in Indonesia, by assets managed, and listed in the Indonesian Stock Exchange. The bank is available in 62 cities across Indonesia, with 294 branches, 4 Mobile Branches, 22 on-stop services for Sharia Banking and a singular Voice ID Caller that serves customers across the country.

Indonesia can consider strengthening ESG policies amid calls for a standardised global framework

July 09 2021 Environmental, social and governance (ESG) factors are a set of non-financial performance indicators that assess a company’s risks and relationship to the environment and society. Investors rely on sustainability reporting to assess the materiality of ESG risks to inform their investment decisions. Concurrently, businesses rely on sustainability metrics to identify industry specific ESG risks and the extent of exposure that can have material implications on the company. ESG is often viewed through one of two lenses: (i) an impediment to business as usual and the need for additional regulatory compliance; and (ii) a framework that, if optimised, can support investors and businesses to create long-term value while advancing national and international efforts to achieve sustainability agendas, such as the United Nations’ 2030 Agenda for Sustainable Development.

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