Indonesia opens first state-owned bank branch in Taiwan
Bank Rakyat Indonesia (BRI), one of Indonesia’s largest state-owned banks, yesterday opened its doors to customers after launching its first branch in Taiwan, which is home to a large Indonesian community. The Taipei branch — the first opened in Taiwan by any Indonesian state-owned bank — would initially target Indonesian nationals in Taiwan and businesses with ties to Indonesia, branch business manager M. Baiquni Husein said. The branch, which is in downtown Taipei, would first focus on encouraging Indonesian migrant workers to open savings accounts, especially because 60 to 70 percent ...