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DBS Denies Rumours of Indonesian Subsidiary Merger with Bank Central Asia; Analysts Cautious on Deal
The Singapore lender said there is no truth to speculation that its Indonesian unit could be folded into BCA after shares rose more than 7%.
Summary by Business Times
5 Articles
5 Articles
DBS says ‘no truth’ to rumour that it will merge with major Indonesian bank BCA
Talk had spread on social media platforms that DBS' Indonesian subsidiary could be merged into BCA, causing the latter's share price to jump. Read more at straitstimes.com.
JAKARTA — Rumors of a merger between PT Bank DBS Indonesia and PT Bank Central Asia Tbk (BCA) are circulating widely on social media. The news suggests DBS Indonesia will merge with BCA,...
DBS Group denied rumors of a merger between its subsidiary, PT Bank DBS Indonesia, and PT Bank Central Asia Tbk (BBCA).
Bank DBS Indonesia denied rumors of a merger with BCA circulating on social media.
Coverage Details
Total News Sources5
Leaning Left0Leaning Right2Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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