Indonesia: Bank Rakyat to launch satellite, Duta Intidaya taps IPO to raise $6.6m

Indonesia: Bank Rakyat to launch satellite, Duta Intidaya taps IPO to raise $6.6m

Photo By BRI

State lender PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) is set to launch its own satellite next week, which is expected to become operational before the end of August. Meanwhile, health and beauty products retailer PT Duta Intidaya aims to raise Rp90.8 billion ($6.6 million) from an initial public offering (IPO) this year.

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