{
    "success": true,
    "data": {
        "id": 1124795,
        "msgid": "lippo-forecasts-2005-profit-to-up-1447893297",
        "date": "2005-11-15 00:00:00",
        "title": "Lippo forecasts 2005 profit to up",
        "author": null,
        "source": "BLOOMBERG",
        "tags": null,
        "topic": null,
        "summary": "Lippo forecasts 2005 profit to up JAKARTA: PT Bank Lippo, an Indonesian lender controlled by Malaysia's Khazanah Nasional Bhd., said it expects profit this year to rise by about 85 percent because of higher lending to consumers. Net income may rise to Rp 500 billion (US$50 million) this year from Rp 270.6 billion in 2004, Lippo President Joseph Luhukay told reporters in Jakarta on Monday. \"We will be aggressive next year too,\" he said.",
        "content": "<p>Lippo forecasts 2005 profit to up<\/p>\n<p>JAKARTA: PT Bank Lippo, an Indonesian lender controlled by<br>\nMalaysia&apos;s Khazanah Nasional Bhd., said it expects profit this<br>\nyear to rise by about 85 percent because of higher lending to<br>\nconsumers.<\/p>\n<p>Net income may rise to Rp 500 billion (US$50 million) this<br>\nyear from Rp 270.6 billion in 2004, Lippo President Joseph<br>\nLuhukay told reporters in Jakarta on Monday.<\/p>\n<p>&quot;We will be aggressive next year too,&quot; he said. &quot;We will boost<br>\nretail and consumer business.&quot;<\/p>\n<p>Bank Lippo is boosting lending as an expanding economy<br>\nencourages borrowing by companies and consumers. Southeast Asia&apos;s<br>\nlargest economy is expected to expand as much as 6 percent this<br>\nyear, after 5.1 percent growth in 2004, according to the<br>\ngovernment.<\/p>\n<p>Khazanah Nasional, Malaysia&apos;s state investment company, said<br>\non Oct. 6 it received approval to buy a controlling stake in Bank<br>\nLippo, paving the way for an offer to buy the rest of the<br>\nIndonesian lender from Swissasia Global, an investor group<br>\ncontrolled by Raiffeisen Zentralbank, an Austrian bank. --<br>\nBloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lippo-forecasts-2005-profit-to-up-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}