Blue Bird Receives Loan Facility Worth IDR1Trn

PT Blue Bird, Tbk (BIRD IJ), Indonesia’s taxi operator with strong brand equity, has received a loan facility worth IDR1trn by Bank Sumitomo, with a maturity of six years. The proceed will be used for its capital expenditure, to fund its fleet expansion plans, amidst fast-growing ride-hailing app-based service’s competition.

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