en.malanginspirasi – A foreign media outlet The Straits Times reported that DBS Group of Singapore has issued a definitive denial regarding swirling market speculation over a potential merger between its Indonesian subsidiary and PT Bank Central Asia Tbk (BCA).
The viral rumor, which quickly caught the attention of regional and international financial media, originated across Indonesian social media platforms, claiming that PT Bank DBS Indonesia was slated to be absorbed into BCA.
According to the unverified claims, BCA would remain as the surviving entity, while DBS Indonesia shareholders would receive newly issued BCA shares as compensation.
A DBS spokesperson swiftly put the rumors to rest, providing a clear rebuttal to inquiries.
“There is no truth to this rumour,” the spokesperson stated as quoted from The Straits Times.
Market Impact and Media Spotlight
Despite the prompt denial, the rumor proved potent enough to move the needle on the trading floor.
On October 28, BCA’s share price jumped 7 percent, with traders and market commentators linking the sudden surge directly to the merger talk.
This dramatic market movement immediately caught the eye of foreign financial publications, with The Straits Times focusing intensely on this interesting topic.
The publication closely monitored the fast-moving story, highlighting both the social-media-driven speculation and DBS’s swift denial as it gained widespread traction among investors and the public.
Observers noted how rapidly digital rumors can translate into real-world market volatility in emerging Southeast Asian economies.
Background on the Financial Institutions
Regarding the institutions involved, PT Bank DBS Indonesia operates as a subsidiary of Singapore’s DBS Bank, offering a comprehensive suite of corporate, SME, consumer, and wealth-management banking services throughout the country.
Meanwhile, PT Bank Central Asia Tbk (BCA), headquartered in Jakarta and controlled by the Hartono family, stands as Indonesia’s largest private bank by market capitalization.
BCA’s shares had already drawn intense investor interest earlier in 2026, particularly after the Jakarta Composite Index dropped sharply following an MSCI warning regarding Indonesia’s emerging-market status.
