BTN made a net profit of Rp490 billion in 2009

March 15th, 2010

BTN made a net profit of Rp490 billion in 2009

BTN made a net profit of Rp490 billion in 2009

PT Bank Tabungan Negara (BTN) made a net profit of Rp490 billion in 2009, which is up from Rp430 billion in 2008.In 2009 BTN booked Rp58.5 trillion in assets growing 30.06 percent from 2008`s assets of Rp44.9 trillion. Its total credits in 2009 reached Rp40.7 trillion or grew 27.19 percent from Rp32 trillion recorded in 2008.
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BI governor candidates 2010 ?

March 15th, 2010

BI governor candidates

BI governor candidates

Presidential spokesman Julian Aldrin Pasha said earlier this month Yudhoyono was selecting the names of BI governor candidates. But he refused to mention names.

President Susilo Bambang Yudhoyono recently submitted three names as possible replacements for BI Deputy Governor Siti Ch. Fadjrijah, to be chosen by the House of Representatives in early April. Read more »

SBY’s Speech Responded IHSG

March 5th, 2010

President Susilo Bambang Yudhoyono’s speech, Thursday, regarding the parliament plenary, seems to have had a positive influence over the market.
The Composite Stock Price Index (IHSG) rose by 0.56 percent, or rose by 14.49 points to 2,580.135. The consumer’s sector has been the main support of the index at the start of the session. The majority of stocks at the start of the Indonesian Stock Exchange, Friday morning, are on the green zone, following Wall Street.

SBY in his speech defending the Rp. 6.7 trillion Century Bailout as the necessary measure that prevented the crisis.

The index for Kompas100 rose by 0.64 percent. The LQ-45 index strengthened by 0.66 percent, and the Jakarta Islamic Index also follows the rise by 0.86 percent.

kompas

BI decided to maintain the BI Rate at 6.5 percent

March 5th, 2010

Meeting of the Board of Governors of Bank Indonesia (BI) decided to maintain the BI Rate at 6.5 percent level because they were considered consistent with achieving the inflation target in 2010 and 2011 for 5 plus minus 1 percent, according to Head of Public Relations Bureau Difi A BI Johansyah to the press in Jakarta , Thursday (4/3/2010).

This decision is considered conducive to efforts to strengthen the process of economic recovery, financial stability, and banking intermediation, Difi said.
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BCA still waiting out the ATM Chip Standart

March 5th, 2010

PT Bank Central Asia (BCA) Tbk still waiting out the chip quality standards that will be used on the card Teller (ATM). Currently, the standardization process it was in discussions with Bank Indonesia (BI) and the government.

Director of Bank BCA Suwignyo Budiman said chip card standard is needed to make BI and the bank can monitor the security of chip cards. “If there is no standard, if there are break-ins is difficult to find one. We hope that this standard could be completed this year so that gradually we will put the chip in the ATM,” he said.
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BNI provides working capital credit facility (KMK)

March 5th, 2010

PT Bank Negara Indonesia Tbk, or BNI provides working capital credit facility (KMK) worth Rp 3 trillion in two stages to Perum Pegadaian. The first phase provided Rp 400 billion and a second phase of Rp 2.6 trillion.
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No Urgency BI Rate Increased

March 1st, 2010

No Urgency BI Rate Increased
istanakunang

Jakarta – February 2010 inflation lower than the previous month, assessed under control. There is no urgency for the BI to raise the BI rate. Therefore, current levels conducive to the rupiah and growth.

Eric Alexander Sugandi, Standard Chartered Bank economist has estimated inflation in February 2010 (month on month) will slow down compared to the previous month at 0.84% level. Similarly, inflation year on year.
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Bank Mutiara : L / C PT Selalang was not fictitious

March 1st, 2010

Bank Mutiara : L / C PT Selalang was not fictitious
vivanews

Mukhamad Misbakhun, members of the Special Committee (Special Committee) Bank Century of PKS faction who is also President Commissioner of PT Prima International Selalang tripped case Letter of Credit (L / C) with problems in the Bank Century. L / C Misbakhun not fictitious.
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