Asian stocks mixed after Wall St decline
February 9th, 2010Asian stocks were mixed Tuesday following Wall Street’s overnight decline on lingering worries about high European debt levels.
View full post on The Jakarta Post
Still no word from Toyota on Prius recall
February 9th, 2010Toyota is close to recalling as many as 300,000 of its popular Prius hybrids over brake problems, according to Japanese media – a decision that would further embarrass a trusted brand suddenly bese
View full post on The Jakarta Post
Bank Century, reshuffle issues hurt domestic market: Observer
February 9th, 2010Issues of a cabinet reshuffle, derived from Bank Century’s controversial bailout, have been impairing domestic markets amid the impact of the global economic crisis, an observer says.
View full post on The Jakarta Post
Toyota plans to recall 300,000 Priuses
February 8th, 2010Toyota plans to recall about 300,000 Prius hybrids worldwide over a brake problem and will notify the U.S.
View full post on The Jakarta Post
Sri Mulyani optimistic inflation under control
January 27th, 2010Finance Minister Sri Mulyani Indrawati expressed her optimism on Tuesday that inflation in January would remain under control but she also called for a continuous watch on the rice price hike.
“The contribution of rice price to inflation is still quite big. Other than that I think it all remains stable,” she said. and she was also optimistic the annual inflation in January this year would still be below 3.0 percent. “Annually, it is probably still below 3.0 percent,” she said.
Read more »
Former Century Bank Fund Found
January 27th, 2010With regard to the funds in Hong Kong the Attorney General’s Office had already named two suspects, namely Hisam Alfaruk and Rafat Ali Rifki respectively British and Pakistani nationals. Other Bank Century funds were found in Dressner Bank of Switzerland totaling US$220 million, he said.
Read more »
RI ratings as economy strengthens
January 27th, 2010Fitch Ratings on Monday upgraded Indonesia’s long-term foreign and local currency ratings to BB+ from BB, one level below investment grade, citing the country’s resilience to the global financial crisis.
S&P’s rating is three levels below investment grade, while Moody’s is two levels below investment grade.
Read more »
BCA : No ATM services block
January 27th, 2010Messages, which have been circulating among customers, claiming to have cited information from BCA employees have been circulating said the bank would blockade ATM transactions starting 12 a.m. Sunday to Jan. 25. They encourage depositors to withdraw money immediately if needed.
Read more »
BCA : no internet hacking
January 27th, 2010The central bank said the issue affected 200 customers at six banks – BCA, Bank Rakyat Indonesia (BRI), Bank Mandiri, Bank Negara Indonesia (BNI), Bank Internasional Indonesia, and Bank Permata.
The recent Bank Central Asia (BCA) savings account losses occurred due to unintentionally duplicating ATM cards and did not involve internet hacking, BCA said.
Read more »
Bailout reported to vice president on 25 November
January 14th, 2010Former chairwoman of the Financial System Stability Committee (KSSK) Sri Mulyani said she reported to then Vice President Jusuf Kalla on the Bank Century bailout decision on November 25, 2008, not on November 22, 2008.
“I reported to the vice president (Jusuf Kalla) on November 25, 2008,” Sri Mulyani said in reply to a question raised by Andi Rahmat during a House inquiry session here on Wednesday.
Read more »
