SBY’s Speech Responded IHSG

Friday, 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 ...

Bailout reported to vice president on 25 November

Thursday, January 14th, 2010

Former 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 ...

The BI Rate at the 6.5 percent

Saturday, January 9th, 2010

The Board of Governors of BI (Bank Indonesia) at meeting here on Wednesday decided to maintain the BI Rate at the level of 6.5 percent. The BI Rate at the 6.5 percent level was considered consistent with the 2010 inflation target achievement at 5 percent with plus minus of one percent, ...

Kalla optimistic Century case to be solved transparently

Thursday, December 10th, 2009

Former Vice President Jusuf Kalla has expressed optimism that the alleged corruption in the Bank Century bailout will be disclosed transparently. "I am certain it will be disclosed transparently because that is what President Susilo Bambang Yudhoyono and Vice President Boediono also want," Kalla said here on Wednesday.

RI-China trade target to exceed US$30 billion in 2010

Tuesday, December 1st, 2009

President Susilo Bambang Yudhoyono has expressed optimism the value of Indonesia-China trade would exceed US$30 billion next year because the figure was already achieved in 2008. Therefore, President Yudhoyono said Indonesia was optimistic enough to set its new target for trade ith China at US$50 billion for the next five years.

Japan Pledges USD 400 Million Loan to Indonesia

Monday, October 26th, 2009

Japan, the world’s fifth-biggest air polluter, offered a $400 million yen-denominated loan on Sunday to Indonesia, the world’s third-largest air polluter, to help tackle global warming, Japanese officials said. The loan was part of the “Hatoyama Initiative” unveiled last month by Japanese Prime Minister Yukio Hatoyama, in which Tokyo will provide ...

SBY : Indonesia Will Never Leave ASEAN

Monday, October 26th, 2009

President Susilo Bambang Yudhoyono said on Sunday night Indonesia will never leave ASEAN despite its growing role in the Group of 20 rich and developing nations (G20). "Admittedly, I have heard some worries that since Indonesia has a new club, new home, namely G20, it will no ...

President Targets Economy to Grow 7 Pct in 2014

Saturday, October 24th, 2009

President Susilo Bambang Yudhoyono has targeted the domestic economy to grow by seven percent at the end of his second five-year term in office. "In the next five years we certainly want to increase our economic growth. For example, we want to achieve an economic growth of 7 percent or more ...

Indonesia rejects loan offer from S Korea

Wednesday, June 3rd, 2009

President Susilo Bambang Yudhoyono said that the Indonesian government would not use external loans to reinforce its fiscal financing although the South Korean government had offered assistance. "If there is no urgent need, we should not necessarily borrow money although South Korea has offered us a loan," the president said here ...