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 ...

BCA still waiting out the ATM Chip Standart

Friday, 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 ...

BNI provides working capital credit facility (KMK)

Friday, 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.

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 ...

Bapepam-LK has allowed PLN to double the value of its bonds

Saturday, January 9th, 2010

The Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) has allowed state electricity firm PT Perusahaan Listrik Negara (PLN) to double the value of its bonds offered to Rp3 trillion. Bapepam allowed PLN to do so after the bonds were oversubscribed, PLN Finance Director Setio Anggoro said in a press statement ...

PPATK Submits Transaction Analysis of Century Case

Thursday, December 17th, 2009

The Financial Transaction Analysis and Report Center (PPATK) submitted the suspicious financial transaction analysis of Century Bank customers to the House of Rep.'s Century Bank inquiry special committee, Thursday. The data was given in a sealed envelope was confidential based on the Supreme Court Ruling No. 148/MKA/XII/2009, dated December 14, 2009. ...

Century Funds Flow

Tuesday, December 1st, 2009

Century Funds Flow A total of Rp 4.02 trillion or 59 percent of Capital Investment funds while Rp 6.76 trillion being poured Institution to the Bank Deposit Century used to pay the bank's liabilities to the 8577 storage customers. Furthermore, Rp 2.25 trillion or 33 percent of bank assets in the form ...

Industry no longer locomotive of RI`s economic gowth

Saturday, November 28th, 2009

Industrial growth in Indonesia has continued to decline since 2006 and no longer serves as the locomotive of national economic growth, a national development planning official said. "Since 2006, the growth of industry has continued to decline and now happens at a rate below the overall economic growth rate. This means ...

Asian investors interested in buying former Bank Century

Saturday, November 28th, 2009

Firdaus Djaelani, chief executive of the Deposit Insurance Agency (LPS), said several investors from Asia were seriously considering to buy Bank Mutiara or former Bank Century. "Several of them have shown serious interest and have come three times to enquire about Bank Mutiara," he said at a press conference. LPS became Bank ...

Sabang int`l seaport to operate in 2012

Monday, November 23rd, 2009

Aceh province`s Sabang international seaport which is now under construction is scheduled to commence operations in 2012, the port`s administrator said. "The project is to support the economic growth of the Sabang Free Port and Trade Area," Sabang Port Administrator Teuku Saiful Ahmad said here on Friday.