BI to issue new banking regulations

Bank Indonesia will soon release two crucial regulations to accelerate banking activities, strengthen banking institutions and to boost real economic sectors, including small-to medium enterprises (SMEs), BI governor Burhanuddin Abdullah said.

Speaking on Wednesday after the opening of a three-day seminar on microbanking in Nusa Dua, Bali, Bank Indonesia governor Burhanuddin Abdullah said the new regulations were expected to accelerate economic growth to around 6 percent in 2005.

The regulatio

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