Indonesia
BI governor surrenders passport
INDONESIA - Bank Indonesia governor Sjahril Sabirin handed over on Tuesday 25 September his passport to the Directorate General of Immigration in response to the government regulation that bans crime suspects from travelling overseas.
Indonesia's 2002 budget to be drained by debt
INDONESIA - Indonesia will unveil on 7 September a draft budget constrained by a mountain of debt that has left President Megawati Sukarnoputri's government with barren coffers and few options to prove it can fix the shattered economy.
Indonesia expects IMF deal within days
INDONESIA - A deal to resuscitate Indonesia's loans from the International Monetary Fund, frozen since last year, could be finalised as early as 23 August, according to the Indonesian government.
No policy change despite emergency, Bank Indonesia
INDONESIA - The governor of Indonesia's central bank said yesterday, 23 July the country's foreign exchange and monetary policy remained unchanged despite President Abdurrahman Wahid's declaration of a state of emergency earlier in the day.
New London Rep for Bank Indonesia
UK - The London office of Bank Indonesia has a new Chief Representative.
Bank Indonesia extends capital adequacy deadline
INDONESIA - Bank Indonesia has extended its deadlines for banks to achieve a minimum capital adequacy ratio (CAR) of 8 per cent.
Indonesia c-bank implements new settlement system
INDONESIA - Bank Indonesia (BI), the Indonesian central bank, has implemented the Real-Time Gross Settlement (RTGS) system in Bandung. RTGS facilitates high-speed, high-value transactions. BI will also use RTGS to monitor the liquidity of banks and as an…
IMF reach compromise over central bank law changes
INDONESIA - Indonesia appears to be making some headway in its efforts to get fresh loans from the International Monetary Fund.
Indonesia expects smooth talks with IMF mission
INDONESIA - Indonesia's chief economics minister said on 4 July he expected smooth talks with an IMF team due to arrive this week on a mission aimed at paving the way for resumption of a $5 billion loan programme.
Indonesia set on sacking central bank board
Indonesia - Indonesia on 21 June insisted on going ahead with the controversial sacking of the central bank board but was prepared to add to a revised law on Bank Indonesia (BI) to ensure its independence.
Indonesia Bank deputy takes economic minister post
INDONESIA - Floundering Indonesian President Abdurrahman Wahid reshuffled his economic ministers on 12 June, a move analysts dismissed as pointless and not enough to save him from impeachment in August.
Bank Indonesia Real Time Gross Settlement BI-RTGS
ARTICLE - Bank Indonesia began operating a Real Time Gross Settlement system in Bandung area on 5 June. With this system, inter-bank payments are settled in real time where the participant bank's accounts can be debited/credited several times per day.
Bank Indonesia tight monetary policy remains
INDONESIA - Indonesia's central bank said on 1 June that the country's political instability would prevent it from loosening monetary policy in the short term, even though the ailing rupiah has shown some strength.
Government proposals rejected by bank panel
INDONESIA - An independent panel formed to review proposed changes to Indonesia's central bank law has rejected a proposal that will allow the president to dismiss the central bank's board of governors.
Bank Indonesia will keep stable monetary policy
INDONESIA - Bank Indonesia said on 15 May that it will consistently maintain a prudent monetary policy and that high inflationary pressures are likely to be a great challenge until the end of the year.
Bank Indonesia revises up 2001 inflation forecast
INDONESIA - Indonesia's central bank said on 14 May it expected to revise up its 2001 inflation forecast due in part to the weak rupiah, but added the rate should remain below 10 percent.
Bank Indonesia - Annual Report 2000
REPORT - Bank Indonesia reports that economic recovery has improved and that economic growth in the year exceeded expectation.
Currency crisis could oust Wahid
INDONESIA - The Indonesian rupiah has plummeted to new lows. In April 2001, Indonesia was rocked by more political instability as Indonesian President, Abdurrahman Wahid, was threatened with impeachment.
Former BI governor interviewed over graft case
According to a report in the Jakata Post, former Bank Indonesia (BI) governor Adrianus Mooy was interviewed by the Indonesian Attorney General on Monday 1 May over a graft case involving state-owned investment company PT Bahana Pembinaan Usaha Indonesia …
IMF urges Indonesia to maintain tight mon policy
INDONESIA - An IMF official has suggested that Bank Indonesia should be more flexible in adopting tight monetary, which is aimed at curbing the inflation and reducing pressure on the rupiah.
Bank Indonesia governor says he can't be replaced
INDONESIA - Bank Indonesia Governor Syahril Sabirin said that President Wahid would not be successful in removing him from office because regulations prevented it.
New Basel Accord reduces power of bank regulators
CENTRAL BANK RESEARCH - Wimboh Santoso from Bank Indonesia has published a paper "Capital adequacy assessment with respect to market risk". He concludes that the adoption of VaR in the banking industry will reduce the power of regulators to control banks…
Central bank should be more accountable - panel
INDONESIA - The independent panel set up to review Bank Indonesia Law recommended amendments to increase the accountability of the central bank's board of governors, a government official said on Apr 9, 2001.
Bank Indonesia to pay govt 2 trillion rupiahs
INDONESIA - The Indonesian government said it intended to collect around Rp2 trillion in taxes from central Bank Indonesia in the near future to help plug the expected deficit in the 2001 state budget resulting from the rupiah depreciation.