Indonesia
Sjahril verdict expected Wednesday
INDONESIA - The Central Jakarta District Court is expected to deliver a verdict in the case of Central Bank Governor Sjahril Sabirin on Wednesday.
Amendment of BI law to be completed soon
INDONESIA - The House of Representatives and government officials are expected to finish debate over the amendment of the central bank law within two weeks.
IMF supports Indonesian plan for independent team
INDONESIA - Finance Minister Boediono said that the International Monetary Fund (IMF) has lent its support to plans to create an independent team to determine the burden-sharing for the controversial Bank Indonesia emergency loan (BLBI).
Govt plans supervisory board for Bank Indonesia
INDONESIA - The government plans to set up a supervisory board within Bank Indonesia as one of several measures under the new central bank bill to increase its accountability.
Sjahril's verdict on 6 March
INDONESIA - The Central Jakarta District Court is scheduled to present its verdict on Bank Indonesia Governor Sjahril Sabirin on 6 March.
Government seeks new amendment on BI law
INDONESIA - The government has resumed talks with legislators on the long suspended amendment of the central bank law, expanding the scope of discussion from Bank Indonesia's accountability to the entire law if need be, a legislator said.
Jakarta expected to pass new c bank law changes
INDONESIA - Indonesia's parliament said on Tuesday it expected to pass central bank law changes in February, a move that could help end year-long debate that had once soured ties with the country's main donors.
Bank Indonesia hopes to sell subsidiary in Holland
INDONESIA - Bank Indonesia said six prospective investors have shown an interest in purchasing its wholly-owned subsidiary, Indover Bank in the Netherlands.
Bank Indonesia gets three new deputy governors
INDONESIA - The Indonesian parliament late Wednesday named three new deputy governors for Bank Indonesia, filling positions that had been left vacant for extended periods.
Delay in naming new c bank dep gov in Indonesia
INDONESIA - The House of Representatives is expected to delay the appointment of three new Bank Indonesia deputy governors because of a month-long recess starting Wednesday, the Jakarta Post reports.
Verdict is delayed in Indonesian bank scandal
INDONESIA - An Indonesian court Wednesday postponed announcing its verdict on a multimillion-dollar corruption scandal allegedly involving the head of Indonesia's central bank.
New audit won't affect criminal process, Indonesia
INDONESIA - Finance Minister Boediono guaranteed on Tuesday that a new audit on the abuse of US$13 billion of Bank Indonesia emergency loans would not put an end to criminal investigations.
Outsiders part in BI dep gov selection opposed
INDONESIA - A legislator Sunday denied reports on the involvement of outsiders in the House of Representatives (DPR)'s selection of a Bank Indonesia (central bank) deputy governor.
IMF demands investigation of Asian crisis loans
After two years and two investigations have failed to produce a single prosecution or return a single rupiah, the IMF has demanded a new investigation into alleged corruption, reports the Jakarta Post.
Indonesia - The central bank's saga
ARTICLE - This article examines recent events involving Bank Indonesia, the central bank of Indonesia. The article was published before Sjahril Sabirin, governor of the bank, was convicted of fraud on 31 October 2001.
Indonesia's Sabirin convicted in Bank Bali case
INDONESIA - Indonesia's central bank governor Sjahril Sabirin was yesterday, Wednesday, convicted of fraud for his role in the 1999 politically-charged Bank Bali scandal that led to the downfall of former president B J Habibie.
Parliament delays 'fit and proper' test for BI
INDONESIA - The Commission IX of the House of Representatives finallydelayed the fit and proper test for Bank Indonesia's Deputy Governorcandidates due to limited time and heavy schedules of the boardmembers of the Budget Sub-Committee.
House likely to delay BI deputy governors decision
INDONESIA - The House of Representatives is likely to delay the appointment of three new Bank Indonesia deputy governors, as legislators will start a month-long recess on Wednesday.
BI won't freeze bin Laden's assets
INDONESIA - Bank Indonesia has refused to freeze financial assets linked to Osama bin Laden as demanded by the U.S. government, according to Antara news agency.
Indonesia to issue US$390 million short term bonds
INDONESIA - The government will issue short term bonds valued at Rp3.9 trillion (US$390 million) next year to cover a deficit in the 2002 state budget, an official said.
House to choose BI deputy governors next month
INDONESIA - The House of Representatives will choose new deputy governors for Bank Indonesia in the second week of October, ending the vacuum which has left the three positions empty since early this year.
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.