Indonesia
Indonesia bankers still unclear on forex rules
Indonesia's foreign bankers said a meeting with central bank officials late on Jan. 29, 2001, did little to clarify foreign rules which have baffled the market for two weeks. They said the bank promised to issue a circular within the next two days…
Indonesia plans talks with IMF, World Bank
Indonesia will hold talks with top IMF and World bank officials during the World Economic Forum (WEF) in Davos to determine if it can secure funds to help prop up its shattered economy. Chief economics minister Rizal Ramli is due to meet World Bank chief…
IMF stresses need for BI independence
The International Monetary Fund (IMF) reiterated on Jan. 25, 2001, the importance of maintaining the independence of Bank Indonesia and its monetary policy to ensure the recovery of the country's economy. "It's important for Indonesia to maintain the…
Jakarta says FX rules allow for interest rate cuts
Indonesia's chief economics minister said on Jan.24 the central bank's new forex rules would ease inflationary pressure, which would give room for the bank to cut interest rates. "Pressure from imported inflation should ease. This should allow (the…
Jakarta court to decide Feb 1 on cbank head's case
Indonesia's Central Jakarta Court said on Jan. 24 it would decide next week whether to continue the corruption trial of central bank governor Syahril Sabirin. Sabirin has labelled absurd the accusations which link him to a long-running scandal over huge…
IBRA - BII,BK Universial May need fresh capital
Indonesian Bank Restructuring Agency Chairman Edwin Gerungan said two nationalized banks may need fresh funds before year-end to ensure their capital adequacy remains within international standards. Edwin said another alternative for PT Bank…
Indonesia c.bank, dealers discuss forex rules
Indonesia's central bank met dealers from foreign and local banks on Dec 22 to discuss forex trading rules but little was decided, one banking source at the meeting said.
IMF stops loans to Indonesia over cbank law plans
The International Monetary Fund won't lend more money to Indonesia until the government finalizes planned changes to the law governing the central bank, Finance Minister Prijado Praptosuhardjo said.
IMF asks to take part in Bank Indonesia bill talks
The International Monetary Fund has asked to participate in the process of amending Indonesia's central bank law, a legislator said.
Bank Aspac misallocated BLBI funds
Two Bank Indonesia officials said on Thursday that former Bank Aspac director Hendrawan Haryono had misallocated Rp 583 billion (US$61.4 million) out of the Rp 1.5 trillion Government Liquidity Support Funds (BLBI) it had received from the central bank.
Bank Indonesia debt to government is 24.5bn rupiah
Deputy governor of Bank Indonesia Ahjar Iljas said the central bank has issued a promissory note valued at Rp24.5 trillion ($2.7 billion) in a bid to settle the controversy over Bank Indonesia Liquidity Support (BLBI).
Trial nears for Indonesian central bank governor
The trial of Indonesia's central bank governor over a year-old banking scandal looked imminent after the government said on Wednesday it would hand over documents relating to the case to a court next week.
Bk Indonesia to adopt risk-based bank supervision
Bank Indonesia will gradually shift its banking supervision system from the current compliance-based mechanism to include the internationally practiced risk-based system starting next year, according to a senior official at the central bank.
Whither Bank Indonesia?
Should Bank Indonesia be re-capitalised like its neighbour in the Philippines to prevent the Indonesian economy sliding further into desperation? An article by newspaper Asia Pulse.
Jakarta denies accusing c.bank head over fake cash
Indonesia's chief economics minister Rizal Ramli denied on Friday newspaper reports he had accused central bank governor Syahril Sabirin of being linked to counterfeiting at the embattled bank.
Indonesia Ramli welcomes back Syahril Sabirin
Indonesian coordinating minister for economic affairs Rizal Ramli welcomed Wednesday the release of the country's central bank governor Syahril Sabirin from his house arrest status, hoping that no changes would be made in term of monetary policies.
Indonesia to issue fresh bonds to help banks
Indonesia will issue new bank bail out bonds with higher interest rates next week in the hope of kick-starting a secondary bond market and resurrecting their $68.8 billion banking rescue effort.
Indonesia pledges to restore confidence in cbank
The Indonesian government will hammer out a plan to restore public confidence to the country's central bank, Bank Indonesia, by making some improvements and reshuffle in the bank in a bid to boost the performance of the monetary institution, a senior…
Indonesia c.bank sees firmer rupiah early in 2001
Indonesia's central bank on Thursday said it was confident the rupiah would strengthen to 8,000-8,500 against the dollar by early next year, but added the bank would continue to prop up the currency if necessary.
IMF concerns over Indonesia's slow pace of reform
The Indonesian rupiah ended lower in Asian trade Wednesday on news that the International Monetary Fund has set a December deadline for Jakarta to show it's serious about economic reform.
Indonesian govt proposes bill on central bank
The Indonesian government proposed here Monday a draft bill on the independence of the country's central bank, Bank Indonesia, to amend the existing one.
IBRA speeds up sale of Salim corporate assets
The Indonesian Bank Restructuring Agency (IBRA) is speeding up the sale of corporate assets once owned by the Salim Group even as the two sides prepare to face off in a test of wills that could have severe ramifications for the country's economic…
Indonesia: 'Halt the case against Sjahril'
A lawyer representing suspended Bank Indonesia governor Sjahril Sabirin in the Bank Bali scandal said on Friday that prosecution should be halted since other defendants in the case had been declared not guilty by a district court.