Indonesia
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.
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.