Bank Indo | Indonesian Bank

BI Believe “Hot Money,” No Longer So Threats

Bank Indonesia believes, with a policy of postponement of scheduled auction of Bank Indonesia Certificates (SBI) from weekly to monthly basis will make the hot money is no longer a threat to the appreciation of the rupiah. The reason, foreign investors more confidence to invest their funds in Indonesia. This can be seen from the movement of foreign funds from SBI SBI one month to three and six months.

Director of the Directorate of Economic Research and Monetary Policy Warjiyo Perry said, with more and more foreign funds in SBI three months, it showed foreign confident in investments in Indonesia increased significantly. “This makes a capital reversal pressures subside,” he said.
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The World Bank approved a $3.75 billion loan to help South Africa

The World Bank approved a $3.75 billion loan Thursday to help South Africa build a coal-fired power plant over opposition from the United States and environmental groups.
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BNI Roadshow shares to Singapore and Hong Kong

PT Bank Negara Indonesia Tbk (BNI) plans to hold roadshows to Singapore and Hong Kong in April 2010 in order to raise its stock price. The stock price was encouraged in welcoming the greenshoe plans this year.

According to the Director of Treasury and the International BNI Bien Subiantoro, red plates bank will provide a variety of the latest update to its investors and its shares trade is expected to become more active.
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Net Profit BCA Rp 6.8 Trillion

PT Bank Central Asia Tbk (BBCA) recorded a net profit of Rp 6.8 trillion in 2009 increased 17.8 percent from the position in 2008. While pre-tax profit was Rp 8.9 trillion, up 15.9 per cent supported the growth of net interest income and fee-based income.

This statement was made President Director of BCA DESetijoso on the press exposure
BCA’s performance in 2009 in Jakarta, Wednesday (24/3/2010).
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Mega Bank’s net profit rises 14%

Jakarta – PT Bank Mega Tbk (MEGA) to record net profit rose 14% from Rp501, 681 billion in 2008 to Rp537, 460 billion in 2009.
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BEI revokes suspension on shares of PT Sugi

Jakarta – Indonesia Stock Exchange has revoked the suspension on shares of PT Sugi Samapersada Tbk (SUGI) in the regular market and cash market began trading securities 1st session today.
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Finance Ministry : inflation may show an upward trend this year

Indonesia’s inflation may show an upward trend this year along with surging commodity prices globally, which could discourage capital inflows into the country, An upward trend in inflation was “possible”, Finance Minister Sri Mulyani Indrawati said Friday after a meeting at the Coordinating Economic Ministry, citing increasing commodity prices as the catalyst.
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BCA interested to buy Clipan Finance

PT Bank Central Asia Tbk (BCA) rumored to have interest in shares of PT Clipan Finance Indonesia Tbk (CFIN).

“I’ve heard BCA will take stock Clipan, through subsidiary, BCA Finance,” VIVAnews sources said here on Wednesday evening, March 10, 2010.
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