Sri Mulyani optimistic inflation under control

Wednesday, January 27th, 2010

Finance Minister Sri Mulyani Indrawati expressed her optimism on Tuesday that inflation in January would remain under control but she also called for a continuous watch on the rice price hike. "The contribution of rice price to inflation is still quite big. Other than that I think it all remains stable," ...

Bailout reported to vice president on 25 November

Thursday, January 14th, 2010

Former chairwoman of the Financial System Stability Committee (KSSK) Sri Mulyani said she reported to then Vice President Jusuf Kalla on the Bank Century bailout decision on November 25, 2008, not on November 22, 2008. "I reported to the vice president (Jusuf Kalla) on November 25, 2008," Sri Mulyani said in ...

BPK finds nine violations in Bank Century finances

Thursday, December 17th, 2009

The State Audit Board (BPK) has found at least nine alleged violations in its investigative audit on Bank Century finances, BPK member Hasan Basri said. "With the findings of nine alleged violations, we have concluded that Bank Indonesia (BI/the central bank) did not give complete and comprehensive data to the finance ...

PPATK asked to disclose Bank Century case transparently

Tuesday, December 1st, 2009

Coordinating Minister for Economy Hatta Radjasa has asked the Financial Transactions Report and Analysis Center (PPATK) to disclose transparently the flow of Bank Century funds. After a coordination meeting to discuss the 100-day program at his office here on Tuesday, Hatta Radjasa said it was necessary for PPATK to disclose the ...

NNT Share Purchases Leaded by Regional Administration

Saturday, November 28th, 2009

Minister of Energy and Mineral Resources Darwin Saleh said the government has decided that the three regional administrations in West Nusa Tenggara are leaders in the purchase of 14 percent of the divestment shares of PT Newmont Nusa Tenggara. "According to the outcome of a meeting chaired by the Coordinating ...

Govt needs Rp1.6 trillion more to boost fish production

Tuesday, November 17th, 2009

The government is proposing an additional budget of Rp1.6 trillion to boost fish breeding in 2010 and increase its production by 353 percent in 2014, a cabinet minister said. "The target to boost fish production by 353 percent sounds ambitious but we will boost the production of fish ponds," Maritime Affairs ...

Indonesia Supports the Improvement of Banking Regulations

Thursday, September 10th, 2009

Indonesia is supporting efforts to improve regulations related to financial institutions. This is part of the agreement made by finance ministers and central bank governors of G-20 countries in London, last week. The meeting requires banks to increase the amount and quality of their capital reserves, including their assets.