BI : Foreign exchange reserves to reach US$66 billion

Thursday, December 3rd, 2009

Acting governor of Bank Indonesia Darmin Nasution said he believed the country`s foreign exchange reserves could reach US$66 billion by the end of this year. "We believe they could reach US$66 billion and so we would be able to finance 6.5 months of imports as well as repay debt installments and ...

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Industry no longer locomotive of RI`s economic gowth

Saturday, November 28th, 2009

Industrial growth in Indonesia has continued to decline since 2006 and no longer serves as the locomotive of national economic growth, a national development planning official said. "Since 2006, the growth of industry has continued to decline and now happens at a rate below the overall economic growth rate. This means ...

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Credit Bank Mega Focus on UKM

Sunday, January 25th, 2009

BANDUNG, SATURDAY - The Mega Bank credit in 2009 focused on the small and medium enterprises. Mega bank lending target of Rp 23 trillion in 2009. Planned, about 50 percent of the amount that was distributed to UKM.

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