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 ...

BI working to improve bank supervision procedures

Thursday, December 3rd, 2009

Bank Indonesia is working to improve its standard operation procedures for bank supervision to make it more responsive and quicker, the bank`s acting chief, Darmin Nasution, said here on Wednesday. "We are still working to improve the SOP for bank supervision to make it more responsive," the central bank`s senior deputy ...

ADB : RI`s energy efficiency program needs $4 billion

Saturday, November 28th, 2009

Indonesia is projected to require an investment of up to US$4 billion to finance its energy efficiency program, an Asian Development Bank (ADB) official said. The investment need means an opportunity for domestic and foreign financial institutions, Director of the ADB Water and Energy Division Anthony Jude said on here Thursday. "The ...

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 ...

Jakarta expects to earn Rp1.6 trillion from tourism

Monday, November 23rd, 2009

The Jakarta administration is upbeat over its target to earn Rp1.6 trillion from tourism through its "Jakarta Tourism Expo 2009" in a number of regions, including Surabaya, a tourism official said. "The target is higher than that of last year which was Rp1.5 trillion," head of the Jakarta Tourism and Culture ...

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 ...

Mega Bank take 700000 Credit Card Holder

Monday, February 9th, 2009

Jakarta - Bank Mega targets total credit cardholder until the end of year 2009 reached 700 thousand. With so then there will be increased as much as 200,000 credit cards marketed to be successful in this year.

Standard Chartered have savings interest 9 Percent Per Year

Monday, February 9th, 2009

JAKARTA, SATURDAY - Standard Chartered to create blow early in the year 2009. Savings with the 9 percent interest per year and the deal freely through the internet. ESaver name. Standard Chartered Bank Indonesia GM Wealth Management Hendra said Lanny eSaver launched to maximize profits while saving the customer. "With the 9 ...