blog.indahnesia.com - Discover Indonesia Online

    
You are currently in > Just a blog about Indonesia > Search blog.indahnesia.com


You can search the blog with our simple search below, or use the extended functions of the Google search engine to search for blog articles you are looking for.

Search for:
Search in: title
text
Match all:





Bank Indonesia maintains benchmark interest rate at 7.75% Bank Indonesia announced on Thursday it decided to maintain its benchmark interest rate (BI rate) at 7.75 percent with lending facility interest rate at 8 percent and deposit facility at 5.75 percent.

Posted in Economy @ 15 January 2015 20:34 CET by Blog Bot · permalink · 1 reaction


Governor: 'New oil reserve discovered in Riau' Governor of Riau Province Annas Maamun revealed on Monday that a new oil reserve, presumably the biggest in Riau, was found in Rokan Hilir District by PT Chevron Pacific Indonesia (CPI).

Posted in Economy @ 18 August 2014 15:30 CET by Blog Bot · permalink · 0 reactions


BCA to reduce interest rate for deposits above Rp25 billion PT Bank Central Asia (BCA) Tbk. has cut the interest rate for deposits above Rp25 billion from 9.25 percent to 9.0 percent from this month.

Posted in Economy @ 13 August 2014 23:20 CET by Blog Bot · permalink · 0 reactions


Budi Mulya sentenced to 10 years` imprisonment Former deputy governor of Bank Indonesia Budi Mulya was sentenced on Wednesday to 10 years imprisonment by the anti corruption court with a fine of Rp500 million or an additional jail term of 5 months.

Posted in Crime @ 17 July 2014 02:03 CET by Blog Bot · permalink · 0 reactions


Boediono refuses to attend hearing on Bank Century scandal Vice President Boediono has refused to attend a hearing with the House of Representatives (DPR) team supervising the revelation of Bank Century bailout scandal on Wednesday, the Vice Presidents spokesman Yopie Hidayat stated.

Posted in C. Sulawesi conflict @ 19 February 2014 17:05 CET by Blog Bot · permalink · 0 reactions


House summons Boediono over Bank Century scandal Former Bank Indonesia governor Boediono will be summoned by the House of Representatives (DPR) monitoring team in relation to the Bank Century bailout scandal on Wednesday, a legislator stated here on Tuesday.

Posted in General @ 18 February 2014 23:00 CET by Blog Bot · permalink · 0 reactions


Hong Kong grants Indonesia request over Century assets The High Court of Hong Kongs Special Administrative Region has complied Indonesias request to confiscate Bank Centurys assets stashed in that country with regard to a corruption case.

Posted in Corruption @ 18 February 2014 10:49 CET by Blog Bot · permalink · 0 reactions


Bank Century scandal causes Rp7.4 trillion losses to the state Bank Century scandal caused a loss of Rp7.4 trillion in state fund, the Supreme Audit Agency (BPK) said on Monday. The loss was a result of short term loan facility (FPJP) to Bank Century, and the determination of the sick lender as a failed bank, which have potential systemic impact, BPK Chairman Hadi Poernomo said here on Monday.

Posted in Corruption @ 23 December 2013 21:17 CET by Blog Bot · permalink · 0 reactions


KPK completes investigations of Rudi Rubiandini The Corruption Eradication Commission (KPK) said it has wrapped up investigations of former chief of the upstream oil and gas regulator (SKK Migas) Rudi Rubiandini , who is charged with corruption and money laundering.

Posted in Corruption @ 10 December 2013 20:07 CET by Blog Bot · permalink · 0 reactions


Investigation underway in Freeport accident A team from the Ministry of Energy and Mineral Resources is investigating a recent accident at PT Freeport that left one person dead.

Posted in PT Freeport @ 03 December 2013 16:42 CET by Blog Bot · permalink · 0 reactions


KPK to question energy and mineral resources minister The Corruption Eradication Commission (KPK) intends to question Energy and Mineral Resources Minister Jero Wacik as a witness soon in an alleged graft case involving the Upstream Oil and Gas regulatory special task force (SKK Migas).

Posted in Corruption @ 26 November 2013 14:45 CET by Blog Bot · permalink · 0 reactions


Rudi Rubiandini named suspect in money laundering case The Corruption Eradication Commission (KPK) has named former Chief of Special Task Forces for the Upstream Oil and Gas Regulatory (SKK Migas) Rudi Rubiandini as a suspect in a money laundering case.

Posted in Corruption @ 14 November 2013 17:27 CET by Blog Bot · permalink · 0 reactions


Pertamina president answers anti-graft body summons President Director of the states oil and gas company PT Pertamina Karen Agustiawan responded to the anti-graft bodys summons as a witness in the oil and gas bribery case of 2012-2013.

Posted in Corruption @ 07 November 2013 19:33 CET by Blog Bot · permalink · 0 reactions


Ethics council: 'Suspended chief judge violates code' The Ethics Council of the Indonesian Constitutional Court declared here on Friday that suspended chief justice Akil Mochtar had violated the code of ethics and conduct. "He has been found guilty of violating the code of ethics and conduct; in view of this, (the Ethics Council) has given him a dishonorable discharge sanction," the Council`s chairman, Harjono, said at a press conference.

Posted in Corruption @ 01 November 2013 19:12 CET by Blog Bot · permalink · 0 reactions


23 Freeport workers still trapped in landslide area About 23 employees of US-based gold and copper mining compant PT Freeport Indonesia are still being trapped in a landslide occurring in underground mining area in Tembagapura, Papua Province, last Tuesday (May 14), spokesman said.

Posted in Accidents @ 18 May 2013 14:03 CET by Blog Bot · permalink · 0 reactions


Burglar steals Rp208 million in Public Housing Ministry A burglar reportedly stole a cash of 208 million rupiah in the Public Housing Ministry building, located in Jalan Raden Patah I no. 1 Kebayoran Baru, South Jakarta on Monday.

Posted in Oddly enough ... @ 18 February 2013 21:06 CET by Blog Bot · permalink · 0 reactions


Government must be responsible for Batavia bankruptcy     The Indonesian Airline Ticketing Association (Astindo) for Riau province office said the government should be responsible for the bankruptcy of Batavia Air as declared by a court on Wednesday.

Posted in Travel @ 01 February 2013 22:34 CET by Blog Bot · permalink · 0 reactions


Investigations in progress with regard to bailout scandal Indonesia`s chief anti-graft investigator, Abraham Samad, said investigations are being carried out with regard to the (Rp6.7 trillion) Bank Century bailout scandal.

Posted in Crime @ 07 December 2012 18:53 CET by Blog Bot · permalink · 0 reactions


Legislator: 'New facts on Bank Century scandal' Outspoken lawmaker Bambang Soesatyo said "new facts" about Bank Century scandal unveiled by former chief of the anti graft agency (KPK) Antasari Azhar has not only confirmed involvement of the "Palace" in the controversial bail out of the ailing bank, but also added to evidence about attempts to keep the case hidden from the public.

Posted in General @ 10 August 2012 21:13 CET by Blog Bot · permalink · 0 reactions


Polri reportedly granted 18,030 gun permits The Indonesian Police (Polri) has issued civilian ownership licences for 18,030 guns, according to Indonesia Police Watch (IPW).

Posted in General @ 08 May 2012 16:50 CET by Blog Bot · permalink · 0 reactions


Bank Indonesia: 'Bank credit grows 26 percent' Bank credit grew 26 percent in April year-on-year, beating earlier estimates of 23-24 percent. Central bank deputy governor Halim Alamsyah said here on Monday that such growth indicated that the domestic economy was doing well.

Posted in Economy @ 07 May 2012 13:41 CET by Blog Bot · permalink · 0 reactions


Former minister questioned over Merpati case Former minister for state-owned enterprises Sofyan Djalil was questioned as a de charge witness on Monday in an alleged plane-hire corruption case. Spokesman of the Attorney General`s Office Adi Toegarisman said Sofyan was questioned by AGO investigators as a mitigating witness for Hotasi Nababan.

Posted in Corruption @ 14 March 2012 14:48 CET by Blog Bot · permalink · 0 reactions


Expat hotel owner jailed in Singaraja NusaBali reports that the expatriate owner of the Hotel Melka in Singaraja, Karl Gunther Meyer (52), is being held in the Singaraja prison in under suspicion of fraud or embezzlement involving billions of rupiahs allegedly taken from a business associate.

Posted in Crime @ 28 February 2012 08:45 CET by Jeroen · permalink · 0 reactions


SEA Games in Indonesia threatened by lack of funds The Southeast Asian (SEA) Games are being threatened just two months before their inauguration as Indonesia's budget cuts and lack of funds are impeding the games' preparations, local media reported on Friday.

Posted in Sports @ 09 September 2011 03:12 CET by Blog Bot · permalink · 0 reactions


E. coli bacteria found in 70 percent of Yogyakarta wells Indonesian health officials have expressed concern as reports show that around 70 percent of wells in Java's touristic city of Jogjakarta are contaminated by the E. coli bacteria, officials said Thursday.

Posted in Health @ 23 June 2011 16:35 CET by Blog Bot · permalink · 0 reactions


Gerindra: Partai Demokrat may have Rp 47 t in deposit Great Indonesia Movement Party (Gerindra) advisory council member Permadi has alleged that the Democratic Party has kept Rp 47 trillion (4 billion euro) in bank deposits accumulated from donations given by party cadres and partners.

Posted in Politics @ 29 May 2011 02:28 CET by Jeroen · permalink · 0 reactions


Indonesia to prioritize geothermal energy development The government of Indonesia on Thursday said it is prioritizing the use and development of geothermal energy due to its 'huge potential,' according to Indonesia's Agency for the Assessment and Application of Technology (BPPT).

Posted in Power supply @ 06 May 2011 00:09 CET by Blog Bot · permalink · 0 reactions


Former tax officer gets 10 year prison for money laundering Former Jakarta tax office director Bahasyim Assifie on Wednesday was sentenced to 10 years in prison for money laundering, the latest corruption case involving officials in Indonesia.

Posted in Corruption @ 02 February 2011 18:40 CET by Blog Bot · permalink · 0 reactions


India's SAIL to set up $3.3 billion steel plant in Indonesia India's state-run Steel Authority of India Limited (SAIL) will be reportedly setting up a Rs 15,000 crore ($3.3 billion) plant in Indonesia's Central Kalimantan as part of the recent business deals signed by both countries, local media reported.

Posted in General @ 27 January 2011 03:20 CET by Blog Bot · permalink · 0 reactions


India and Indonesia ink business deals worth $15.1 billion With Indonesia's President Susilo Bambang Yudhoyono visiting India, the two countries on Tuesday signed 18 cooperation agreements worth $15.1 billion in several areas, such as mining, infrastructure, and manufacturing, local media reported.

Posted in Economy @ 26 January 2011 01:00 CET by Blog Bot · permalink · 0 reactions


Indonesian governor indicted on corruption charges A governor of Bengkulu province on Sumatra in Indonesia was indicted on Monday on corruption charges involving over $2 million, the Jakarta Globe reported.

Posted in Corruption @ 10 January 2011 19:51 CET by Blog Bot · permalink · 0 reactions


Tourism suffers under ash from Mount Bromo volcano The volcanic activity of the Mount Bromo volcano in East Java province has caused heavy damage to the tourism industry in the area. The volcanic ash, emitted by the volcano, covers a large area where normally people make a living from tourists. The areas most heavily hit are Cemorolawang, Ngadisari and Probolinggo.

Posted in Volcanoes @ 27 December 2010 06:08 CET by Jeroen · permalink · 0 reactions


Borobudur temple to be reopened later this month Earlier this year the Borobudur temple complex near the town of Magelang in Central Java was closed due to an eruption of the Mount Merapi volcano. Soon, this complex should be reopened to the public, at least partly. Reopening is scheduled for later this month.

Posted in Volcanoes @ 07 December 2010 03:47 CET by Jeroen · permalink · 0 reactions


Mount Merapi alert status lowered to level 3 The Center for Volcanologic and Geological Disasters PVMBG, has lowered the alert-status of the Mount Merapi volcano in Central Java to level three, where this was level four. Lowering the status was only done after careful inventarisation of the current state of the volcano. It proved that the activity of the volcano was still decreasing further.

Posted in Volcanoes @ 03 December 2010 06:08 CET by Jeroen · permalink · 0 reactions


Gayus canít remember where he got Rp 74 billion The National Police says it is having trouble investigating Gayus H. Tambunanís graft case because Gayus claims he cannot remember where he got cash and gold amounting to Rp 74 billion (US$8.2 million). Gayus said he "forgot' where he got the cash and gold that was stored in his safety deposit box.

Posted in Corruption @ 02 December 2010 04:05 CET by Jeroen · permalink · 0 reactions


Thick volcanic deposits hamper search for victims The large amount of volcanic material that has been deposited by the Mount Merapi volcano in recent weeks, mainly in the Gendol river area in the district of Cangkringan, makes the search for victims even more difficult. Because the volcanic material is already settling down for some now, digging by hand is not enough to retrieve any of the missing bodies.

Posted in Volcanoes @ 15 November 2010 03:40 CET by Jeroen · permalink · 0 reactions


Activity Mount Merapi volcano decreasing The head of the Geological Agency, R. Sukhyar, has said that the amount of energy stored in the Mount Merapi volcano since the eruptions that took place from 3 to 8 November, is about equal to the amount of energy it stored after the first large eruption on October 26. This is one of the reasons that the danger zones of the volcano have been reset earlier today.

Posted in Volcanoes @ 14 November 2010 10:41 CET by Jeroen · permalink · 0 reactions


Indictment: 'Ex-tax officer amassed Rp 885 billion' Former senior tax officer Bahasyim Assifie went on trial on Thursday in connection with a multimillion dollar money laundering case between 2004 and 2010. In their indictment read out at the South Jakarta District Court, state prosecutors said Bahasyim, former chief of the Jakarta tax office for Koja and Palmerah areas, had amassed a whopping Rp 885.15 billion (73 million euro).

Posted in Corruption @ 01 October 2010 01:58 CET by Jeroen · permalink · 0 reactions


Gayus admits to receiving $3 million from Bakrie companies Former junior tax officer Gayus Halomoan Tambunan, a key player in an alleged legal mafia and tax mafia, confirmed on Tuesday that he had received Rp 28 billion (2.3 million euro) from three companies controlled by the family of Golkar Party chairman Aburizal Bakrie.

Posted in Corruption @ 30 September 2010 10:39 CET by Jeroen · permalink · 0 reactions


Two foreigners facing prison for Bali property fraud Christopher James Forbes and Angus Knowles Jackson, accused on involvement in a US$195,000 fraudulent property deal are facing the possibility of 2.5 years in prison if prosecutors sentencing demands are met by the Denpasar Court.

Posted in Crime @ 04 June 2010 02:41 CET by Jeroen · permalink · 0 reactions


Corruption with visa-on-arrival at Bali airport DenPost reports that 44 immigration officials are now being examined by the Anti-Corruption Board (KPK) in connection with the suspected embezzlement of Rp. 3 billion (US$294,000) by immigration officials at Bali's Ngurah Rai International Airport. The alleged corruption reportedly occurred between the months of October 2008 and May 2009 in the under-reporting of funds received from visa on arrival sales.

Posted in Corruption @ 12 July 2009 04:29 CET by Jeroen · permalink · 0 reactions


White Rose Hotel in Bali seized by prosecutors Radar Bali reports that the White Rose Hotel. located on Jalan Raya Legian in Kuta, has been seized by officers from the Bali police headquarters in connection with an ongoing investigation of a complaint made by Hari Budihartono on February 21, 2009.

Posted in General @ 24 March 2009 08:28 CET by Jeroen · permalink · 0 reactions


Indonesia resource nationalism stirs before polls As Indonesia heads for elections, some politicians are taking a more nationalist line on the country's vast natural resources, a move that could scare off much-needed foreign capital amid the global credit crunch. While some industry experts see the rumblings over foreign investment as campaign trail posturing, the rhetoric highlights the risks for investors in Southeast Asia's biggest economy, particularly in its energy and mining sectors.

Posted in Elections @ 22 March 2009 06:44 CET by Jeroen · permalink · 0 reactions


Indonesia stocks fall as government raises bank guarantee The Indonesian stock-exchange fell by 5 percent at the reopening of trade on Monday after a three-day halt, despite the government increasing the bank guarantee to help restore investor confidence in the economy amid the global financial market crisis. Finance minister Sri Mulyani Indrawai announced that the government would extend the bank guarantee deposit from 100 million rupiah (7.500 euro) up to 2 billion rupiah (150.000 euro).

Posted in Economy @ 14 October 2008 08:01 CET by Jeroen · permalink · 0 reactions


Russian oil firms could develop deposits in Indonesia Russian oil companies could be involved in broad cooperation in Indonesia, the southeast Asian countryís ambassador to Moscow said on Friday.

Posted in Economy @ 22 September 2008 03:49 CET by Jeroen · permalink · 0 reactions


Indonesia to quit OPEC soon Indonesia will quit the Organization of Petroleum Exporting Countries (OPEC) due to years of declining production and investment in the field, a senior official has said. Energy and Mineral Resources Minister Purnomo Yusgiantoro said at a press conference Wednesday that Indonesia, the only Southeast Asian member of the oil cartel, will not renew its membership at the end of this year which means that Indonesia will lose its vote at OPEC to influence global oil prices.

Posted in General @ 29 May 2008 10:34 CET by Jeroen · permalink · 0 reactions


The southern edge of Yogya: The eroded beach of Samas Some days you will most likely not have a full agenda so you can finally do something that has been waiting for some time. Earlier this month I had such a day, I have more than one a month fortunately, but I can not always do what I want because the weather often has to be nice as well. This time it was jack pot; a nice blue sky in the early morning and some small clouds at the time I was about to depart for a days out. My plan was to take a motorbike trip to the beach of Samas.

Posted in Travel @ 13 April 2008 00:00 CET by Jeroen · permalink · 0 reactions


Indonesian beaches ravaged by 2004 tsunami still eroding The catastrophic damage of the 2004 Indian Ocean earthquake was mostly done within a few hours, but that was just the beginning of a different process that may take up to a decade or more to complete - the stabilization of new beaches and landforms in areas ravaged by this disaster. In continued studies, researchers at Oregon State University and the U.S. Geological Survey are finding that the beaches may continue to shift and change for several more years, as the lands adjust both to the tsunami impacts and the sudden drop of some nearby land by three to six feet.

Posted in Earthquake @ 21 January 2008 00:00 CET by Jeroen · permalink · 0 reactions


Biking on Saturday afternoon It was a Saturday afternoon as any other, but sometimes I just feel the need to get out for a while. This is not always possible, but when there is a possibility and there are no other appointments in the agenda, then it just might happen that after lunch I decide to grab my stuff for a trip on the motorbike. It's not too far away, within the borders of the province of Yogyakarta, but at least I can get away from the daily life for a while. Helmet, keys and a wallet is enough. To store some of the memories I have I also bring a camera with me and within a matter of minutes I leave the area. Where do I go then? Ooh, I felt like having a drink in Wonosari, so that became my first destination, knowing that most likely it would be something in that direction, but that doesn't really matter.

Posted in Travel @ 09 May 2007 00:00 CET by Jeroen · permalink · 0 reactions


Almost 10 million bank accounts closed in three months Around 9.7 million bank accounts have been closed or emptied in the last three months according to the National Development Agenc (Bappenas). This raises alarm bells in the country's banking sector and the entire economy. The data, which was compiled by the Deposit Insurance Agency (LPS), referred mosty to accounts with deposits of less than Rp 100 million (8,333 euro).

Posted in Economy @ 24 March 2007 14:21 CET by Jeroen · permalink · 0 reactions


Indonesia accused of risking flu fight Public health experts have warned that an exclusive H5N1 vaccine deal Indonesia has struck with a pharmaceutical company may jeopardise the world's access to a pandemic vaccine, if the country becomes the epicentre of a global outbreak. Indonesia signed a memorandum of understanding with US drug manufacturer Baxter Healthcare to develop a human bird flu vaccine.

Posted in Bird Flu @ 08 February 2007 01:14 CET by Jeroen · permalink · 0 reactions


Report: Indonesia to file civil charges against Suharto The Indonesian attorney-general's office plans to file a civil lawsuit against former president Suharto by the end of this month, the Jakarta Post reported on Saturday. The Jakarta Post quoted Attorney-General Abdul Rahman Saleh as saying his office was still calculating how much money it aimed to seize from Suharto. "I don't know the exact amount. One thing for sure, it's a lot of money," he said.

Posted in General @ 06 January 2007 12:08 CET by Jeroen · permalink · 1 reaction


Indonesia preps controversial mining law Indonesiaís Director General of Mining said the government is hoping Parliament will approve a new mining law in March forcing companies to process ore within Indonesia instead of exporting it to foreign smelters. Director General Simon Sembiring said the new law aims to ensure that "mining ore must be processed into metal in Indonesia" but that it will allow existing mine operations a period of transition.

Posted in PT Freeport @ 05 January 2007 05:19 CET by Jeroen · permalink · 0 reactions


Indonesian court convicts 7 Papuans for killing Americans An Indonesian court on Tuesday convicted seven men of leading an armed ambush that killed two American school teachers in remote Papua province four years ago, and sentenced the alleged ringleader to life imprisonment. Chief Judge Andriani Nurdin of the Central Jakarta District Court said defendant Antonius Wamang had 'committed a gross violation of human rights for attacking civilians' and deserved harsher punishment than the 20-year sentence asked by prosecutors, the state-run Antara news agency reported.

Posted in PT Freeport @ 08 November 2006 02:14 CET by Jeroen · permalink · 0 reactions


Indonesia disaster shows risks of mud volcanoes In a village in Indonesia's East Java province, a man is struggling to watch television with a volcano erupting in his living room. Risks from volcanoes that ooze mud rather than spew lava have long been underestimated worldwide, even with a cataclysmic mudflow in another part of Java that has swamped an area the size of Monaco and forced 10,000 people from their homes.

Posted in Sidoarjo mudflow @ 21 October 2006 04:47 CET by Jeroen · permalink · 1 reaction


Indonesia's bird flu variant shows no major changes The bird flu virus that's killed one person a week in Indonesia this year hasn't mutated to become more contagious to people, the country's agriculture ministry said, citing an analysis of virus samples. Tests on 49 samples taken from birds on the islands of Sumatra, Java and Bali showed the H5N1 avian influenza virus has undergone no major changes, the ministry said in a statement today. The analysis was undertaken by a World Organization for Animal Health reference laboratory in Geelong, Australia.

Posted in Bird Flu @ 06 October 2006 04:41 CET by Jeroen · permalink · 0 reactions


The gray ooze that ate the villages Nothing, it seems, can stop the mud. For more than three months, the hot, noxious goop has spewed up through a crack in the earth at a natural-gas exploration site, swamping everything in its path. The expanding, surreal gray lake with the stench of rotten eggs has enveloped more than 10 square miles of land in eastern Java, Indonesia's most densely populated island. The flow has forced 8,000 to 10,000 people from their homes, engulfed about a dozen factories, contaminated fish farms and intermittently closed a major highway.

Posted in Sidoarjo mudflow @ 10 September 2006 14:04 CET by Jeroen · permalink · 0 reactions


Doctor: Suharto's condition deteriorates Former Indonesian President Suharto's condition has deteriorated after further internal bleeding, but the long-time ruler is fully conscious, one of his doctors said on Saturday. Suharto, 84, who ruled Indonesia for 32 years, was admitted to hospital more than a week ago because of bleeding in his digestive system, which lowered his body's oxygen level, including to his brain.

Posted in General @ 13 May 2006 13:13 CET by Jeroen · permalink · 0 reactions


Shell inaugurates third fuel retail outlet Shell Companies in Indonesia officially opens its third retail outlet at Jl. Warung Buncit Raya, South Jakarta. Similar to the two Shell retail outlets located at Jl. S. Parman and Lippo Karawaci, this new outlet will enable motorists in the area to enjoy high-quality fuel products and services from Shell.

Posted in General @ 15 March 2006 07:10 CET by Jeroen · permalink · 0 reactions


Freeport mine production halted for third day Production at a mine operated by PT Freeport Indonesia, a unit of Freeport-McMoran Copper & Gold Inc, remained suspended for a third day as negotiations with protesters staging a blockade pushed on, police said. The stand-off began late Tuesday after security forces attempted to evict small-scale miners who were looking for gold in the waste deposits from the massive Freeport-McMoRan mine in a remote Papua province, claiming they were acting illegally.

Posted in PT Freeport @ 24 February 2006 07:04 CET by Jeroen · permalink · 2 reactions


Govt puts Newmont boss on trial Newmont Mining, the world's biggest goldminer, will stand trial in Indonesia on charges of polluting the sea with mine waste after a panel of judges rejected the company's efforts to have the case dismissed.

Posted in General @ 21 September 2005 07:09 CET by Jeroen · permalink · 0 reactions


Why Indonesia must consider abolishing Rupiah The crisis of confidence that has come back to haunt the rupiah for the second time in eight years is making some analysts wonder if Indonesia would be better off without a central bank. After all, what's the good of having a monetary authority when it can't protect the purchasing power of the currency it issues?

Posted in Economy @ 01 September 2005 00:00 CET by Jeroen · permalink · 0 reactions


Bank Indonesia raises interest rates with 0.75% Indonesia's central bank on Tuesday raised its benchmark target rate by three quarters of a percentage point to 9.5 percent and said it would increase banks' reserve requirements as it attempted to support the country's battered markets. Following are analysts' views on the policy moves.

Posted in Economy @ 30 August 2005 10:17 CET by Jeroen · permalink · 1 reaction


Indonesia and rebels agree formula for Aceh peace Indonesia and Aceh rebels have agreed the formula for a peace deal to end a 30-year-old conflict that has cost 12,000 lives in the province that was laid waste by last Decemberís tsunami, Indonesia said on Sunday.

Posted in Aceh conflict @ 17 July 2005 14:56 CET by Jeroen · permalink · 0 reactions


Indonesia's central bank absorbs 1.72 trillion rupiah Indonesiaís central bank absorbed 1.72 trillion rupiah ($181.5 million) from the financial system on Friday, by offering a six-day deposit at 5.75 percent, in an effort to help support the rupiah. This is the third time Bank Indonesia has used the deposit facility, which it described as a fine tuning instrument, since it was introduced on April 26.

Posted in Economy @ 08 May 2005 00:01 CET by Jeroen · permalink · 0 reactions


Moody's changes Indonesia rating outlook to positive Moody's Investors Service has changed the outlook to positive from stable on Indonesia's B2 foreign currency country ceiling for bonds, its B3 foreign currency country ceiling for bank deposits, and the Indonesian government's B2 foreign and local currency ratings.

Posted in Economy @ 18 February 2005 00:01 CET by Jeroen · permalink · 0 reactions


Tsunami victims still being recovered in Indonesia The body squad has been doing its dirty, dangerous and unavoidable work here for nearly a month. Yet, every day, incredibly, there are still more victims of the Asian tsunami to be found, bagged and buried. The squad ó Indonesian soldiers and Red Cross volunteers ó gathers in the Punge neighborhood of this provincial capital. The Indonesian army says more than 17,600 bodies have been pulled from this area. The Indonesian Red Cross says more than 92,700 bodies have been found in Aceh province, the area hit hardest Dec. 26 by the earthquake and tsunami.

Posted in Earthquake @ 23 January 2005 00:01 CET by Jeroen · permalink · 0 reactions


BI may fail to arrest rupiah's slide The Indonesian rupiah is headed for its biggest six-month decline since the first half of 2001 as central bank efforts to halt the drop fail to sway investors. Bank Indonesia bought its own currency every month this year, threatened to curb currency trading among commercial banks and raised lenders' reserve requirements in an effort to stem the rupiah's 9 percent drop since Jan. 1. The rupiah fell to a 25- month low of 9,595 per dollar on June 2.

Posted in Economy @ 09 June 2004 00:01 CET by Jeroen · permalink · 0 reactions


Indonesia cuts key rate Indonesia's central bank, Bank Indonesia, said on Thursday it had cut a key policy rate, the rupiah intervention rate, by 0.25 percentage points to 10.5 percent. The central bank has been guiding interest rates down for more than a year, although they still remain among the highest in Asia.

Posted in Economy @ 29 May 2003 00:01 CET by Jeroen · permalink · 0 reactions


Central bank cuts overnight interest rate Indonesia's central bank on Monday cut its intervention rate for rupiah deposited overnight by 25 basis points to 11.25 percent, the lowest in 27 months, citing slowing inflation.

Posted in Economy @ 08 April 2003 00:02 CET by Jeroen · permalink · 0 reactions


Budi Sadikin, a clean-cut, affable young executive, is smiling broadly. And for good reason. As head of consumer banking in Indonesia for ABN AMRO Bank, the 37-year-old has watched deposits at the Dutch bank's 15 branches triple in value in just three years ó to $800 million at the end of 2000. Until 1998, ABN AMRO, which has been doing business in Indonesia for 175 years, did not even have a consumer-banking unit. Now Sadikin oversees a 200-strong team whose job it is to coax more affluent Indonesians to deposit their money in a foreign bank.

Posted in Politics @ 04 July 2001 00:00 CET by Jeroen · permalink · 0 reactions


As Jakarta loses control of its domestic situation, the region confronts a slowdown in foreign investment, a rise in Muslim extremism, and the threat of chaos ó or even civil war ó in Southeast Asia's largest country

Posted in Politics @ 23 June 2001 00:00 CET by Jeroen · permalink · 0 reactions


Rupiah drops to fresh low at year-end Bank Indonesia announced on Friday its year-end buy/sell rate of the rupiah against the U.S. dollar at Rp 9,095/10,095 as the local unit dropped to a fresh low of Rp 9,575 in offshore markets. The domestic financial markets have been closed for the year-end holidays since early this week, but Bank Indonesia announced the buy/sell rate to help the public and business sector conduct transactions.

Posted in Economy @ 30 December 2000 00:01 CET by Jeroen · permalink · 0 reactions


Tense times for the rupiah and the economy amid Bank Indonesia's crisis at the top. Syahril Sabirin is back at work after six months away, and there's something of a celebration on. Jacket tossed over his shoulder, Indonesia's mild-mannered banking chief wades through a crowd of central bank employees welcoming him back like some dear uncle. The odd thing is, he's just spent half a year under house arrest, on charges of corruption. But Sabirin is among supporters now. He speaks of the need to rebuild staff morale and clear his name. The government still aims to bring Sabirin to court over a scandal involving $80 million in commissions paid by Bank Bali to a firm linked to Golkar, the former ruling party. Allegedly in exchange for the money, funds were released to Bank Bali with central bank approval. "It's a soap opera," sniffs a senior state official, shocked by Sabirin's return. "A farce," adds another. - It would all be funny ó if it weren't for real. In fact, Bank Indonesia has joined the hated military, the bungling police and a government adrift in the gallery of faltering national entities. "This is just one more example of the institutional vacuum," says Robert Broadfoot, managing director of the Hong Kong-based Political and Economic Risk Consultancy. Sabirin's woes are not the central bank's only problem by a longshot. Recently, all but two central bank governors resigned after the Supreme Audit Agency reported that during the financial crisis, nearly $9 billion in emergency loans to private-sector banks, many controlled by Suharto cronies, were diverted to unauthorized spending and lending (see table opposite). Little of the money is likely to ever be recovered. Can Indonesia's currency and economy survive the foibles at the central bank? So far, the rupiah isn't collapsing, though it's down 25% from its 2000 high.

Posted in Economy @ 28 December 2000 00:00 CET by Jeroen · permalink · 0 reactions


The prosperous, tree-lined streets of Bandung hearken back to an era earlier this century when the city was known as the Paris of Java. Dutch colonial administrators at that time enlisted European architects and town planners to transform Bandung into an elegant holiday destination dotted with Art Deco buildings and other designs of the day. This heritage, along with cool mountain air, makes the city of 1.8 million people the envy of other large Indonesian centers. Hotels are packed with crowds fleeing Jakarta during weekends. "A lot of government big-shots like to come here and whoop it up," says Rus Edi, a taxi driver.

Posted in General @ 06 June 2000 00:00 CET by Jeroen · permalink · 0 reactions
    
 FOLLOW US ON TWITTER
 BLOG ARCHIVE
· 2015, 28 entries
· 2014, 591 entries
· 2013, 750 entries
· 2012, 1061 entries
· 2011, 792 entries
· 2010, 644 entries
· 2009, 916 entries
· 2008, 504 entries
· 2007, 725 entries
· 2006, 1014 entries
· 2005, 723 entries
· 2004, 558 entries
· 2003, 525 entries
· 2002, 375 entries
· 2001, 162 entries
 POPULAR TAGS
· gigolo
· jakarta
· blogger
Automatically generated every hour
 BLOG CATEGORIES
· General (1205 entries)
· Economy (643 entries)
· Politics (574 entries)
· Accidents (561 entries)
· Terrorism (541 entries)
· Earthquake (539 entries)
· Volcanoes (387 entries)
· Crime (357 entries)
· Corruption (349 entries)
· Flooding (278 entries)
· Elections (276 entries)
· Travel (268 entries)
· Bird Flu (254 entries)
· Religion (242 entries)
· Tourism (239 entries)
· Oddly enough ... (219 entries)
· Violence (198 entries)
· Drugs (196 entries)
· Health (192 entries)
· Aceh conflict (191 entries)
· Environment (185 entries)
· Weather (171 entries)
· Military (168 entries)
· Protests (157 entries)
· Culture (106 entries)
· Garuda Indonesia (91 entries)
· C. Sulawesi conflict (86 entries)
· Human rights (82 entries)
· Forest fires (78 entries)
· Sidoarjo mudflow (71 entries)
· Power supply (64 entries)
· Ramadan (63 entries)
· PT Freeport (55 entries)
· Picture guess (48 entries)
· Maluku conflict (47 entries)
· Dengue Fever (37 entries)
· History (37 entries)
· Infrastructure (36 entries)
· Polio (35 entries)
· Mexican flu (35 entries)
· Website (25 entries)
· Media (22 entries)
· Nuclear power (21 entries)
· Sports (20 entries)
· Sexy (16 entries)
· SARS (15 entries)
· Nightlife (10 entries)
· Others (5 entries)
· Lippo Cikarang (5 entries)
· Close smallest categories
 ADVERTISEMENT

Created by indahnesia.com · feedback & contact · © 2000-2020
Other websites by indahnesia.com: ticketindonesia.info · kamus-online.com · indonesiepagina.nl · suvono.nl

Valid HTML 4.01 Transitional 130,052,590 pageviews Discover Indonesia Online at indahnesia.com