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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


Victims commemorate second Bali Bombings Survivors and families of victims of the second Bali bombings in 2005 gathered to commemorate the tragedy here on Monday. In their message read out on the occasion they called on all community elements, including the government to prevent terrorism.

Posted in Terrorism @ 01 October 2012 17:28 CET by Blog Bot · permalink · 0 reactions


President urges massive savings effort in all sectors President Susilo Bambang Yudhoyono has instructed all departments in the government to begin a massive savings campaign in all sectors to avoid creating a deficit in the State Budget (APBN), Coordinating Minister for the Economy Hatta Radjasa said on Tuesday.

Posted in Economy @ 03 April 2012 15:11 CET by Blog Bot · permalink · 0 reactions


Lion Air is going to move at Jakarta airport Lion Air has decided that they want to move to terminal 1C with their operational activities before the end of the year. This should eventually lead to more clarity among travelers and cost-savings as well. The last airline that occupied terminal 1C was AirAsia, which has since moved to the new terminal 3 building at the airport.

Posted in Travel @ 03 April 2010 02:39 CET by Jeroen · permalink · 0 reactions


Tune Hotels: 'Don't tell lies about our services' Tune Hotels has responded to claims that its pricing strategy for its two Bali properties is threatening the viability of local, Balinese-owned Melati class hotels. Quoted in Bali Post, a member of the Badung House of Representatives alleged that a Tune Hotel in Legian was "of a five star standard" but offering prices as low as Rp. 230,000 (18 euro) a night which compete with locally owned and operated Melati class hotels.

Posted in General @ 02 January 2010 01:56 CET by Jeroen · permalink · 0 reactions


Interest from government account stolen by officials The corruption watchdog KPK has ordered six banks in Java, Sumatra and Kalimantan to close accounts of provincial government officials that were receiving interest from savings accounts that belong to their local administrations. Haryono Umar, staff of the KPK said that the banks would bear incentives for government officials that parked government funds in savings accounts.

Posted in Corruption @ 26 August 2009 04:28 CET by Jeroen · permalink · 0 reactions


What if I was a terrorist Just over one week ago it all happened. At walking distance one person was killed, some were arrested and after that the party was over as quick as it started. It wasn't a criminal shootout and n drugs were found as well. It was nothing more than busting some terrorism-suspects by an anti-terror squad from the Indonesian police (Densus 88); they were simply overwhelmed in their hide-out. The one that tried to flea, was directly given some bullets and didn't survive the event. Seven others were arrested. In fact that could be the entire story, but it was just not to happen that way. It proved to be the start of what currently looks like a terror cell uncovered. Within two weeks after the first shooting several more police actions were held. Police is scarce with giving information, but in recent days is became clear that most likely a part of the Southeast Asian terror network Jemaah Islamiyah has been found.

Posted in Terrorism @ 07 April 2007 00:00 CET by Jeroen · permalink · 5 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


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


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


Allianz launches Sharia-compliant insurance products Allianz AG said its Indonesian unit is launching Sharia-compliant insurance products, responding to 'growing requests' from its customers and banking partners. The insurer said customers can now buy life insurance, as well as fire and motor vehicle insurance, that will be Sharia-compliant. Under Sharia-law, it is forbidden to give or receive interest payments. Furthermore, Sharia-compliant banks will trade investments and share the profits with investors instead of offering interest on savings accounts.

Posted in General @ 25 January 2006 08:22 CET by Jeroen · permalink · 0 reactions


Indonesia, Russia mull satellite launch from island near Papua Indonesia and Russia are considering using an island off Indonesia's Papua province as a launching base for a Russian communications satellite, an Indonesian official said. 'Indonesia and Russia are discussing the use of Biak as a satellite launching base,' Indonesian presidential spokesman Dino Patti Djalal told Agence France-Presse by telephone from Kuala Lumpur.

Posted in General @ 15 December 2005 07:23 CET by Jeroen · permalink · 0 reactions


Govt to reduce taxation on companies Indonesia plans to cut its corporate tax rate starting next year to spur investment and growth, said Aburizal Bakrie, the coordinating minister for economic affairs. The tax rate will be cut to 25 percent from 30 percent over a period of five years, starting with a one percentage-point reduction in 2005, Bakrie said Tuesday.

Posted in Economy @ 01 December 2004 00:03 CET by Jeroen · permalink · 0 reactions


The government says it will gradually liberalize the domestic fuel market over the next five years, with the aim of completely eliminating costly fuel subsidies by 2010. "In the year 2010, fuel prices will be determined by the mechanism of healthy and appropriate competition, and the government will only give special help to replace subsidies for certain fuels," Energy and Mineral Resources Minister Purnomo Yusgiantoro was quoted as saying Monday (29/11/04) by detikcom online news portal.

Posted in General @ 01 December 2004 00:00 CET by Jeroen · permalink · 0 reactions


Arriving at Yogya by train and getting too little sleep over the last week, would come back to me, I was already preparing for that, and I was hoping to prevent it by getting to bed much more early than the days before. Unfortunately the night became all friendly and nice, which caused it to be a late night again… What a shame.

Posted in Travel @ 15 August 2003 00:00 CET by Jeroen · permalink · 0 reactions


Just as they have in the developed world, big-box hypermarkets, which are taking over the top end of the retail trade, are causing severe dislocations in the rest of Indonesia's food chain, from smaller supermarkets down to wet markets to the warungs where housewives sell cigarettes and candy out of their living room windows.

Posted in Economy @ 26 July 2003 00:00 CET by Jeroen · permalink · 0 reactions


Jakarta stands out like a gleaming beacon to the rest of the country, attracting a wave of migrants each year. And the largest influx of migrants to the capital takes place each year following Idul Fitri, when thousands of Indonesians from the rural areas stream into Jakarta full of hopes for a better life.

Posted in Culture @ 24 November 2001 00:00 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 — 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


It is really to be regretted that finding a solution for the Bank Indonesia case seems to take forever. Central banks anywhere in the world, are very respectable institutes, they are honored for their exalted position. Why? For reasons that our economy is no longer a primitive one, when everything was bartered for agriculture products.

Posted in Economy @ 13 December 2000 00:00 CET by Jeroen · permalink · 0 reactions
    
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