Indonesia

Asia set to boost currency attack defences

Japan, China and South Korea are set to join forces to bolster Asia's defences against currency speculators despite diplomatic tensions that had threatened to derail economic cooperation.

Interview with Bank Indonesia's deputy governor

In an interview published this week, Bank Indonesia senior deputy governor Miranda Gultom said the central bank is preparing to introduce new money-market instruments to address the alarming sag in the local currency and perceived shortcomings of present…

Indonesia's cb issues new banking regulations

Bank Indonesia is to issue eight new banking regulations on Tuesday 25 January, including relaxation of the legal lending limit and a guideline on the granting of credits to disaster-affected customers, central bank's governor Burhanuddin Abdullah said.

President calls for BI supervisory board

Indonesia's President Susilo Bambang Yudhoyono has demanded the immediate setting up of a Bank Indonesia (BI) supervisory board as required under the new central bank law, according to Finance Minister Jusuf Anwar.

BI to issue new banking regulations

Bank Indonesia will soon release two crucial regulations to accelerate banking activities, strengthen banking institutions and to boost real economic sectors, including small-to medium enterprises (SMEs), BI governor Burhanuddin Abdullah said.

Bank Indonesia names senior deputy governor

Miranda S Goeltom, former deputy governor of Bank Indonesia (BI) was elected senior deputy governor of the central bank after undergoing a fit and proper test by Commission IX of the House of Representatives in Jakarta last Tuesday, 8 June.

Three BI insiders proposed for senior dep governor

President Megawati has proposed three names from within Bank Indonesia as candidates for the post of senior deputy governor, reflecting the government's intention to pick someone who is already familiar with the central bank's working environment.

BI hands over money laundering authority to PTATK

Bank Indonesia has handed over the handling of suspicion transaction reports from banks to the PTATK in accordance with a new law, acording to a report by AFX Asia. The Financial Action Task Force on anti-money laundering had pressed for the new law to…

Supervisory body to boost BI's accountability

Indonesia's Minister of Finance, Boediono, has repeated the importance of establishing a supervisory board for Bank Indonesia's board of governors, a report in the Jakarta Post said. The idea has been opposed by Bank Indonesia but is meant to strengthen…

Indonesia behind on FATF AML deadline

Indonesia looks set to miss an FATF deadline to strengthen its anti-moneylaundering measures and could face penalties on its international financial transactions as a result, a senior central bank official told Dow Jones.

Bank Indonesia and government resolve disagreement

Bank Indonesia has resolved a long-standing dispute with its government, according to Dow Jones. The problem concerned the aftermath of the Asian financial crisis over how to account for the emergency funding. The resolution should see the government's…

Anti-money laundering FATF urge Indonesia to act

The Financial Action Task Force on Money Laundering could impose high-risk premiums on all financial transactions by Indonesian financial institutions if the government fails to amend the current anti-money laundering law by September, Dow Jones reports,

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