Indonesia
Indonesia to issue fresh bonds to help banks
Indonesia will issue new bank bail out bonds with higher interest rates next week in the hope of kick-starting a secondary bond market and resurrecting their $68.8 billion banking rescue effort.
Indonesia pledges to restore confidence in cbank
The Indonesian government will hammer out a plan to restore public confidence to the country's central bank, Bank Indonesia, by making some improvements and reshuffle in the bank in a bid to boost the performance of the monetary institution, a senior…
Indonesia c.bank sees firmer rupiah early in 2001
Indonesia's central bank on Thursday said it was confident the rupiah would strengthen to 8,000-8,500 against the dollar by early next year, but added the bank would continue to prop up the currency if necessary.
IMF concerns over Indonesia's slow pace of reform
The Indonesian rupiah ended lower in Asian trade Wednesday on news that the International Monetary Fund has set a December deadline for Jakarta to show it's serious about economic reform.
Indonesian govt proposes bill on central bank
The Indonesian government proposed here Monday a draft bill on the independence of the country's central bank, Bank Indonesia, to amend the existing one.
IBRA speeds up sale of Salim corporate assets
The Indonesian Bank Restructuring Agency (IBRA) is speeding up the sale of corporate assets once owned by the Salim Group even as the two sides prepare to face off in a test of wills that could have severe ramifications for the country's economic…
Indonesia: 'Halt the case against Sjahril'
A lawyer representing suspended Bank Indonesia governor Sjahril Sabirin in the Bank Bali scandal said on Friday that prosecution should be halted since other defendants in the case had been declared not guilty by a district court.
Timetable set for Bank Indonesia reform
The Indonesian parliament vowed Thursday to speed up deliberations on crucial changes of management and legal governance at the country's central bank.
Wahid won't interfere with Bank Indonesia
Indonesian President Abdurrahman Wahid will not interfere in negotiations over changes to the law governing the central bank, his spokesman said on Wednesday.
Indonesia regulators seek banking consolidation
Indonesia might close or merge more than 100 banks within three years in its battle to create a strong financial system, the Indonesian Bank Restructuring Agency said.
Indonesia central bank reform highly politicised
Messy and highly politicised attempts to revamp Indonesia's central bank are the latest blow to stumbling efforts to resurrect a battered economy. Economists and banking sources said the attempts to resolve a huge loan controversy centred on the bank…
Changes to Bank Indonesia law planned
The chairman of the Indonesian government commission, which is looking at the performance of the central bank, has proposed amendments to last year's law which granted the central bank independence. There are concerns that this will mean a serious step…
Wahid proposes Nasution as new BI governor
There were rumours that President Wahid of Indonesia has proposed the acting governor of the troubled central bank, Bank Indonesia, Anwar Nasution, to take the job on a permanent basis.
Bank Indonesia's Nasution speaks out on integrity
Professor Anwar Nasution, Bank Indonesia's senior deputy governor, said today that the central bank's daily operations would go on as usual. He told the public not to worry since the bank's governing board will remain on the job until their replacements…
Five senior Bank Indonesia officials resign
Bank Indonesia issued a press release on Friday saying that acting governor, Anwar Nasution, and some deputy governors would resign because of an ongoing erosion of public confidence in the institution.
Wahid wants new Bank Indonesia board of governors
Indonesia's president Abdurrahman Wahid said Friday he has asked parliament to appoint a new board of governors for Bank Indonesia before the government injects fresh capital to the nation's central bank.
Govt fails to reach crucial deal with central bank
The Indonesia government failed on Thursday to reach a final agreement on a plan to recapitalise the central bank.
Bank Indonesia says using key tools to help rupiah
Anwar Nasution, acting governor of Bank Indonesia, said that the central bank was using several key tools to help boost the rupiah.
Reform of the IMF: lessons from Indonesia: Hanke
The IMF's weaknesses became clear to Professor Steve Hanke when he was advising President Suharto about the adoption of a currency board in Indonesia.
Sabirin Sjahril to go on trial quickly
The Jakarta provincial prosecutor's office will soon submit the dossier onsuspended Bank Indonesia governor Sjahril Sabirin to the Central Jakartadistrict court, a prosecutor said last Wednesday.