Indonesia
Sharia banking not "cosmetic" - Indonesia's Siti
"We don't want the sharia units to be mere 'cosmetic lipstick' for the banks, where they say they have such Islamic-based banking businesses but the fact is the units only have an inappropriately small market share," deputy governor of the Bank Indonesia…
Indonesia still vulnerable to shock
Indonesia's current economic conditions mirror those that sparked the 1997-1998 Asian financial crisis and the central bank is working to protect the country from the impact of a potentially similar scenario, Budi Mulya, a director at Bank Indonesia,…
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
New deputy governors for Bank Indonesia
Jakarta's local business newspaper, Bisnis Indonesia, has reported the appointment of two new deputy governors for Bank Indonesia, the country's central bank.
Bank Indonesia changes loan regulations
Bank Indonesia, the country's central bank, has announced new limits the type and amount of corporate bonds which commercial banks can classify as "loans" in their official loan-to-deposit ratio (LDR) calculations.
Indonesia holds rates
After two 25 basis point cuts in as many months, Bank Indonesia decided today to hold its benchmark interest rates at 8.25%
Bank Indonesia cuts benchmark interest rate
Bank Indonesia, the country's central bank, has cut its benchmark interest rate by a further 25 basis points to 8.25%, the governor Burhanuddin Abdullah announced on 5 July.
Indonesia cuts for twelfth time since May 2006
As widely expected, Bank Indonesia reduced its policy interest rate - used as a reference for bill sales - by a quarter point to 8.5% today, taking advantage of the lowest inflation rate in six months. It was the twelfth rate cut since May 2006.
Bank Indonesia more bullish
Bank Indonesia, the country's central bank, has upgraded its national economic growth forecast for this year from 6% to 6.2%. The latest inflation figures are also better than those forecast by the central bank.
BI and govt working together on economy
Indonesia's finance minister Sri Mulyani says the government will work with Bank Indonesia to boost the lethargic economy amid criticism that the government is not doing enough to speed up economic growth.
BI vigilant on regulatory 'grey areas'
Bank Indonesia deputy governor Muliaman D. Hadad said recently that in the revised regulations, the central bank had clarified several "gray areas" that had dissuaded the banks from extending loans to particular types of firms.
BI's Abdullah on stability for sustained growth
In the speech 'Capitalizing on stability for sustained growth' given on 12 January Burhanuddin Abdullah of the Bank Indonesia said that in confronting future challenges, we need the involvement and participation of all public elements, including the…
Rato on ten years after the Asian currency crisis
In the speech 'Ten years after the Asian currency crisis: Future challenges for the Asian economies and financial markets' given on 22 January Rodrigo de Rato of the IMF said Asian countries are more prepared to handle risks stemming from volatility in…
BNM's Zeti at the INCEIF Strategic Partnership
In welcoming remarks at the INCEIF Strategic Partnership 2006 given on 14 December Dr. Zeti Akhtar Aziz of the Bank Negara Malaysia said one of the strategic steps that INCEIF has initiated is the forging into strategic alliances with the five takaful…
Indonesia appoints two new BI deputies
President Susilo Bambang Yudhoyono has signed a decree, appointing Budi Rochadi and Muliaman D Hadad as deputy governors of Bank Indonesia, Asia Pulse reported.
Bank Indonesia gets two new deputy governors
The government of Indonesia has recommended Mulaiman Hadad and Budi Rochadi as new deputy governors of the country's central bank.
Legislator calls for external BI appointments
Bank Indonesia needs to have a deputy governor selected from among commercial bankers, a legislator was quoted as saying by Asia Pulse.
Indonesia deputy governor passes away
Budi Rochadi, the Indonesian central bank’s deputy governor in charge of the banking payment system, passes away in New York
Comment: Small steps or big bang?
A recent collection of papers published by the Bank for International Settlement (BIS) adopts a cautious line in advocating inflation targeting for poor African countries, which may lack the "preconditions" for the regime.
Central bank's focus should be on growth
According to this opinion piece from The Jakarta Post, published Monday 10 July, Bank Indonesia should start concentrating on issues of how it is going to use its monetary policy to spur further economic growth.
Review of the Asian Bond Fund 2 Initiative
The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."
Bank Indonesia - Annual Report 2005
According to Bank Indonesia's Annual Report 2005, the past year of 2005 was not only witness to a number of challenges confronting the economy, but taught us numerous lessons.
New Zealand hosts EMEAP central bank governors
Central bank governors from major countries in the region gathered in New Zealand over the weekend to discuss common issues, Reserve Bank of New Zealand governor Alan Bollard said Monday 29 May.
IMF's Rato offers condolences after earthquake
Rodrigo de Rato, Managing Director of the International Monetary Fund, made a statement offering his deepest condolences on Sunday 28 May regarding the earthquake affecting Indonesia.