Prima Wirayani and Moses Ompusunggu, Jakarta – The government concluded the first phase of its roller coaster tax amnesty ride with flying colors despite gloomy repatriation realization.
Banking & Finance
Displaying 551 - 600 of 650 Documents
October 1, 2016
August 10, 2016
Grace D. Amianti, Jakarta – Despite strenuous efforts in the first half of the year, major banks have yet to recover from ongoing slow growth amid falling profits and rising bad loans.
July 31, 2015
July 24, 2015
Satria Sambijantoro, Jakarta – President Joko "Jokowi" Widodo is considering a plan to broaden the authority of the Deposit Insurance Corporation (LPS) and provide its executives with legal indemni
February 19, 2014
Timor Leste's (East Timor's) Oil Fund ended 2013 with assets of US$14.9 billion, the Timor Leste Central Bank said in Dili Tuesday.
September 22, 2013
Novianti Setuningsih – A former owner of Bank Century, Robert Tantular, has suggested the bank was allowed to collapse so that the government could initiate a bailout.
September 20, 2013
Jakarta – Indonesia's year-on-year foreign debt growth dropped to 7.3 percent in July 2013 from 8 percent recorded in June 2013, Bank Indonesia says.
September 16, 2013
August 13, 2013
East Timor's Oil Fund totalled US$13.6 billion at the end of June, which was a rise of US$796 million against the first quarter of the year, according to figures published by the East T
August 5, 2013
The Timor-Leste (East Timor) Central Bank Friday announced a project to develop a strategic plan to expand the country's financial services with a view to reaching more of its citizens.
July 5, 2013
Satria Sambijantoro, Jakarta – Indonesia's equity market is the most vulnerable to capital outflows in Southeast Asia, a US-based investment bank says, ringing alarms for policy-makers
April 9, 2013
Nicky Hager – Owners of corporations registered in tax havens include some linked to regime of the late dictator, Suharto.
January 29, 2013
Jakarta – Bickering between Bank Indonesia and some oil and gas companies has returned to the public domain when the bank's governor revealed that some firms refuse to deposit their dol
January 25, 2013
Jakarta – The government officially started its campaign to strike off three zeros from the rupiah on Wednesday, with top officials expressing their optimism that the "redenomination" w
November 30, 2012
Jakarta – The issuance of new lending regulations by the central bank last week will result in fiercer competition to extend loans to local small and medium enterprises (SMEs), bankers
November 26, 2012
Tito Summa Siahaan & Francezka Nangoy – Profit for many Indonesian companies rose in the third quarter, with banks and consumer-related manufacturers leading the way, amid an increa
November 12, 2012
Hans David Tampubolon, Jakarta – The Finance Ministry has issued a regulation that raises the non-taxable income threshold of individual taxpayers to Rp 24.3 million (US$2,524) per year
November 9, 2012
In the last quarter the Petroleum Fund of Timor-Leste increased by nearly US$400 million to US$11.05441 billion dollars, indicates a report released on the official website of the Banco
November 5, 2012
Jakarta – The third quarter financial reports of Indonesia's biggest banks show that the banking industry in the country remains one of the world's most profitable, as banks retained th
September 20, 2012
Brazil will represent Timor Leste's (East Timor) interests at the International Monetary fund (IMF) starting on 1 November, the Timorese government said in a statement issued Tuesday in
July 31, 2012
The rupiah weakened for a sixth month, its longest losing streak since 1998, on concern Europe's debt crisis will damp growth and exports.
July 20, 2012
Esther Samboh, Jakarta – The chiefs of local commercial banks are the highest paid among their peers in four Southeast Asian nations surveyed, according to the central bank.
Esther Samboh, Jakarta – Bank Indonesia's move to limit bank ownership is not likely deter foreign investors, although the move will expose it to lobbying and political pressure to gran
July 18, 2012
Indonesia's central bank Wednesday announced new regulations limiting bank ownership to 40 percent.
March 26, 2012
Esther Samboh, Jakarta – There is mounting concern that the Financial Services Authority (OJK) will be unable to provide better and more reliable supervision as most of the 21 candidate
December 11, 2011
Shirley Wibisono – When Indonesia's longest suspension bridge suddenly collapsed last month, killing more than 20 people, allegations immediately surfaced that corruption was behind the
December 10, 2011
Esther Samboh, Jakarta – The governor of Bank Indonesia (BI) is slamming inefficiency in the country's banking industry that he says pushes up lending rates and blocks the nation from e
December 6, 2011
Dion Bisara – Indonesia is one step closer to slashing a number of zeros from the rupiah after the government on Tuesday said it would submit a currency redenomination bill to the House
October 28, 2011
Dion Bisara – After a long delay, the House of Representatives passed a bill on Thursday that will create a new superbody to supervise the country's financial sector, including banking
October 27, 2011
Jakarta – The House of Representatives on Thursday finally endorsed the Law on Financial Service Authority (OJK), which rules on the establishment of a new authority tasked with regulat
September 9, 2011
Dili – The new monetary authority of East Timor will be called the East Timor Central Bank and will be inaugurated on 13 September, according to information published on the Central Ban
May 6, 2011
Dion Bisara – In an unprecedented move, the central bank has barred Citibank Indonesia from acquiring new credit card customers for two years, priority banking customers for one year an
April 1, 2011
Ulma Nurriva – The alleged beating death of a politician, allegedly at the hands of Citibank debt collectors, has sparked a debate on whether the use of outsourced debt collectors, who
February 15, 2011
Muhamad Al Azhari – Indonesian commercial banks posted healthy 26.74 percent growth in net profit last year, central bank data showed Monday.
February 11, 2011
Wahyudi Soeriaatmadja – An aggressive drive by Indonesia's banks has succeeded in putting more plastic in their customers' hands, but it seems to be giving rise to a generation mired in
February 7, 2011
A global survey has placed five Indonesian lenders among the world's top 500 banking brands – but the country's central bank says Indonesian institutions are still the most inefficient
February 5, 2011
Dion Bisara – After months of pressure from the market and economists, Bank Indonesia on Friday raised its benchmark interest rate by a quarter percentage point to 6.75 percent, citing
December 29, 2010
Francezka Nangoy & Faisal Maliki Baskoro – The central bank plans to compel domestic lenders to increase their foreign exchange reserves deposited at Bank Indonesia starting in Marc
December 23, 2010
Dion Bisara – Loans by Indonesian commercial banks this year have grown 23 percent to Rp 1,708.15 trillion ($190 billion) from the same period a year ago, Bank Indonesia said.
November 23, 2010
Francezka Nangoy – In keeping with recent history, Finance Ministry data released on Tuesday showed that the government had spend just over half the national budget so far this year.
November 11, 2010
Jakarta – The Directorate General of Taxation announced that income revenue as of Oct 31 reached Rp 485.1 trillion (US$54.8 billion), a 13 percent increase from the same period last yea
October 11, 2010
Jakarta – The Directorate General of Taxation said on Monday it raised Rp 444.2 trillion ($49.74 billion) in tax revenues in the first nine months of this year, up 18 percent from the s
October 9, 2010
Jakarta – Regional administrations will have greater local tax potential following the implementation of a new law on regional tax and levies that would give them the authority to colle
September 22, 2010
Dion Bisara, Jakarta – An initiative by the central bank encouraging poor Indonesians to open bank accounts has attracted little interest from the tens of millions of low-income citizen
August 27, 2010
Irvan Tisnabudi, Jakarta – As the economy gains steam, banks are growing more aggressive in marketing credit cards to increasingly wealthy consumers, targeting 25 percent increases on t
August 4, 2010
Dion Bisara, Camelia Pasandaran & Reuters – Jakarta – The days when small shops give change in sweets instead of contemptible Rp 100 or Rp 200 coins will be a thing of the past – so
April 13, 2010
The rupiah hit its highest level since July 2007 on Monday as foreign investors continued to snap up Indonesia's financial assets, leading some exporters to express concerns about its s
April 8, 2010
Heru Andriyanto & Armando Siahaan – After surviving criticism from the public and lawmakers over his part in approving the Bank Century bailout, Vice President Boediono was accused
December 30, 2009
Andi Haswidi, Jakarta – Praises for achievements made by Indonesia's financial sector in 2009, which include surviving an unprecedented global liquidity crisis, seem to be overshadowed
December 13, 2008
Ika Krismantari, Jakarta – The regional stock market collapse, tumbling commodity prices and the fall in the value of the local currency have taken a toll on the country's 40 wealthiest