indonesia - Banking & Finance

Finance Ministry to launch Portal for Auction

JAKARTA, Nov 14 (ANTARA News) - The Ministry of Finance will launch a website named lelang.go.id to facilitate people to participate in the auction process as well as make this activity more informative and accessible.
Date: 14 November 2018; Type: Industry Updates; Source: Antara

Parliament passes into Law RAPBN 2019 in Plenary Session

Jakarta, Oct 31 (ANTARA News) - The House of Representatives (DPR) has passed into law the draft state budget (RAPBN) 2019 in a plenary session here on Wednesday. Finance Minister Sri Mulyani Indrawati said the draft budget reflected optimism at the same time prudence amid the environment full of challenges. "Prudence and watchfulness doe ...
Date: 31 October 2018; Type: Legal News; Source: Antara

Government to set aside Special Allocation funds for National Museums

Jakarta, Oct 20 (PNA) (ANTARA News) - The government will set aside Special Allocation Funds (DAK) for several national museums in the country.
Date: 20 October 2018; Type: Legal News; Source: Antara

Indonesian, Australian Central Banks agree to extend Swap Agreement

Jakarta, Aug 9 (ANTARA News) - The central banks of Indonesia and Australia have agreed to extend their bilateral local currency swap agreement worth Rp100 trillion (AUS$10 billion) from December 2018 to December 2021.
Date: 09 August 2018; Type: Industry Updates; Source: Antara

BI and Philippine Central Bank sign MoU on Money Laundering

Jakarta, Aug 5 (ANTARA News) - Bank Indonesia (BI) and Bangko Sentral Ng Pilipinas (BSP) have signed a Memorandum of Understanding (MoU) on cooperation to prevent money laundering and block fund for terrorism.
Date: 05 August 2018; Type: Industry Updates; Source: Antara

Indonesia to use Two References for Financial Market

Jakarta, July 24 (ANTARA News) - Indonesia will soon use two financial market's references of INDONIA for the overnight index and Jakarta Interbank Offered Rate (JIBOR) for a week to 12-month index.
Date: 24 July 2018; Type: Industry Updates; Source: Antara

House Commission approves Additional Budget for Industry 4.0

Jakarta, July 13 (ANTARA News) - The Commission VI of the House of Representatives has approved proposal for additional budget of RP2.57 trillion for the Industry Ministry to carry on with the national agenda of the fourth industrial revolution.
Date: 13 July 2018; Type: Legal News; Source: Antara

Digital Innovation could push Development of Sharia Finance

Makassar, S. Sulawesi, July 4 (ANTARA News) - A Finance Ministry official said innovation of services in digital economy could lead to development of sharia economy in this southeast Asia's largest economy.
Date: 04 July 2018; Type: Industry Updates; Source: Antara

Revision of State Budget to be presented by the end of June: Finance Minister

Jakarta, June 26 (ANTARA News) - Finance Minister Sri Mulyani Indrawati said her ministry will propose the draft revision of the state budget to the House of Representatives by the end of June after it reports the realization of state budget in the first half of 2018.
Date: 26 June 2018; Type: Industry Updates; Source: Antara

Minister outlines Four Economic risks in 2019

Jakarta, June 5 (ANTARA News) - The Finance Minister, Sri Mulyani Indrawati, has pointed out four risks that could affect economic performance in 2019.
Date: 05 June 2018; Type: Industry Updates; Source: Antara

Bank Indonesia to prioritize Monetary Policy

Jakarta, May 31 (ANTARA News) - Bank Indonesia will prioritise monetary policy oriented towards exchange rate stability as the Indonesian rupiah weakened by 37 points to RP14,025 from RP13,988 to the US dollar on Wednesday`s opening.
Date: 31 May 2018; Type: Legal News; Source: Antara

Minister believes BI will make Best Decision on Exchange Rate

Jakarta, Apr 27 (ANTARA News) - The Coordinating Minister for Economic Affairs, Darmin Nasution, believes Bank Indonesia (BI) will make the best decision on adjusting its benchmark interest rate to stem the rupiah's weakening.
Date: 27 April 2018; Type: Industry Updates; Source: Antara

Financial System remains stable: BI

Jakarta, Apr 23 (ANTARA News) - The financial system remains stable and the bank intermediation function continues to improve, Bank Indonesia (BI) Executive Director for Communications Agusman stated.
Date: 23 April 2018; Type: Industry Updates; Source: Antara

Indonesian Government issues Bonds in Double Currencies

Jakarta, Apr 18 (ANTARA News) - The Indonesian government has issued dollar-denominated bonds and euro-denominated bonds worth US$1 billion each.
Date: 18 April 2018; Type: Industry Updates; Source: Antara

Indonesian Central Bank gets New Governor

Jakarta, Mar 28 (ANTARA News) - The House of Representatives (DPR), through its Commission XI on banking affairs, in a fit and proper test session on Wednesday endorsed the candidacy of Perry Warjiyo as the new Bank Indonesia (BI) Governor.
Date: 28 March 2018; Type: Industry Updates; Source: Antara

President issues Regulation to eradicate Money Laundering, Terrorism

Jakarta, Mar 14 (ANTARA News) - President Joko Widodo has issued a Presidential Regulation No.13 Year 2018 on the Prevention and Eradication of Money Laundering and Terrorism, the information center of the Cabinet Secretary said here, Tuesday.
Date: 14 March 2018; Type: Legal News; Source: Antara

Government not to propose Budget Revision for Subsidy Change

Jakarta, 13 (ANTARA News) - The government will not propose a revision of the state budget in relation to a change in the ceiling of subsidy due to a fluctuation of global crude prices, a Finance Ministry official said.
Date: 13 March 2018; Type: Legal News; Source: Antara

Bank Indonesia studies Use of Blockchain

Jakarta (ANTARA News) - Bank Indonesia (BI) is studying the use of blockchain, a system in which a record of transactions made in bitcoin or another cryptocurrency is maintained across several computers.
Date: 30 January 2018; Type: Legal News; Source: Antara

Central Bank warns Banks against violating LTV Regulation

Jakarta, Jan 27 (ANTARA News) - Bank Indonesia said the Jakarta administration`s plan to build low cost houses on bank credit without down payment needs legal basis.
Date: 27 January 2018; Type: Legal News; Source: Antara

Bitcoin possesses Potential to fund Terrorism: BI

Denpasar, Bali, Jan 25 (ANTARA News) - Bank Indonesia (BI) stated that the digital currency Bitcoin possesses the potential to be used as terrorism funds and in money laundering crimes as its transactions are being done under a pseudonym.
Date: 25 January 2018; Type: Legal News; Source: Antara

INDUSTRY UPDATES

Justice Ministry: US Claims ‘baseless’

The Ministry of Justice on Tuesday reacted to recent “baseless” claims by the US Embassy in Phnom Penh regarding the case of former opposition leader Kem Sokha, urging the embassy to stop spreading misinformation regarding the implementation of the law in Cambodia.

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Court adjourns Tony Pua's Appeal against Interim Injunction over RUU355 Video Clip

PUTRAJAYA, Feb 20 (Bernama) - The Federal Court today adjourned the appeal hearing by Damansara Member of Parliament Tony Pua Kiam Wee against an interim injunction order over his alleged video clip relating to the tabling of Syariah Courts (Criminal Jurisdiction) (Amendment) Bill 2016 or RUU355.

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DOJ urged to Act on Murder Raps vs PNP Men in Lawyer's Death

MANILA, Feb 19 (PNA) - A former Cebu City councilor asked the Department of Justice (DOJ) Monday to charge policemen implicated in the killing of his brother, lawyer Noel Archival, five years ago.

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Laos, Japan celebrate 20 Years of Legal, Judicial Cooperation

The Lao and Japanese governments have highlighted 20 years of achievement in cooperation to strengthen the legal and judicial sectors in Laos, especially with regard to human resource development.

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Sarawak Lawyers wants Government to set up RCI over Judge Allegations

MIRI, Feb 19 (Bernama) - The Advocates Association of Sarawak (AAS) has proposed to the government to set up a Royal Commission of Inquiry (RCI) over the allegation of judicial interference in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer recently.

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MACC meets Judge Hamid Sultan over 63-Page Affidavit

PUTRAJAYA, Feb 18 (Bernama) - The Malaysian Anti-Corruption Commission (MACC) today met with Court of Appeal judge Datuk Dr Hamid Sultan Abu Baker over his recent 63-page affidavit, filed last week, on allegations of judicial interference.

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CBM headed in Right Direction, Bank Development expected: Experts

The Central Bank of Myanmar (CBM) has begun taking the initial steps to stand as an independent body, local financial experts and economists say.

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INDUSTRY UPDATES

Retired SC Justice Azcuna 'Selfless Government Worker': Palace

MANILA, Feb 15 (PNA) - Malacañang wished retired Supreme Court (SC) Associate Justice Adolfo Azcuna the best as he celebrates his 80th birthday on Saturday.

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Rule of Law followed in Ressa Arrest

MANILA, Feb 15 (PNA) - Malacañang on Friday said the rule of law was followed in the arrest of Rappler chief executive officer Maria Ressa for cyberlibel amid criticisms of suppressing press freedom.

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Rebuilding ASEAN’s Financial Safety Net

Singapore and Indonesia signed a US$10 billion (K15.23 trillion) bilateral swap agreement last October, allowing the two countries to assist each other during times of financial stress through US dollar loans. The move signalled a willingness by ASEAN countries to play a bigger and more direct role in strengthening the region’s financial stability, but there is still much more to do.

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Judiciary lodges Police Report over Allegations in Affidavit

PUTRAJAYA, Feb 15 (Bernama) - The Judiciary has lodged a police report over allegations made against unnamed judges and the institution in the affidavit made by a sitting Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer.

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Blind Woman's Persistence to become Lawyer bears Fruit

KUALA LUMPUR, Feb 15 (Bernama) - ‘Where there’s a will, there’s a way’, this proverb illustrates the determination and diligence of a visually impaired young woman who has achieved her dream of becoming a lawyer.

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Lawyer urges Government and CJ to address Justice Hamid's Revelations

KUALA LUMPUR, Feb 15 (Bernama) - Lawyer Sangeet Kaur Deo has called on the government and Chief Justice to immediately look into the claims by Court of Appeal judge Datuk Dr Hamid Sultan Abu Backer, contained in his affidavit which revealed misconduct of top judges and judicial interference.

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Decision on Minimum Wage Increases due in March

BANGKOK, Feb 13 (NNT) - The final decision on Minimum Wage increases will be made in March, with new rates to vary in accordance with economic conditions in each province.

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INDUSTRY UPDATES

No Violation of Ressa's Civil Rights: DOJ

MANILA, Feb 14 (PNA) - Justice Secretary Menardo Guevarra on Thursday assured full protection of the civil rights of online news website Rappler's publisher Maria Ressa, who was arrested on Wednesday in connection with a cyber libel complaint filed against her and the media firm by a private individual.

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DOTr inks Deal on Common Station Construction

MANILA, Feb 13 (PNA) - The Department of Transportation (DOTr) on Wednesday signed a contract with a private consortium for the construction of Area A of the Unified Grand Central Station (UGCS) or the common station which is located between SM North Edsa and Trinoma in Quezon City.

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Men too face Sexual Harassment at Workplace

SUNGAI PETANI, Feb 14 (Bernama) - Men too have been recorded as being victims of sexual harassment at the workplace, said Women, Family and Community Development Deputy Minister, Hannah Yeoh.

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LHDN launches eProcurement System, Suppliers' Portal

CYBERJAYA, Feb 13 (Bernama) - The Inland Revenue Board (LHDN) has launched the eProcurement (eP) system and the Suppliers’ portal as a continuous effort to improve service delivery to suppliers or tenderers dealing with the agency.

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