Friday, 23 February 2018
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indonesia - Banking & Finance

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

Minister urges People to avoid Trading in Crytocurrencies

Jakarta, Jan 23 (ANTARA News) - Finance Minister Sri Mulyani Indrawati has urged the people to avoid trading in cryptocurrencies, as such digital assets are not regulated by law.
Date: 23 January 2018; Type: Legal News; Source: Antara

Bank Indonesia bans Virtual Currency as Means of Payment

Jakarta, Jan 13 (ANTARA News) - Bank Indonesia (BI) has banned the use of virtual currency, including bitcoin, as a means of payment in the country. Based on Law No.7 of 2011 on Currency, any transaction intended to make payments or settle other obligations using currency or other financial transactions made in the Indonesian territory must us ...
Date: 13 January 2018; Type: Legal News; Source: Antara

Finance Service Authority issues Green Bonds, e-Registration

Jakarta, Dec 30 (ANTARA News) - The Financial Services Authority (FSA) has issued several regulations to support and encourage government programs, especially in infrastructure development at the regional level through local bonds, green bonds, and business process acceleration through e-registration.
Date: 30 December 2017; Type: Legal News; Source: Antara

Court Verdict confirms Names having Share of e-KTP Embezzled Money

Jakarta, Dec 21 (ANTARA News) - The court verdict on corruption suspect Andi Narogong has confirmed allegation against a number of others having a share of a huge embezzled fund of electronic identity card (e-KTP) project including former House Speaker Setya Novanto.
Date: 21 December 2017; Type: Legal News; Source: Antara

Syarif R Martakusumah v PT Bank Central Asia Tbk

Date: 28 February 2017; Court: Supreme Court of Indonesia; Citation: SC No. 528 K/Pdt/2016 ; Source: Supreme Court of Indonesia

BI issues Export-Import Regulation using Baht, Ringgit

Jakarta, Nov 28 (ANTARA News) - The central bank of the Republic of Indonesia, Bank Indonesia (BI), has issued technical regulations to settle trade transactions between Indonesia and Malaysia using Ringgit, as well as between Indonesia and Thailand using Baht, in order to reduce dependence on certain currencies and maintain exchange rate stability ...
Date: 28 November 2017; Type: Legal News; Source: Antara

OJK issues Permits to 10 Islamic Microfinance Institutions (LKM)

Cirebon, Oct 20 - The Financial Services Authority (OJK) has granted operating licenses to 10 (ten) Islamic microfinance institutions (Islamic LKM), which are expected to empower communities and raise public welfare, particularly in relation to those living in Islamic boarding schools and surrounding areas.
Date: 20 October 2017; Type: Legal News; Source: Financial Services Authority Indonesia

Investment Alert Task Force suspends 14 Business Activities to protect Public

Jakarta, Oct 23 - The Task Force for Handling Alleged Unlawful Acts involving Public Funds Collection and Investment Management (the Investment Alert Task Force) this October suspended unauthorized public funds collection and investment management carried out by 14 entities.
Date: 23 October 2017; Type: Legal News; Source: Financial Services Authority Indonesia

Government prepares New Micro Business Loan for Production Sector

Jakarta, Oct 28 (ANTARA News) - The government is preparing a new micro business loan (KUR) scheme to accelerate the distribution of loans to the production sector, Coordinating Minister for Economic Affairs Darmin Nasution stated.
Date: 28 October 2017; Type: Legal News; Source: Antara

House passes State Budget Bill into Law

Jakarta, Oct 25 (ANTARA News) - The House of Representatives (DPR) passed the 2018 state budget bill into law at its plenary meeting here on Wednesday.
Date: 25 October 2017; Type: Legal News; Source: Antara

Frangky Hoetomo, S Kom v PT Bank Danamon Indonesia, TBK

Date: 25 April 2017; Court: Supreme Court of Indonesia; Citation: SC No. 356 K/PDT/2017 of 2017; Source: Supreme Court of Indonesia

DPR passes 2017 Revised Budget Bill into Law

Jakarta (ANTARA News) - The House of Representatives (DPR) has passed the 2017 revised budget bill into law in a plenary session here on Thursday.
Date: 28 July 2017; Type: Legal News; Source: Antara

Redenomination Bill not priority: Finance minister

Jakarta (ANTARA News) - Finance Minister Sri Mulyani said that she would not as yet prioritize submitting bill on rupiah redenomination for discussion at the House of Representatives (DPR).
Date: 28 July 2017; Type: Legal News; Source: Antara

Dewi Wuryaningsih v PT Bank Central Asia TBK Kantor Cabang Tulungagung, DKK

Date: 13 December 2016; Court: Supreme Court of Indonesia; Citation: SC No. 2986 K/Pdt/2016 of 2016; Source: Supreme Court of Indonesia

Commission XI, Government agree on Budget Macro Assumptions

Jakarta (ANTARA News) - The House Commission XI and the government here on Monday agreed on macro assumptions set in the draft of revised state budget of 2017.
Date: 11 July 2017; Type: Legal News; Source: Antara

M Syamsurizal, ST and Another v ADE Gita Pramadianta, SP

Date: 28 September 2016; Court: Supreme Court of Indonesia; Citation: SC No. 343 K/Pdt/2016 of 2016; Source: Supreme Court of Indonesia

Bank Indonesia to issue Commercial Paper Regulation July-end

Jakarta (ANTARA News) - Bank Indonesia (BI), Indonesias central bank, will issue a regulation related to the issuance of commercial paper (CP) within two weeks or by the end of July 2017.
Date: 05 July 2017; Type: Legal News; Source: Antara

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Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Social Ministry to return Ten Thousand Migrant Workers from Malaysia

Jakarta, Feb 14 (ANTARA News) - The Social Ministry is planning to return 10 thousand Indonesian migrant workers from Malaysia this year, Sonny Manalu the social rehabilitation of human trafficking director, stated here on Wednesday.

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Indonesia re-appointed to lead IFAD Session

Jakarta, Feb 14 (ANTARA News) - Indonesia once again led the 41st session of the International Fund for Agricultural Development of the United Nations (IFAD), according to the Indonesian Embassy in Rome.

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SEZs in Sumatra to compete with Singapore, Malaysia

Jakarta, Feb 12 (ANTARA News) - The Special Economic Zones (SEZs) in Sumatra, particularly along the Malacca Strait, will face competition from those established in Singapore and Malaysia.

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ASEAN: Terrorism most serious Security Threat to Region

SINGAPORE, Feb 6 (Bernama) - The ASEAN Defence Ministers today unanimously identified terrorism as the most serious security threat to the region.

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ASEAN unanimously agreed on KSCIP Initiative

SINGAPORE, Feb 6 (Bernama) - All 10 ASEAN countries have agreed with the King Salman Center for International Peace (KSCIP) initiative, said Malaysian Defence Minister Datuk Seri Hishammuddin Tun Hussein.

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Connectivity determinant to promote ASEAN-Indian Economic Cooperation

New Delhi, India, Jan 27 (ANTARA News) - Combined population of nearly 2 billion of the Association of Southeast Asian nations (ASEAN) and India could make southern Asian region a potential economic grouping.

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Chile, Thailand, ASEAN step up Cooperation on Anti-Money Laundering Campaign

BANGKOK, Jan 24 (NNT) - Thailand and Chile are organizing an international workshop on a joint anti-money laundering campaign.

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Bank Liquidity Safe facing External Risks

Jakarta, Jan 25 (ANTARA News) - The country's bank liquidity is safe and will remain safe despite external risks which might come with an increase in the fund rate of the US central bank, The Federal Reserves, the Deposit Insurance Agency (LPS) said.

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ASEAN-India Leaders vow to broaden Cooperation

Asean and Indian leaders agreed yesterday to enhance their strategic partnership and broaden cooperation in various fields to drive economic development in the two regions, the Lao Ministry of Foreign Affairs has said.

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Indonesia, Netherlands share Similar Legal DNA, Future Challenges: Ambassador

Jakarta, Jan 18 (ANTARA News) - Indonesia and the Netherlands share commonalities in the substantive law and legal structure, or called "legal DNA," and future challenges in terms of the rule of law and security, Dutch Ambassador to Indonesia Rob Swartbol stated.

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Government continues to offer Free Legal Aid to Poor

Jakarta, Jan 18 (ANTARA News) - The government has continued to provide free legal aid to the poor as part of its strategy to increase access to justice and strengthen the rule of law in the country.

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