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

Palace suspends Government Work for Holy Week Exodus

MANILA, Apr 17 (PNA) - Malacañang suspended work on Wednesday (April 17), 12 noon onwards, to allow government employees to travel to their respective regions in time for the observance of Maundy Thursday (April 18) and Good Friday (April 19).

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INDUSTRY UPDATES

JBC asks Applicant to comment on Gadon Opposition

MANILA, Apr 16 (PNA) - The Judicial and Bar Council (JBC) has asked an applicant for a vacancy in the Court of Tax Appeals (CTA) to comment on an opposition to her appointment filed last month by senatorial candidate and lawyer, Lorenzo "Larry" Gadon.

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INDUSTRY UPDATES

PCC approves Ayala-PHINMA Energy Deal

MANILA, Apr 15 (PNA) - The Philippine Competition Commission (PCC) has approved the acquisition of the majority stake in PHINMA Energy by Ayala Corporation’s power branch, AC Energy.

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INDUSTRY UPDATES

8,254 Workers Re-employed after getting Assistance from ESO

KUALA LUMPUR, Apr 16 (Bernama) - A total of 8,254 unemployed workers have been re-employed after receiving assistance from the employment service officers (ESOs) since the Re-Employment Placement Programme for Employment Insurance System (EIS) commenced in August 2018.

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INDUSTRY UPDATES

Two Indonesians fined RM100,000 for Possessing Illicit Cigarettes

KLANG, Apr 16 (Bernama) - Two Indonesian retail shop workers were fined RM100,000 by the Magistrate Court here today after pleading guilty to possessing 854 packs of illegal cigarettes of various brands valued at RM1,668.56.

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INDUSTRY UPDATES

"Go to the Mosque, get Closer to God," Judge advises Robber

IPOH, Apr 16 (Bernama) - "Go to the mosque, get closer to God, be a good person and stop taking drugs," Sessions Court judge Azman Abu Hassan told a palm oil fruit collector.

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Fake News Bill: Law Society refutes Online Flak over Alleged Silence

Law Society president Gregory Vijayendran said that the organization will share their views over the draft Protection from Online Falsehoods and Manipulation Act privately with policymakers, and has refuted online flak about its so-called "deafening silence".

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INDUSTRY UPDATES

SC suspends Work in Courts for Holy Week

MANILA, Apr 15 (PNA) - The Supreme Court (SC) on Monday announced its modified work schedule for the Holy Week, starting with a half-day work on Wednesday.

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INDUSTRY UPDATES

Fourth 'Justice Zone' opens in Pampanga

MANILA, Apr 13 (PNA) - The fourth Justice Zone in the country has been formally opened in Angeles, Pampanga by the Justice Sector Coordinating Council (JSCC).

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INDUSTRY UPDATES

Indonesia Industrial Summit to be held on April 15-16

Jakarta, April 13 (ANTARA) - The Industry Ministry will organize the 2019 Indonesia Industrial Summit (IIS) themed "Implementation of Making Indonesia 4.0 Toward Top Ten Global Economies", in ICE BSD, Tangerang, Banten Province, on April 15 and 16.

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INDUSTRY UPDATES

200 Lawyers gather in Kuala Lumpur for TerraLex

KUALA LUMPUR, Apr 13 (Bernama) - A total of 200 lawyers from 50 countries have gathered here for the TerraLex Global Meeting to discuss a wide variety of legal and economic issues impacting Malaysia.

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INDUSTRY UPDATES

Chief Justice pens Touching Farewell to Colleagues

PUTRAJAYA, Apr 13 (Bernama) - "All I ask from you is to protect the judiciary no matter what others may say," said Tan Sri Richard Malanjum in his farewell message to the judges, officers and employees of the judiciary upon his retirement yesterday.

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INDUSTRY UPDATES

Chief Justice Richard Malanjum retires

PUTRAJAYA, Apr 12 (Bernama) - Chief Justice Tan Sri Richard Malanjum retires today after serving 27 years in the judiciary.

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INDUSTRY UPDATES

SC launches New Public-Friendly Website

BAGUIO CITY, Apr 11 (PNA) - Supreme Court Chief Justice Lucas Bersamin on Thursday launched the High Court's new and improved website, which includes a court locator directory for lower courts and an e-library of the tribunal's decisions and resolutions.

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INDUSTRY UPDATES

Appointment of Suhakam Commissioner for Children to be announced this Month

KUALA LUMPUR, Apr 11 (Bernama) - The Legal Affairs Division in the Prime Minister's Department is expected to announce the appointment of a Suhakam (Human Rights Commission of Malaysia) commissioner for the portfolio of children this month.

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INDUSTRY UPDATES

Proposed Amendment to Constitution not done in haste - Liew

KUALA LUMPUR, Apr 10 (Bernama) - Minister in the Prime Minister's Department Datuk Liew Vui Keong today brushed off claims that the proposed amendment to Article 1(2) of the Federal Constitution was done in haste, saying the MPs from Sabah and Sarawak were given ample time to deliberate the matter.

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INDUSTRY UPDATES

Re-tabling of Amendment Bill depends on Needs - Dr Mahathir

KUALA LUMPUR, Apr 10 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad said re-tabling of the bill to amend the Federal Constitution to give Sabah and Sarawak equal status with Peninsular Malaysia, which failed to get two-thirds majority support in the Dewan Rakyat yesterday, would depend on needs.

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INDUSTRY UPDATES

Hearing of Najib's Appeal to disqualify Gopal Sri Ram as Prosecutor Rescheduled to April 23

PUTRAJAYA, Apr 10 (Bernama) - The Court of Appeal has rescheduled to April 23 to hear Datuk Seri Najib Tun Razak's appeal against a High Court's dismissal of his application to disqualify former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution team in his 1Malaysia Development Bhd (1MDB) cases.

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