indonesia - Banking & Finance

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

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

INDUSTRY UPDATES

CJ Bets face JBC Grilling Over Income, Properties in SALN

MANILA, Aug 16 (PNA) - The contents of the Statements of Assets, Liabilities and Net Worth were among the issues raised by members of the Judicial Council (JBC) in Thursday's public interview for aspirants vying for the Chief Justice post.

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Reyes, Tejano-Ang Wrap up JBC Interview for CJ Post

MANILA, Aug 16 (PNA) - Supreme Court Associate Justice Andres Reyes Jr., and Judge Virginia Tejano-Ang of the Regional Trial Court Branch 1 in Tagum City, Davao del Norte were the last two aspirants for Chief Justice who went under questioning by the Judicial and Bar Council (JBC) on Thursday.

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De Castro to revive Key Reform Projects once picked as CJ

MANILA, Aug 16 (PNA) - Despite her imminent retirement from the judiciary in less than two months, Associate Justice Teresita Leonardo-De Castro on Thursday said she will be able to introduce reforms in the Supreme Court (SC) once named Chief Justice.

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Bersamin: No Pressure Felt from Gov't in Rulings on Cases

MANILA, Aug 16 (PNA) - Associate Justice Lucas Bersamin on Thursday said he has never felt any pressure from other government branches in rendering decisions on various cases.

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Court of Appeal Judge reprimanded by His Superior over Dissenting Judgment

KUALA LUMPUR, Aug 16 (Bernama) – A Court of Appeal Judge has today disclosed that he had been reprimanded by a top judge for writing a dissenting judgment in unilateral conversion of M.Indira Gandhi case two years ago.

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Judicial Activism has Led to Renaissance in Administrative Law, says Academician

KUALA LUMPUR, Aug 15 (Bernama) – There is more judicial activism now which has led to a renaissance in administrative law, according to an academician.

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Cabinet acknowledges Progress in Thailand-Myanmar Cooperation in fighting Drug Trade

BANGKOK, Aug 15 (NNT) - The Cabinet has acknowledged progress made in Thailand’s cooperation with Myanmar in tackling drug problems in the border area.

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INDUSTRY UPDATES

NLA whip to decide on proposed Amendment of EC Act - VP Surachai

BANGKOK, Aug 15 (NNT) - The National Legislative Assembly whip will be the person responsible for the ultimate decision to proceed with a proposed amendment of the Election Commission Act, says the legislature’s Vice President Surachai Liengboonlertchai.

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CA confirms Poll Exec, Foreign Service, Military Officers' Appointment

MANILA, Aug 15 (PNA) - Commission on Elections (Comelec) Commissioner Marlon Casquejo and several foreign service and military officers hurdled the Commission on Appointments (CA) on Wednesday.

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House installs Yap, Pichay as New Deputy Speakers

MANILA, Aug 15 (PNA) - The House of Representatives on Wednesday elected two new deputy speakers following the ascension of Pampanga Rep. Gloria Macapagal-Arroyo to the speakership.

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INDUSTRY UPDATES

Five CJ bets to face JBC Interview Thursday

MANILA, Aug 15 (PNA) - The five candidates for the post of Chief Justice of the Supreme Court (SC) will walk into the line of fire with their Judicial and Bar Council (JBC) interview set on Thursday.

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INDUSTRY UPDATES

IRD to build ICT System enabling Tax Payments

Taxpayers may soon be able to pay their dues to the government via mobile banking, said U Min Htut, director general of the Internal Revenue Department (IRD).

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INDUSTRY UPDATES

Law Enforcement remains weak: Deputy Minister

Laos has enacted over 100 laws since national liberation in 1975, but law enforcement remains weak, a senior official has admitted.

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Exercise of Freedom must be in accordance to Federal Constitution - Eddin Syazlee

JOHOR BAHRU, Aug 14 (Bernama) - The exercise of individual’s right to freedom, be it freedom of religion or speech, must be done in accordance to the provisions in the Federal Constitution, says Deputy Communications and Multimedia Minister Eddin Syazlee Shith.

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International Malaysia Law Conference 2018

The 4-day International Malaysia Law Conference (“IMLC”) 2018, the flagship biennial event of the Malaysian Bar themed “Raising the Bar: Innovate. Integrate. Emulate.” is underway.

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INDUSTRY UPDATES

IMLC 2018: Change of Government an impetus for strengthening the Rule of Law, says Sultan Nazrin Shah

KUALA LUMPUR, Aug 14 (Bernama) - The recent change of government in Malaysia has given a fresh impetus to strengthen the rule of law in the country, the Sultan of Perak, Sultan Nazrin Shah said today.

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1Mine urges Government to postpone SST

KUALA LUMPUR, Aug 14 (Bernama) - The government has been urged to postpone implementation of the Sales and Services Tax (SST) come Sept 1 until a directive on the newly passed tax law is clearly outlined.

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Seizure of Equanimity made according to Legal Procedures - Liew Vui Keong

KUALA LUMPUR, Aug 14 (Bernama) - Minister in the Prime Minister’s Department Datuk Liew Vui Keong told the Dewan Rakat today that the seizure of the superyatch Equanimity was made according to Malaysian procedures and laws.

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