INDONESIA seized control of PT Bank Century eight days after the lender delayed meeting a 5-billion-rupiah (US$415,000) obligation, as its capital has deteriorated. Century's capital adequacy ratio, which measures capital against risk-weighted ...
INTRA-REGIONAL trade within Asia and domestic demand will help reduce the effects of a United States slowdown, while continued efforts to diversify financial markets may also soften the impact, according to South East Asian central bankers. Growth ...
Indonesia's president proposed Agus Martowardojo, the head of the country's biggest lender, as one of the two candidates to replace central bank Governor Burhanuddin Abdullah, whose term ends in May. President Susilo Bambang Yudhoyono also named ...
Indonesia, Southeast Asia's biggest economy, expanded near the fastest pace in 10 years as declining borrowing costs encouraged companies to invest and spurred consumer spending. The US$364-billion economy grew 6.25 percent in the three months ...
TEMASEK Holdings Pte, Singapore's state-owned investment company, said it increased its stake in PT Bank Internasional Indonesia, giving it greater control over Indonesia's sixth-largest bank by assets. Temasek bought shares held by Barclays ...
TEMASEK Holdings Pte, Singapore's state-owned investment firm, may merge its two Indonesian banks into the country's fifth largest to meet ownership rules and boost their competitiveness in Southeast Asia's biggest economy, Bloomberg News said. PT ...
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