Indonesia

Results for Indonesia

Indonesia to Turn Over Yacht in 1MDB Probe to FBI

Indonesia will hand over a luxury yacht seized on the resort island of Bali to U.S. authorities, police said Wednesday, giving the Justice Department an elusive asset connected to a $4.5 billion fraud case centered on the Malaysian state fund 1MDB, The ...

Daily Headline - global.abi.org - 03/08/2018 - 00:40 - 0 comments

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 10:02 - 0 comments - 0 attachments

Indonesia’s Tax Amnesty Passes Its Deadline

Last year Indonesia’s finance minister, Sri Mulyani Indrawati, invited chief executives, directors and shareholders from the country’s leading industries to banquets at her ministry, The Economist reported. As they munched, she would give presentatio ...

Daily Headline - global.abi.org - 03/30/2017 - 22:13 - 0 comments

Indonesia Rakes in Billions as Tax Amnesty Gathers Steam

A tax amnesty program launched by Indonesia to bring home money stashed overseas by wealthy individuals has attracted 135.4 trillion rupiah (US$10.5 billion) in asset repatriation since July, the government said Friday, The Wall Street Journal report ...

Daily Headline - global.abi.org - 10/03/2016 - 00:37 - 0 comments

Trikomsel Says Indonesian Court to Review Debt Workout Plan

PT Trikomsel Oke, an Indonesian mobile-phone retailer that defaulted on bonds last year, said that a court hearing on the company’s debt workout plan will be held today, Bloomberg News reported. A Jakarta commercial court had decided on Sept. 26 to postp ...

Daily Headline - abi_admin - 09/28/2016 - 13:43 - 0 comments

Indonesian Government Will No Longer Bail Out Commercial Banks

The Indonesian government will no longer bail out commercial banks when they face financial problems, but will instead force the institutions to use their own assets or those belonging to shareholders to raise funds in a crisis, according to a new regula ...

Daily Headline - global.abi.org - 03/21/2016 - 21:11 - 0 comments

Indonesian Banks: Under Stress

Published data would suggest Indonesian banks are holding up well, in spite of the commodity downturn, a lack of diversification in the economy and protracted currency weakness. But there is good reason to believe such data do not tell the full story. Wh ...

Daily Headline - global.abi.org - 11/29/2015 - 18:12 - 0 comments

Indonesia Inc Faces Tough Time Rolling Over Debts

Concern over external debt in corporate Indonesia is mounting as companies seek to roll over more than $42bn of foreign currency loans within the next 12 months, following a period of steep rupiah depreciation, the Financial Times reported. External ...

Daily Headline - global.abi.org - 10/04/2015 - 17:51 - 0 comments

Indonesia's Berau Seeks To Extend Debt Moratorium To U.S.

A unit of Indonesian coal miner PT Berau Coal Energy Tbk has filed a petition to have a debt moratorium granted by a Singapore court recognized in the United States, in a move to stave off creditors, Reuters reported. On July 7, the Singapore High Court ...

Daily Headline - global.abi.org - 08/02/2015 - 22:32 - 0 comments

Hard Economics Hit Southeast Asia Consumer Dream

Multinational companies drawn to Southeast Asia by hopes of a long consumption boom are witnessing a reversal of fortunes in its three biggest economies as shoppers lose their mojo, the Financial Times reported. Household debt, sluggish wage rises an ...

Daily Headline - global.abi.org - 05/14/2015 - 19:25 - 0 comments

Syndicate content