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Archives: Finance

ORI-005 will be issue on September 2008

Succes issued Retail Government Bond (ORI) since first issued (ORI-001) till fourth issued (ORI-004) has making our government optimistic by continued to issue the fifth retail bond number 005 (ORI-005) on next September 2008. ORI-005 will have a five-year maturity, and the yield will be compared to other five-year bonds in the market.   The government who [...]

BPK found Rp. 1.3 trillion of grant money did not reported

  The Supreme Audit Agency (BPK) found that the financial reporting of government offices and local administations had worsened, as it found 12 offices did not report grant money received.  These offices are consist of  the General Elections Commission (KPU), the National Commission of Human Rights (Komnas HAM), the Nuclear Power Agency (Batan), the National Police, and [...]

Citibank launch “super switch deposit”

Citibank will launch “super switch deposit” to meets the current condition, related with high volatility for the value of currency.   With this system, the clients of Citibank will have some possibility to change their spot currency with another foreign currency to get the maximizing profit.  Minimum deposit to open a new account at Citibank super switch [...]

In 2007, FIF gets net profit Rp. 410 billion

For this year (2007), PT Federal International Finance (FIF) who owned by PT Astra International Tbk, succes to get net profit Rp. 410 billion. This condition has been increasing Rp. 70 billion from the last year (2006) which only get Rp. 340 billion.  This condition are issued by FIF on Thursday (27/02/08) with publish their financial [...]

Fitch Rating increasing our banking rating

Fitch Rating increasing level of Long Term Foreign Currency (LTFC) Issuer Default Rating (IDR) from 11 banks in Indonesia from”BB-“ (BB minus) become to “BB”.  This increase also for Long Term Local Currency (LTLC) IDR from PT Bank Mandiri (Persero) Tbk, PT Bank Negara (Persero) Tbk, PT Bank NISP Tbk, and PT Bank UOB Buana Tbk [...]

Rp. 40 billion from BNI, to increasing small business area

In 2008, PT Bank Negara Indonesia, Tbk (BNI) has commit to distributing their credit facilities Rp. 40 billion for small business area in Indonesia. For last year (2007), BNI was succed to distributing almost Rp. 17,5 billion credit facility for small business area in Indonesia.  Commitment BNI to increasing an economic growht in local government, especially [...]

Rp. 150 trillion will be contribute to financing needed in 2008

Association of Indonesia Financing Company (AIFC) has targeting Rp. 150 trillion to contribute their credit facility to the market in 2008. This target amount is equivalent with increasing 15 percent growht’s from the last year (2007). 2007, AIFC has succes to contributing their credit facility Rp. 130 trilion. For 2008, the target not really difficult to [...]

INTRAC has received 11.470 Suspicious Transaction Report

Money laundering as a crime of global dimension is a new concept in many countries, including Indonesia. The magnitude of its impact on the economy of a country encourages countries and world organizations to commit significant resources to the eradication and prevention of this crime (www.ppatk.go.id).  Until the end of October 2007, Indonesia Financial Transaction Reports [...]

WOM finance loss Rp. 65,206 milliard

Until the tird quartal 2007, Income of PT Wahana Ottomitra Multiartha Tbk (WOM Finance) has been increasing from the last year (2006), Rp. 811,171 miliard become to Rp. 893,314 miliard, or growth to the amount 10,13 percent. But, from the January till September 2007, the company has been loss Rp. 65,206 miliard.  This condition cause of [...]

Permata Bank financing apartment ownership at Kemang Village

Permata Bank and Lippo Karawaci has been making an agreement to financing the credit facility for apartment ownership in exclusive project at Kemang Village, South Jakarta.   Until September 2007, Permata Bank has distributing their credit facility till Rp. 2,9 trilion or increase to the amount 12,5 percent growht’s, if compare with last year in the [...]

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