IBRA RELOADED?

It has been estimated that the annual budget for the Financial Services Authority will reach more than Rp800 billion with two-thirds of this being for staff salaries.

June 17, 2003

THERE have been reports of some turbulence at Senayan, where Indonesias parliamentary complex is located, as regards the plans to set up a Financial Services Authority (FSA). This was particularly so at the end of last month when Akbar Tandjung, Speaker of the House of Representatives (DPR), received a visit from Governor of Bank Indonesia (BI) Burhanuddin Abdullah. Following this meeting, Akbar stated that the DPR had agreed to postpone the

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