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August 4, 2009 edition

SEVERAL top-row banks are planning to become regional players. Although in terms of market capitalization this is still very hard, so far three banks have taken up the challenge: BCA, BRI, and Bank Mandiri. However, this "dreaming big" still covers many other areas, including bureaucracy in countries that are expansion targets. In the domestic market, the top banks mentioned above are fighting head-to-head.
Mid-row banks are also now focusing more and more on core businesses after being acquired by foreign players. They are becoming even more enthusiastic about competing in the domestic market, which is still wide open. In addition to China, Malaysia, Singapore and Australia, India is now becoming more aggressive. Which local players will manage to hold out, drop down a class, or be prepared to be acquired by a foreign player in the future that looks difficult in terms of the current, tight regulations?

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More Special Report articles in other editions

July 28, 2009 edition

The period for the Jakarta Regional Spatial Master Plan for 2000-2010 will soon be coming to an end. However, until now, mid-2009, the Jakarta Regional House of Representatives (DPRD) has not yet received the 2010-2030 master plan from the Jakarta regional government as required by Law No. 26/2007 on City Planning. Despite the fact that according to the plan prepared by the Jakarta City Planning Agency, the master plan which covers Jakarta city planning for the next 20 years should already be under discussion by the DPRD. This means that the time accorded has already been exceeded leaving Jakarta in the precarious position of not having a new city plan in place before the period for the old master plan comes to an end.
The Governor of Jakarta, Fauzi Bowo, as well as an array of high-ranking regional officials in charge of city planning, say they are in the middle of finishing the master plan. “At present we have finished the zoning map which we have been trying to prepare at the same time as we have been preparing development plans,” said the head of the Jakarta City Planning Agency, Wiryatmoko.
According to head of the Jakarta City Development Planning Agency, Nurfakih Wiriawan, the contents of the 2010-2030 master plan still need to be explained to many parties. “We sincerely hope that the bill for the regional regulations for this can be finished this year. After that it can be discussed in the regional parliament,” he said.

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June 16, 2009 edition

Donors to election campaigns prefer to remain anonymous. They do not use banking services.

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June 9, 2009 edition

Susilo Bambang Yudhoyono received additional money from royalties for songs he composed, while Prabowo Subianto relies upon his business empire overseas. The anticorruption commission will not be digging too deep.

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