Tempo English Weekly

Monday, January 08, 2018

Low-Cost Acquisitions

TO foreign banking institutions, Indonesian banks net interest income is like icing on the cake to sweeten expansion. Difference in revenues between interest on deposits and interest on loans reaches four percent on average, higher than other countries two-percent average. No wonder foreign banks are acquiring shares in local Indonesian banks almost every year. ¡°No net interest margin is higher than ours,¡± said Investa Saran Mandiri Director Hans Kwee last…

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Monday, April 16, 2018

A Dark Debacle in the Bay

Two weeks have passed, and the cargo ship MV Ever Judger has not left the waters of Balikpapan Bay in East Kalimantan. This ship, which sails under the flag of Panama, should have set sail on March 30, leaving Balikpapan with a cargo of 74,000 tons of coal, headed for Lumut, Perak, Malaysia. The captain had been authorized to leave by the port authority.