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, January 08, 2018

Java Holds the Key

HASTO Kristiyanto stopped for a moment as he was about to take a sip from his mineral water in Tempo’s editorial meeting room last Friday. The Indonesian Democratic Party of Struggle (PDI-P) secretary-general apologized for his petai, or stinky bean, breath. "Last night I was served stinky-bean fried rice by the President.