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BANKING
Halting the Snowball Effect

Tuesday, October 28, 2008

A Bank Indonesia subsidiary was saved from the danger of collapse. It needs funds of Rp7 trillion, and losses may still rise.

arsip tempo : 173511062663.

. tempo : 173511062663.

MINISTER of Finance Sri Mulyani Indrawati was absolutely poleaxed. As if out of nowhere, suddenly the government is involved in the vortex in the Indonesische Overzeese Bank NV alias Bank Indover. The government’s “involvement” appeared in a letter issued by Bank Indonesia on 25 February 2008.

The bad news was delivered by BI Governor Boediono at a working meeting between the Minister of Finance and the House Finance & Banking Commission o

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