www.thejakartaglobe.com - While Singapore’s DBS Group Holdings awaits approval from Indonesian authorities for its multibillion dollar purchase of a controlling stake in Bank Danamon, the real battle is just starting.
Some lawmakers are raising the issue of a reciprocal principle in investment with Singapore and limitations on foreign ownership in local lenders.
Harry Azhar Azis, a deputy chairman of House of Representatives Commission XI, which oversees banking, told the Jakarta Globe on Wednesday that the House was preparing a draft revision of the 2009 Banking Law that would require reciprocal treatment. (source)
Showing posts with label pramono. Show all posts
Showing posts with label pramono. Show all posts
Thursday, April 05, 2012
Wednesday, January 11, 2012
INDONESIA - BANKING - Bank Indonesia Sets New Rules On Credit Cards
People seeking credit cards will face stricter controls and banks will face a limit on the charges they can levy under regulatory changes spelled out on Monday by Bank Indonesia.
The banking industry applauded some of the measures, but raised concern over central bank attempts to impose a maximum interest rate. (source)
The banking industry applauded some of the measures, but raised concern over central bank attempts to impose a maximum interest rate. (source)
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