Monday, March 12, 2007 Vincent Lingga, The Jakarta Post, Jakarta
Reform is never easy when it requires changes to an entrenched economic system. That is why broad-based reforms often require a crisis or perception of crisis, or at least a sense of chronic deterioration. It was economic crisis that...
Monday, March 12, 2007
Idle funds threaten macroeconomic stability
Wednesday, March 07, 2007 Vincent Lingga, The Jakarta Post, Jakarta
The banks will publish their audited financial statements for 2006 within the next few weeks. The statements will mostly show bigger profits, but that doesn't mean the banks' managements should be commended for jobs well done.
The...
Friday, March 09, 2007
Let us cheer, not fear, the arrival of foreign banks
Wednesday, February 28, 2007 Vincent Lingga, The Jakarta Post, Jakarta
The dilution of the deposit insurance scheme to a maximum of Rp 100 million (US$10,500) per account next month will unleash stronger market forces to screen banks, as depositors will have to be more careful about choosing the financial...
State minister dreams of cutting the number of SOEs
Monday, February 26, 2007 Vincent Lingga, The Jakarta Post, Jakarta
Judging by the government's privatization record over the past three years, the plan revealed by State Minister for State Enterprises Sugiharto last week to slash the number of state companies from almost 140 to 69 within three years...
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