Indonesia: banks seem in worse shape than expected

Article Abstract:

Indonesian banks would require more than the $20 billion initial estimate of banking analysts needed to restructure the country's banking system. International accountants called in by the Indonesian Bank Restructuring Agency (IBRA) to look into the state of the banks have uncovered substantial loan repurchase agreements, known as repos, and high-risk foreign-exchange contracts revealing banks to be in worse conditions than expected. IBRA's options in restructuring the banks include liquidating a bank by paying off depositors and selling assets such as loans. Or injecting sufficient capital to get back the bank on its feet before selling it.

Comment:

Indonesia: Banks would require more than the $20 bil initially estimated by analysts needed to restructure the banking system

Government expenditures, Banking Institutions, Depository Credit Intermediation, Banks (Finance), Article

Steps along Indonesia's justice trail

Article Abstract:

Several quick-fixes for the Indonesian legal system are outlined, like the use of distinguished citizens as judges in cases exceeding $1 million and in cases concerning foreign parties. Other ideas include recognizing and enforcing some foreign laws, and publishing the results of cases.

Legal issues & crime, Police Protection, Law Enforcement & Crime Prevntn, Laws, regulations and rules, Column, Law enforcement

Playing the Islamist card in Indonesia

Article Abstract:

The majority of Muslims in Southeast Asia are unequivocally moderate in their political outlook. Many Indonesian Muslims tend to a more extremist outlook. The article details the perspective of Indonesian Muslims.

Southeast Asia, Muslims, Political aspects, Beliefs, opinions and attitudes, Asia, Islam, Religious aspects, Muslims in Asia, Muslims in Indonesia