Indonesian Political, Business & Finance News

Archive: 13 February 1999

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Govt seeks House nod to monitor capital inflow

Govt seeks House nod to monitor capital inflow JAKARTA (JP): The government is seeking legislative approval to enhance its monitoring of capital flow into and out of the country, but states it is not backing away from its open capital account regime. Minister of Finance Bambang Subianto said on Friday that better monitoring of the inflow of short-term funds, which are speculative in nature, was needed to prevent a recurrence of the devastating financial crisis.