Indonesian Political, Business & Finance News

Archive: 6 August 2007

6 articles found

Monorail Financing Reviewed

TEMPO Interactive, Jakarta: The plan of the banking sector to finance the monorail development project apparently has been delayed again. Sudaryanto Sudargo, PT Bank Rakyat Indonesia Tbk.'s Director, said that so far banks are still awaiting the commitment of the Jakarta Provincial Government. “If the regional government is also involved in financing this project, we will disburse the funds,” he said.

Rabobank set to expand into Indonesian retail banking

Antonio was actually having lunch with him at the time of the blast. I can't imagine how you cope with something like that.

Rabobank set to expand into Indonesian retail banking

Antonio da Silva Costa's predecessor Hans Winkelmolen was killed in the Marriott blast.

Rabobank set to expand into Indonesian retail banking

Hmmm -- as they are one of the few banks (if not the only bank) to have a AAA rating I would imagine that your money would be safer here than anywhere else. They have some very talented people in Indonesia at the moment and are going to become one of the people to watch. On a non investment note you have to rate Antonio da Silva Costa for still being here, as a lesser man would have run away after being caught in both the Marriott and Australian Embassy bombings!

Rabobank set to expand into Indonesian retail banking

Rabobank's cycling team is tatters. They were forced to fire their best cyclist while he was leading the Tour De France due to serious doping allegations. Then the team manager quit/was fired. Then the team director quit/got fired. Their second best cyclist, Boogerd, is threatening to leave to a new American-based team. I'd really think twice about putting my money in their branches in Jakarta or anywhere.

Rabobank set to expand into Indonesian retail banking

Urip Hudiono, The Jakarta Post, Jakarta Rabobank Group of the Netherlands is a global financial services provider with particular strength in banking in the food and agrobusiness sectors. Founded in 1898 through the merger of Utrecht's Co”peratieve Centrale Raiffeisen-Bank and Eindhoven's Co”peratieve Centrale Boerenleenbank, it now comprises 218 local banks with operations in 42 countries.