Indonesian Political, Business & Finance News

Archive: 2 January 2009

3 articles found

Banks To Scale Down Business Loans

The banking sector will continue lending to businesses this year, although not as aggressively as in 2008, two senior bankers say.“We don’t want to be too conservative about providing loans,” said Agus Martowardojo, chairman of the Indonesian Bankers Institute, or IBI.

Yudhoyono Promises Major Economic Stimulus Package

President Susilo Bambang Yudhoyono said on Wednesday that his administration would counter the impact of the global economic recession next year with a fiscal stimulus package worth Rp 12.5 trillion ($1.15 billion).

Economic indicators predicted to decline in 2009

Samarinda (ANTARA News) - Economic indicators amidst the global financial crisis are predicted to decline in 2009, an Indonesian Chamber of Commerce and Industry (Kadin) executive says."The global crisis which hit many countries in the world in 2008 will continue this year.