Jakarta, ID
Sunday, May 27 2012, 13:38 PM

Headlines

Special Report

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Bank Indonesia (BI) is paying a high price to maintain its credibility after its Netherlands-based Indover Bank subsidiary defaulted on its debt payments.

Following a decision taken in closed-door meetings and with a low-level of transparency, the BI proposal to bail out Indover, eventually calling upon massive taxpayer's funds, has been now approved by lawmakers.

The Jakarta Post's business section features a special report on the Indover mess on Page 3.