State banks welcome equal treatment with private competitors
The Jakarta Post
Executives of state-owned banks have welcomed the recent Constitutional Court ruling that officially lifted a legally binding clause that forbade them to give credit haircut, a financial mechanism previously only enjoyed by privately-owned banks.
The ruling declares that state-owned banks will now be able to restructure or sell their non-performing loans, which means troubled consumers woul...
- Jakarta designates lane for motorcycles
- 'Millennial bravery' and taking the fight against corruption online
- Commentary: 'Minor reshuffle' and Jokowi's own political survival
- Indonesia plans to export LNG to Pakistan, Bangladesh
- Turkey starts lifting stricken plane from cliff
- Anies launches first housing project with zero down payment
- Jakarta urged to manage traffic ahead of Asian Games
- ‘Final Fantasy XV Royal Edition’ slated for March
- Jakarta hospitals face perennial problems
- Malaysian plane scare as flight diverted to Alice Springs