|Wednesday, May 22, 2013
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headline-news

Indonesia outlook revised to stable from positive - S&P | Outlook data

(Insider Stories) – Ratings agency Standard & Poor’s Ratings Services has revised its outlook for Indonesia to stable from positive while affirming its sovereign credit ratings, as stalled reform momentum and a weaker external profile have diminished the potential for a rating upgrade by the agency in the next 12 months despite a favorable debt profile Full Article

Bank Mandiri names Budi Sadikin as President Director | Insider executive data

(The Insider Stories) — Shareholders of Indonesia’s biggest bank by assets on Tuesday appointed Budi Sadikin as the new president director to replace the outgoing Zulkifli Zaini. Born in 1964, Budi Gunadi Sadikin holds a bachelor’s degree in nuclear science from the reputable Bandung Institute of Technology. Following his graduation, he moved to Tokyo to Full Article

Jakarta city government announces infrastructure priorities; aims to keep spending balanced | Insider regulation data

(The Insider Stories) — Development projects that the new Jakarta city government has identified as priorities for this year’s budget could see the city make quantifiable, lasting gains in improving its creaking infrastructure. While Jakarta has had many ambitious infrastructure projects launched over the years only to see them fail leaving Indonesia’s capital to founder Full Article

Jakarta Governor Says Floods Cause Loss of More Than Rp 20t

Wednesday, Jan. 23 (Insider Stories) - Total loss from the recent floods that strucked Indonesia’s capital city is estimated at more than Rp 20 trillion, Jakarta Governor Joko Widodo said as quoted by Kompas. “A city like Jakarta must have a scheme to let the water flow,” the governor, famous with name Jokowi said, as Full Article