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Farallon to Pay 30 Percent of BCA Price on March 28

29 July 2003 10:42 WIB

TEMPO Interactive, Jakarta:Farallon, the winning bidder in the tender for the government's 51 percent share in Bank Central Asia (BCA), is to pay 30 percent of the price on March 28, according to I Putu Gede Ary Suta, the Head of the Indonesian Bank Restructuring Agency (IBRA). Suta made this announcement on Monday (18/3) prior to a meeting of the Financial Sector Policy Committee (KKSK), and added that the remaining 70 percent would be paid within six months. He went on to say that Farallon cannot sell its shares in BCA without the approval of Bank Indonesia. However, according to Suta, IBRA had not set a lock up period as regards any change of ownership of the shares in BCA. (Istiqomatul Hayati—TEMPO News Room)


Whoosh Sees Spike in Sales Ahead of Long Weekend

17 menit lalu

Whoosh Sees Spike in Sales Ahead of Long Weekend

KCIC will operate a total of 48 Whoosh high-speed train trips during the long weekend period from May 9-12, 2024.


Jokowi Assures Regional Head Elections Set in November

45 menit lalu

Jokowi Assures Regional Head Elections Set in November

Jokowi ensures that the 2024 regional head elections would be held according to schedule.


Australia Raises Minimum Savings for Student Visa, Warns on Fake Recruitment

53 menit lalu

Australia Raises Minimum Savings for Student Visa, Warns on Fake Recruitment

Australia said on Wednesday, May 8, it would raise the amount of savings international students will need to get a visa.


The Warning of a Banking Crisis

1 jam lalu

The Warning of a Banking Crisis

The OJK releases a new regulation obliging banks to increase their capital.


Indonesian Girl Metal Band Voice of Baceprot to Perform at Glastonbury Festival 2024

1 jam lalu

Indonesian Girl Metal Band Voice of Baceprot to Perform at Glastonbury Festival 2024

All-female heavy metal band Voice of Baceprot (VoB) is set to make history as the 1st Indonesian musicians ever to perform at Glastonbury Festival.


Bappenas Set to Start Free Lunch Program in 2025

4 jam lalu

Bappenas Set to Start Free Lunch Program in 2025

The National Development Planning Agency (Bappenas) announced that the free lunch program will start running in 2025.


Indonesia Condemns Israeli Takeover of Palestinian Rafah Crossing

4 jam lalu

Indonesia Condemns Israeli Takeover of Palestinian Rafah Crossing

Indonesia condemned the Israeli military attack in the Palestinian city of Rafah and the forced takeover of the Palestinian side of the Rafah crossing


Jokowi to Ask Prabowo to Develop 78,000 hectares of Idle Ponds

5 jam lalu

Jokowi to Ask Prabowo to Develop 78,000 hectares of Idle Ponds

President Joko Widodo or Jokowi planned to ask President-elect Prabowo Subianto to rehabilitate the abandoned ponds in West Java's north coastal area.


Brazil Floods Death Toll Rises to 90, Dozens Still Stranded

5 jam lalu

Brazil Floods Death Toll Rises to 90, Dozens Still Stranded

Rescuers rushed to evacuate people stranded by devastating floods across the southern Brazilian state of Rio Grande do Sul, with 90 reported dead.


BMKG Forecasts Partly Cloudy to Rainy Jakarta Today

5 jam lalu

BMKG Forecasts Partly Cloudy to Rainy Jakarta Today

The Meteorology, Climatology, and Geophysics Agency (BMKG) forecasts the weather for Jakarta today, May 8, 2024.