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...If that trend continues into next week, I wouldn’t be surprised if the central bank raises rates.” Bank Indonesia is scheduled to hold a monetary policy meeting on April 23 and 24....
...Bank Indonesia’s governor Perry Warjiyo said on Tuesday that the central bank had stepped in to support the rupiah, which had dropped about 5 per cent this year and was one of the worst-performing currencies...
...Sonja Hutson That’s Anantha Lakshmi, the FT’s correspondent in Jakarta. A. Anantha Lakshmi This time he won because mainly he had the backing of Widodo....
..., which was placed under central bank control after Lan’s arrest....
...As part of the case, prosecutors have also charged several government and central bank officials with helping cover up the alleged fraud....
...Marc FilippinoAnantha Lakshmi covers Vietnam for the FT....
...The tycoon said she was asked by the central bank to oversee a merger of three banks that resulted in the establishment of SCB and that she had persuaded her friends to buy shares to save the bank from bankruptcy...
...The central bank officials are accused of receiving bribes from Lan to cover up the alleged fraud....
...It is expected to grow more than 5.1 per cent this year, the central bank said on Tuesday at the forum....
...Erik Meijaard, a conservation scientist focused on the region, said he hoped “other investment funds and banks will follow this lead”....
...“The push to produce higher-value-added products has broadened Indonesia’s manufacturing export base and added resilience to Indonesia’s current account balance,” said Kai Wei Ang, Asean economist at Bank...
...largest producer, expanded production by 30 per cent last year to 1.9mn tonnes even though global demand for the metal used in electric car batteries and stainless steel barely grew, according to investment bank...
...Carlos Torres Vila has been indulging in the adult equivalent. The chair of BBVA trumpeted a strong dividend on Monday. The bank reports detailed full-year results in a couple of weeks....
...At this hour of the day, with the clubbers and cruise-ship passengers still snoring in their beds, its denizens were mainly locals going about their business between banks, estate agents and lawyers’ offices...
...Chair Carlos Torres Vila spelled it out for anyone slow on the uptake. The Spanish bank will pay out €7bn in 2021 and 2022, almost one-fifth of the current market capitalisation....
...And this time the venerable Tempranillos were not from Rioja but from Spain’s other great red wine region, Ribera del Duero on the banks of the river known as the Douro over the Portuguese border to the...
...Francisco Blanch, an analyst at Bank of America, pointed out in a report this week that Saudi Arabia and the UAE’s spare capacity stands at less than 1mn barrels per day, a razor-thin margin in a 100mn b...
...The Sovereign Wealth Fund Institute has appointed Lakshmi Narayanan, the former vice-chair and CEO of professional services group Cognizant, as chair....
...The central bank has devalued the currency, the hryvnia, by 25 per cent and is printing more to buy government debt, tipping inflation to over 20 per cent....
...“We are selling at a very, very attractive price in the US and we are buying at a very, very attractive price in Turkey,” Carlos Torres Vila, BBVA’s executive chair, told the Financial Times....
...As Carlos Torres Vila, the head of BBVA, set out why the Spanish lender planned to take full ownership of Turkish bank Garanti, it did not always sound like the sales pitch typically rolled out for corporate...
...But problems at Lakshmi Vilas Bank date back to well before the pandemic....
...In November it stepped in once again to oversee a takeover by Singapore’s DBS Bank of Lakshmi Vilas Bank, a regional lender whose decline predates the pandemic and had rattled markets....
...Ram Vilas Gupta, migrant worker in Chandauli, Uttar Pradesh More than 15 years ago, Ram Vilas Gupta left his family and village in India’s vast hinterland for the metropolis of Mumbai, where he drove a...
...In 2007, Spanish bank BBVA returned to build a US regional banking business in the sunbelt....
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