Indonesiens Wirschaft wächst stark, gut für BII (889036) - 500 Beiträge pro Seite

[Brokerprofi]

Imf Forecasts Indonesian Expansion of 4PCT in 2000
JAKARTA, June 6 Asia Pulse - Indonesia`s economy would expand by 4% this year, Horst Koechler, executive director of the International Monetary Fund (IMF), said here.
A four percent growth rate would be a good start towards economic recovery and the process of recovery had covered all economic aspects, Koechler said Monday.

The country would no longer face significant problems and an impressive growth rate was expected in the future.

"Indonesia`s economic program is on the right track. Although not fully in place, I am confident that the prospects are encouraging," he said.

President Abdurrachman Wahid had convinced him that the Indonesian government would monitor implementation of the economic program set by the IMF.

"It is good news for investors, as the president pledged to give priority for the implementation of economic recovery programs," he said.

(ANTARA)

[klako]

Hy Fan,

Wer kann mir die Webadressen von BII, Lippo und Bali geben ???
([e-mail])
Klako

[soccerly]

versuchs mal unter http://www.bi.go.id/Intl/index.htm

[costo]

Hallo !!!

Kann mir jemand sagen wo ich die australischen Kurse der Bank Indonesia abrufen kann ?
Bin bei o,o1 E rein und frage mich ob ich die Dinger jemals wieder loswerde....

Gruß
Costo

[SunInvestor]

no problem!!!

wieviele sinds denn? Ich zahl Dir 0,011 fürs ganze Paket. Bar auf die Hand!
Mehr geben Dir die Australier auch nicht dafür.
Meld dich bei:

[e-mail]
SunInvestor

[Tam from Lamai]

hi klako, ich dachte schon ich sein der einzige bii investor aus appenweier. wie klein die welt ist.

[costo]

Hallo Suninvestor,
ich will ja garnicht verkaufen, jedenfalls nicht für 0,011.
Wüßte trotzdem gerne wo ich die australischen Kurse finde.
Bei Yahoo jedenfalls nicht.....
Gib mir mal nen Tip !

Thanx
Costo

[nick27]

Moin,
ich denke über Kurz oder lang werden wir auch noch Spaß mit BII haben die Frage ist bloß wann,
wie es scheint ist das Interesse hier im Board auch so ziemliche auf Null. Was mich einerseits etwas nervös macht
(bin ihc etwa der letzte derdie noch hält?), andererseits aber auch die gewißheit gibt das wenn es wieder hochgehen sollte
es nicht durch unbegründetes gepushe sonder wahrscheinlicher durch Meldungen aus Asien und Käufer in
Aussie land sein wird.

Gruß Nick

[McRed]

Hi BII-Eigner,

anbei Finanzinformationen aus Jakarta:

Bank Int` l Indonesia Tbk
Af : SMMA
Sector Code : 81
Sector Name : BANK

(In thousand rupiah except Par Value, Closing Price and Ratios)

Financial Statement Date : 31-Mar-2000
Fiscal Year Ends : Dec
Months Covered in Income St : 3

Summary of Balance Sheet
Receivables : 0.00
Inventories : 0.00
Current Assets : 0.00
Fixed Assets : 1,464,552,000.00
Other Assets : 329,558,000.00
Total Assets : 40,506,225,000.00
Current Liabilities : 0.00
Longterm Liabilities : 0.00
Total Liabilities : 38,342,533,000.00
Autorized : 289,000,000.00
Paid-Up Capital : 13,054,680,222.50
Par Value : 500 & 125
Paid-Up Capital Shares : 92,793,360.45
Retained Earnings : -12,337,415,000.00
Total Equity : 2,163,692,000.00
Minority Interest : 0.00

Summary of Income Statement
Total Sales : 1,030,816,000.00
Cost of Good Sold : 946,981,000.00
Gross Profit : 83,835,000.00
Operating Profit : 83,835,000.00
Other Income : 8,908,000.00
Earning Before Tax : 92,743,000.00
Tax : 3,751,000.00
Net Income : 88,992,000.00
Listed Stocks : 91,865,528.94
Closing Price : 100.00

Per Share Data (Rp)
Eps : 3.84
Booked Value : 23.32

Financial Ratios
Debt Equity Ratio (X) : 17.72
Roa (%) : .88
Roe (%) : 16.45
Npm (%) : 8.63
Opm (%) : 8.13

Ich hoffe Ihr könnt etwas damit anfangen!

Ciao McRed

[euphrasine]

weiss nicht. aber aus meiner sicht sind die zahlen gut!

[Thika]

Heute sind hohe Umsätze bei 0,01 EUR, kaufen vielleicht die Banken ein??

[BrokerSteve]

BNII stehen am Jahresende bei 6 Cents.

[Singha]

Ja dann setz ma doch des Limit auf 0,06

[Thika]

Weiß jemand was neues über die Bank 889036 (BII)?

[frankkerkau]

Hallo,

mal meine Meinung zu den Zahlen.

Grundsätzlich sehe ich sie positiv. Das wurde eigentlich nach Abschluß der Rekapitalisierung auch erwartet.

Die weitere Entwicklung muß man jedoch beobachten. Davon hängt es ab, wie schnell die Verlustvorträge (Retained Earnings) aus den letzen Quartalen abgebaut werden können und sich das Verhältnis von Schulden zu Eigenkapital (Debt Equity Ratio) verbessert. Wenn die Zahlen der nächsten Quartale rauskommen, könnte man dafür vielleicht auch einen Zeitrahmen abschätzen. Erst dann würde man sehen, wie gut BNII wirklich ist.

Der Umsatz gegenüber dem 1. Quartal des Vorjahres ist um ca. 10% zurückgegangen. Das kann verschiedene Ursachen haben (z.B. Konzentration auf risikoärmeres Geschäft, d.h. Qualität vor Quantität, Erhöhung der Effizienz durch Margenerhöhung, Abbau notleidender Kredite o.ä.). Das würde ich im Moment nicht überbewerten.

Was ich aus den Highlights leider nicht nachvollziehen kann, ist der Buchwert und der Gewinn pro Aktie. Vielleicht hat ja jemand eine Idee.

Für eine Bewertung der Aktie aufgrund der Daten ist es nach meiner Meinung zu früh. Ich denke in einem Jahr wissen wir mehr.

Auf jeden Fall bin ich zuversichtlich.

Gruß

Frank

[Thika]

Dann hoffe ich mal weiter. Danke für die Mitteilung.

[SunInvestor]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Thika]

das ist doch etwas positives!

[Insulaner]

Hallo,
Ich habe nur eine Frage.
Gibt es keine news zu Bii?
Gruß an alle die investiert sind von
Insulaner

[Brokerprofi]

Eine gute und objektive Analyse vom 25.08.00 von fnet (www.fnet.de)zu BII: Freitag, 25.08.2000 von Andreas Hoose
Geduldsprobe ohne Ende?


Vor etwa einem Jahr waren indonesische Aktien bei deutschen Anlegern plötzlich groß in Mode. Ein Blick zurück: Die ersten demokratischen Wahlen seit 44 Jahren verursachten im viertgrößten Land der Erde eine Welle der Begeisterung. Die Euphorie erfasste auch den Aktienmarkt in Jakarta und schwappte von dort aus nach Europa hinüber. Aufgeschreckt von traumhaften Kurszielen, die ungeniert in so mancher Börsenpostille hinausposaunt wurden, stürzten sich die Investoren scharenweise auf die Aktien aus dem Inselreich.
Einige Titel standen in der Gunst der Investoren besonders weit oben - jene aus dem Bankensektor. Kein Wunder, die Unternehmen aus der Finanzbranche hatten unter den Turbulenzen der Asienkrise besonders zu leiden. Dies spiegelte sich natürlich auch in den Kursen wider. Auf dem Höhepunkt der Ausverkaufswelle im Herbst 1998 hatten viele Banken mehr als 90 Prozent ihres Wertes eingebüßt. Zu verlockend erschien da manchem die Versuchung, auf 2000 oder mehr Prozent Kursgewinn zu setzen.
Längst ist die Euphorie gewichen, Ernüchterung hat sich breit gemacht. Indonesische Aktien haben sich in diesem Jahr ein Kop-an-Kopf-Rennen mit dem Markt in Thailand geliefert - um den letzten Platz in der weltweiten Börsenstatistik.

Mutige Anleger?

Einen regelrechten Kaufrausch sahen im Frühsommer vergangenen Jahres die Papiere von Bank Internasional Indonesia (Bank II; WKN 889036). Das Institut gilt als eines der am besten geführten Finanzhäuser des Riesenreiches.
Selbst bei der bekannten Telefonaktion eines noch bekannteren deutschen TV-Börsensenders mischten Anrufer mit, die sich mutig nach den "langfristigen Perspektiven" des Papiers erkundigten. Nun, zumindest mittelfristig waren die Aussichten nicht so gut, dies läßt sich aus der Retrospektive getrost feststellen.

Der Kurs von Bank II, damals ohnehin schon auf vermeintlich niedrigem Niveau angelangt, halbierte sich seither noch einmal. Das Paradoxe daran: die fundamentale Situation hat sich seit dem Höhepunkt der Asienkrise im Herbst 1998 drastisch verbessert. Der Turnaround scheint geschafft, für das Gesamtjahr werden bereits wieder schwarze Zahlen angepeilt. Trotzdem notiert der Kurs heute auf annähernd dem gleichen Niveau wie im Herbst 1998. Erst seit wenigen Tagen scheint sich die Situation etwas aufzuhellen, ein leichter Auwärtstrend könnte sich etablieren.
Gleiches gilt für praktisch alle anderen Finanzinstitute des Landes. Wie ist die Diskrepanz zu erklären? Und besteht überhaupt Aussicht darauf, dass sich die Kurse indonesischer Banken nachhaltig erholen?

In der Krise liegt die Chance

Um diese Fragen zu beantworten, ist ein Blick auf die politische und wirtschaftliche Situation in Indonesien unerlässlich. Die Entwicklung an der Börse wird entscheidend davon abhängen, was auf diesen Bühnen passiert.
Das Inselreich mit seinen 210 Millionen Einwohnern wurde von den Turbulenzen der Asienkrise härter getroffen, als alle anderen Tigerstaaten. Das Bruttosozialprodukt schrumpfte innerhalb von 18 Monaten um 20 Prozent, die Landeswährung Rupiah verlor 85 Prozent ihres Wertes gegenüber dem US-Dollar.

Doch das wirtschaftliche Chaos brachte auch die Chance für einen politischen Neubeginn. Nach mehr als drei Jahrzehnten an der Regierung wurde General Suharto in die Wüste geschickt. 32 Jahre lang hatte der Militärvertreter das Land mit harter Hand regiert. Das Ruder übernahm der 62jährige Abdurrahman Wahid. Der fast blinde Anführer der weltweit größten Moslemvereinigung, Nahdlatul Ulama, genießt in Indonesien seit vielen Jahren außerordentliche Popularität.
Sollten seine Anstrengungen, Indonesien demokratisch zu lenken, eines Tages Früchte tragen, blüht dem Land eine rosige Zukunft. Doch der Weg dorthin ist weit, sehr weit.

Groß waren die Vorschusslorbeeren beim Amtsantritt des neuen Präsidenten Mitte vergangenen Jahres. Doch schnell wurde klar, dass sich das Riesenreich mit seinen zahllosen ethnischen Gruppierungen nicht so ohne weiteres mit dem Mantel der Demokratie einkleiden läßt.
Ein Aufschrei des Entsetzens ging rund um die Welt, als sich Moslems und Christen im Sommer 1999 auf der Inselgruppe der Molukken gegenseitig niedermetzelten. Separatistische Bewegungen in einzelnen Regionen, wie etwa auf Ost-Timor oder Aceh, taten ein Übriges, das Vertrauen internationaler Investoren in die neue Regierung nachhaltig zu schwächen.
Allein diese Aufgaben zu lösen, bedarf wahrer Herkulesanstrengungen - gar nicht zu reden von dem Scherbenhaufen, den die Asienkrise in Wirtschaft und Industrie Indonesiens hinterlassen hat.

Traurige Wahrheit

Wie schwer die Verantwortlichen an ihrer Last zu tragen haben, wurde den Investoren im Mai dieses Jahres erneut mit Nachdruck vor Augen geführt. In einem Interview verstieg sich Wirtschaftsminister Kwik Kian Gie zu der Äußerung, er würde, wäre er ein ausländischer Anleger, sein Geld nicht nicht in Indonesien investieren. Das hatte gesessen! Schleunigst zogen viele Großanleger ihre Gelder aus Indonesien ab, die Landeswährung kam erneut ins Straucheln.
"Unser Land bietet zu wenig Rechtssicherheit, die Korruption treibt wilde Blüten - alles ist total chaotisch", erklärte Kwik. Der Minister war in der Wahl seiner Worte weder taktvoll noch besonders clever. Leider entsprechen die Äußerungen des Politikers den traurigen Fakten. Vor wenigen Tagen hat der glücklose Kwik seinen Hut genommen. In dieser Woche gab Präsident Wahid die Neuordnung des Kabinetts bekannt. Der bisherige Wirtschaftsminister steht nicht mehr auf der Liste der Würdenträger.
Ob jedoch Neubesetzungen auf einigen Regierungsposten ausreichen werden, die gewaltigen Probleme Indonesiens in den Griff zu bekommen, darf nach Lage der Dinge zumindest bezweifelt werden.

Sorgenkind Finanzbranche

Eine der größten Lasten, die das geschundene Land zu schultern hat, ist die Sanierung des maroden Bankensystems. Eine Möglichkeit, die Branche wieder auf die Beine zu stellen, wäre etwa die Fusion indonesischer Gesellschaften. Dies ist jedoch eher unwahrscheinlich. Die Kosten dafür wären zu hoch, zudem machen Zusammenschlüsse relativ solider Banken mit maroden Instituten keinen Sinn.
Angesichts der gewaltigen Probleme sieht sich die Regierung genötigt, die Staatsanteile an einigen Banken zu reduzieren. Wie kürzlich bekannt wurde, will das Finanzministerium seine Anteile an Bank Central Asia, Bank Niaga, Bank Universal und Bank II auf weniger als 50 Prozent reduzieren. Der Staatsanteil an Bank II beträgt bislang rund 57 Prozent.
Die Politiker hoffen jetzt auf Finanzspritzen ausländischer Investoren. Bislang sind es nur Gerüchte, die besagen, dass eine ausländische Großbank Interesse daran habe, sich bei Bank Central Asia einzukaufen.
Doch dies kann allenfalls ein kleiner Hoffnungsschimmer sein, zu Euphorie besteht nicht der geringste Anlass. Mit Beteiligungen an indonesischen Banken haben sich ausländische Investoren bereits gründlich die Finger verbrannt. So versuchten im vergangenen Sommer die Experten des britischen Finanzhauses Standard Chartered ihr Glück bei Bank Bali. Die Briten gelten als ausgesprochen erfahren im Umgang mit angeschlagenen Banken, sind selbst an vielen ausländischen Instituten beteiligt.
Kennern der Szene ist die weitere Geschichte bekannt. Der Deal platzte, weil sich herausstellte, dass die indonesische Gesellschaft hoffnungslos überschuldet und in diverse Skandale verstrickt war - und ist. Bank Bali steht bis heute tief in den roten Zahlen.

Ein relativ aussichtsreichster Kandidat wenn es um ausländische Beteiligungen geht, dürfte dagegen Bank Internasional Indonesia sein. Das Finanzhaus kann sich selbst im internationalen Vergleich sehen lassen. Reihenweise haben renommierte asiatische Wirtschaftspublikationen das Unternehmen mit Auszeichnungen bedacht. 1996 und 1997 verlieh Asiamoney das Prädikat "Indonesische Bank des Jahres". Im Jahr darauf wurde die Gesellschaft zur am besten geführten Bank des Landes gekürt. Erst kürzlich wurde das Institut unter allen indonesischen Finanzhäusern mit Vermögenswerten von mehr als 30 Billionen Rupiah auf Platz eins gewählt.

Die Gesellschaft unterhält neben der Zentrale in Jakarta weitere 180 Zweigstellen. Wichtige Außenposten sind die Cayman und Cook Islands, Singapur, Mauritius (Port Louis), Mumbai (Indien) sowie Manila auf den Philippinen. Zusätzlich wird der asiatische Raum mit Filialen in Hong Kong, China, und Sydney abgedeckt. Partnerschaften mit der französischen Crédit Lyonnais, der japanischen Fuji-Bank und der australischen Lend Lease Corporation belegen die internationale Ausrichtung des Hauses.

Auch mit seiner Innovationskraft braucht die Bank internationale Vergleiche nicht zu scheuen. Seit kurzem haben Kontoinhaber bei Bank II die Möglichkeit, ihre Bankgeschäfte über das Internet zu erledigen. Auch Aktien können über das World-Wide-Web gehandelt werden. Mit dieser Vorreiterrolle bestätigt das Haus ein weiteres Mal seine Position als Muserknabe der indonesischen Finanzbranche. Auch die Homepage kann mit so mancher Überraschung aufwarten und wirkt nicht nur für indonesische Verhältnisse ausgesprochen professionell.

Tendenz steigend

Hoffen lässt die jüngste Geschäftsentwicklung. Nach zwei verlustreichen Jahren erwartet Bank II für 2000 wieder schwarze Zahlen. Während im ersten Quartal 1999 ein Verlust von 1302 Rupiah je Anteilsschein zu verkraften war, wurden im ersten Quartal der laufenden Geschäftsperiode wieder vier Rupiah je Anteilschein verdient. Tendenz weiter steigend. Analysten haben für die Gesellschaft recht günstige Bewertungskennziffern ermittelt. Danach liegt das Kurs-Gewinn-Verhältnis auf Basis der Schätzungen für 2000 bei etwa zehn. Für die kommenden Jahre rechnen die Experten mit Gewinnzuwächsen im oberen zweistelligen Bereich. Das Kurs-Umsatzverhältnis notiert bei 1,37. Allerdings liegt das Kurs-Buchwert-Verhältnis immer noch bei 3,8. Viele asiatische Banken sind hier deutlich günstiger einzustufen. Die Marktkapitalisierung beträgt 970 Millionen Euro.
Doch diese Zahlen werden nichts nützen, so lange sich das Umfeld für indonesische Aktien nicht nachhaltig ändert - und hier ist wieder die Politik gefordert.

Tiefstkurs erreicht

Werfen wir abschließend einen Blick auf den Kursverlauf seit Juli 1998 an der Börse in Jakarta (Chart oben) und betrachten die dazugehörigen Umsätze. Eines läßt sich mit einiger Sicherheit behaupten: tiefer gehts nimmer. Bei 75 Rupiah ist der Kurs bombenfest unterstützt, der Tiefstkurs ist erreicht.
Aus Anlegersicht interessanter ist jedoch die Frage: Was muss passieren, damit die Notierung wieder nach oben klettert? Deutlich ist zu erkennen, dass die Performance vom Frühsommer vergangenen Jahres mit sehr großem Handelsvolumen einherging. Bis in den Herbst hinein waren die Umsätze recht hoch und flachten später deutlich ab.
Zum Zeitpunkt des größten Volumens bewegte sich der Kurs in einer Bandbreite zwischen 175 und 300 Rupiah. Anleger, die zu diesem Zeitpunkt eingestiegen sind, sitzen heute auf Verlusten von bis zu 75 Prozent. Bei Investoren, die in Deutschland gekauft haben, fallen die Minuszeichen wegen des Aufgeldes, das zwischenzeitlich zu berappen war, noch höher aus.
Was bedeutet dies für die künftige Kursentwicklung? Zunächst einmal dürften aufkeimende Erholungstendenzen sehr schnell im Keim erstickt werden. Sobald sich ein Kursanstieg abzeichnet, werden frustrierte Anleger die Papiere scharenweise aus ihren Depots entfernen, diese Tendenz könnte wohl schon bei Kursen um die 100 bis 150 Rupiah einsetzen, da bei diesen Kursen die Umsätze noch recht ansehnlich waren.
Hoffnung wäre nur dann angebracht, wenn ein Kursanstieg mit extrem hohem Handelsvolumen einhergehen würde. Diese Umsätze müssten jedoch mindestens so groß sein, wie im Sommer vergangenen Jahres. Anleger mit Spekulantenblut, die jetzt einsteigen, können nicht mehr viel falsch machen - zumindest dann, wenn sie sich mit einem Anstieg bis 100 Rupiah zufrieden gibt. Dort lauert der erste massive Widerstand.
Der Blick auf den Langfrist-Chart seit Juli 1995 (unten) zeigt die Ausmaße des Kurseinbruchs während der Asienkrise. Auffallend ist hier, dass die Umsätze erst im Herbst 1997 deutlich zugelegt haben. Dies würde es dem Kurs mittel- bis langfristig erleichtern, wieder in Bereiche um 600 Rupiah vorzustoßen. Der Trendfolger MACD deutet im Moment eine leicht positive Tendenz an.

Fazit:

Sicherlich gehört Bank II innerhalb der indonesischen Finanzszene zu den aussichtsreichsten Kandidaten. Eine nachhaltige Erholung des Kurses wird stark davon abhängen, in wie weit es der neuen Regierung gelingt, das Vertrauen ausländischer Investoren zurück zu gewinnen.
Bank II wäre angesichts der sehr guten Positionierung in diesem Fall einer der ersten Anwärter auf eine Beteiligung ausländischer Kapitalgeber. Sollte ein derartiges Engagement während der kommenden Monate bekannt gegeben werden, dürfte sich der Kurs sprunghaft erholen.
Belasten jedoch politische und soziale Unsicherheiten die Stimmung im Inselreich weiterhin, müssen sich Anleger auf eine Fortsetzung der Geduldsprobe gefasst machen.
Welche zeitlichen Dimensionen man sich dabei vor Augen halten sollte, lässt sich am Beispiel der Finanzinstitute in Mexico verdeutlichen. Sicherlich sind die Pesokrise des Jahres 1994 und die Asienkrise 1998 nicht miteinander vergleichbar, ebensowenig wie Indonesien und Mexico in einen Topf geworfen werden können. In Indonesien sind die Verhältnisse leider bedeutend schlimmer.
In beiden Krisensituationen aber standen die Finanzinstitute schon mit einem Bein im Grab. Was Mexico betrifft, so ist sich die internationale Anlegerschaft erst seit wenigen Monaten darüber einig, dass die Banken mittlerweile wieder zu den aussichtsreicheren Kandidaten im Lande gehören. Sechs Jahre sind seit der Pesokrise vergangen.
Kaufen sollten das Papier daher nur hartgesottene Spekulanten mit viel Sitzfleisch - Anleger also, die sich darüber klar sind, dass die größten Kursgewinne am Aktienmarkt mit dem Hintern gemacht werden.

[Lung]

Reinbuttern ist angesagt, werde nächste Woche noch mal versuchen, eine Million reinzukriegen.

[Lung]

Reinbuttern ist angesagt, werde nächste Woche noch mal versuchen, eine Million reinzukriegen.

[Insulaner]

Hallo Brokerprofi,
Schönen Dank für Deine ausführliche Antwort.
Gruß von
Insulaner

[zitteraal]

Hallo Freunde!
Wer weiß vielleicht könnt ihr damit irgend wann etwas anfangen,den link gibts hier Thread: Hongkong.com Part 38 !!!


mfg die Crew vom Hongkong.com Part
Ps.:Unser Portal hat übrigens eine gute Finanzseite,ich hoffe ihr teilt unsere Meinung

[el_supremo]

welcher idiot kauft zu 0,02 euro. komisch diese welt. naja mir solls recht sein. iniz, daß höhere kurse möglich sind.

[sksk]

Bank Internasional Indonesia: Delisting an der Börse Jakarta?

9. Januar 2001 - Die Aktien der Bank Internasional Indonesia (BII) werden möglicherweise schon bald an der Börse
von Jakarta vom Handel ausgeschlossen. Grund: Nach den üblichen Handelsbedingungen in Indonesien wird ein Wert
automatisch vom Handel suspendiert, wenn der Kurs über drei aufeinander folgende Monate im Durchschnitt unter 50
Rupien festgestellt wird. Im November und im Dezember vergangenen Jahres war dies der Fall gewesen. Zurzeit
pendeln die Titel um 25 Rupien. BII hatte bereits am 21. Dezember eine entsprechende Warnung von der
Börsenaufsicht Jakarta erhalten. boersenmagazin.de bleibt in dem Wert weiterhin investiert und spekuliert darauf,
dass noch vor einem möglichen Ausschluss vom Handel eine Vielzahl von Aktien zu einem Papier (Reverse Split)
zusammengelegt werden. Die Gefahr eines Totalverlustes nehmen wir in Kauf, da der Titel bereits seit Aufnahme in
das Musterdepot zwei Drittel seines Wertes verloren hat. Vor diesem Hintergrund sind die Chancen inzwischen größer
als das Restrisiko einzuschätzen.

[zinnbude]

Leute,

die Regelung der Börse ist unbedeutend, da die Börse diese vorübergehen ausgestzt hat, um ein Delisting von über 100 Gesellschaften zu verhindern.

So wie es aussieht, hat BNII die Gewinnzone in 2000 erreicht. Bei einem Eigenkapital von 25 IDR pro Aktie und rd. 2,5 IDR Gewinn pro Aktie in 2000 (2001: 5 IDR e) scheint die Aktie interessant zu sein.

Zusätlich winken Währungsgewinne, sofern sich die politische Situation etwas stabilisert.

Mein Urteil:
Kaufen!

[Geccoman]

Das hab ich vor 1 1/2 jahren auch gedacht!!!

[Leipniz]

Friday, February 2 8:34 PM SGT

Bank Internasional Indonesia On Dngrade Review - Moody`s
(MORE) Dow Jones Newswires 02-02-01
1234GMT


PRESS RELEASE:Moody`s Dngrade Review On Bk Intl Indonesia

Following is a press release by Moody`s Investors Service:



Singapore, February 02, 2001 -- Moody`s placed the ratings of Bank Internasional Indonesia under review for possible downgrade, following a payment default by Tjiwi Kimia, a related party.

Moody`s said this payment default raises the possibility that other units of the Sinar Mas group, to which Bank Internasional Indonesia has a very large exposure, may be affected, with negative implications for the bank`s asset quality. Moreover, the default creates increased uncertainty over a proposed deal under which the Indonesian Bank Restructuring Agency would either guarantee or assume the bank`s Sinar Mas exposures. This proposed deal has already been the subject of political dispute.

The rating agency said that Bank Internasional Indonesia has an attractive franchise. However lingering excess related-party exposures to the Sinar Mas group, tardy settlement of interbank claims, and its poor and volatile operating environment have seriously compromised the bank`s recovery following its recapitalisation by the government in 1998.

The ratings of Bank Internasional Indonesia were placed under review for possible downgrade, following the failure of Tjiwi Kimia to make a timely coupon payment of approximately US$43 million due 1 February 2001. Tjiwi Kimia is a subsidiary of the heavily indebted Asia Pulp and Paper, a Sinar Mas group company.

The following ratings were affected:

P.T. Bank Internasional Indonesia - The rating of the bank for its long-term deposits of Caa1, and the bank financial strength rating of E+ were placed under review for possible downgrade.

The rating of the bank for its short-term deposits of Not Prime was not affected.

Headquartered in Jakarta, Indonesia, Bank Internasional Indonesia recorded assets of Rp40.2 trillion (approximately US$4 billion) at year-end 1999.

___________________________________
Eine Negativmeldung in einem Meer voller Negativmeldungen.

Die Hoffnung stirbt zuletzt.
Leipniz

[Brokerprofi]

BII - Die unendliche Geschichte

Asia Pulp & Paper bringt jetzt die neuesten Unsicherheiten in den Kurs. Auch hier geht es um MRD US-Dollar, keiner weiß derzeit, wieviel davon für BII unerbringlich ist.

Bis das geklärt ist, bleibt der Kurs nahe der Null-Linie.

Erst wenn die erste Bilanz mit von allen nachvollziehbaren Aktiva und Passiva veröffentlicht wird, kann es wieder nach oben gehen.
Das kann noch dauern. In der Zwischenzeit haben viele 90% und mehr von ihrem ursprünglichen Einsatz verloren.

Immer wieder zeigt sich, dass man in den Kellern der Banken zweifelhafte Kredite, NPL`s und sonstige Leichen ausgezeichnet verstecken kann. Sie werden erst ausgegraben, wenn der Gestank unerträglich geworden ist...

[Watcher100]

@ Brokerprofi

Als Indonesieninvestor, bin ich heute zufällig auf Deinen Thread gestoßen. Den sehr analytischen Bericht von Fnet.de
hat mir sehr gut gefallen.
Sehe auch durchaus Parallelen zu Thailand

So long

WATCHER

[Watcher100]

Nochmal ich

Zu Asia Pulp&Paper war jetzt ein Bericht im deutschen Fernsehen. Demnach wurde eine Fabrik auf Sumatra mit deutschen Hermesbürgschaften gebaut, die jetzt kurz vor dem Konkurs stehen. Die deutschen Steuerzahler dürfen da mal wieder mitbluten.
Abgesehen von den immensen Umweltschäden, die diese Firma auf Sumatra für die Menschen dort hinterlassen haben.
Abholzung des Urwaldes, Verseuchung der Gewässer dort.
Es ist unglaublich, das sowas von deutschen Steuergeldern mitfinanziert wird.

So long

WATCHER

[BXB]

* * * Indonesien-Aktien wieder über XETRA orderbar * * *



Seit einer Woche sind Indonesien-Aktien auch wieder für die einmal am Tage stattfinde Xetra-Auktion zugelassen, das heisst man sie wieder über Xetra (bei Consors Börsenplatz 16) ordern, z.B.

Lippo Bank (895562)
Bank Niaga (893719)
Bank of Indonesia (889036)

Soll nur eine hilfsbereite Information sein.

Euch noch eine erfolgreiche Woche.

[Watcher100]

@ Alle

Hier ein Bericht BII von EMI ( obwohl ich vm EMI nicht soviel halte ). Es gibt Indonesieninvestierten vielleicht bißchen Hoffnung. Ist auch schon 2 Wochen alt.

13.02.2001
Bank Intern. bei IDR 20 zugreifen
Emerging Markets Investor


Am 6. Februar veröffentlichte die Bank Internasional Indonesia (WKN 889036)
einen Ausblick auf ihr Jahresergebnis 2000 und bestätigte damit den vorsichtig
inszenierten Turn-Around nachträglich noch einmal, berichten die Analysten von
„Emerging Markets Investor“.

Im Gesamtjahr seien IDR 283 Mrd. erwirtschaftet worden, was umgerechnet USD
29 Mio. entspreche. Per Ende 1999 sei noch ein Verlust von IDR 2093 Mrd.
ausgewiesen worden. Die Schätzungen für das laufende Jahr würden bei einem
Gewinn von IDR 8,9 pro Aktie liegen. D.h. das Papier werde zu aktuellen Kursen
von IDR 35 nur noch mit einem KGV von 3,9 auf Basis der Gewinn 2001
bewertet. Auf Basis der geschätzten Gewinne für das Jahr 2002 sinke diese
Bewertungsrelation gar auf 2,8.

Jedoch würden die mehr als guten Daten immer noch keine Durchschlagskraft
auf die Kurse entwickeln. Dabei habe es in den letzten Tagen noch weitere
positive Meldungen gegeben. Die Restrukturierungsbehörde IBRA, welche
mittlerweile Mehrheitseigner der Bank sei, habe die Garantie für die Ausleihungen
der Bank Internasional Indonesia an die Sinar Mas Group, die ehemalige
Muttergesellschaft der BII übernommen, was die Bilanz der BII entlaste. Der
CAR-Ratio, die Eigenkapitalunterlegung der hinausgereichten Kredite, steige
durch diese Rückendeckung der IBRA in Richtung 10%. Dies mache deutlich,
dass die IBRA eine Menge tue, um die BII für Investoren wieder salonfähig zu
machen. Allerdings würden die Altlasten der Sinar Mas Gruppe noch etwas im
Wege stehen.

Bis zum Führungswechsel habe die Sinar Mas Group die Geldschöpfung für
verschiedenste Konzerne ihres verschachtelten Imperiums mit Hilfe der BII
betrieben. Auch sei Asia Pulp & Paper ein wichtiger Baustein in einem
wahrhaften Firmenlabyrinth. Die Finanzierung des Unternehmens sei mit Hilfe von
Bonds betrieben worden, die zu erheblichen Teilen nicht einmal ein Rating,
geschweige denn „investment grade“ hätten und somit der Kategorie der Junk
Bonds zuzurechnen seien. Den in New York notierten ADRs drohe die
US-Börsenaufsicht mit dem „Aus“, da die Papiere schon seit über 30 Tagen unter
USD 1 notiert würden.

Zudem habe die Tochter TJIWI KIMIA ihre Schulden nur auf den allerletzten
Drücker bedienen können. Es werde nicht ausgeschlossen, dass TJIWI KIMIA
zum nächsten Koupon- oder Rückzahlungstermin das ganze Kartenhaus Aisa
Pulp & Paper zum Einsturz bringe. Die Analysten seien der Ansicht, dass ein
großer Teil der USD 11 Mrd. die insgesamt an Bonds am Markt ausstehen
würden, durch Umstrukturierungen innerhalb der Gruppe gerettet werden könne.
Für die BII sei aber weiterer Abschreibungsbedarf in bisher nicht zu beziffernden
Umfang nicht mit Sicherheit auszuschließen.

Dringender Handlungsbedarf, die BII-Position jetzt zu verbilligen, bestehe nicht.
Man soll abwarten, bis die Bereitschaft am Markt bestehe, die
Zukunftsperspektiven der Bank zu honorieren. Natürlich seien die Experten
erfreut darüber, dass auf Basis der neuen Zehntel-Cent Notierungen jetzt in
Deutschland wieder Umsätze in BII zustande kommen würden, die den Kursen in
Jakarta ohne nennenswertes Aufgeld entsprechen würden. Zu aktuellen Kursen
umgerechnet müsste die Aktie in Deutschland genau EUR 0,003895 kosten.
Somit beinhalte der Handel zu EUR 0,004 ein Aufgeld von lediglich 2.5%. Sollte
das Papier wegen bevorstehender Turbulenzen um die Asia Pulp & Paper-Gruppe
nochmals unter Abgabedruck geraten, und zu Kursen von IDR 20 zu bekommen
sein, dann seien dies die Kurse, zu denen man bedingungslos zugreifen könne.

So long

WATCHER

[Fleyer]

Weiss jemand warum Indofood so "abnudelt" ? Über 90 % minus an einem Tag !!!

[Brokerprofi]

@Watcher

Hallo Watcher,

hier ein eigentlich positiver Artikel zu BII (Wenn mann davon ausgeht, dass die IBRA alles dafür tut, um die Bank zu retten).

Der folgende Artikel ist ursprünglich bei Zeke http://www.zeke.de/emboerse gepostet worden und von mir hier "reingepastet" worden:

Betreff: MünchnerBöBrief zu BNII, Lippo und BankBali:
Geschrieben von: Shalom am Mittwoch, 28 Februar 2001, um 9:24 p.m.


Der Bankensektor Indonesiens ist in einem ähnlich schlechten Zustand, wie wir es aus Thailand und Japan
gewöhnt sind. Die Banken sind in der Regel unfähig, ihrer Arbeit im normalen Umfang nachzugehen, ob-wohl
Bedarf vorhanden ist, da die Altlasten häufig die Existenz und das Überleben bedrohen. Die ausste-henden
faulen Kredite konzentrieren sich in den meisten Fällen auf wenige überschuldete Konglomerate
und Konzerne.
Was für Südkorea die Hyundai Gruppe und in Thailand die Thai Petrochemical Industries ist, ist für Thai-land (soll wohl Indonesien heißen - Anmerkung von Brokerprofi)
die Wijaya Familie. Sie kontrollieren die Sinar Mas Gruppe, die wiederum eine ganze Gruppe von Un-ternehmen
verwaltet. Die Sinar Mas Gruppe gilt als eines der überschuldetsten Konglomerate Südostasi-ens.
Asia Pulp & Paper ist eines der bekanntesten Unternehmen Sinar Mas, vor allem wegen der hohen
Überschuldung. APP trägt eine Schuldenlast von mehr als 10 Mrd. Dollar und ist zahlungsunwillig, vielleicht
auch zahlungsunfähig.
Die indonesische Regierung versucht, den mühsamen Heilungsprozeß des Finanzsektors zu beschleuni-gen.
Ähnlich dem aktuell in Thailand implementierten Modell, hat man die Indonesian Bank Restructuring
Agency, kurz IBRA, gegründet, um die Sanierung der Schuldenberge unter staatliche Kontrolle zu stellen.
Die IBRA kaufte also den Banken ihre Schulden ab, vergrößerte so ihren Handlungsspielraum und verhan-delt
selbst mit den Schuldnern. In der Regel übernimmt die IBRA im Gegenzug Anteile an den unterstützten
Unternehmen. Allein in die Bank Internasional Indonesia investierte die IBRA mehr als 1 Mrd. Dollar.

Bank Internasional Indonesia (IJ) WKN 889 036 Halten
Die Bank Internasional Indonesia ist völlig abhängig vom Willen der Wijaya Familie. Die Sinar Mas Grup-pe
zeichnet für 60 % der ausstehenden Kredite der BII verantwortlich. Und sie ist nicht gewillt, zu zahlen.
Die Verhandlungen über Rückzahlungen und Stundungen ziehen sich bereits eine geraume Zeit hin. Aktu-ell
drehen sich die Verhandlungen um eine Rückzahlung in Höhe von 1,25 Mrd. Dollar. Sinar Mas will 35 %
der Summe über die nächsten zwei Jahre tilgen, ab September 2001 gerechnet, und den Rest im Jahr
2003. Ob die Wijaya Familie wirklich zahlt oder nur zum Schein verhandelt, ist unsicher. Sicher ist, daß die
Regierung Sinar Mas mit Glacé-Handschuhen anfaßt, anstatt die „Eiterblase“ endlich aufzustechen.
Das operative Geschäft von BII entwickelt sich sehr positiv. Klammert man die Probleme mit Sinar Mas
aus, hat das Management in den letzten zwei Jahren gute Arbeit geleistet. Das geschätzte Kurs/Gewinn-Verhältnis
für 2001 liegt bei 5, während die Bank in den letzten fünf Jahren im Schnitt um 30 % wachsen
konnte. Auch die Bewertung am Aktienmarkt ist sehr preiswert. Die Aktie notiert knapp über ihrem Buch-wert.
Die Bewertung nahe dem vorhandenen Eigenkapital repräsentiert das hohe Risiko, daß Sinar Mas
seine Schulden nie zurückzahlt. Ohne staatliche oder private Unterstützung wäre die BII dann insolvent.
Wer darauf setzen möchte, daß die Asiaten nicht ihr Gesicht verlieren wollen und Probleme wie Sinar Mas
aussitzen, kann eine spekulative Position eingehen. Wenn zum Beispiel mit staatlicher Hilfe die BII die fau-le
Sinar Mas loswird, wird der Kurs ohne Zweifel explodieren. Aber nur wenn.

Grüße
Brokerprofi

[nick27]

na vieleicht verlassen wir das tal de tränen ja mal wieder und
sehen kurse auch über 0,02€ wieder , bloß wann ist die Frage ???

[sarotto]

Ich beobachte seit längerer Zeit die Aktie. Gibt es überhaupt noch Kurse und Umsätze??? In frankfurt seit längerem 0,00 euro jedenfalls laut Angaben comdirect. Hat irgendjemand in letzter Zeit zu welchem Kurs auch immer geordert und Aktien bekommen?
Bedanke mich vorab für eine Antwort.
Grüße

[Insulaner]

Hallo,
Ich habe in letzter keine Aktien gehandelt. Ich besitze Aktien von bii und deswegen schaue ich ab und zu mal auf der Kursleiste bei wallstrett online. Und da gibt es auf Xetra Umsätze zu o,o1 Euro. Auf Viedeotext NTV Tafel 252 ist ein Kurs von 0,002 Euro.
Ich denke bii muß man liegen lassen und abwarten.
Laut Börse Online macht bii wieder Gewinne. Nur keiner reagiert.
Alles Gute
Insulaner

[suharto]

Bei BII besteht die Gefahr,dass sie Ende des Jahres vom Kurszettel verschwinden. Die Bank erstickt an ihren faulen Krediten. Die Gewinne laut Börse-Online bezweifle ich.

[Watcher100]

Hallo Brokerprofi

Durchaus positiver Bericht Über BII.
Insbesondere die Problematik der Abhängigkeit der Banken
von Konklomeraten,die nicht zuletzt auch von politisch einflußreichen Familien geführt werden.
Oder die eben durch die vorherigen Regime begünstigt wurden
und so ihr Firmenimperium aufbauen konnten.

Gehörte die Wijaya - Familie auch mit zur Golcka-Partei?

Meine Bedenken zu Indonesien sind, daß der alte kranke
Wahid nicht die Kraft hat und den Rückhalt erfährt, um die
vielfältigen wirtschaftlichen und ethnischen Probleme des
Landes zu lösen.
In dieser Hinsicht ist Thailand einen großen Schritt weiter.
Auch bestehen dort eigentlich keine ethnischen Probleme.
Und Du siehst, trotzdem wird Thailand noch von ausländischen Anlegern weitesgehend gemieden.

Eher werden die Anleger nach Thailand zurückkehren als nach Indonesien.

Der beste Weg für Indo, wäre eine neue Regierung mit einem großen Rückhalt in der Bevölckerung.

So long

WATCHER

[Watcher100]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Brokerprofi]

@Watcher

Als Wahid Präsident wurde, dachte ich zuerst, er wäre ein Glücksfall für Indonesien. Nach und nach stellte sich heraus, dass er wahrscheinlich ebenfalls in hohem Maße korrupt ist und an der Macht klebt, wie viele seiner Vorgänger. Außerdem duldet er die Religionskämpfe zwischen Moslems und Christen auf Papua-Neuguinea auf nicht hinnehmbare Weise. Viele denken sogar, das er oder einige seiner Regierungsmitglieder die Kämpfe in einigen Fällen provozieren. Ein Ende dieses Konflikts ist glaube ich nicht abzusehen. Aller Erfahrung nach kann soetwas Jahrzehnte überdauern - Wenn es überhaupt zu einer Lösung kommt.

Aus dieser Richtung kommt keine Unterstüzung für BII.

Ob die IBRA bereit oder in der Lage ist, die Außenstände der Sinar Mas Gruppe zu übernehmen und so BII noch einmal zu retten kann im Moment wahrscheinlich niemand sagen (Ich glaube, selbst wenn sie wollten, können sie es nicht).

Hier kommt wohl auch keine Unterstützung für den Kurs.

Diese Aktien schleppen wir wohl die nächsten 10 - 20 Jahre mit, bis sich herausstellt, ob es doch nur Klopapier ist.

Mit einer Erholung des Kurses rechne ich jedenfalls nicht.

Gruß
brokerprofi

[Brokerprofi]

Offensichtlich hat die IBRA doch die Garantien für BII`s Außenstände, die durch die Sinar Mas Group verursacht wurden, übernommen. Damit ist die Aussicht doch nicht so schwarz, wie angenommen. Offensichtlich liegt dem Staat (der IBRA) sehr viel am Überleben dieser Bank. Wer Geduld hat, warten kann, wird hier vielleicht sogar noch Geld herausziehen (Auch wenn es vielleicht ausichtsreichere Investmenst gibt)

Gruß
brokerprofi


Wednesday, May 9 9:45 AM SGT

INDONESIA PRESS: IBRA Guarantees BII Loans To Sinar Mas
JAKARTA (Dow Jones)--The Indonesian Bank Restructuring Agency has issued a formal letter of guarantee on PT Bank Internasional Indonesia`s (P.BII) $1.3 billion in loans to the Sinar Mas Group, the daily Koran Tempo quoted BII spokesman Yan Partawijaya as saying.
IBRA said earlier this year it would guarantee the debts to save BII`s capital.

Newspaper Web site: http://www.korantempo.com -0- 09/05/01 01-45G

[broker*709]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Watcher100]

@ Brokerprofi

Meine Meinung ist, daß Wahid nicht der richtige Mann füt Indonesien ist. Er ist zu alt und verfügt nicht über die
richtigen Integrationsmechanismen.

INDONESIA`s fragile democracy continues to be put to the test, as secessionist groups throughout the archipelago maintain their calls for independence. The changes to Indonesia`s political landscape has also created a breakdown of central control by the military.

Embattled President, Abdurrahman Wahid has been censured by his parliamentary colleagues over allegations implicating him in two financial scandals.

The students who helped to oust President Suharto are again returning to the streets to protest against corruption. The complex matrix of Indonesian politics threatens to unravel as the countries first democratically elected leader faces an uncertain future.

"The political process in this country has turned into an open war, and there has to be a winner and a loser." -- Arbi Sanit, Political Analyst
CNN

So long

WATCHER

[Brokerprofi]

Ich halte nichts von einer Übernahme von bii durch Bank Mandiri. Mandiri würde mit den Problemen von bii nicht zu Rande kommen. Weitere Zahlungen seitens IBRA oder der Bankrott von dann vielleicht beider Banken wären die unausweichliche Folge.
Mit der Übernahme wären die Probleme nur aufgeschoben.
Besser wäre es, wenn IBRA ihre Ankündigung wahr machen würde, die 1,3 mrd USD Schulden aus den Verbindlichkeiten von Sinar MAS übernehmen bzw durch Fond abdecken würde. BII könnte unabhängig bleiben und ihre im Grunde erfolgreiche Geschäftspolitik weiterverfolgen.

gruß
brokerprofi

[SunInvestor]

@Brokerprofi zustimm

Die Bank hat als einziges Problem die Altlasten... Wenn die weg
wären, könnte sich BII gesund entwickeln mit ansehnlichen Gewinnen.
BII ist sogar früher die profitabelste Bank des Landes gewesen.
Die ganzen Gewinne zur Zeit werden von den Zinsen der Altlasten
aufgefressen. Der Gewinn vom letzten Jahre hätte ohne Altlasten
drei bis viermal so hoch ausfallen können. Was das für einen
Kurs der Aktie bedeuten würde, kann sich jeder selber denken.
Und durch das ewige Aufschieben wird der Berg nicht kleiner. Die
hätten das Problem schon vor zwei Jahren lösen sollen. Es ist
sicher nicht kleiner geworden inzwischen.

SunInvestor

[Brokerprofi]

@suninvestor

du hast absolut Recht, ich stimme Dir voll und ganz zu...

gruß

brokerprofi

[SunInvestor]

Nach neuesten Meldungen soll BII jetzt definitiv von Mandiri
übernommen werden. Im Kurs hat sich dennoch nichts getan bis
jetzt. Eigentlich verwunderlich bei einer derartigen Meldung.
Hätte entweder mit einem Steigen oder auch Abstürzen des Kurses
gerechnet. Das kann doch eigentlich nur heißen, daß sich an der
aktuellen Situation von BII gar nichts ändert?! Denn so
eingeschlafen kann der Kurs ja nun auch nicht sein, daß er auf
sowas nicht reagiert.
Bin dennoch pessimistisch eingestellt, was die Übernahme betrifft.
Aber vielleicht werde ich ja eines besseren belehrt.

Ein SunInvestor, der auf die Dinge wartet, die da kommen.

[Brokerprofi]

Der Kurs von bii hängt jetzt wohl hauptsächlich von den Konditionen für die Übernahme ab, sprich: welchen Preis pro Aktie wird Bank Mandiri zahlen, wird der Preis durch Aktientausch (wenn ja, mit welchen Umtauschverhältnis)oder mit cash bezahlt? (Nebenbei: Ich weiß nicht einmal ob Bank
Mandiri an der JSX notiert ist).

Das der Kurs von bii jetzt eher nach unten tendiert hat erstmal nur zu bedeuten, dass die Anleger nicht mit fairen Übernahmekonditionen rechnen bzw. befürchten, über den Tisch gezogen zu werden. (Ich teile diese Befürchtung).
Wie immer gilt aber: Könnte auch anders kommen.


Hier jedenfalls der Link von Bank Mandiri:

http://www.bankmandiri.co.id/

gruß
brokerprofi

[sksk]

Aus welchen Quellen bezieht Ihr eigentlich Eure Informationen zur Uebernahme? Ich habe bisher im Netz nnichts brauchbares gefunden.

[go2dive]

z.B.
http://www.thejakartapost.com/headlines.asp

Bank Mandiri to take over publicly listed BII


JAKARTA (JP): The country`s largest bank, state-owned Bank Mandiri, will take over publicly listed PT Bank Internasional Indonesia (BII), in what could be the government`s last bid to rescue BII from the burden of its massive nonperforming loans.

Finance minister Rizal Ramli on Monday called the acquisition a positive step toward consolidating the banking sector.

"The government guarantees and supports this acquisition," said Rizal at a press meeting late on Monday.

Acquiring BII would broaden Bank Mandiri`s access to the retail market, said Bank Mandiri president E.C.W. Neloe.

Bank Mandiri, itself the result of a merger between four state banks, has been unable to gain a strong foothold in the retail market following its inception in 1999.

Neloe expected the acquisition to be finalized by September at the latest.

Many see the acquisition as a scheme to bail out the financially troubled BII without the necessity of going through a second recapitalization program.

BII, plagued with large nonperforming loans, is feared to be unable to meet the minimum capital adequacy ratio (CAR) requirement of eight percent this year.

To raise its CAR level, BII must either inject more capital or reduce the amount of nonperforming loans.

BII`s biggest woes stem from massive nonperforming loans extended to the affiliated Sinar Mas Group, the bank`s former majority owners. These loans, amounting to US$1.3 billion, account for about half of the bank`s total loans.

Now the bank faces problems in recouping the loans from the debt-ridden Sinar Mas group, thereby threatening to further lower its CAR level.

It`s current CAR level stands at around nine percent and is likely to fall under the minimum eight percent should Sinar Mas default.

The government, via the Indonesian Bank Restructuring Agency (IBRA), has issued a blanket guarantee to cover any shortfall in debt payments by Sinar Mas to BII.

Sinar Mas` Singapore-based Asia Pulp & Paper (APP) has imposed a moratorium on its debt payments worth $13 billion to foreign and local creditors.

Rizal said that under the acquisition plan, the government would take over Sinar Mas loans from BII`s balance sheet, and replace them with government bonds plus restructured loans from IBRA.

The bonds to be injected are excess recapitalization bonds, called recycle bonds, owned by local banks.

Rizal said the usage of the recycle bonds had been approved by the House of Representatives` budget committee.

"Providing the usage of the recycle bonds remains within the parameters of the state budget, meaning it should not burden the budget," he explained.

Since recycle bonds are part of recapitalization bonds, the current state budget already includes the cost of servicing their interest payments.

Legislators have declined to approve more recapitalization bonds for undercapitalized banks, facing the government with the difficult option of liquidating those banks.

Liquidation, however, is the least-favored option, as it could lead to the collapse of other healthy banks.

So far, Rizal has rejected the notion that the acquisition of BII was aimed at bailing out the bank, but officials at his ministry suggested otherwise.

"We are committed to returning BII to financial health," said IBRA chairman I Putu Gede Ary Suta.

Moreover, the acquisition of BII by Bank Mandiri may also be a way out for IBRA to avoid executing the blanket guarantee, since under the acquisition plan the agency would take over Sinar Mas loans.

"We will take over the Sinar Mas loans, and the restructuring work will be an issue between IBRA and the Sinar Mas Group," he said.

But he fell short of explaining whether after the acquisition, the blanket guarantee for the Sinar Mas debts would remain in effect.

IBRA`s blanket guarantee will almost certainly force the agency to repay to BII the debts on which APP has imposed a moratorium.

Sinar Mas did surrender collateral to IBRA amounting to some 145 percent of the $1.3 billion it owes to BII. But selling the assets may take too long.

According to IBRA deputy chairman Felia Salim, APP has already missed out on a payment due on June 30 to BII. (bkm)

[broker*709]

Es macht sich bemerkbar, dass Rizal Ramli am Ruder ist.
Endlich werden Massnahmen ergriffen, ob sie auch unsere INDO-BANKEN zur Kenntnis nehmen, muss sich noch zeigen.

Will die Info auch noch reinstellen.

Bank Mandiri to take over publicly listed BII


JAKARTA (JP): The country`s largest bank, state-owned Bank Mandiri, will take over publicly listed PT Bank Internasional Indonesia (BII), in what could be the government`s last bid to rescue BII from the burden of its massive nonperforming loans.

Finance minister Rizal Ramli on Monday called the acquisition a positive step toward consolidating the banking sector.

"The government guarantees and supports this acquisition," said Rizal at a press meeting late on Monday.

Acquiring BII would broaden Bank Mandiri`s access to the retail market, said Bank Mandiri president E.C.W. Neloe.

Bank Mandiri, itself the result of a merger between four state banks, has been unable to gain a strong foothold in the retail market following its inception in 1999.

Neloe expected the acquisition to be finalized by September at the latest.

Many see the acquisition as a scheme to bail out the financially troubled BII without the necessity of going through a second recapitalization program.

BII, plagued with large nonperforming loans, is feared to be unable to meet the minimum capital adequacy ratio (CAR) requirement of eight percent this year.

To raise its CAR level, BII must either inject more capital or reduce the amount of nonperforming loans.

BII`s biggest woes stem from massive nonperforming loans extended to the affiliated Sinar Mas Group, the bank`s former majority owners. These loans, amounting to US$1.3 billion, account for about half of the bank`s total loans.

Now the bank faces problems in recouping the loans from the debt-ridden Sinar Mas group, thereby threatening to further lower its CAR level.

It`s current CAR level stands at around nine percent and is likely to fall under the minimum eight percent should Sinar Mas default.

The government, via the Indonesian Bank Restructuring Agency (IBRA), has issued a blanket guarantee to cover any shortfall in debt payments by Sinar Mas to BII.

Sinar Mas` Singapore-based Asia Pulp & Paper (APP) has imposed a moratorium on its debt payments worth $13 billion to foreign and local creditors.

Rizal said that under the acquisition plan, the government would take over Sinar Mas loans from BII`s balance sheet, and replace them with government bonds plus restructured loans from IBRA.

The bonds to be injected are excess recapitalization bonds, called recycle bonds, owned by local banks.

Rizal said the usage of the recycle bonds had been approved by the House of Representatives` budget committee.

"Providing the usage of the recycle bonds remains within the parameters of the state budget, meaning it should not burden the budget," he explained.

Since recycle bonds are part of recapitalization bonds, the current state budget already includes the cost of servicing their interest payments.

Legislators have declined to approve more recapitalization bonds for undercapitalized banks, facing the government with the difficult option of liquidating those banks.

Liquidation, however, is the least-favored option, as it could lead to the collapse of other healthy banks.

So far, Rizal has rejected the notion that the acquisition of BII was aimed at bailing out the bank, but officials at his ministry suggested otherwise.

"We are committed to returning BII to financial health," said IBRA chairman I Putu Gede Ary Suta.

Moreover, the acquisition of BII by Bank Mandiri may also be a way out for IBRA to avoid executing the blanket guarantee, since under the acquisition plan the agency would take over Sinar Mas loans.

"We will take over the Sinar Mas loans, and the restructuring work will be an issue between IBRA and the Sinar Mas Group," he said.

But he fell short of explaining whether after the acquisition, the blanket guarantee for the Sinar Mas debts would remain in effect.

IBRA`s blanket guarantee will almost certainly force the agency to repay to BII the debts on which APP has imposed a moratorium.

Sinar Mas did surrender collateral to IBRA amounting to some 145 percent of the $1.3 billion it owes to BII. But selling the assets may take too long.

According to IBRA deputy chairman Felia Salim, APP has already missed out on a payment due on June 30 to BII. (bkm)

[Brokerprofi]

Im Grunde halte ich das Projekt Bank internatl Indonesia jetzt für beendet.

Realistisch betrachtet wird es einen Aktientausch definitiv nicht geben. Das bedeutet Mandiri wird die Aktionäre pro Aktie den aktuellen Kurswert anbieten, wahrscheinlich sogar mit einen Abschlag von ein paar Prozent. Dann bleibt nur noch in den sauren Apfel zu beissen und die Kohle anzunehmen.

Was das für die bedeutet, die für bii zwischen 125 und 250 IDR hingelegt haben, dürfte klar sein. Sie bekommen noch zwischen 15 und 25 IDR pro Aktie und sind um viel Geld ärmer, aber um eine Erfahrung reicher. (just look in the sun and be happy - Das werde ich jetzt auch tun...)

gruß

brokerprofi

[Watcher100]

@ Brokerprofi

Habe längere Zeit Indonesien und Deinen Thread nicht mehr
im Blickfeld. Was geht denn da ab bei BII ???
Das kann doch wohl nicht wahr sein, das BII für 15 - 25 IDR
verhökert wird.
Weißt du da was genaueres ?

So long

WATCHER

[Watcher100]

@ Alle

Indonesia Bank Mandiri`s BII takeover deal awaits due procedure
3-Jul-2001, 4:49:03 GMT



By Sonia Kolesnikov
Singapore, July 3 (BridgeNews) - The potential acquisition of Bank
International Indonesia (BII) by Bank Mandiri remains subject to a number of
procedures, including a satisfactory due diligence process, for which Bank
Mandiri has appointed Deutsche Bank as financial advisor, Bank Mandiri said.
* * *
On Monday, Bank Mandiri, the largest Indonesian bank, announced it was
planning to acquire BII.
BII has a strong presence in the retail and consumer banking sector. "The
potential synergies with our extensive branch network and a sizeable balance
sheet are compelling and would help us achieve our goal of becoming a full
universal bank," said Bank Mandiri President Director and CEO E.C.W. Neloe in a
press statement.
Meanwhile, BII welcomed the acquisition saying that it would provide Bank
Mandiri`s management and advisors with every possible assistance to ensure the
process is completed quickly.
Bank Mandiri had assets of 260 trillion rupiah ($25.026 billion) as of
March 31, 2001 representing 25.2% of the total assets of the banking system.
The bank reported a net profit for the year 2000, its first full year of
operation of 2.022 trillion rupiah ($210.74 million). Bank Mandiri came about
following the merger of four of Indonesia`s largest banks.
BII had assets of 37.4 trillion rupiah ($3.4 billion) as of March 31, 2001
representing 25.2% of total assets of the banking system.
The proposed acquisition was welcomed by the Ministry of Finance, the
central bank and the Indonesia Bank Restructuring Agency.
The central bank said that the transaction would "further strengthen the
banking system."
"In our regulatory and supervisory capacity, we will provide the fullest
possible support for the proposed transaction. We hope for a swift and
successful outcome," said Anwat Nasution, Senior Deputy Governor of Bank
Indonesia.
BII indicated that it would work with IBRA to address the issue of its
loans to the Sinar Mas Group. BII is currently a unit of the heavily indebted
Sinar Mas Group, which in March this year declared a $13 billion debt
moratorium to local and foreign creditors. Sinar Mas owes BII more than 13
trillion rupiah.
"The government`s blanket guarantee of depositors and third parties, as
well as the guarantee of the liabilities of the Sinar Mas Group towards BII
will continue in effect," BII said.
"The involvement of Bank Mandiri paves the way for a solution that is the
best from everyone`s point of view," IBRA Chairman I Putu Gede Ary Suta said.
End

Copyright 2001 Bridge Information Systems Inc. All rights reserved.

So long

WATCHER

[farang777]

@all

sollte mir nichts entgangen sein, so steht nicht fest, ob mandiri nur die ibra anteile oder auch den free float übernehmen möchte. letzteres wäre nicht sinnvoll, da die ibra-anteile ja schon die bestimmung der geschäftsführung der bii ermöglichen. wozu dann noch mehr geld dafür aufwenden? so könnte das hoffen um den bii-zock als minderheitsaktionäre doch noch in eine weitere runde gehen.

gruß
farang

[go2dive]

.. warum sollten sie auch auf ein delisting aus sein?
wenn die Umschuldung durch IBRA durchgezogen wird,
dann koennen sie spaeter mit den Aktien die sie jetzt
(vermutlich) billiger von IBRA bekommen viel Geld verdienen,
... und wir ggf. auch.
Ein hohes Restrisiko bleibt natuerlich!

ciao go2dive

[Brokerprofi]

@watcher

Watcher, du hast es ja bereits reingestellt. Mandiri will bii übernehmen. Bei einem Kauf wird üblicherweise der aktuelle Kuswert zu einem Fixtermin gezahlt und der schwankt gerade so um die 25 IDR.

@farang

Der Kauf des free floats hängt hauptsächlich von der strategischen Entscheidung ab, ob Mandiri bii als Affiliate mit eigener Rechtspersönlichkeit weiter bestehen lassen will, oder ob sie bii in das Mutterunternehmen eingliedern und als eigenständige Bank sterben lassen will

[Watcher100]

@ Brokerprofi

Jakarta (Reuters) - Der innenpolitisch angeschlagene indonesische Präsident Abdurrahman Wahid hat am Donnerstag die Verhaftung des Polizeichefs angeordnet, weil dieser sich seiner Absetzung widersetzt habe. Ein Sprecher Wahids sagte in Jakarta, Wahid habe den Ministern und der Polizeiführung angeordnet, entschlossene Maßnahmen zu ergreifen, um die Ausbreitung der Gehorsamsverweigerung zu vermeiden. Polizeichef General Bimantoro hatte sich geweigert, der Rücktrittsforderung Wahids zu folgen. Bimantoro hatte dies damit begründet, dass seine Absetzung nur mit Zustimmung des Parlaments möglich sei. Die Kammer hatte sich in dem Machtkampf für Bimantoro ausgesprochen.

Wahid kämpft seit Monaten politisch ums Überleben und muss sich im August in der Beratenden Volksversammlung einem Amtsenthebungsverfahren stellen. Es wird damit gerechnet, dass Wahid dabei sein Amt verliert. Dem Präsidenten wird vorgeworfen, in Finanz- und Korruptionsaffären verwickelt zu sein. Wahid hat mehrfach gedroht, den Notstand auszurufen und das Parlament aufzulösen.

kae

So long

WATCHER

[broker*709]

Da steigt der Gesamtmarkt und unsere BNII kackt schon wieder auf 20 Ruphia ab :-( grrrrrr !



Markets & Quotes
JSX Indices
Last Update: July 13, 2001 2:08:29 PM
Sector Last Chg %Chg
COMPOSITE 445.26 3.8 0.86 %
AGRI 199.32 13.7 7.38 %
BASIC-IND 50.67 0.37 0.73 %
CONSUMER 155.95 0.29 0.19 %
FINANCE 35.79 0.24 0.68 %
INFRASTR 118.56 3.12 2.7 %
LQ45 91.7 1.43 1.58 %
MANUFTR 104.07 0.46 0.44 %
MINING 133.56 4.88 3.8 %
MISC-IND 85.65 0.79 0.93 %
PROPERTY 25.53 0.02 0.1 %
TRADE 127.76 -0.55 -0.43 %
JII 68.97 0.45 0.65 %

[em.]

Man muß glaube ich kein Börsenprofi sein um zu merken, daß wir da alle schön über den tisch gezogen werden. Mal schaun wie die nächste Abzocke (Übernahme) für uns bereit hält.
Die Haffas dieser Welt könnten noch in Indonesien in die Lehre gehen. Bin gespannt wann das Gejammere los geht, daß keiner in Ihrem Land investieren will? Aber was solls, wenn nicht wird eben der IWF weiter angebetelt.

[broker*709]

Habt ihr auch gerade das Mail von BNII bekommen ?

Das einzige was bei denen funktioniert, ist anscheinend das Gewinnspiel !

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Keuntungan Lain :
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Untuk Keterangan selanjutnya hubungi layanan 24 jam Customer Service BII di Jakarta [phone], Medan [phone]*, Bandung [phone], Surabaya [phone]

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**********************************************************************************************************

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Grab The World, around the world from BII Credit Card. Now is The Japanese Festive, you can win the prizes :

1st prizes : 2 Honda Odyssey
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It`s simple, every transaction of Rp. 100.000,- using BII Credit Card, also maintain RKK (Rekening Kartu Kredit) average balance of Rp. 100.000,- or US$ 10 and it`s accumulation will receive
1 point.

OTHER BENEFITS :

§ Every transaction using the chip technology BII credit card receives Bonus Rupiah of up to 5% that you can spend again for shopping!
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Hurry and immediately get your own BII Credit Card to receive a direct gift of BII Scratch & Win program and receive up to 20 bonus points of BII Grab The World.

For further information contact our 24 hour BII Customer Service in Jakarta at [phone], Medan [phone]*, Bandung [phone], Surabaya [phone].

* Office hours only

[broker*709]

Wenn nur irgendetwas passiert !

Jakarta ,July 14(Reuters)- Indonesias central bank transferred troubled BII to the countrys bank restructuring agency ( IBRA) giving it the status of bank under reinstatement effective from July 13. The transfer of BII from Bank Indonesia to IBRA is a follow up action to restore BII through the acguisition by Bank Mandiri as announced previously, a joint statement from the central bank and IBRA late on Friday said. Earlier this month,Indonesia said the countrys largest bank, state-run Bank Mandiri, would acguire BII to help keep the latter afloat amid concerns that the Sinar Mas Group-BII;s founder-would fail to pay some $65 million in interest that was due on June 30.Some of those fears were realised late last month when Sinar Mas said it would only pay part of the interest. Sinar Mas owed $1,3 billion to BII and IBRA agreed to guarantee the debt under a complex restructuring scheme reached with the group earlier this year. In return the group pledged fixed assets to the agency worth at least 145 percent of its BII debts. AS part of the acguisition, IBRA had said it would also take over the $1.3 billion debt owed by the Sinar Mas Group and replace them with recycled bonds.Fridays statement said the transfer would allow IBRA to take over the Sinar Mas Loan from BII;s books in accordance with administrative procedures and to restructure it outside of the bank.Analysts had expressed concern the loan would continue to haunt BII if the bank kept it on its book.The statement also said the acguisition by Mandiri would not affect the existence of BII because the acguiring bank would only become one of the shareholders.With the acguisition,BII will become a subsidiary of Bank Mandiri, it said.

[go2dive]

.. na immerhin:
would not affect the existence of BII

Sollten sie dabei wirklich die Aktionäre uebern Tisch
ziehen, dann werden sich viele Investoren zweimal
ueberlegen, ob sie wirklich in Indonesien investieren
wollen... das weiss der IWF auch!

[SunInvestor]

The statement also said the acguisition by Mandiri would not affect the existence of BII
because the acguiring bank would only become one of the shareholders.

Man beachte diesen Satz besonders! Sieht so aus, als bliebe BII also selbst an der Börse notiert. Also
kein Aktientausch.

[farang777]

dass bii noch `floaten` soll, ist doch schon gemachte sache.

was wesentlich wichtiger ist für die erfolgschancen des bii-zocks ist die frage, was mit den sinar-mas-krediten passiert.

1. werden nun endlich mal die fälligen zinsen gezahlt?
2. wird die ibra die kredite vielleicht rausschneiden, wie es zuletzt angekündigt wurde?

zu 2. siehe die quelle unter www.emforum.de auf dem tiger-forum. das steht in einem betrag von thiago mit kommentar von mir.

gruß
farang

[go2dive]

http://www.zeke.de/emboerse/

[broker*709]

Habe heute eine Mail von BNII bekommen!


Wer kann sowas lesen ;-)

SIARAN PERS BPPN BERSAMA BI DUKUNG UPAYA PENYEHATAN BII

Sebagai tindak lanjut dari Siaran Pers BII pada tanggal 2 Juli 2001, Bank Indonesia bersama BPPN, dalam rangka memperlancar proses akuisisi BII oleh Bank Mandiri, telah mengambil langkah-langkah sebagai berikut:
Terhitung mulai tanggal 13 Juli 2001, BII telah ditetapkan sebagai Bank Dalam Penyehatan, dan berarti proses penyehatan terhadap BII selanjutnya akan dilakukan oleh BPPN.
Untuk itu BPPN telah menunjuk Tim Pengelola dan Tim Pengawas untuk mendukung BPPN dalam proses penyehatan BII serta menjalankan operasional BII sehari-hari dan mempersiapkan rencana pelaksanaan akuisisi tersebut.
Adapun susunan dari Tim Pengelola dan Tim Pengawas adalah:

Tim Pengelola
Cholil Hasan (Koordinator)
Sasmita (Anggota)
Halim Susanto (Anggota)
Fransiska Oei (Anggota)
Rudy N. Hamdani (Anggota)
Gunawan Setiawan (Anggota)

Tim Pengawas
Rusli Prakarsa (Koordinator)
Keat Lee (Anggota)
Hiroshi Tadano (Anggota)
Anthony Elam (Anggota)

Operasional BII akan tetap berjalan normal seperti biasa.
Tim Pengelola dan Tim Pengawas akan bekerja dengan penuh komitmen untuk meningkatkan pelayanan yang lebih baik lagi kepada seluruh nasabah.
Jaminan Pemerintah atas Dana Pihak Ketiga di BII tetap efektif pelaksanaannya sehingga dana para nasabah BII tetap aman dan terjamin.
13 Juli 2001

Tim Pengelola
Tim Pengawas

[broker*709]

Das war`s ! :-(((((

BII plans rights issue for acquisition

--------------------------------------------------------------------------------
JAKARTA, July 16 (Reuters) - Indonesia`s troubled Bank Internasional Indonesia (BII) said on Monday its acquisition by the country`s largest bank, state-run Bank Mandiri, would be done through a rights issue after due diligence is completed. "BII will have a rights issue after the due diligence. Whether Bank Mandiri will take them all by cash or shares will be Bank Mandiri`s decision," Cholil Hasan, a management team coordinator with BII, told reporters. Earlier this month, Indonesia said Bank Mandiri would acquire BII to help the latter stay afloat amid concerns its founder, the Sinar Mas Group, would fail to pay some $65 million in interest that was due on June 30. Effective from July 13, the Indonesian Bank Restructuring Agency (IBRA) took over BII, giving it a status of `bank under rehabilitation`, and also appointed a management team to take over the operation of the bank. The acquisition was subject to a due diligence which was expected to be completed in two months. Mandiri had appointed an auditor which started the due diligence on Monday. BII also said existing shareholders would be diluted as a result of the acquisition. Sinar Mas owed $1.3 billion to BII and IBRA agreed to guarantee the debt under a complex restructuring scheme reached with the group earlier this year. In return, the indebted group pledged fixed assets to the agency worth at least 145 percent of its BII debts. Under the acquisition plan, the agency would also take over Sinar Mas` loans and restructure them outside the bank. Analysts were concerned that the loans would continue to haunt BII if kept on its book. BII also said that its capital adequacy ratio (CAR) until June was nine percent if it included deferred tax, otherwise it would be less than four percent. Indonesian banks are required to reach an eight percent CAR by end of this year. BII ended down five rupiah at 20 rupiah at the end of morning trading session on Monday. ((Lily Kurniawati, Jakarta newsroom [phone], Fax [phone], [e-mail]))

[Brokerprofi]

@broker*709

Na ja, was heißt schon das wars? Optimistisch (bitte nicht falsch verstehen) stimmt mich der Satz: "BII also said existing shareholders would be diluted as a result of the acquisition".

Dies deutet zumindest darauf hin, das bii letztendlich an der JSX notiert bleibt.

Etwas dilution in einem Keller, der unter Wasser steht? Who cares ?

bii bleibt möglicherweise als Affiliate/Subsidiary von mandiri an der JSX notiert, somit bleibt sie ein Thema und rehabilitiert sich möglicherweise schneller (als innerhalb der nächsten 10 Jahre) als viele denken...

gruß

brokerprofi

[go2dive]

`BII acquisition precludes SMG loans`

JAKARTA (Bisnis): The settlement of loans of the Sinar Mas Group would be the first
priority of Bank Mandiri once it acquires BII.
"The acquisition does not mean that we take over SMG`s loans. But we will settle the
bad loans to clean up BII`s balance sheet," BII`s senior officer Cholil Hasan told
Bisnis here yesterday.

The size of the loans transferred depends on the result of the due diligence by IBRA.

"IBRA would not automatically accept the SMG loans. The loans are so far still with
BII," he said.

Cholil said it has not been decided whether the acquisition of BII by Bank Mandiri
involves cash payment, government equity or a rights issue.

"It all depends on the due diligence that would take two months."

He said SMG owes BII US$1,249 billion which would be swapped with recycle bonds.

On deferred tax, said Cholil, the matter is subject to BI approval, as it could bring
down the CAR of BII to 4% (it is now 9%).

A BII senior official Fransiska Oei said that accounting standards [PSAK 46] allow
deferred tax to be considered capital.

"BI, however, does not allow that," he said.

Earlier, Bank Indonesia senior official Siti Ch. Fadjrijah said BII has three
problems, namely interbank claims worth Rp300 billion, deferred tax and SMG-related
loans.

"SMG`s loans are guaranteed by the government. But BII is vulnerable to rumors linked
to the group. The salvage mission attempts to isolate BII from SMG loans," he said.

Cholil added that if Bank Mandiri failed to acquire BII, IBRA would continue to save
BII.

"BII has already an alternative if Bank Mandiri decides not to come in."

Bank Mandiri CEO E.C.W Neloe asserted that the acquisition of BII precludes loans to
SMG.

"We only wish to acquire BII, not loans of SMG. SMG loans in BII should already have
been transferred last week as the bank has acquired the status of BDP (a bank that is
being nursed back to health)," he told Bisnis yesterday. (yn)

Quelle: http://www.bisnis.com/

[Daggelbert]

Könnte denn bitte jemand den Inhalt dieser Nachricht mal grob wiedergeben?
Syahril Sabirin: Intervention rates likely to increase
Tuesday, July/17/2001 14:35:32 GMT+7.

Jakarta (IndoExchange) - Bank Indonesia Governor Syahril Sabirin said rupiah intervention rates would likely to increase if base money failed to reach the target.
“So far, Bank Indonesia would still use interest rate as means to reach base money target as approved by the International Monetary Fund (IMF),” Syahril said here, today.

Last Monday (July 16), Bank Indonesia, once again, raised intervention rate for overnight, 2 to 6 days and a week by 100 basis points, respectively.

It was the second hike this month following the first on July 5 by 50 basis points.

Syahril added if such increase managed to help reaching base money target, the central bank would no longer increase the rates.

Based on the Letter of Intent (LoI) draft between the government and IMF, base money target for July-August 2001 was set up at Rp108tr from the current Rp122.34. Until March 2001, base money was expected to grow by 12.5%.

The reduction of base money was aimed to suppress high inflation rate.

Asked about the impact of the rates hike on Bank Indonesia Certificate (SBI) interest rate, Syahril said he has yet to acknowledge it further.

“We would find out at the auction on Wednesday as to whether or not it would have great impact,” he added.

SBI interest rate this week (based on Wednesday’s auction on July 11) was of 16.91% or 15 basis points from 16.76% the previous week.

Kurs heute in Jakarta
Markets & Quotes Quote Time : 15:00 GMT+7

Bank International Indonesia Secd (BNII)** Time: Tuesday, July 17, 2001 5:08:36 PM


Quotes

Last 20 Last Date Tuesday, July 17, 2001
Change -5 Last Time 15:00
%Change -20 Volume 985000
Bid 20 Offer 25
Bid Size 21,892 Offer Size 29,218
Open 20 Prev Change -5
Prev Close 25 Prev %Chg -20.0000
Today`s High 25 Today`s Low 20

[Brokerprofi]

@Daggelbert

die Nachricht hat nichts mit bii zu tun.

Inhalt wie folgt:

Zentralbank will zinspolitische Maßnahmen einsetzen um Geldemengenziele zu erreichen, die vom IWF vorgegeben wurden...

gruß

brokerprofi

[Brokerprofi]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Watcher100]

@ Brokerprofi

Indonesien können wir für die nächsten Jahre abhacken.
Vielleicht waren das letzte abfackeln von Kirchen von ihm
initiert um einen Vorwand zu haben.


I N D O N E S I E N

Präsident Wahid löst Parlament auf

Der unter Korruptionsverdacht stehende indonesische Präsident Wahid hat das Parlament aufgelöst und den Ausnahmezustand verhängt. Innerhalb eines Jahres soll es Neuwahlen geben.

Abdurrahman Wahid

Jakarta - Mit dem Dekret würden sowohl das Parlament als auch die Beratende Volksversammlung aufgelöst, die ein Amtsenthebungsverfahren gegen ihn anstrebe, sagte Wahid in einer landesweit übertragenen Fernsehansprache. Er habe die Polizei angewiesen, die für Montag angesetzte Anhörung im Amtsenthebungsverfahren zu verhindern. Ein Berater Wahids sagte, es werde innerhalb eines Jahres Neuwahlen geben.
Die Beratende Volksversammlung hatte am Samstag die Beratung über ein Amtsenthebungsverfahren gegen den Präsidenten aufgenommen. Wahid hat mit der Verhängung des Ausnahmezustandes gedroht, sollten seine Gegner nicht von dem Amtsenthebungsverfahren absehen. Wahid liefert sich seit Monaten einen Machtkampf mit der Volksversammlung. Diese will den Präsidenten zu zwei Finanzaffären und Vorwürfen wegen schlechter Regierungsführung befragen. Wahid weigert sich jedoch, einer Vorladung zum Rechenschaftsbericht Folge zu leisten.
Spiegel.de

So long

WATCHER

[Brokerprofi]

@Watcher

In den Tagesthemen habe ich gerade gesehen, das die Polizei derzeit jedenfalls Wahid nicht unterstützen will. Jetzt hängt die Sache beim Militär. Hier hat Wahid ja eigentlich keine Freunde.

Aber wie Polizei und Militär am Ende reagieren werden hängt jetzt stark von deren künftigen Rollen und Positionen ab, die sie sich für die Zukunft versprechen. Das Parlament spielt jedenfalls keine Rolle mehr, Ich gehe über kurz oder lang von einer Militärregierung aus (Damit hätte dann auch Wahid verloren).

gruß

brokerprofi

[Brokerprofi]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Watcher100]

@ Brokerprofi

Kann nur hoffen, daß das militär und Polizei nicht hinter
ihm steht. Könnte bürgerkriegs ähnliche Zustände provozieren. Am besten sofortige Neuwahlen.

So long

WATCHER

[atrader]

Hallo,

könnt Ihr mir bitte mal helfen:

habe statt 889036 jetzt die WKN 762214 im Depot - wieso wurden die WKN geändert und ein Kürzel für nicht handelbar hinterlegt?

Danke!

Atrader

[Rhum56]

@watcher

Das Militär stand schon vor der Wahl zu Megawati.General
Wiranto,wenn ich mich richtig erinnere,war der Kopf,auf den
es damals ankam.Nun sieht man,daß Wahid nicht voran kommt,
weshalb amn letzte Woche schon demonstrativ aufmaschierte
um die Haltung für Megawati zu zeigen.
Problematisch wird aber die Haltung der Moslems,die mit
einer Frau an der Spitze echte Probleme hätten.

Ich bin echt gespannt.

so long

[Watcher100]

@ Alle

Gerase kommt die Meldung auf NTV:

Wahid wurde durch die Vollversammlung abgesetzt.
Neue Präsidentin MEGAWATI.

Somit hat seine Strategie,das Parlament aufzulösen doch
nicht hingehauen.Er hat keinen Rückhalt beim Militär.

Also doch noch ein Hoffnungsschimmer.

So long

WATCHER

[Brokerprofi]

@alle

jetzt regiert also Megawati, wahrscheinlich mit Hilfe des Militärs. Als Gegenleistung werden entprechend Pfründe über den Tisch an das Militär wandern.

Diese Konstelation ist für den JSX kein Hindernis, selbst unter Militärregierungen
steigen Aktienmärkte mitunter stark.

Jetzt heißt es also wieder: Auf die einzelne Aktie kommt es an (Wenn es unbedingt Indoland sein muss)

gruß

brokerprofi

[Brokerprofi]

Aktueller Kurs in Indonesien,

JSX profitiert, bii kann nicht partizipieren:

[url}http://sg.finance.yahoo.com/q?s=BNII.JK&d=1b[/url]

[contrabass]

das ganze indonesien ist ein korrupter Sauladen, warum
empfehlt ihr immer wieder Papiere von solchen Ländern ??
wollt Ihr den leuten das Geld aus der Tasche stehlen ??

[Brokerprofi]

@contrabass

Contrabass, hier empfiehlt oder pusht keiner irgendwelche Aktien.
Vielmehr tauschen (vielleicht risikobereitere) Anleger ihre Informationen und Einschätzungen über Märkte und Aktien aus, in denen sie investiert sind (nenn es Anonymer Aktionär). Niemand macht hier Werbung für irgendeine Aktie, keiner verlinkt auf diesen Thread.
Jeder der hierher findet, kommt aus eigenem Antrieb und Interesse.

gruß

brokerprofi

[go2dive]

Quelle: http://www.thejakartapost.com/detailbusiness.asp?fileid=2001…
Bank Mandiri wants indemnity for BII acquisition
JAKARTA (JP): State Bank Mandiri said it was asking the government for indemnity to protect the bank against potential losses, such as from bad loans, arising after the acquisition of PT Bank Internasional Indonesia (BII).

Bank Mandiri chief financial officer K. Keat Lee said the indemnity would cover potential losses that were not detected during the due diligence on BII.

"We have raised the issue of representative warranties and indemnities. That is something we need to sort through before we close a deal," Lee told The Jakarta Post on Friday.

He said Bank Mandiri was in negotiation with the government for the acquisition of BII, including the indeminity.

As BII is already 56.7 percent owned by the government, the negotiation was more an internal talk of the government, he said.

"But we want it to be as commercial as possible," Lee said.

Bank Mandiri plans to acquire BII, in what many believe is a government initiative to save the latter from liquidation.

BII`s non-performing loans are almost certain to become unmanageable, due to a debt moratorium worth US$1 billion by one of its debtors.

Under the acquisition plan, BII will transfer the bad loans to the government, and then become a subsidiary of Bank Mandiri.

To this end, Bank Mandiri is conducting a due diligence on BII that it hopes to complete in two months time.

"What is existing on BII`s balance sheet may not be properly classified," Lee said.

He did not rule out the possibility of the due diligence discovering new bad loans.

BII is a unit of the financially troubled Sinar Mas Group, whose subsidiary, the Singapore-based Asia Pulp and Paper (APP), has imposed a payment standstill on debts worth some $13 billion.

More than half of BII`s credit portfolio has exposure in the Sinar Mas Group, that sums up to about $1.2 billion.

The government has agreed to replace the Sinar Mas bad loans with government bonds, and restructure loans from the Indonesian Bank Restructuring Agency (IBRA).

A two months due diligence, however, may not be enough to unravel the web of loans channeled to the various units of the Sinar Mas Group.

Bank Mandiri`s request for indemnity may also prove to come in handy, as reports surfaced that BII faces legal charges worth Rp 482.46 billion (about $43.46 million) in penalty.

Copies of court documents, dated Dec. 26, 2000 and made available to the Post, showed the Central Jakarta Commercial Court ordering BII pay out the Rp 482.46 billion in penalty to a local mining company.

The legal dispute centers on charges that BII has foiled an investment deal of the local coal mining company, PT Bentala Coal Mining.

Last year, BII filed for bankruptcy against several companies and individuals who had agreed to become guarantors for loans being sought by the mining company.

The bankruptcy case, which was filed while Bentala was negotiating with its creditors, prompted the creditors to refuse signing a loan agreement, fearing their loans would have no guarantors, according to the mining company.

Even though BII later lost the bankruptcy case, the creditors still refused to sign the loan agreement.

Bentala said the failed investment led to losses of Rp 977.06 billion and $50,000.

In seeking compensation, Bentala brought BII to court, reasoning the bank had, at that time, no authority to file a bankruptcy case.

BII, which had then been taken over by IBRA, should have surrendered the case to the agency, Bentala`s lawyer Hendra Roza Putra explained.

He added he had informed the government and Bank Mandiri of the case, knowing that Bank Mandiri planed to acquire BII.

BII had appealed the case at the higher court, but no verdict had been issued so far, according to the bank`s lawyer Benny Harman.

Thus far, BII`s officials have failed to respond to interview requests.

Lee declined to comment on the case, saying he preferred to wait for the results from the due diligence process.(bkm)

[Kurswechsel]

Hallo,

was mich wundert ist, daß die Berichte über Indonesien ausgerechnet in einem Gesprächsfaden über den Pleitekandidaten BNII stehen. Das erinnert mich fast an das Kontraindikatorforum "Neuer Markt" bei w:o, wo die häufigsten Beiträge und Kurstreibereien vorhersagbar von Problemfällen, Konkurskandidaten und Pfenniganteilen handeln. Sollten einmal Firmen als "seriös" vorgestellt werden, dürften Langzeitanleger mit einem sofortigen Verkauf gut fahren.

Sogar in Thailand gab es jüngst einen Kurssturz bei Bankaktien. In Indonesien scheint mir die Lage - auch bezüglich Politik und Miniwati - noch undurchsichtiger zu sein.

BNII muß durch eine Übernahme gerettet werden, wobei Aktionäre das Nachsehen haben könnten. Jemand hat hier im Forum einmal eine mögliche Abfindung zum derzeitigen Kurswert als möglich genannt. BNLI (Bank Bali) hat Altaktionäre fast enteignet mit einer Riesenkapitalerhöhung, falls diese keine neuen Anteile kaufen wollten, konnten oder durften.

Wie wäre es, einmal wirklich gute Aktienchancen zu besprechen? Auf indoexchange.com wurden die besten Dividendenwerte vorgestellt, was sicher ein guter Anfang ist.

In welchen Wirtschaftsbereichen gibt es das größte Aufwärtspotential, oder die beste Absicherung durch Dividende?

Welche Werte hängen in welchem Maße von DOW, Nasdaq und Weltkonjunktur ab?

Wo gibt es Aktien, die nicht fallen, wenn es in den USA und Europa runtergeht?

Die Faule-Kredite-Branche finde ich langweilig und nicht einmal zum Spekulieren geeignet.

Aber es ist sehr nützlich und gut, daß ihr fleißig Artikel zur Lage im Lande sammelt.

Grüße,

Kurswechsel

[Dr.Ich]

Jakarta (Reuters) - Der bisherige Präsident Indonesiens, Abdurrahman Wahid, hat den Widerstand gegen seine Absetzung aufgegeben und will nach Angaben aus seiner Umgebung am Donnerstag in die USA reisen. Für Mittwoch wurde die Wahl eines Stellvertreters für Wahids Nachfolgerin Megawati Sukarnoputri erwartet. Die frühere Vizepräsidentin steht unter Druck, rasch eine eigene Regierung zu bilden, um dem Land nach drei Präsidentenwechseln in drei Jahren wieder Stabilität zu geben. Sie reiste am Mittwoch nach Ostjava zum Grab ihres Vaters Sukarno, des Gründungspräsidenten der volksreichsten islamischen Nation der Welt.

"Er hat die Wirklichkeit akzeptiert", sagte Wahids Vertrauter Ruslan Abdulgani, ein früherer Außenminister, nach einem Besuch im Präsidentenpalast. In dem Gebäude aus der niederländischen Kolonialzeit hatte sich Wahid hinter Stacheldraht verschanzt. Aus seiner Umgebung verlautete, er werde den Amtssitz des Präsidenten am Donnerstag räumen und in die USA fliegen, um sich ärztlich untersuchen zu lassen. Wahid ist fast blind und stark gehbehindert.

Von der Parteizugehörigkeit des neuen Vizepräsidenten wurde Aufschluss darüber erwartet, mit welchen politischen Kräften Megawati als Förderer oder Gegner zu rechnen hat. Als Favoriten gingen der Vorsitzende der früheren Staatspartei Golkar und Parlamentspräsident Akbar Tandjung und ein Politiker der moslemisch orientierten Vereinigten Entwicklungspartei namens Hamzah Haz in Abstimmung. Die Entwicklungspartei hat gedroht, sie werde einer Regierungskoalition fernbleiben, wenn der Golkar-Politiker Vizepräsident werde.

Die Weltbank erwartet von Megawati und ihrer Regierung Wirtschaftsreformen. Sie seien dringend nötig. Er sei zuversichtlich, dass Indonesien unter Megawati wieder blühen und gedeihen werde, ließ Weltbankpräsident James Wolfensohn erklären. Nach Wahids Entlassung wegen Unfähigkeit hatte sich die Landeswährung von 11.200 auf 9900 Rupien pro Dollar erholt.


Quelle: http://www.dietrich-germany.de

Dr.Ich

[Brokerprofi]

@kurswechsel

Just do It!

gruß

brokerprofi

[go2dive]

`Due diligence of Sinar Mas Group`s credits continues`

JAKARTA (Bisnis): The due diligence process of Sinar Mas Group credits in BII continues to proceed disregarding whether it was matter of a breach or exceed of the maximum extension of credit limit (BMPK), said an IBRA official.
"It is the authority of Bank Indonesia to decide whether or not it violated or exceeding the BMPK. In this case, BI gave clarification of exceed of BMPK. Meanwhile, IBRA continues to carry out due diligence and will not wait to find out whether it was a breach or exceed," said a IBRA official who refused to be identified.

According to him, if the government suspected conspiracy between BI and SMG over the classification, it should have a re-check at BI.

"Should there be doubts over classification of exceed of BMPK from BI, it has to recheck directly with BI. Or it could also bring it to the parliament for further probe by assigning BPK," he said.

Previously the Director General of Finance of the Finance Ministry Darmin Nasution said Sinar Mas Group`s US$1.2 billion credit from BII breaches the BMPK and therefore it has to be cleaned up before the bank is acquired by Bank Mandiri.

According to Darmin, they could always say it was not a breach of BMPK and that it was only an exceed of BMPK.

"But to me it is nevertheless a breach and therefore it needs to be cleaned up by taking out the assets that breached the BMPK [from BII credits]," said Darmin. (Bisnis, 18 July)

Technically, said the IBRA official, pre-crisis credits that exceed the limit were already considered as a breach. Meanwhile, if the bank`s capital was strong, then the rupiah depreciated and the US$-denominated credits were ballooning, that`s when you say exceeding limits.

The source also said if the due diligence of SMG credits had to wait the result whether or not it was a breach or exceed, it could affect both the performance of BII and other SMG units like Asia Pulp & Paper (APP).

"They should`ve been conducted in parallel. Meaning BII`s rescue, SMG credit settlement and investigation on the alleged breach of BMPK should have been conducted simultaneously. It should not wait for the result of the investigation as it would take time," he said. (yn)

http://www.bisnis.com/servlet/page?_pageid=487&_dad=portal30…

[go2dive]

JSX urged to delist shares after Bapepam issues statement

JAKARTA (Bisnis): The Indonesian Securities Investor Community (Missi) suggested that the Jakarta Stock Exchange should only delists shares after the capital market authority (Bapepam) issues an effective statement.
According to Missi, Bapepam`s effective statement is required to prevent issuers from requesting voluntary delisting.

Tunggul Butar-Butar, Missi Secretary General said the association gave the input to JSX management as part of the efforts revising delisting ruling. He said Missi hoped before issuing a statement or delisting approval, Bapepam should first conduct thorough examination on the reasons why the bourse recommended delisting of a share.

"Because, it may happen that issuers requested delisting after reaping the public`s funds," Tunggul said yesterday.

Missi also recommended investigative audit on shares that have met delisting criteria. "If mismanagement were detected, the bourse authority should order the majority shareholders and board of directors to buyback the public shares," he said.

But he added, if they refused to buy back, the investigation level of investigation should be increased to a trial process in the court. "The management should be included under the list of disgraceful people (DOT)," he said.

According to Tunggul, Missi also urged the JSX to annul delisting ruling due to low prices, lack of liquidity and small quantity of share ownership.

"The delisting because the price was below Rp50 is irrelevant. Because, very often the small value occurred after issuers made stock splits."

Missi also thinks that companies that are delisted because they failed to make profits within three consecutive years should be required to hold extraordinary general shareholders meeting (RUPSLB) to replace the management with more professional ones.

"After the management reshuffle, the bourse should process it in the special board," he said. (m30)

[go2dive]

Mandiri may use recapitalization bonds for BII buy

JAKARTA (JP): State Bank Mandiri said on Friday it planned using its recapitalization
bonds to finance the acquisition of publicly listed PT Bank Internasional Indonesia
(BII), amid difficulties to raise revenue.

Bank Mandiri president E.C.W. Neloe said the bank had proposed the plan to the
government.

"There haven`t been any decisions yet, but we have stated that we want to pay (for the
acquisition) with the recapitalization bonds," Neloe told reporters, following a
signing ceremony of MoUs to extend loans for shrimp farmers.

Bank Mandiri plans to provide an estimated Rp 60 billion (about US$6 million) in
commercial loans to shrimp farmers.

Neloe said in financing BII`s purchase, Bank Mandiri would pay the bonds to the
Indonesian Bank Restructuring Agency (IBRA), which owns a 56.7 percent stake in BII.

He declined to explain the plan in more detail, saying he was still awaiting BII`s due
diligence for the details to become available.

Earlier this month, Bank Mandiri announced plans to acquire BII as part of a plan to
boost the bank`s retail market segment.

Under the plan, BII would hold the right to accommodate Bank Mandiri`s entrance and
turn the former into a subsidiary of Bank Mandiri.

So far, no estimation has been made over the value of the acquisition.

Neloe said the amount of bonds required to finance the acquisition remains unknown,
until after BII`s due diligence.

According to him, the due diligence may take about two months, after which he expected
to finalize the acquisition by September at the latest.

Many believe the acquisition is aimed at saving BII from closure, on threats that its
non-performing loans would become unmanageable.

Most of these loans have been extended to the affiliated Sinar Mas Group, the bank`s
former majority owner. At $1.2 billion the loans account for about half of BII`s
credit portfolio.

As part of the acquisition deal, the government has agreed to extract the loans from
BII`s balance sheet.

Commenting on Bank Mandiri`s earnings, Neloe said Bank Indonesia certificate rates of
over 17 percent made it difficult for them to raise earnings.

According to him, half of Bank Mandiri`s recapitalization bonds carry fixed coupon
rates.

Once SBI rates hover above the coupon`s fixed rates, a bank becomes exposed to
negative spread. This occurs when the bank cannot cover the cost of its deposit
interest rates with earnings it made from the rates on loans or bonds.

Fixed-rate bonds carry a coupon rate of 12 percent or 14 percent.

Neloe said to raise revenue, the bank tried to recover some Rp 22 trillion in written-
off bad loans, which it inherited from its four founding banks.

Bank Mandiri was founded in 1999 from the merger of four state banks.

"Of the Rp 22 trillion, Rp 1.2 trillion had been recovered by July; our target for the
end of this year is Rp 2.5 trillion" he said.

Neloe said the recovery of bad loans had dropped Bank Mandiri`s nonperforming loan
(NPL) ratio to some 16 to 17 percent as against 27 percent last year.

He said the bank was targeting an NPL ratio of 3.5 percent by the end of this year.

"But achieving that target looks difficult, it`s more likely that we`ll end up with 5
percent," he added.

He also hoped to channel Rp 15 trillion in loans this year, of which half would
consist of new loans and the remainder from IBRA under a deal to swap bonds with
loans.

"Our new loans have already reached some Rp 8 trillion, but on the other side, the
IBRA`s bond swap doesn`t work," he said.

Under the bond swap proposal, he said, Bank Mandiri would swap its recapitalization
bonds with restructured loans from IBRA.

He said Bank Mandiri had asked for the transfer of Rp 1.5 trillion in IBRA loans in
exchange for the bonds.

"It (the bonds swap proposal) was approved by the Financial Sector Policy Committee
(FSPC), but so far, there has been no implementation," Neloe said.

He said that his bank has currently refrained from aggressive lending, given the still
unfavorable business climate and the high lending rates that made investment
expensive.

"In these times being aggressive is too risky, we might get caught in more bad loans,"
he said. (bkm)

[Brokerprofi]

Im Grund hört sich das alles sehr gut an:

- Bii überlebt als Subsidiari und bleibt an der JSX notiert,
- Sinar Mas Schulden werden aus der Bilanz genommen,
- Mandiri reduziert NPL auf 3,5 - 5% der totalen Kredite.

Ich bin begeistert, wenn das alles eintritt, ist das eigentlich ein passables Umfeld für einen steigenden BII-Kurs.


gruß

brokerprofi

[go2dive]

das sehe (hoffe ) ich auch so,..

ciao go2dive

[go2dive]

zur Info,..

Banking shares rebounding

JAKARTA (Bisnis): Baking shares saw an average of 7.5% decline in the second quarter of 2001 or has gone up by 13.5% from its first quarter position.
Based on the Jakarta Stock Exchange data, prices of banking shares in the second quarter of this year increased drastically compared to the first quarter. But in general, the average banking value remains lower compared to its position in January 2001.

"Although the share value in the second quarter remains minus 7.5% on average, it nevertheless improved by around 13.5% over the first quarter position," said the JSX data obtained by Bisnis over the weekend.

The value of Bank Panin shares (PNBN), for example, was corrected 41.2% in March 2001 from Rp170 to Rp100 per share. But its June 2001 position rebounded back by 41.2% at Rp240 per share.

Shares of Bank Negara Indonesia (BBNI) in the first quarter also dropped 15.8% in the first quarter from Rp95 to Rp80 per share. It rebounded 5% in the second quarter to Rp85 per share, but it remained 10.2% lower compared to its value at the beginning of the year.

Meanwhile, Bank Central Asia (BBCA) shares which only rose 7.6% from Rp1,650 to Rp1,775 per share in the first quarter surged significantly by 15.2% at Rp1,900 in the second quarter but the share had undergone a stock split to Rp950 per share.

Bank Danamon (BDMN) shares was corrected 36.4% from Rp55 to Rp35 per share. It rose 9% in the second quarter to Rp40 per share, but is 27.3% lower compared to the beginning of the first quarter.

Bank Bali shares (BNLI) suffered a 33.3% correction in the first quarter from Rp75 per share in the beginning of the year to Rp50 per March 2001. BNLI continued to weaken 40% in the second quarter to Rp45 per share or 7% lower from its position in the first quarter. Meanwhile, Bank Niaga (BNGA) remained stagnant at Rp65 per share.

Intermediation function

According to Saifuddien Hasan, BBNI President Director said the improvement of banking shares in the second quarter showed that the intermediation function of banks were running well. The function, however, have not completely recovered compared to the pre-crisis.

"But you must admit that increasing credit flows especially with the political slowdown would offer better opportunities for the banking sector," he said last week.

According to Hasan, it would be easier for banks to decide expansions, make plans and embrace other parties to work with under a better political condition, marked with the appointment of a new president. "Because the macro indicators would be more predictable with stable political condition," he said. (dj)

[broker*709]

Meint Ihr, dass unsere BNII noch in die Puschen kommt ?

BII says IBRA missed interest payment

--------------------------------------------------------------------------------
JAKARTA, Aug 1 (Reuters) - State-controlled PT Bank Internasional Indonesia (BII) said on Wednesday the Indonesian Bank Restructuring Agency (IBRA) failed to make an interest payment it said it would pay on July 31. "We are giving (IBRA) seven days (after July 31) to make the payment. We are still in the process of claiming it," said Cholil Hasan, head of the management team at BII, formerly the banking arm of the Sinar Mas group. This marks a further delay in the interest payment relating to a complex debt guarantee agreement between the IBRA and the Sinar Mas group earlier this year. Sinar Mas said last month it would only pay part of the $65 million in interest owed to BII, leaving the IBRA to cover the rest in accordance with the agreement. Last month, the IBRA said the delayed interest payment would be made by July 31, after previously saying it would pay it within seven days after it was due on June 30. The deal with IBRA allows Sinar Mas to obtain a government guarantee on some $1.3 billion in debts owed to BII in return for certain assets and shares of companies within the Sinar Mas group. Of that $1.3 billion, Sinar Mas unit Asia Pulp & Paper (APP) owes about $1 billion. One month after the deal was announced, APP declared a standstill on all its debts and those of its subsidiaries and affiliates, and said it was undergoing a complex restructuring of more than $12.2 billion in debts. IBRA had said the payment could be made in cash or in recycled bonds, which are previously issued government bank recapitalisation bonds that are returned by the banks. ((Soraya Permatasari, Jakarta newsroom [phone], Fax [phone], [e-mail]))

[Insulaner]

Hallo,
Wer übersetzt das alles mal ins Deutsche.
Ich denke ich wäre nicht der Einzige der sich dafür interessiert.
Ansonsten denke ich, es kann nur noch besser werden.
Viel Glück an der Börse, wünscht
Insulaner

[Brokerprofi]

Hier die Übersetzung: Der letzte Satz gibt für meine Begriffe nicht unbedingt einen Sinn. Gemeint sind wahrscheinlich die Zahlungen an BII, gemäß der erwähnten Vereinbarungen

gruß

brokerprofi

IBRA hat eine Zinszahlung nicht an bii gezahlt, die zum 31. Juli versprochen war. BII hat das Zahlungsziel um 7 Tage verlängert. Dies ist die zweite Zahlung, die IBRA der bii schuldet und nicht bezahlt. Sinar Mas zahlte, wie mit IBRA vereinbart, nur einen Teil der 65 Mio USD, die sie BII schuldet und erwartete, das IBRA in Übereinstimmung mit der Vereinbarung den Rest trägt. Dafür sollte Sinar MAS (Immobilien)Vermögen und Aktien im Wert von 1 Mrd. USD an die IBRA übertragen. Einen Monat nach Unterzeichnung dieser Vereinbarung erklärte Asia Pulp and Paper, die Mutter von Sinar Mas, das einfrieren aller Schulden, einschließlich der Schulden aller Partnerunternehmen und Töchter und erklärte, das sie eine komplexe Restrukturierung ihrer Schulden in Höhe von 12,2 MRD USD durchführen wolle. IBRA erklärte, die Bezahlung könne in Cash oder über Restrukturierte Bonds erfolgen, die kürzlich von der Zentralbank ausgegeben wurden.

[Brokerprofi]

Konjunktur in Indonesien zeigt Anzeichen von Erholung.

gruß

brokerprofi

BI keeps SBI rates up until after economy improves
JAKARTA (JP): Even as the rupiah entered its third week of a rally, Bank Indonesia said on Tuesday that it would keep interest rates high until after the country`s economic fundamentals showed concrete signs of improvement.

The central bank said improvements on the political front had yet to be followed by real improvements on the economic side.

"Therefore, Bank Indonesia`s board of governors is of the view that it is too early to loosen monetary policy," the bank said in a statement issued after a board of governors` meeting.

It said that the rupiah`s upward trend was insufficient to conclude the unit would stabilize at these new levels.

By the end of last month, the rupiah had soared by a hefty 19.9 percent, according to Bank Indonesia.

Megawati Soekarnoputri`s rise to the presidency late last month instilled further confidence in the local unit.

On Tuesday trading, the rupiah soared to a nine-month high, closing at 9,350 against the U.S dollar compared to 9,470 the day before.

Earlier in the day, Bank Indonesia deputy governor Miranda Goeltom said the central bank would not respond to the stronger rupiah with drastic rate cuts.

"Interest rates won`t go down automatically," she told reporters on the sidelines of a Bank Indonesia seminar.

According to her, it will take some time to see significant cuts in interest rates despite an easing of pressure on the weaker rupiah.

Inflation, although running at a worrying monthly rate of 2.12 percent in July, was also expected to drop in line with the rupiah`s recovery.

Reduced pressure on these two key indicators should eventually allow the central bank to ease its monetary policy.

However, the promise to keep SBI rates high runs counter to budget concerns, with a large portion of government bonds being tied to the SBI rates.

In its first rate reduction in months, Bank Indonesia cut the rate on its one-month SBI promissory notes to 17.15 percent last Wednesday, down from 17.17 percent the week before.

But Bank Indonesia Governor Sjahril Sabirin said last week the central bank would monitor the market for a couple of weeks before seeking more rate cuts.

Strong political support for Megawati has aroused hope of a more stable political climate paving the way to economic recovery.

To date, even without a working Cabinet after over two weeks in office, Megawati has kept the market banking on a stronger rupiah.

Currency analyst at a European bank Clemento Escano attributed the rupiah`s performance to confidence in a market-friendly Cabinet eventually emerging.

According to Escano, the three key portfolios important to market confidence are the coordinating ministry for the economy, the finance ministry and the attorney generalship.

The latter, he said, was vital to restoring certainty to the country`s tarnished legal system, especially the bankruptcy court.

Escano said that at below 9,300 the dollar was too tempting to pass by for corporations with foreign debts.

He did not rule out further gains for the rupiah, but interest in the rupiah could wear off shortly before Megawati announces her Cabinet. The announcement is slated for Thursday.

"There will be some short covering before the announcement," he said, adding that market players did not want to be caught short in dollars.

He said that even if the rupiah did break the 9,000 level, market players would hold the unit loosely.

"At around 8,000 the rupiah becomes vulnerable to negative news ... people will quickly switch to dollars," he explained.(bkm)

[broker*709]

Hab heute wieder mal eine eMail von BNII bekommen zum Thema Internetbanking. Anscheinend macht unsere beliebte Bank weiter und bleibt uns erhalten ;-)


Dear Valued Internet Banking Customer,

We would like to say thank you for being with BII Internet Banking for while.

We will inform you as May 12th, 2001 Internet Banking BII was presented new performance which give you convenience.

The new Internet Banking BII is provided with some additional facilities that you need, they are ;

- Telkom payment in some major cities
- Voucher purchasing.
- Payment for BII and non BII credit cards, ISP, mutual funds, insurance
- Online Fund Transfer for all BII type of accounts
- Time deposit opening online
- Standing instruction for Telegraphic Transfer or Bank Draft Payment
- My Private List, which enable you to have your own transaction list that you
regularly do, such as Fund Transfer, Telegraphic Transfer, Bill Payment, as well
as Bank Draft

To enjoy the feature that we offered, we suggest you to access to BII Internet Banking.

Should you have further information, please feel free to call our Customer Service 24hour at [phone] or email us a=
t [e-mail]

Regards,
Customer Service
BII Internet Banking Center

[broker*709]

Ein Anstieg von den derzeitigen niedrigen 25 Ruphia wurde auch nicht schaden.
Momentan hilft uns nur die steigende Währung !

Rupiah increases to reach nine-month high


JAKARTA (JP): Confirming growing confidence in the next Cabinet lineup, the rupiah spurred to its nine month high supported by state banks dollar selling on Tuesday trading.

Dealers said that dollar selling continued on fear of a bullish rupiah once President Megawati Soekarnoputri reveals her new Cabinet. The announcement is slated for Thursday.

"People long in dollars have begun to cut losses," said a currency dealer at a foreign bank.

State banks, whom many believe had acted on behalf of Bank Indonesia, also released their dollars on Tuesday, he said.

This has helped propelled the rupiah to its nine-month high at 9,350 against the U.S dollar compared to 9,470 the day before.

The stronger rupiah comes amid no clear picture over the next Cabinet lineup, analysts say must ensure political and economic stability.

Megawati should have announced her Cabinet last Friday, but backtracked on fear of making too hasty choices.

"The postponement disappointed the market, but still the rupiah gained on Friday," the dealer continued.

He said Bank Indonesia intervention through state banks on that day had helped swung the market mood back into optimism.

Fueling this confidence was the market belief that the rupiah could reach 9,000 and even break that level.

"The 9,000 has become a magic figure, the market seems to be moving in that direction," he explained.

Also in the past few days, he said repatriation of foreign funds boosted local dollar supply.

"People who have parked their money abroad feel better about the political climate, they think it`s safe to return now," he said.

But albeit the stronger rupiah, Bank Indonesia dismissed hopes of lowering interest rates just yet.

The central bank said that until it saw concrete improvements in the country`s economy, interest rates would remain tight.(bkm)

[farang777]

gerade die rupie ist doch ein schöner hebel gewesen. nun ist die rupie wieder in der zielzone und weitere steigerungen sind jetzt eher freudige überraschungen. naja, das gehört doch bei em-spekulationen dazu, die währungsentwicklung im auge zu behalten.

übrigens gibt es auch anderes als bnii. ich verweise mal wieder auf das board
www.em-forum.de, wobei z.zt. dort nicht so viel läuft.

gruß
farang

[Brokerprofi]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[nobilly]

Interessanter wäre der Handel in USA, da bekannterweise
nur ca. 3-4 mio€ auf Europa fallen und USA ca. 100-400 mio$.

Hat vielleicht jemand 1 Adresse amerikanische Charts zu sichten - kann meine leider nicht mehr finden - bitte posten.

Danke

[broker*709]

Spaß am Sonntag !

Zunächst Investments in Emerging Markets, danach Aufenthalt im Emergency Room ;-)

[Insulaner]

Hallo,
Ich wollte Brokerprofi Danke sagen für die Übersetzung.
Ich war lange nicht mehr in diesem Thread.
Vielen Dank und einen schönen Sonntag an alle.
Insulaner

[broker*709]

Liebe Indofreunde, festhalten !!!

Der IMF komm :-)

IMF to send mission to Jakarta next week


JAKARTA (JP): The International Monetary Fund (IMF) will send a mission to Jakarta next week in a bid to reach an agreement with the country`s new economics team on a number of economic reform programs, the fund`s senior resident representative in Indonesia, David Nellor, said in a press statement on Tuesday.

Nellor said the mission would be led by IMF deputy director for the Asia Pacific region Anoop Singh.

He added that the IMF executive board was expected to meet in Washington early next month to decide whether to approve the country`s economic reform programs as stipulated in the letter of intent (LoI).

The approval of the new LoI will pave the way for the disbursement of IMF`s US$400 million loan tranche to the country that was put on hold late last year amid signs that the government was wavering on the implementation of its reform programs.

Elsewhere, Nellor said he had held a series of meetings over the past few days with Coordinating Minister for the Economy, Dorodjatun Kuntjoro-Jakti, Bank Indonesia Governor Sjahril Sabirin and other ministers in the new economics team.

"I was encouraged by their shared focus on key policy issues and, most importantly, their determination to implement policy reforms to strengthen the financial sector, fiscal management andother key areas," he said.

Analysts have said the signing of a new agreement with the IMF would further boost the rupiah, which has been rallying since Megawati Soekarnoputri was appointed president and the new Cabinet was installed. The rupiah jumped to an 11-month high of Rp 8,400 per U.S. dollar on Tuesday.

The agreement with the IMF will also prompt the Paris Club of creditor nations to agree to reschedule the country`s sovereign debt maturing this year.

The Paris Club is scheduled to meet with the government on Sept. 10.

A failure to obtain the debt rescheduling facility will trigger a fiscal crisis, economists have warned. (rei)

[Brokerprofi]

@broker*709

Ich fange langsam an meine BII-Aktien zu lieben. Sie werfen einem in ein Wechselbad der Gefühle. Vergleichen kann man das nur mit der ersten Liebe. Die Ereignisse um diese Anlage sind hochinteressant und lehrreich. Und das Beste an der Sache: Vielleicht zahlt sich die Investition noch aus...

gruß

brokerprofi

[broker*709]

Gerade im EM-Board gefunden:

Jakarta rolls over bonds pledged to BII

--------------------------------------------------------------------------------
JAKARTA, Aug 15 (Reuters) - Indonesia`s bank restructuring agency (IBRA) has rolled over 1.2 trillion rupiah ($142 million) in bonds pledged to embattled Bank Internasional Indonesia (BII) to support its balance sheet, an executive said. Halim Sutanto, a member of the government-appointed management team at the country`s fifth largest bank, said late on Tuesday the time period for the bond pledge had expired on August 3 but was extended until the year-end. He said the aim was to support BII`s balance sheet during its acquisition by state-run Bank Mandiri, Indonesia`s largest bank. Mandiri is conducting a two-month due diligence of BII in connection with the takeover. "The bond (pledge)... has been extended until December 31, 2001," Sutanto told Reuters. The pledged bonds cover interbank claims worth 1.2 trillion rupiah that BII had against several banks in the late 1990s. Those banks were closed following the Asian financial crisis, prompting the state-run IBRA to guarantee payment to prevent BII suffering further and to reassure depositors that key financial institutions would not be allowed to collapse. The bonds were pledged for the first time earlier this year. While they were not physically given to BII, the bank can include them on its balance sheet. Dozens of Indonesian banks were recapitalised after the Asian financial storm savaged the banking sector. But short of cash, the government had to use state-backed bonds to improve bank balance sheets and lift capital adequacy ratios in an operation that cost some 650 trillion rupiah. BII has been in particular trouble. Apart from being recapitalised -- which included resolving the interbank claims -- its former controlling shareholder, the giant and heavily-indebted Sinar Mas Group, owes it $1.3 billion. Those loans have also been guaranteed by IBRA. Sinar Mas` key unit, the New York-listed Asia Pulp & Paper (APP) , is restructuring a massive $12.2 billion in debt, raising concerns that Indonesia`s second biggest conglomerate would struggle to cover its obligations to BII. Apart from rolling over the pledged bonds, the government is considering giving BII so-called recycled bonds to replace the Sinar Mas debt. Under the proposed scheme, the Sinar Mas loans would be transferred to IBRA. Senior IBRA official Tom Lembong said the bonds would hopefully be given to BII by the end of the month to cover the agency`s guarantee of Sinar Mas` $1.3 billion debt. That guarantee, agreed in February, has already allowed BII to reclassify the debt as a performing asset. The bonds would take the form of what Indonesia calls recycled obligations -- recapitalisation bonds that have been returned to the government by banks which no longer need them. However, bankers said the issuance of the recycled bonds to BII might still need approval from the new state enterprises minister Laksamana Sukardi, who also oversees IBRA. (US$ = 8,430 rupiah) ((Lily Kurniawati, Jakarta newsroom [phone], Fax [phone], [e-mail]))

[broker*709]

Die Märkte nehmens positiv !

Rupiah surges 2.63% on optimism over IMF talks
Monday, August/20/2001 18:38:01 GMT+7.

Rupiah ended higher today as optimism spread that the International Monetary Fund (IMF) will soon resume lending to the country under its stalled $5bn program.
Rupiah was closed at Rp8,500-8,530 against the dollar in interbank money market today, significantly surged 2.63% from Rp8,730-8,760 in last Thursday (Aug. 16). The local currency has leapt 235 points from Rp8,725-8,775 at market opening.

A dealer from Standard Chartered Bank observed that the meeting of government’s economic team with the IMF has been giving positive influence to the market and capable to boost rupiah today.

Such was also supported by Anoop Singh’s statement that he was optimistic a new lending agreement with Indonesia would be reached immediately.

The dealer said that if rupiah managed to touch Rp8,400 level, it is possible to break in Rp8,250 level.

Today, Bank Indonesia took sidelined position and state-owned banks only transacted dollar for order purpose.

The dealer predicted that tomorrow local currency will be quoted at around Rp8,450-8,650 against the greenback.

Reported by : Sujatrini L Sasono

[em.]

Fragt sich nur warum es BII nicht positiv nimmt.
Der Wert dümpelt weiter um die all time Lows.

Glaube das Vertrauen ist restlos verspielt. Hab no´ch einen restposten, würde mich auch freuen wenns noch was werden würde, allein mir fehlt der Glaube.......

[Crsus]

Weiß jemand, ob und wann BII von der Bank Mandiri übernommen wird und vor allem was dann mit unseren Aktien passiert ???

[Brokerprofi]

Die übernahme von BII durch Mandiri ist noch nicht in trockenen Tüchern. Sie hängt von der due diligence ab, einer genauen Prüfung der BII-Bilanzen durch Mandiri. Wenn dort größere Posten von nichtbekannten uneinbringlichen Forderungen gefunden werden, kst die Übernahme gescheitert, BII verschwindet von der Bildfläche. Für viele ist dieses Risko offenbar noch zu groß um einzusteigen.
außerdem muss sich erst erweisen, ob die Übernahme auch in eine erfolgreiche Geschäftspolitik mündet.

gruß

brokerprofi

[SunInvestor]

Und selbst wenn die Übernahme schließlich klar geht, hat unser
Bangen kein Ende. Schließlich hat man verlauten gehört, daß die
eine Kapitalerhöhung planen, um die Schulden von BII in den Griff
zu kriegen. Damit ist vermutlich eine erhebliche Verwässerung
verbunden, an die ich gar nicht denken mag. Vielleicht ist der
derzeitige Kurs nach der KE schon ordentlich mit wenig Hoffnung
auf Kurssteigerungen.

SunInvestor

[broker*709]

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[Mr Looser]

ein paar neue zahlen auf den tisch des hauses von bnii


http://sg.biz.yahoo.com/z/a/b/bnii.jk.html

[broker*709]

Dann legt endlich los mit den Verkäufen und gewinnt das Vertrauen zurück !!!

August 23, 2001
Megawati and Her Economic Team Face
Crucial Tests Just Weeks Into Transition
Jakarta Must Finish Asset Sales, Reforms
To Win Over International Investors, IMF

By Michael Schuman
Staff Reporter of The Wall Street Journal
JAKARTA, Indonesia -- President Megawati Sukarnoputri faces a series of tests that will indicate whether her month-old government can repair international investor sentiment toward this troubled country.

Ms. Megawati and her economic team -- appointed two weeks ago -- have little time to prepare for reform efforts and asset sales that will set an early tone for the administration`s relationship with foreign investors, creditors and donors. This week, a mission from the International Monetary Fund is meeting with administration officials in Jakarta in hopes of signing a new reform agreement and restarting lending to Indonesia. The IMF suspended a $5 billion program in December, citing Indonesia`s stalled reforms.

Expectations are running high that Indonesia will sign a new letter of intent with the IMF laying out the reforms it plans to implement. Dorodjatun Kuntjoro-Jakti, the top economics minister, said in a recent interview that it is "very important" to improve relations with the fund, adding that "Like it or not, we have to work with the IMF."

The resumption of the IMF program would quickly set a reform agenda for Ms. Megawati. Among other issues, this week`s meetings are expected to cover how Jakarta will raise money to strengthen a state guarantee fund for bank deposits, as well as a time frame for the sale of nationalized banks.

The sale of a stake in one of those banks, PT Bank Central Asia, to foreign investors will be another key test for Ms. Megawati. Jakarta had previously promised the IMF that it would sell the bank last year, and the delay has been a point of conflict with the Washington-based fund. The government offered 30% of BCA mid-year, but in the end attracted only two main bidders. One bidder, and likely the top candidate, is U.S. investment fund Newbridge Capital Ltd., which has had preliminary discussions about BCA. Now, however, the Indonesian Bank Restructuring Agency, which is overseeing the sale, appears to be interested in restarting the bidding process, hoping to attract more investors. That could further delay a sale.

Another major asset sale will provide a similar test of investors` willingness to put money in Indonesia. Parikesit Suprapto, a director in the office of the minister for state enterprises, says the government hopes to sell about a fifth of its 65% stake in state-run international-call operator PT Indonesian Satellite Corp., "by the end of October at the latest."

Yet another test comes in September, when Indonesia`s Paris Club of donors meets to discuss aid to the country. Ms. Megawati`s administration is expected to ask international creditors for help in dealing with Jakarta`s $68 billion in foreign-held public-sector debt, which is straining the national budget. In her first major policy speech last week, Ms. Megawati asked foreign creditors for "a little bit of space and opportunity to take a breath." Mr. Dorodjatun said, in the interview, that the government would likely have to ask for more rollovers of its foreign debt.

Foreign investors also have been watching the fate of the Indonesian subsidiary of Manulife Financial Corp. of Canada. A Jakarta court Thursday morning rejected a lawsuit that would have pushed the Manulife subsidiary into bankruptcy. The case, which highlights the need for legal reform in Indonesia, stemmed from a disputed beneficiary claim that Manulife declined to pay.

[broker*709]

Das sieht nicht gut aus ! Au weia !!!

Symbol Name Last Trade Change Volume More Info
BNII.JK BANK INT`L INDON 4:59PM 20 0 0.00% 2,070,000

http://sg.biz.yahoo.com/z/a/b/bnii.jk.html

[Brokerprofi]

Anekdote Aus Indonesien (Habe ich heute in der Zeitung gelesen):
Indonesien weist 5 deutsche Studenten aus, da diese Inlandsreisen unternommen hatten, die nicht durch die Visa gedeckt waren. Nun hat Indonesien die Ausweisung verschoben, weil Sie die fünf Flucktickets nach Deutschland nicht bezahlen kann. Ein indonesischer Minister wird zitiert: Das zeigt nur Indonesiens Armut, sobald sich eine Geldquelle auftut werden die Studenten ausgewiesen.

@broker709:
Mit diesem Kursen und Einschätzungen leben wir ja nun schon länger. Das kann auch schnell in die andere Richtung gehen und das passiert meist dann, wenn niemand mehr damit rechnet.

gruß

brokerprofi

[broker*709]

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[Brokerprofi]

Experten (wer auch immer damit gemeint ist) sehen den neuen LOI (Letter of Intend) des International Monetary Fund (IMF) positiv: Sie rechenen mit sinkenden Zinsen, steigenden Bruttosozialprodukt und sinkender Arbeitslosigkeit. (siehe Artikel aus Jakarta Post)
Meiner persönliche Einschätzung: Ich bin in Thailand sehr stark und in Indonesien stark investiert. Langsam sehe ich in beiden Ländern mehr als eine Bodenbildung. In beiden Ländern deutet viel auf eine politische und wirtschaftliche Erholung hin. Ich glaube, es kann für Investoren, die bereits seit ca. 12 bis Monaten investiert sind, entwarnung gegeben werden.

Hier die Nachricht aus der Jakarta Post:

Experts say LoI targets reprieve for businesses
JAKARTA (JP): Businesses can expect a recovery in investment activities following the signing of The International Monetary Fund`s (IMF) Letter of Intent (LoI), experts said on Tuesday.

Bustanul Arifin of the Institute for Development of Economics and Finance (Indef) said he expected a jump in investments on the back of economic reform targets under the LoI.

"In the long run we`ll see more investment flowing in," Bustanul told The Jakarta Post.

He said several points in the recently signed LoI opened the door for revitalizing the country`s dull investment growth.

He said the IMF, in relaxing its base money supply target to Rp 110.5 trillion (about US$12.31 billion) from Rp 108 trillion, eased pressure on Bank Indonesia`s interest rates.

Bank Indonesia has been raising interest rates to absorb the money supply, curbing pressure on inflation and the rupiah.

With a current base money supply at over Rp 111 trillion, the central bank has been reluctant to cut interest rates.

Instead, rates have been steadily rising even after the rupiah has firmed. From 14 percent early this year, Bank Indonesia`s three month promissory notes could test 18 percent this week.

Given the high rates, it has become difficult for banks to expand their lending portfolio to businesses.

Lowering the central bank`s interest rates is essential to allow banks to reduce theirs and thus lower the cost of borrowing for businesses.

"We hope that banks will soon resume its intermediary role in the economy," Bustanul explained.

Without the banking sector pushing investment, analysts remain gloomy over Indonesia`s economic growth outlook.

The government has said its economic priority is the creation of more jobs, which is a prerequisite for higher economic growth.

Economist Hadi Soesastro has estimated Indonesia`s economy must grow by 7 percent to absorb a 2.5 percent growth of the country`s work force.

Under the LoI, the government expects the economy, as measured by its Gross Domestic Product (GDP), to grow between 3 percent and 3.5 percent.

"For every increase of 1 percent in GDP, the government provides 400,000 new jobs," Bustanul continued.

Another boost for the real sector is the LoI`s demand for contingency funds worth Rp 3 trillion to help deficit provinces, he added.

The funds are part of the government`s fiscal decentralization policy to help the budgets of poorer regions.

"The funds will go to regional administrations for spending, meaning that it will be spent on local economies," Bustanul said.

He said that as the IMF largely dealt with monetary policies, most of the LoI`s impact on businesses would only be felt in the long term.

He cited as an example structural reforms, such as promoting good corporate governance and legal certainty, which would take time to bear fruit.

Turning to the informal sector of the economy, Bustanul said, the impact of the LoI there would be even less significant.

"It`s not the IMF`s job to deal with our informal economy, and the government also focuses more on the formal economy," he said.

Nonetheless, he said, the IMF and the government acknowledged the importance of the informal sector, which had absorbed much of the country`s work force when the manufacturing sector, as well as other sectors, went bust during the 1997 economic crisis.

Bustanul said the informal sector would benefit from the impact of which a healthier state budget would have on the economy.

National Economic Recovery Committee (KPEN) executive Anton J. Supit described the LoI as start-up capital for the government to lead the economy into recovery.

He said the signing of the LoI encouraged foreign investors to take interest again in Indonesia.

But Anton warned that most of the problems that had blocked their entrance were related to issues outside the LoI.

"Now that the door has opened to new investment, it will be up to the government to do its homework on cleaning up old problems," he said.

He cited rampant security threats, inconsistency in government policies and legal uncertainty as the real menace behind the disappearance of foreign investors.(bkm)

[Brokerprofi]

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[Nachdenken]

Es war und ist ein langer Weg mit dieser Aktie,
aber die Mühe wird sich lohnen, wenn auch erst in 2-3 Jahren, alles andere wären Träume.

Ich war vor kurzen erst in in Indonesien, habe mich dort Vorort trotz des Regierungswechsel informiert.
Es läuft dort besser und geht "Bergauf" wenn auch von einem sehr niedrigen Niveau und das trotz der Kirse in Japan.
Die Menschen haben wieder Hoffnung, der Regierungswechsel war Unblutig und lief sehr geordnet ab, die Religions- Unruhen auf Java und den beiden anderen Hauptinseln sind abgeklungen.
Also hoffen.

[broker*709]

Die schwere Last von BNII fällt bald ab, dann wird es auch wieder aufwärts gehen !

Die neue Regierung und IBRA macht jetzt endlich Nägel mit Köpfen !

Plan to swap Sinar Mas debt with govt bonds approved


JAKARTA (JP): The House of Representatives approved on Thursday the government`s plan to issue bonds to allow the Sinar Mas Group`s huge debts to Bank Internasional Indonesia (BII) to be transferred to the Indonesian Bank Restructuring Agency (IBRA).

The decision was taken by House Commission IX on the state budget and finance after a vote as legislators had failed to reach a unanimous agreement on whether to bail out BII at an earlier closed-door meeting late on Wednesday.

Under the plan, IBRA will take over Sinar Mas debts to BII worth US$1.059 billion plus Rp 1.8 trillion, and in return the government agency will inject the ailing bank with so-called "recycle bonds".

Later, the government will replace the recycle bonds with hedged bonds which are to carry a lower interest rate, namely the Singapore interbank offering rate (SIBOR) plus two percent compared to the current 12.5 percent on government bank bonds, so as to help ease the burden on the state budget. The hedged bonds will be equivalent in value to the Sinar Mas dollar-based debt in BII.

The transfer of Sinar Mas debt to IBRA is necessary in order to bail out and protect BII. The government argues that the conglomerate`s difficulties in repaying its $12 billion debt to foreign creditors could do serious damage to BII.

BII was founded by Sinar Mas, which was the country`s second largest business group prior to the 1997 financial crisis.

In return, Sinar Mas founding shareholders must pledge assets worth 145 percent of the group`s total debt to BII.

Legislators have expressed concerns, however, that the government might be unable to sell the assets when required as Sinar Mas might have also pledged the assets to its international bondholders as collateral.

There have also been worries that the government might have to face law suits from Sinar Mas international bondholders if it moved to acquire assets already pledged to the creditors.

These concerns have resulted in some legislators disagreeing with the bailout plan.

"Who can guarantee that the assets have not been put up as collateral for other loans," legislator Aberson Sihaloho asked Minister of Finance Boediono during a hearing on Wednesday.

Legislators have also asked the government to secure a personal guarantee from Sinar Mas shareholders, including aging founder Eka Tjipta Widjaja, so as to protect the interests of the state.

"The government seems to be reluctant to ask for Eka Tjipta Widjaja`s personal guarantee, but we insisted," said legislator Syamsul Balda of the Reform Faction.

"If Eka Tjipta Djaja is not cooperative, the government should take legal action and impose a travel ban if necessary," he said.

Meanwhile, IBRA Chairman I Putu Ary Suta said that the agency would conduct financial and legal audits on the assets pledged by Sinar Mas.

BCA

Meanwhile, Commission IX legislators decided to once again delay making a decision on whether to approve the government`s plan to divest a 51 percent stake in Bank Central Asia (BCA) this year.

"The deliberation of the BCA divestment plan has been postponed until Monday," legislator Paskah Suzetta said without elaborating.

The legislators were initially expected to reach a decision last Monday.

The BCA divestment plan is part of the government`s latest agreement with the International Monetary Fund to allow the later to disburse the latest $400 million tranche of its lending program to the country.

BCA was previously owned by the giant Salim Group, which had to surrender the bank to the government after it violated banking rulings by channeling funds to affiliated Salim firms in excess of prudential limits.

There has been speculation that the Salim family was trying to block the planned sale as it was still very interested in buying back the bank. At the moment, legislators are still against any move by Salim to buy back BCA or other assets already pledged to the government.(03)

[em.]

Glaubt jemand ernsthaft man könnte mit der Aktie 3-4 Cent wieder sehen (wäre immerhin eine Verzehnfachung!)

[Brokerprofi]

In einem veränderten Marktumfeld, das wieder Wachstumsraten zuläßt und bei künftig vernüftiger und restriktiver Politik in Bezug auf Kapitalerhöhungen (Sinnvoll wären vielleicht Reverse Splits in einem positiven Marktumfeld) sehe ich diese Kurse durchaus wieder.

[go2dive]

na immerhin:
Last Trade = 35 IDR
Volume = 674,230,016

[SunInvestor]

@go2dive und alle anderen

Das sieht wirklich nicht schlecht aus. Große Umsätze und wenn
man die Orderbücher anschaut, wurde alles, was zu 30 und 35
angeboten wurde, auch aufgekauft. Es liegen bereits große
Bid-Sätze zu 40 an. Vielleicht tut sich ja tatsächlich jetzt
was

Gruß
SunInvestor

[neuulmadi]

Hallo,

habe gestern früh bei Yahoo den Kurs verfolgt. Nachdem die Eröffnung noch mit 25 Rp. war, zog der Kurs über 30 auf 35, wobei im ASK schon 40 standen, dann jedoch der Handel (auch heute noch) ausgesetzt wurde.

Kennt jemand den Grund für die Kursaussetzung? Kann nach den letzten Ereignissen auf dem Parkett ja nur etwas positives sein.

Gruß neuulmadi

[go2dive]

fyi.

JSX suspends BII share transaction

JAKARTA (Bisnis): The Jakarta Stock Exchange suspended trading of Bank International Indonesia share in the second session following a price surge from Rp25 to Rp35 per share yesterday.
JSX senior official Yose Rizal said the bourse is still studying the cause of the price surge.

"We don`t know what caused it yet. We are probing it," he told Bisnis yesterday.

According to Yose, BNII share was suspended at. 11:46:02 WIB after the price surged from Rp25 to Rp30, heading towards Rp35. BNII share ended Rp5 higher at Rp35 yesterday with transaction volume 674.230 million worth Rp22.092 billion.

Banking analyst of Indosuez WI Carr Securities Mirza Adityaswara predicted the price surge might have been triggered by the agreement on recycled bond, the parliament has agreed on the issue.

"Then there is also hedge bond, so investors are more optimistic," he said.

After that, he continued, there is also going to be corporate actions, which will issue new shares with Bank Mandiri as the standby buyer. Bank Mandiri, he added, would buy BNII through the issuance of new shares. After that, Bank Mandiri will merge with BNI.

Handover assets

In the meantime, a market player said the surge was driven by Eka Tjipta Widjaya`s family`s move to hand over PT Sinarmas Multiartha assets to IBRA as an additional guarantee to pay the Sinar Mas Group`s debts. Rumor on increasing share holder settlement of Eka`s family sent BNII shares soaring, he added.

IBRA AMI Director Dasa Sutantio when asked to confirm the issue said Eka`s family has handed over all of their BII assets.

Sutantio said the shares handed over to IBRA by the family are listed companies like PT Indah Kiat Pulp & Paper Tbk, PT Pabrik Kertas Tjiwi Kimia Tbk, PT Pindo Delli and PT Lontar Papyrus. (shm

[Brokerprofi]

Kurse für Bank internat Indonesia laut Consors:

zwischen 0,003 und 0,03.

Auch wenn die Kurse bei 0,01, 0,02, 0,03 zum großen Teil Taxkurse sind, ist das doch sehr überraschend.
Hier scheint etwas im Gange zu sein.

[Brokerprofi]

Sorry,

Fehlinformation, - habe mich geirrt

[BXB]

Hallo brokerprofi,

BNII dürfte bei umgerechnet 45 Rupien so bei 0,005 oder 0,006 liegen und nicht so viel wie Du denkst *g*.

Trotzdem ein Anstieg von 100% !

Gruss

[Frakt@l]

... es ist schon interessant, dass man bei einem `kleinen` Kursanstieg von BNII gleich die Aktie vom Handel aussetzt. Ich kann mich nicht erinnern, dass man ähnlich rücksichtsvoll war, als die Aktie von 500 Rupiah auf 20 Rupiah gestürzt ist. Da sind wohl einige, die ein Interesse an dem niedrigen Kurs haben, auf dem falschen Fuß erwischt worden. Ob das alles mit rechten Dingen zugeht ....

Gruß Fraktal

[Mr Looser]

ich glaube nicht!!!!!!

es wollen andere sich erst richtig einkaufen??

wir sind ja in indonesien,noch fragen?

[projektionsmatrix]

Bin leider erst jetzt (innerhalb der letzten 2 Tage) in die aktuelle Diskussion dieses Threads gestossen.
Kann Frakt@l und Mr Looser nur zustimmen. Mein Einstieg 1999 in Bank Bali, Lippo Bank und BNII war langfristig konzipiert( mindestens 2005). Die Verluste bis heute dürften bei mindestens 70 - 80% liegen. Genauere Werte auszurechnen getraue ich mich schon nicht mehr. Damals waren die Kurse eigentlich schon unten. Was danach kam ist bekannt. Maßlos wütend hat mich die Art gemacht, in der es kam. Indonesische Banken sind eine einzige Verarschung und wie es aussieht werden wir wieder einmal verarscht. Aber ich kann immer noch mit meiner mehr als 1 Mio Aktien mein Klo tapezieren oder vielleicht noch mehr als ein Klo. Vielelicht sieht es gut aus?
Wie groß sind diese Aktien? Welche Farbe haben sie ? Kann mir jemand helfen ?

Gruß p-matrix

[SunInvestor]

Mittlerweile glaube ich auch an Manipulation. Heute hat der
Kurs bei 25 Rupia geschlossen. ein Minus von 10 Rupia. Der Witz:
Allein der letzte Handel ging mit lächerlichen 15.000 Aktien zu
25 Rupia über den Tisch. Alle anderen zu 30 bzw. 35. Hier hat
wohl jemand offensichtlich nach Absprache einen letzten Handel
in aberwitzigem Umfang durchgeführt, um den Schlusskurs nach unten
zu drücken. Fragt sich nur, wer daran Interesse hat??!!

[Mr Looser]

Ist doch klar! wenn die Aktie unten bleibt,dann sind die
Kurssprünge größer ausdem wird das vertrauen in dem
Papier unter graben, von der Politischenseite wollen wir mal Gar nicht reden! von 25rup auf 30rup ist mehr Prozente als 150 auf 155rup,das schnelle Geld ruft!

[broker*709]

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[broker*709]

IBRA - weiter so !!

Joint Press Release
Bank Indonesia And Indonesian Bank Restructuring Agency
Bank Indonesia Freezes And Hands Over PT Bank Unibank Tbk To IBRA

30/10/2001


Based on the Decree of the Governor of Bank Indonesia No.3/9/KEP.GBI/2001 dated 29 October 2001, Bank Indonesia had decided PT Bank Unibank Tbk to be operationally frozen and to hand it over to the Indonesian Bank Restructuring Agency (IBRA). The handover of the bank to IBRA is pursuant to the implementation of the government guarantee program for repayment customers` fund at PT Bank Unibank, Tbk. With the guarantee program implementation in effect, the public is called on to remain calm because all the rights of saving/deposit account holders will be handled by the Government pursuant to the prevailing regulations.

Since 1998 Bank Indonesia has taken various supervisory efforts for PT Bank Unibank, Tbk including replacement of the management board members, capital placement, suspension of certain activities under the Cease and Desist Order (CDO) scheme. Regardless of the efforts, the conditions of PT Bank Unibank, Tbk continued to worsen and as from November 2000 Bank Indonesia has put PT Bank Unibank, Tbk under special surveillance of Bank Indonesia.

Although the owners and management of PT Bank Unibank have been given time more than actually required under Bank Indonesia`s special surveillance period to overcome its problems, the bank`s financial condition continued to get worse and even suffered debit balance. Against this bank, no more guidance treatment can be pursued due to structural problems mainly the negative Minimum Paid-up Capital Requirement (KPMM), high-level Non-Performing Loan (NPL) and violation of Legal Lending Limit. The problem stems mainly from the bank`s account receivables to its affiliated groups for time draft facilities (WEB) which have fallen under non-performing category.

Due to the aforementioned conditions, effective from 29 October 2001 Bank Indonesia has frozen the bank operations and surrendered PT Bank Unibank, Tbk to the Indonesian Bank Restructuring agency (IBRA). This step is pursuant to the mechanism and procedure stipulated in the Bank Indonesia Regulation No.2/11/PBI dated 3 March 2000.

The handover to IBRA is aimed at resolving the bank liabilities through the government guarantee program, settlement of employees` rights, and recoup of state fund and other related matters in accordance IBRA`s authority as stipulated in the prevailing regulations.

Based on the Law No. 10 Year 1998 on Banking as referred to the Government Regulations No. 17 Year 1999 on the Indonesian Bank Restructuring Agency, all rights and authority of the management board members, shareholders and Shareholder General Meeting have been ceded to IBRA as from 29 October 2001. With the handover of PT Bank Unibank, Tbk (BBKU) to IBRA, IBRA will take security measures on the bank assets including document and information. Follow-up steps by IBRA include deployment of Task Force at each all bank offices.

The saving/deposit customers are called on to remain calm as the Government has guaranteed customer fund commensurate to the clauses under the Government Guarantee Program. The repayment of fund to the customers by IBRA will commence on Monday, 5 November 2001.

IBRA will conduct the payment at each branch office with the following procedures:

Customers come to the branch office of PT Bank Unibank, Tbk (BBKU) where they signed up for account application and show up authentic legal identity cards (Residential ID/Driving License/Passport, etc.) as well as original proof of saving/deposit account holding at the bank.
The bank will give customers a cheque bearing the customer`s name (issued by PT Bank Danamon, Tbk) valued in accordance with the nominative list.
Interest on the checking account, savings and deposit accounts will be calculated as at 26 October 2001.
Customers can redeem the cheque at any branch office of the bank appointed by IBRA.
The employees of PT Bank Unibank, Tbk (BBKU) are expected to assist with the bank customer handling process as well as securing the bank assets. Such assistance is expected to expedite the process of settlement of the bank employees themselves.

[Frakt@l]

BNII hat im 3.Q.2001 wieder Geld verdient ... (Achtung, der Artikel beginnt mit einer Falschmeldung (Verlust im 3.Q.2001), die dann weiter unten korrigiert wird (Gewinn im 3.Q.2001).

Friday November 2, 1:10 PM

Indonesia BII/Loss -3: Interest Income IDR118 Bln
(MORE) Dow Jones Newswires 02-11-01, 0349GMT



Losses In First 6 Months IDR179B

JAKARTA (Dow Jones)--PT Bank Internasional Indonesia (P.BII), one of Indonesia`s largest banks, recorded a net loss of 169 billion rupiah ($1=IDR10,615) in the first nine months of the year, swinging from a profit of IDR182.62 billion in the same period last year.

The bank managed to narrow its losses in its third quarter ended September. Cholil Hasan, head of BII`s caretaker team, told reporters late Thursday that the bank`s net losses were IDR179 billion in the first six months of the year.

Cholil said BII`s capital adequacy ratio was 14.1% as of Sept. 30.

Capital adequacy ratio is a comparison between equity capital and risk weighted assets.

(MORE) Dow Jones Newswires 02-11-01

0409GMTDJ CORRECT: Indonesia BII Records Net Profit, Not Loss In 3Q

PT Bank Internasional Indonesia recorded a net profit in the third quarter ended September after losses in the first half.

(In an item timed around 0408 GMT (11:08 p.m. EST Thursday), it was misstated that the bank narrowed its losses in the third quarter.)

(MORE) Dow Jones Newswires 02-11-01

0445GMT Interest Income IDR118 Bln

Cholil said the bank had interest income of IDR118 billion during the first nine months of the year. Deposits and savings amounted to IDR24 trillion as of end-September, he added.

BII`s nonperforming loans in the same period totaled IDR3 trillion, excluding the $1.2 billion bad debt to its founder, the Sinar Mas group, he said. Most of the $1.2 billion in loans were provided to the group`s Asia Pulp & Paper Co. (P.PAP).

Singapore-based APP has announced a standstill on the payment of its $13 billion debt. Its debt woes have dragged down the financial health of publicly listed BII.

The government nationalized BII in 1999 after injecting funds into the bank. Earlier this year, the government said it will remove the debts of the Sinar Mas group from BII`s books by year-end.

State-owned PT Bank Mandiri intends to buy a stake in BII.

Gruss Fraktal

[Frakt@l]

Jetzt scheint der Übernahme von BNII durch die Bank Mandiri nichts mehr im Weg zu stehen ...

Friday November 2, 4:40 PM

Jakarta set to issue $1 bln bonds for BII

JAKARTA, Nov 2 (Reuters) - Indonesia said on Friday it would issue $1 billion in dollar-linked bonds next week as part of attempts to help troubled Bank Internasional Indonesia (BII), the country`s fifth largest bank in terms of assets, stay afloat.

The bonds will replace a large chunk of BII`s $1.3 billion in loans extended to the country`s second-largest conglomerate and its former owner, the embattled Sinar Mas Group.

"Next week the...bonds will be issued. The amount is about the same," Finance Minister Boediono told reporters, referring to a September agreement between the government and parliament to issue the bonds for a debt swap.

The bond issue will pave the way for state-run Bank Mandiri, Indonesia`s largest bank, to take over BII and help efforts to stabilise the battered banking system following several years of crisis.

Mandiri has planned to take over BII for several months, but had expressed concern about how the Sinar Mas debt to BII would be handled.

Boediono said Mandiri had completed a due diligence of BII, and only administrative matters were left to be resolved. He gave no further details.

The bonds to be issued will be mostly three-month to three-year rupiah bonds with a variable dollar interest rate of SIBOR (Singapore Interbank Offered Rate) plus 200 basis points.

Sinar Mas` key unit, Asia Pulp & Paper (APP) , is restructuring a massive $12.2 billion in debts, raising concerns the conglomerate would struggle to cover its obligations to BII.

Gruss Fraktal

[go2dive]

Mandiri acquisition of BII under review

JAKARTA (Bisnis) The plan to acquire PT Bank Internasional Indonesia Tbk. by Bank Mandiri has come under review pending a study by a task force of IBRA, as the government is in search of an optimal option in nursing national banks back to health.
"It can go either way. The government wants a second opinion from the IBRA task force, which plans to deliver the result this month so that we can make a final decision," said State Minister of State Firms Laksamana Sukardi here yesterday.

Meanwhile, IBRA deputy chief Felia Salim said the main thing is to resolve BII`s problems.

"BII is safe as loans to the Sinar Mas Group have been taken out from the bank. If anything happens, the banking system would not be upset."

A due diligence on Bank Mandiri as a buyer is not final yet, she added.

Laksamana said the review on Bank Mandiri`s acquisition of BII is done in the context of the government to merge banks under IBRA, as the number of them is too large.

Any merger is done to consolidate banks strengthen the banking system and raise their efficiency, he added.

A Bisnis source said that only small recapped banks would be merged.

These are banks with marginal CAR or problematic ones.

"Banks with deficient capital, for example, would be paired off with banks with a high CAR. But there has been pressure from the management of recapped banks that they be merged," he said.

The source further said that as BII remains in poor condition, there is a chance that the bank would be merged with other recapped banks.

The question is, he added, which bank would be the surviving bank.

On the same occasion, the state minister said that the government has approved a hedge bond worth US$1.059 billion against assets of Sinar Mas Group in Bank Mandiri.

"57% of BII is owned by the government, so we hope the hedge bond would enable BII to improve its performance."

Laksamana also urged the public not to worry about banks in Indonesia, as the government is committed to guarantee third party deposits. (04/yn/gps)


ciao & schoenes Wochenende
go2dive

[Frakt@l]

Indonesien ist schon ein echtes Chaotenland. Heute so und morgen so. Kein Wunder, dass die nicht auf die Füsse kommen.

Saturday November 3, 2:57 PM

Planned Indonesian bank takeover under a cloud
By Soraya Permatasari

JAKARTA (Reuters) - A plan by Indonesia`s largest bank, state-run Bank Mandiri, to take over another embattled financial institution as part of efforts to strengthen the frail sector appears to have run into trouble.

Speaking at a news conference late on Friday, State Enterprises Minister Laksamana Sukardi cast doubt on the planned takeover of Bank Internasional Indonesia (BII) , the country`s fifth largest bank in terms of assets.

"The acquisition plan involving BII can change and (we) are seeking a second opinion...hopefully there will be a final decision this month. It might go ahead or it might not," Sukardi said without elaborating.

A financial source involved in the takeover told Reuters on Saturday the plan might be aborted because of BII`s poor financial situation.

That would allow Mandiri to focus on its long-planned initial public offering, which has been delayed by the intended acquisition, said the source, who declined to be identified.

"There are many problems (with BII) and it appears Mandiri is reluctant to proceed with the acquisition," the source said.

Mandiri officials were not available and a BII executive reached by telephone would only repeat what Sukardi said.

The news came as a surprise since the government earlier on Friday said it would issue some $1 billion in bonds next week to replace a large chunk of BII`s $1.3 billion in troubled loans to its former owner, the Sinar Mas Group.

What would happen to that debt has worried Mandiri, and the government devoted much effort to resolving the issue and getting the green light from parliament for the debt swap.

Mandiri`s takeover plan was announced last July.

But the doubt over the acquisition and BII`s own knotty debts show that even after spending a massive 650 trillion rupiah ($60.7 billion) to rescue its banks in the aftermath of the Asian financial crisis, Indonesia`s financial system remains fragile.

Indonesia`s slowing economy and a persistently weak rupiah have made things worse, especially for companies burdened by foreign debts and local obligations carrying high interest rates.


SINAR MAS DEBTS WEIGH HEAVILY

The government took over BII from Sinar Mas Group following the bank`s recapitalisation in the wake of the Asian financial crisis of the late 1990s.

Mandiri`s plan to take over BII arose when Sinar Mas failed to service its debts to BII after they were restructured under a separate deal with the Indonesian Bank Restructuring Agency (IBRA), which holds 57 percent of the bank.

The default forced the government to seek ways to help the bank stay afloat to avoid further denting already low confidence in the country`s financial system.

Sinar Mas is also the controlling shareholder of debt-laden Asia Pulp & Paper (APP) , which is struggling to restructure a massive $12.2 billion in debt. Of the $1.3 billion in Sinar Mas debts to BII, APP owes about $1 billion.

The International Monetary Fund has previously warned Indonesia over Mandiri`s plan to take over BII, saying it might burden Mandiri as the bank had yet to fully complete its own merger process. Mandiri was created in 1999 from the merger of four ailing state banks.

The BII executive, Halim Sutanto, a member of the bank`s government-appointed management team, said the bank booked 159 billion rupiah in net losses for the first nine months of the year from a net profit of 182.62 billion rupiah a year ago.

At the end of September the bank`s capital adequacy ratio, which measures capital against risk-weighted assets, stood at 14.1 percent. The non-performing loan ratio was at 18 percent.

"But that NPL figure excludes the Sinar Mas loans," Sutanto added. BII closed unchanged at 20 rupiah on Friday.

Gruss Fraktal

[go2dive]

ich sehe das so:
sollte Mandiri den Grossteil von BII uebernehmen, dann
wird Mandiri an die Boerse gehen,..die BII-Anteile werden
dann wohl in Mandiri-Anteile (natuerlich zu einem fuer uns
beschissenen Kurs) umgewandelt.

Oder es gibt einen alternativen Investor der die IBRA-
Anteile uebernimmt,.. (von solch einem war ja schonmal
die Rede).. und BII bleibt eigenstaendig, was mir
persoenlich lieber waere...noch lieber waere mir die
Uebernahme durch eine arabische od. andere auslaendische
Bank . Wichtig ist aber das endlich die Sinar Mas
Schulden wegkommen.

ciao go2dive

[go2dive]

November 04, 2001
Legal merger of banks expected this year: Official
Berni K. Moestafa, The Jakarta Post, Jakarta

The legal merger of recapitalized banks may be completed by
the end of this year, a government official said, signaling
efforts to avoid further liquidation by forcing weak banks
to meet this year`s capital adequacy ratio (CAR) target on
time.

Minister for State Enterprises, Laksamana Sukardi said the
government hoped to merge recapitalized banks as quickly as
possible. "If it`s (the merger) like Bank Mandiri, a legal
merger is possible this year," Laksamana told reporters
after a meeting with banks Thursday night.

The government said on Thursday it planned to merge banks
that had remained unhealthy even after receiving
recapitalization bonds to lift their CAR levels.
The statement came just three days after Bank Indonesia
shut down PT Unibank whose CAR had dropped below zero.
CAR measures a bank`s financial health by comparing its
capital against its risked weighted assets, that includes
loans.

Runs on several banks marked the fallout of Unibank`s
closure as public confidence in private banks slipped
further. Analysts said chances of more bank liquidations
remained high, given the still weak condition of the
banking sector. The government did not release any of the
names of the banks that it had earmarked for mergers.

Laksamana said there were banks currently being supported
by the Indonesian Bank Restructuring Agency (IBRA).
But he added state-owned banks may be included.
Under a legal merger, banks` operations remained separated
although technically they are regarded as one entity.

The next step is the operational merger, which consolidates
the banks` financial status and disposes of their old
identities. Laksamana said he preferred to follow the
merger concept of Bank Mandiri - the outcome of four state
banks merging in 1999.

The other scenario is the appointing of one strong bank to
become a "mother bank", into which smaller banks would be
merged. "Rather than creating one mother bank, it`s better
to establish a new entity," Laksamana said. But
collectively, the new entity must have a CAR level of at
least eight percent to survive the liquidation threat.

One bank, he added, that may be involved in a merger
process was Bank Prima Express. Whereas for the publicly
listed Bank Niaga, he added, privatization was preferable.

Laksamana also did not rule out the possibility of further
consolidation of merged banks like Bank Mandiri and Bank
Danamon, which once consisted of eight different banks.

"Merger is the global trend now, why don`t we head the same
direction," he said. Since the Sept. 11 terrorist attacks
in the United States, he said, banks` conditions had
worsened enough to prompt further mergers

"NPLs (non-performing loans) are rising, banks` earning
targets and capital are under pressure," he explained.

[realBateman]

Hallo Volk,

was ist jetzt momentan Eure Meinung zu BII? Gut und recht, es wird in Indonesien viel debatiert, was mir irgendwie auch nicht weiterhilft. Denkt Ihr BII wird noch einmal aufgefangen - übernommen? Meine Aktien zur Zeit zu verkaufen macht überhaupt keinen Sinn mehr, also ist abwarten angesagt. Mich interessiert momentan auch nicht, ob der Kurs noch 5 oder 10 Jahre braucht, um wieder auf 5 cents zu steigen, sondern nur, ob es die Bank die nächsten Jahre noch geben wird. Was habt Ihr für ein Gefühl diesbezüglich. Kann mir momentan kein eigenes Bild vor Ort machen, da der nächste Urlaub noch ca. 6 Monate zu warten hat.

Ein sich auf Totalverlust Eingestellter!

[go2dive]

es ist immerhin die 5`t groesste Bank.
Falls die in den Sand gesetzt wird
dann bricht im Bankensektor das Chaos
aus. Darum hat der Staat ein grosses
Interesse die Bank nicht Platt zu machen..

ciao go2dive

[broker*709]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Brokerprofi]

Geplante Übernahme von BII droht zu scheitern:

Planned Indonesian bank takeover under a cloud

--------------------------------------------------------------------------------
By Soraya Permatasari JAKARTA, Nov 3 (Reuters) - A plan by Indonesia`s largest bank, state-run Bank Mandiri, to take over another embattled financial institution as part of efforts to strengthen the frail sector appears to have run into trouble. Speaking at a news conference late on Friday, State Enterprises Minister Laksamana Sukardi cast doubt on the planned takeover of Bank Internasional Indonesia (BII) , the country`s fifth largest bank in terms of assets. "The acquisition plan involving BII can change and (we) are seeking a second opinion...hopefully there will be a final decision this month. It might go ahead or it might not," Sukardi said without elaborating. A financial source involved in the takeover told Reuters on Saturday the plan might be aborted because of BII`s poor financial situation. That would allow Mandiri to focus on its long-planned initial public offering, which has been delayed by the intended acquisition, said the source, who declined to be identified. "There are many problems (with BII) and it appears Mandiri is reluctant to proceed with the acquisition," the source said. Mandiri officials were not available and a BII executive reached by telephone would only repeat what Sukardi said. The news came as a surprise since the government earlier on Friday said it would issue some $1 billion in bonds next week to replace a large chunk of BII`s $1.3 billion in troubled loans to its former owner, the Sinar Mas Group. What would happen to that debt has worried Mandiri, and the government devoted much effort to resolving the issue and getting the green light from parliament for the debt swap. Mandiri`s takeover plan was announced last July. But the doubt over the acquisition and BII`s own knotty debts show that even after spending a massive 650 trillion rupiah ($60.7 billion) to rescue its banks in the aftermath of the Asian financial crisis, Indonesia`s financial system remains fragile. Indonesia`s slowing economy and a persistently weak rupiah have made things worse, especially for companies burdened by foreign debts and local obligations carrying high interest rates. SINAR MAS DEBTS WEIGH HEAVILY The government took over BII from Sinar Mas Group following the bank`s recapitalisation in the wake of the Asian financial crisis of the late 1990s. Mandiri`s plan to take over BII arose when Sinar Mas failed to service its debts to BII after they were restructured under a separate deal with the Indonesian Bank Restructuring Agency (IBRA), which holds 57 percent of the bank. The default forced the government to seek ways to help the bank stay afloat to avoid further denting already low confidence in the country`s financial system. Sinar Mas is also the controlling shareholder of debt-laden Asia Pulp & Paper (APP) , which is struggling to restructure a massive $12.2 billion in debt. Of the $1.3 billion in Sinar Mas debts to BII, APP owes about $1 billion. The International Monetary Fund has previously warned Indonesia over Mandiri`s plan to take over BII, saying it might burden Mandiri as the bank had yet to fully complete its own merger process. Mandiri was created in 1999 from the merger of four ailing state banks. The BII executive, Halim Sutanto, a member of the bank`s government-appointed management team, said the bank booked 159 billion rupiah in net losses for the first nine months of the year from a net profit of 182.62 billion rupiah a year ago. At the end of September the bank`s capital adequacy ratio, which measures capital against risk-weighted assets, stood at 14.1 percent. The non-performing loan ratio was at 18 percent. "But that NPL figure excludes the Sinar Mas loans," Sutanto added. BII closed unchanged at 20 rupiah on Friday. ($1 = 10,700 rupiah)

[realBateman]

Was wird passieren, wenn die geplante Übernahme nicht funktionieren sollte?

Bankrott? Umschuldungsmaßnahmen?

Olè,
Bateman

[Frakt@l]

Damit ist wohl erst einmal eine wichtige Hürde für das Überleben von BII genommen. Der Kurs ist heute jedenfalls wieder auf 30 Rupiah gestiegen und das bei einem Umsatz von fast 300 Millionen Aktien ! Nur in Deutschland lag der Kurs nach wie vor bei 0,002 €, also ca 30% günstiger als in Jakarta.

Tuesday November 6, 10:15 AM

Jakarta issues $1.1 bln bonds for BII

JAKARTA, Nov 6 (Reuters) - Indonesia`s government has issued 11.882 trillion rupiah ($1.1 billion) in dollar-linked bonds for troubled PT Bank Internasional Indonesia (BII) as part of efforts to help it stay afloat, an official said.

The bonds, issued late on Monday, replaced the dollar portion of BII`s some $1.3 billion worth of troubled loans extended to the country`s second-largest conglomerate and its former owner, the embattled Sinar Mas Group.

They are rupiah-denominated with interest paid in dollars.

"The 11.882 trillion rupiah approximately represents Sinar Mas`s portion of debts in dollars," chairman of the Indonesian Bank Restructuring Agency (IBRA), I Putu Gde Ary Suta, told reporters late on Monday.

IBRA controls 57 percent of BII after it took control of the bank at the height of the Asian financial crisis in the late 1990s. BII is Indonesia`s fifth largest bank in terms of assets.

It was unclear if the bond issuance would clear up uncertainty over a plan by Indonesia`s largest bank, state-run Bank Mandiri, to take over BII.

Last week the state enterprises minister cast doubt over the plan while a financial source involved in the takeover said it might be aborted because of BII`s poor financial situation.

Ary Suta said the government used an exchange rate of 10,869.22 rupiah to the dollar in the transaction.

The bonds carry an interest rate of SIBOR (Singapore Interbank Offered Rate) plus 200 basis points, to be paid every three months for two years starting from 2002, Ary Suta added.

Ary Suta also said the founding family of Sinar Mas, the Widjajas, had agreed to give a long-awaited personal guarantee from Eka Tjipta Widjaja, the 78-year-old ethnic Chinese founder of the group, over an earlier debt deal with the government.

Under that deal Sinar Mas pledged to the state certain shares and assets in its key Asia Pulp & Paper (APP) unit in return for a government guarantee on the $1.3 billion of debts to BII.

A guarantee from Widjaja -- which would cover any shortfall in the assets pledged -- was a condition set by parliament when it approved issuance of the dollar-linked bonds in September.

"The personal guarantee from Eka Tjipta will be...handed...to IBRA this Thursday," Ary Suta said.

APP itself is undergoing a massive restructuring of more than

$12.2 billion in debts.

($1=10,950 rupiah)

Gruss Fraktal

[go2dive]

13 Public banks report minimum 8% CAR

JAKARTA (Bisnis): The Jakarta Stock Exchange has only received the capitaladequacy ratio reports of thirteen public banks-from a total of 23 public banks-and all has met BI`s minimum CAR requirement of 8%, said an official.
"We have sent letters to banking issuers to respond to the JSX` 31 October letter that had asked for information of their financial performance and other material information. Up until today [yesterday] we only received 13 banks," JSX`s senior official Yose Rizal told Bisnis yesterday.

According to him, JSX will soon re-send letters to banks that have not send their 30 September 2001 financial reports. "We will send the letters within one or two days."

In the meantime, according to JSX`s announcement dated 2 and 5 November, 12 of the 13 public banks have exceeded the 8% CAR condition. The CAR position of the other bank, Bank CIC, is at 4.9%. But the latest development showed the bank has improved its CAR to 8.33% after it received a capital injection of Rp105 billion.

The thirteen public banks that have submitted their reports to JSX are Bank CIC, Bank Panin, Bank Victoria, Bank BNI, Bank Mayapada, Bank Lippo, BCA, Bank Global, Bank Pikko, Bank Danpac, Bank Niaga, and Bank Mega.

The other ten banks that have not submitted financial reports are Bank Arta Niaga Kencana, Bank Buana Indonesia, Bank Nusantara Parahyangan, Bank Danamon, Bank Eksekutif International, Bank International Indonesia, Bank Bali, Bank Universal, Bank NISP, and Bank Unibank. The operation of the latter has been frozen but JSX has not delist it off the bourse yet.

Bank Gobal recorded the highest CAR with 37.28%, followed by BCA and Bank Danpac with 36.72% and 30.32% respectively. Bank Global, as unveiled by its director Rico Santoso, also reported that its non-performing loan ratio stands at 4.10% and loan-to-deposit ratio at 29.31%.

Bank Danpac is the bank with the smallest non-performing loan rate at only 0.04%, followed by Bank Mega with 0.32%, and Bank Victoria at 1.82%. Meanwhile Bank Inter-Pasifik is a bank with the highest NPL with 62.50%. (04)

[go2dive]

Eka gives personal guarantee

JAKARTA (Bisnis): IBRA has received Eka Widjaja`s personal guarantee in connection with Sinar Mas Group (SMG)`s obligation in Bank International Indonesia.
IBRA`s chairman I Gede Ary Suta declared yesterday personal guarantee awarding constitutes continuation settlement agreement among BII, SMG and IBRA on February 3, 2001.

"Signing of Eka Widjaja`s personal guarantee is to be a fulfillment of requirement determined by IBRA`s stakeholders, including the House of Representatives, and this constitutes initial step to safeguard state wealth," said Putu to the press in Jakarta yesterday.

The awarding was marked by script signing by Eka Widjaja and chair of IBRA. On the day Eka Widjaja was accompanied by his son Indra Widjaja and Franky Widjaja. Also present was AMI director of IBRA Dasa Sutantio.

Putu explained generally personal guarantee comprises three main deals, firstly, personal guarantee of Eka Tjipta Widjaja for the fulfillment of Sinar Mas Group obligation and his sons that earlier have also given personal guarantee. Secondly, the personal guarantee is self-binding to conduct payment in case of SMG and his sons` inability to fulfill their obligation on time.

Thirdly, with the personal guarantee, IBRA will continue restructuring SMG`s debtors that requires IBRA`s approval well acceptance of the guarantor by IBRA. Adding that in credit restructuring process, personal guarantee includes in the same package for debt settlement. SMG, he said, has handed over some assets as part of SMG`s debt settlement.

However up till now, he continued, IBRA is still assessing assets submitted by SMG, whether it reaches 145% of its debt or not to comply with provision of guarantee assets of total obligation in IBRA.

Putu explained evaluation over SMG`s assets is being done by auditing company Henry Bucek.

IBRA, he continued, has received commitment that SMG is voluntarily willing to hand over other assets. "The Widjajas have been ready to voluntarily hand over some companies such as milk producer Indomilk and Einkel."

IBRA`s AMI`s director Dasa Sutantio explained personal guarantee position is not intended for valuation but is concerned with payment. "The guarantee will be kept by the government until all SMG`s debt paid over".

Ex president director of BII indra Widjaja admitted the company is still interested in buying BII stock. However, in such critical economic condition of Widjaja`s family they put more priority to fulfilling obligation to IBRA.

"We are somehow still interested, we have not ability to buy it any longer. The company`s assets have given to IBRA. Our pulp company has a capacity of three millon tons per year. Should the price is US$2,000 per ton, this means we can provide US$6 billion in cash," Indra calculated. (yn)

[go2dive]

`BII acquisition of Mandiri to be decided at end of month`

KEBUMEN (Bisnis): Bank Mandiri is set to acquire PT Bank Internasional Indonesia Tbk. by the end of the month, as a due diligence on the latter is set to be completed.
"If it can be acquired commercially, it will be done. But that depends on the due diligence over BII," Djaman Sumadidjaya, vice president and corporate secretary of Bank Mandiri, told Bisnis here yesterday.

"A team will expose the due diligence at the end of the month."

Earlier, State Minister of State Firms Laksamana Sukardi said that the acquisition of BII by Bank Mandiri is being reviewed pending a study made by an IBRA task force, as the government still seeks the optimal option.

"The government needs a second opinion from IBRA," said Laksamana.

Meanwhile, economist A.R. Karseno said BII`s condition would worsen if Bank Mandiri cancels its takeover plan, leading to uncertainty.

"BII faces quite serious liquidity problems and is bleeding all the time," he said.

"The political costs are dear if the plan is canceled," he said.

Karseno also shared his view, saying, "there is a cost to be paid over BII`s uncertain future. (ybw)

[go2dive]

es faellt auf dass in letzter Zeit immer am Handelsende
versucht wird den Kurs auf 30IDR zu bringen..
ciao go2dive

[broker*709]

Umfangreicher Bericht des IMF, was meint Ihr dazu ?

IMF Statements at Donor Meetings 2001 | 2000

For more information, see Indonesia and the IMF


Consultative Group Meeting for Indonesia

Jakarta, November 7-8, 2001

Statement by Mr. Daniel Citrin, Assistant Director, Asia & Pacific Department, IMF

1. Ladies and Gentlemen, thank you very much for the opportunity to be here today and to report to you on the status of the Government of Indonesia`s economic program, supported by the IMF`s extended arrangement. As all of you are aware, in September, the IMF`s Executive Board approved the third review of the extended arrangement with Indonesia. The review was based on the government`s adoption of early confidence-building measures, as well as its resolve to maintain macroeconomic stability and reinvigorate reforms. An IMF team is beginning discussions this week with Coordinating Minister Dorodjatun and the government`s economic team on the fourth review under the IMF program.

2. The economic context for the implementation of the program is perhaps uniquely challenging at this juncture. The new government inherited a fragile economic situation that called for greater progress in critically needed structural reforms that lagged significantly behind schedule. The need to accelerate these reforms, and provide a firm basis for future growth, job creation, and poverty reduction, has been made ever more urgent by the aftermath of the events of September 11 and the evident global slowdown. I would like to note three aspects of the current economic context that warrant particular attention in that regard:

· Market sentiment has weakened significantly since September 11. Although conditions improved substantially in August on hopes of a return to political stability and early initiatives on economic policy, this optimism has been eroded by concerns related to events following the U.S. military action abroad as well as the effects of the global slowdown. The market has also taken note of delays in certain key reforms. The rupiah has weakened significantly more than other regional currencies, to once again breach the Rp 10,000 per dollar level, and the stock market also has been under downward pressure.

· The depreciation of the rupiah comes at a time when the risk of inflation has re-emerged, with the rate of price increase now in the 12-13 percent range. As a result, it has become more difficult to make the macroeconomic policy mix more supportive of growth. With a weak rupiah putting direct upward pressure on prices, and risk premia high, there has been no scope so far for reducing interest rates. Weakness in the rupiah also adds to pressures on the budget and creates a less conducive environment for progress in corporate restructuring.

· All this occurs at a time when Indonesia`s economic recovery is slowing. With weakening domestic and external conditions, real GDP growth for 2001 is now expected to slow to 3 percent, well below the 5 percent assumed in the original 2001 budget.


3. The latest developments highlight the vulnerability of the Indonesian economy and expose the distance that Indonesia still needs to travel to return to a path of sustained growth. The full impact of the global downturn on Indonesia`s economic recovery is still uncertain. However, it is clear that the government must press ahead with its macroeconomic and structural reform program. Particularly in a world where markets are increasingly differentiating among emerging market borrowers, the priority must be to reassure domestic and international investors that the strategy for economic recovery remains intact. Any other approach will risk a prolonged and even further weakening in the investment climate, and added delays to Indonesia`s recovery from the 1997-98 crisis.

4. The main policy requirements in such an approach lie in the following key areas, which are by now familiar to all of you:

· Making decisive progress towards fiscal sustainability and a reduction of Indonesia`s large public debt burden;

· Making headway in restructuring and privatizing assets held by the public sector;

· Implementing a monetary policy aimed at bringing inflation back to single digits over the course of next year;

· Strengthening efforts to reduce vulnerabilities in the banking system and restore a functioning credit mechanism; and

· Accelerating efforts to improve the investment climate through governance and legal reforms.
Let me now turn to discussing each of these important areas in some further detail.

Fiscal Sustainability and the Macroeconomic Framework

5. The government is making a strong effort to re-establish a sustainable fiscal position. Through adherence to a conservative medium-term budget consolidation path, the government plans to reduce its debt to a manageable level.

6. In 2001, Indonesia`s fiscal outlook was significantly affected by the costs of decentralization and servicing the domestic debt that stemmed from the recapitalization of the banking system, as well as a weakening in the macroeconomic environment early in the year. The government and Parliament moved together in June to pass a revised budget aimed at containing the deficit in 2001 to 3.7 percent of GDP, the original budget target. We recently had the opportunity to review with the government the 2001 budget situation. The review indicated that revenues and expenditures appear to be evolving in line with the budget targets. There was a concern, however, that financing could fall short of the levels assumed in the budget. In order to avoid undue spending compression, the government is putting into place a comprehensive plan to address the financing problem, including steps related to asset sales, privatization, and reforms linked to external donor support.

7. Turning now to fiscal policy in the period ahead, let me start with the macroeconomic framework that underpins the 2002 budget. The budget is based on economic growth of 4 percent next year, and inflation of 9 percent. Despite the difficult external environment confronting Indonesia, we believe that these targets, while ambitious, are still achievable, provided policies are both strengthened and implemented consistently.

8. The current account surplus is projected to narrow in 2002, possibly sharply. Given the weak outlook for oil prices, the trade surplus is likely to narrow. Also, the prospects for income from tourism have clearly weakened. To maintain an adequate level of reserves amid this outlook, the persistent deficit on capital flows will have to be reduced. Clearly the priority must be on reducing private capital outflows, which will require strengthened policy implementation to boost investor confidence. However, continued inflows of official capital will also be needed.

9. This macroeconomic framework is clearly subject to significant downside risks and an immediate priority of our joint work with the authorities is to identify measures to mitigate these risks. Early measures in the key structural reform areas to improve market confidence in the program and ensure access to official financing will be critical in this regard.

10. With that as background, we welcome the passage by Parliament of the budget for 2002. The budget clearly signals the government`s commitment to restoring fiscal sustainability under difficult economic conditions. It targets a substantially lower deficit of 2.5 percent of GDP, based on conservative assumptions for key economic variables such as the exchange rate and interest rates.

11. To achieve the deficit target, Parliament has approved a package of measures-equivalent to about 2 percent of GDP-to increase non-oil revenues and reduce untargeted subsidies. The budget thus includes new tax policy initiatives to strengthen the income tax and broaden the base of the VAT, as well as measures to improve tax administration, particularly for large taxpayers. A technical assistance team from the IMF`s Fiscal Affairs Department is currently in Jakarta to assist with the detailed design of the proposed programs to strengthen large taxpayer compliance and arrears collection.

12. The budget also includes further increases in fuel and electricity prices to reduce energy subsidies. Before these price increases are effected, it is critical that adequate compensation mechanisms are in place to protect the poor. Efforts are also being made to secure savings in the wage bill. Such improvements in the structure of the budget provide scope for an overdue increase in outlays on programs to improve the delivery of basic social services such as education, health and social welfare.

13. The government has set ambitious targets for receipts from IBRA asset recoveries and the privatization of state-owned enterprises. Of these receipts, those assumed to finance the budget deficit have been set conservatively, at around 1½ percent of GDP, with any additional receipts earmarked for domestic debt reduction. We support this approach, which is fiscally prudent and hopefully will help create the necessary political consensus for moving ahead more forcefully with asset sales and privatization. The budget therefore assumes net external financing of about 1 percent of GDP, or about $2 billion, significantly lower than in 2001. With scheduled amortization payments of around $5 billion estimated to fall due in 2002 (after taking into account the Paris Club rescheduling through March 2002), this implies a residual gross financing need of $7 billion.

14. We believe this is an appropriately ambitious budget, which is worthy of the continued support from the international community. While a large portion of the external financing need can be filled through disbursements of project financing, there is likely to remain a significant additional external financing need. This will require new exceptional financing either in the form of new program aid commitments or from a possible successor Paris Club rescheduling.

15. Another aspect of fiscal policy I should mention here is the process of fiscal decentralization. In consultation with Parliament, the government is reviewing the decentralization framework to improve its implementation in 2002. General areas where work is ongoing include possible refinements to the formula for allocating the general allocation grant across regions, regional taxation, and expenditure assignments between the center and the regions. Meanwhile, a key priority is to ensure that the immediate risks to macroeconomic stability from the decentralization process are well contained. In that regard, efforts need to be intensified to establish an effective financial reporting system at the regional level. Also, adequate safeguards need to be in place to control local government borrowing. All in all, our view is that the implementation of the 2002 budgetary framework will make an important contribution toward setting the stage for a sustained recovery over the medium term.

Other Key Policies

16. Let me now review what we regard as the other main policy priorities over the coming 12 months.

Monetary Policy

17. One of the key tasks will be for Bank Indonesia to arrest the upward trend in inflation, with the aim of bringing inflation back to single digits in the course of 2002. In the period since July as a whole, monetary conditions have tightened, with a rise in interest rates and a partial recovery of the rupiah. However, this tightening will only have an impact on base money growth and inflation with a lag, and the recent weakness in the rupiah risks putting renewed upward pressure on prices. It will be crucial for Bank Indonesia to maintain a firm monetary stance until inflation risks have been firmly contained.

Asset Recovery and Privatization

18. Indonesia must accelerate the restructuring and privatization of assets held by the public sector. This is an imperative for two reasons. First, to raise resources for the budget and help the government reduce its debt burden. Second, and perhaps more fundamentally, to put the assets back to work in the private sector in order to strengthen the investment environment and boost growth. We therefore support the ambitious targets that the government has set for 2002. But they clearly pose a considerable challenge, and the government will need to take measures on a wide front to achieve the planned acceleration in recoveries. For IBRA, key steps that need to be taken include: reaching legal closure on loan restructurings related to IBRA`s largest obligors that are in line with the government`s restructuring principles, accelerating already planned initiatives to sell off IBRA`s stock of both unrestructured and restructured loans, setting concrete deadlines for the resolution of problems of non-cooperative bank owners, and selling IBRA`s banks.

19. Progress to date with the privatization of state-owned enterprises has been disappointing. To restore business confidence and sustain the economic recovery, it is vital that the government overcome obstacles in this area. The extent of government involvement in the productive sectors of the economy not only hinders efficiency, but is also difficult to justify given the large public debt burden. The government should make every effort to succeed in its approach of focusing on a few key sales to launch the process and demonstrate a clear break from the disappointing track record of the past.

Banking System

20. Reducing remaining vulnerabilities in the banking system and bringing it back to profitability remains a major challenge. Following the initial phases of stabilization and recapitalization the focus has turned increasingly to the process of consolidation and restructuring, with a view to revitalizing the credit process, entrenching sound governance, and returning banks to private ownership. The IMF-along with the World Bank, AsDB and others-is assisting in efforts to improve bank supervision and strengthen governance in the state banks. While some progress has been made in these areas, considerable challenges remain and further impetus needs to be given to such reforms to place the banking system on a sounder footing.

21. The government has, until recently, been unable to make a concrete start on returning the recapitalized banks to the private sector, a long-standing priority under the program. We therefore attach considerable importance to the successful majority sale of Bank BCA, as this would send a strong signal that Indonesia is firmly committed to return banking assets to the private sector. We therefore welcome the government`s plan to conclude this sale by the end of the year.

Institution Building and Governance

22. The economic program must continue to accord high priority to institution-building and improved governance, especially in the key economic institutions, without which a stable environment for investment cannot be established.

· As you know, agreement on the principles governing IBRA`s largest debt restructurings was an important initiative of the third review. Much now depends on the quality of the reviews conducted by IBRA`s oversight committee and the responses of the FSPC.

· Equally important for confidence in the reform process are legal and judicial reforms. Immediate priorities in that regard are reform of the insolvency system, a strengthening in court system governance and anti-corruption efforts more generally, and improvements in the functioning of the commercial court.

· Improved fiscal transparency, through the audit of off-budget funds and public enterprises and agencies remains an important objective of the program.

Progress is under way in all these areas, but it will require continued support, to enable these historic institutional changes to take root.

* * * *

23. I have outlined what we believe constitute the critical elements of Indonesia`s reform agenda at this juncture. Adhering to it will require a determined commitment by the government and by Parliament to the economic reform process. Notwithstanding the current difficult environment, we are encouraged that all parties agree on the imperatives of preserving economic stability, as evidenced by the agreement on a prudent budget supported by bold measures for 2002. Early confidence building steps are needed to solidify the process of structural reform. With strong implementation in these areas, we believe the Indonesian program deserves the continued support of the international community.




IMF EXTERNAL RELATIONS DEPARTMENT
Public Affairs: 202-623-7300 - Fax: [phone]
Media Relations: 202-623-7100 - Fax: [phone]

[Frakt@l]

hallo go2dive,

ist mir auch aufgefallen, dass der Kurs erst am Ende des Börsentages wieder die 30 Rupiah erreicht. Aber im Grunde verstehe ich bei dem Kurs gar nichts mehr. Warum liegt er in Deutschland noch bei 0,002 € obwohl er selbst bei 25 Rupiah meistens mit 0,003 € gehandelt wurde ?
Außerdem gab es ja noch die Börsenaussetzung im September, weil der Kurs plötzlich auf 35 Rupiah gestiegen war. Das wollten einflußreiche Leute wohl nicht so gern. Auffällig sind auch die extrem negativen Kommentare der Bank Mandiri zu BNII. Wahrscheinlich wollen die auch den Kurs mit Gewalt unten halten, zumindest bis zur erfolgten Übernahme. Offensichtlich gelingt es ihnen am Börsenschluß dann immer doch nicht ganz ...

Es bleibt spannend und chaotisch ...

Gruss Fraktal

[go2dive]

heute schon wieder das 30`er Spiel ..

[Brokerprofi]

Übernahme von BII durch Bank Mandiri weiter auf der Kippe.
Ich teile die unten bechriebene Ansicht, dass die neu entstehende
Powerbank nicht mehr steuerbar wäre. Besser wäre es, BII durch die Ausgabe von Bonds als lebens- und funktionsfähiges Unternehmen am Leben zu halten.

gruß

brokerprofi

`Power Bank` merger may slow privatization
Berni K. Moestafa, The Jakarta Post, Jakarta

Plans to merge recapitalized banks into the so-called "Power Bank" have come under the scrutiny of the World Bank, which warned the move could delay privatization.

The World Bank said that a merger conducted under the supervision of the Indonesian Bank Restructuring Agency (IBRA) could result in a new institution with a weak capital base and poor risk management.

"While further consolidation within the banking sector is overdue, a generalized, forced merger of IBRA banks would delay privatization and produce a large, unmarketable bank," the World Bank said in a report issued last week.

IBRA has nationalized and recapitalized a total of 11 private banks following the devastating 1997 financial crisis. The government must gradually sell the banks back to the private sector to help accelerate the country`s bank restructuring program and promote economic recovery.

Earlier this month, the government said it planned to merge IBRA banks, as they had remained vulnerable to further closures despite having been recapitalized.

The planned new bank, often dubbed the "Power Bank", is an effort to consolidate the banking sector, which many see as being too fragmented.

Banks face liquidation if they fail to meet a minimum capital adequacy ratio (CAR) of four percent this year, and eight percent by year`s end.

Most banks have remained weak as they have been unable to shift their earning base from recapitalization bonds to new loans.

Consolidating them may help strengthen the banks` overall CAR levels. But the move has its risks, according to analysts.

They said such a merger would only be helpful if the government combined weak banks with stronger ones.

They warned merging weak banks was counterproductive, as the combined capital base in the new bank would remain low.

"Such a bank would likely soon need rescue and recapitalization, adding further to the already enormous public cost of banking restructuring," the World Bank said.

Indonesia`s biggest bank, Bank Mandiri, is the result of four state banks merging, each to avoid liquidation.

To keep Bank Mandiri afloat, the government injected it with recapitalization bonds worth some Rp 175 trillion (about US$16.5 billion).

In total, the government has spent about Rp 430 trillion on recapitalizion bonds, the interest payments on which are burdening the state budget.

"It would be far wiser to sell these institutions to the private sector as soon as possible, and then allow market forces to dictate the direction of mergers and acquisitions," the World Bank added.

In another consolidation move, Bank Mandiri is still in talks over acquiring Bank Internasional Indonesia (BII).

The latter`s CAR level is at risk, due to massive exposure to the Sinar Mas Group, whose unit has imposed a debt moratorium.

As part of the acquisition process, the government injected BII with state bonds in exchange for the risky Sinar Mas loans.

The government and Bank Mandiri denied calling the acquisition plan a move to save BII from closure.

But the deal may falter, as the government and Bank Mandiri have yet to reach an agreement on the price of the acquisition.

According to local media reports last week, Bank Mandiri president E.C.W Neloe said the bank had also imposed four new preconditions on an acquisition.

These concerned the non performing loans belonging to non-Sinar Mas debtors, issues related to BII`s fixed assets, loan exposures to BII`s subsidiaries, and litigation issues.

Neloe did not elaborate on the four preconditions.

[broker*709]

Irgendwann muss es doch wieder aufwärts gehen !

Jakarta signals new start with PM

By LINDSAY MURDOCH
and KERRY TAYLOR
Tuesday 13 November 2001
Comment by Gerard Henderson

Indonesia signalled yesterday that it was ready to work at improving relations with the re-elected Howard Government, as Foreign Minister Alexander Downer confirmed plans to visit Jakarta within weeks.

Indonesian Foreign Minister Hassan Wirayuda said his country "congratulates Mr Howard for his re-election as Prime Minister of Australia, we welcome (the result) and look forward to working closely with the new government".

But Mr Wirayuda said Indonesia hoped relations with Canberra would no longer be influenced by internal Australian politics and what he called "megaphone diplomacy".

"There are some things both parties (Australia and Indonesia) need to sit down and discuss to improve the bilateral relationship," Mr Wirayuda told journalists.

"One important thing is for both countries to maintain good communication to avoid megaphone diplomacy.

"Both parties should not trade suspicions or accuse each other when something comes up without checking it beforehand."

Mr Downer wants to visit Jakarta by the end of the month to seek solutions to the boat people issue.

Australian embassy officials in Jakarta approached the Indonesian Government yesterday seeking a meeting between Mr Downer and Mr Wirayuda in the last week of November.

Mr Downer would use the meeting to seek cooperation with Jakarta in stemming people smuggling and asylum seeker departures from Indonesia.

The meeting would also pave the way for talks between Mr Howard and Indonesian President Megawati Sukarnoputri.

During the election campaign, Mr Howard said one of his first international priorities if re-elected would be a meeting with the Indonesian President to discuss joint action to stem the flow of boat people to Australia.

Asked yesterday about Mr Howard`s promise to travel to Indonesia after the election, Mr Wirayuda said: "Now we`ll see whether the statement made by Howard really is materialised. If there`s any interest in it we will work through diplomatic channels."

Mr Howard said yesterday that the "Pacific solution" to the boat people issue, under which Australia-bound asylum seekers have been detained and taken to the island nations of Nauru and Papua New Guinea for processing, would continue. But the government was committed to securing an agreement with Indonesia over the controversial issue.

"We do intend to continue the policy, but that policy includes a great deal of continued effort in getting an agreement with Indonesia," he told Channel Seven.

Meanwhile, the English-language Jakarta Post said in an editorial yesterday that Indonesia had to be "firm and businesslike" in dealing with Australia because Mr Howard was walking with a chip on his political shoulder.

The newspaper accused Mr Howard of ruthlessly exploiting the fears of the Australian people that their "perfect country would be invaded by barbarians from war and drought-stricken countries in the Middle East and South Asia".

"The fear that emerged following the September 11 attacks on the United States was also exploited by John Howard, who implied that they could happen in Australia too," the newspaper said.

[SunInvestor]

Hallo Leute,

hab mich länger nicht um meine BII-Papiere gekümmert. Leider scheint
sich nix geändert zu haben. Gibts Neuigkeiten? Soll ich lieber noch
einige Monate warten? Oder die letzten Groschen retten? Mir würde es
genügen, wenn ein Ziel von 70 - 100 IDR, sprich 0,008 bis 0,01 möglich
wäre. Komischerweise sieht es mal so aus, als wolle der Kurs unbedingt
rauf, um kurz darauf wieder auf 20 abzustürzen...

Gruß
SunInvestor

[broker*709]

Das Bankenproblem muss einer Lösung zugeführt werden, so oder so !

Government to merge 11 ailing banks


JAKARTA (JP): State Minister of State Enterprises Laksamana Sukardi revealed on Saturday that the government would merge 11 ailing banks currently under the supervision of the Indonesian Bank Restructuring Agency (IBRA).

"The banks to be merged include seven recapitalized banks and three banks which had been taken over by IBRA (BTO banks)," Laksamana said as quoted by Indosiar television.

The minister, however, declined to identify the 11 ailing banks.

"The evaluation is in progress, so their names cannot be revealed now," he said.

Asked whether the 11 banks would be merged into a mother bank, where there would be only one strong huge bank, Laksamana said his office was also evaluating the concept, citing existing pros and cons.

Previously, Bank Bali, Bank Lippo and Bank Danamon, which are now under IBRA`s supervision, had expressed their preference to remain on their own as stand alone banks.

[broker*709]

Das sind die richtigen Umsätze ! :-)

30 Ruphia - schön.

BANK INT`L INDON (JKT:BNII.JK) - More Info: Profile, Research - Trade: Choose Brokerage

Last Trade
3:59AM · 30 Change
+5 (+20.00%) Prev Cls
25 Volume
123,910,000 Div Date
Aug 19, 1997
Small: [1d | 5d | 1y | none]
Big: [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
Day`s Range
20 - 30 Bid
25 Ask
30 Open
25 Avg Vol
N/A Ex-Div
Jul 10, 1997
52-week Range
20 - 40 Earn/Shr
-35.00 P/E
N/A Mkt Cap
N/A Div/Shr
14.01 Yield
56.04

[go2dive]

wieder mal das 30`er Spiel zum Handelsende ..

[Frakt@l]

Die Übernahme von BNII durch Bank Mandiri ist geplatzt. BNII bleibt eigenständig.

Tuesday November 20, 3:29 PM

0552GMT*DJ Indonesia Min:Bk Mandiri Drops Plan To Acquire BII

0604GMTGovt To Inject More Funds To BII

JAKARTA (Dow Jones)--Indonesia`s state owned PT Bank Mandiri has dropped a plan to acquire a controlling stake in nationalized PT Bank Internasional Indonesia (P.BII), State Enterprise Minister Laksamana Sukardi said Tuesday.

This means the government will now have to issue more bonds to improve BII`s capital base.

Laksamana, however, didn`t provide a thorough explanation as to why Mandiri has scrapped its plan. He only said the acquisition wouldn`t bring much benefit to BII.

"We will leave BII as a stand alone bank," he said.

Laksamana said the government will inject between 2 trillion rupiah ($1=IDR10,570) and IDR3 trillion into BII to improve its capital base as a result of the cancellation of the acquisition.

(MORE) Dow Jones Newswires 20-11-01

0630GMT Criticism Of Acquisition Plan

Earlier in November, the government had issued bonds worth IDR13.9 trillion to recapitalize BII, which is in deep financial trouble due to its massive lending to its founder, the heavily indebted Sinar Mas Group.

Analysts have critized the Mandiri acquisition proposal, saying the plan would likely lead to a weakening of the country`s largest bank, while also bringing little benefit to BII.

Indonesia has failed to attract fresh foreign capital to invest in its banking sector since the 1997-98 Asian financial crisis. Meanwhile, the government has already spent billions of dollars bailing out banks and now has little financial resources left to help prop up the industry.

Without foreign capital, Indonesia has to rely on bank mergers, which analysts say won`t solve the sector`s financial problems in the long run.

Although Mandiri has repeatedly claimed to have enough cash to finance the acquisition, analysts believe its financial base isn`t so solid. Around IDR175.3 trillion of the bank`s IDR250 trillion assets are in the form of illiquid government bonds.

The government also plans to merge four smaller undercapitalized banks, Laksamana said.

The banks are listed PT Bank Bali (P.BBL) and PT Bank Universal (P.BKU), as well as unlisted PT Bank Patriot and PT Bank Prima Express.

"Those banks will be merged, but we still don`t know when the merger will take place," Laksamana told reporters.

Several local banks are expected to struggle to raise their capital adequacy ratios to the minimum 8% level by the end of the year. Banks that fail to raise their CARs to that level will either be merged with other banks or be closed.

Gruss Fraktal

[SunInvestor]

Auf der einen Seite glaube ich auch, daß die Übernahme
durch Mandiri nicht wirklich das goldene Zeitalter für
BII bedeutet hätte, auf der anderen ist jetzt alles wieder
ziemlich unsicher geworden. Möglicherweise wieder monatelang
keine Neuigkeiten. Irgendwo glaub ich nicht, daß BII allein
aus den ganzen Schwierigkeiten kommt, auch wenn die Regierung
Kapital einschiesst. Aber einen ausländischen Investor sehe
ich auch derzeit kaum. Indonesien ist einfach nicht attraktiv.
Trübe Aussichten.

Gruß
SunInvestor

[Brokerhiwi]

Also ich bin überzeugt. daß wir in Indonesien wieder andere Kurse sehen werden.
Die Wirtschaft wird wieder besser laufen, und somit besonders unsere lieben Banken.
Ach ja, nehmt lieber Bank Bali (885816).

[go2dive]

Hi@, hier noch ein anderer Artikel dazu.
Meiner Ansicht nach hat die Regierung den Deal
bewusst platzen lassen. Evtl. haben sie ja doch noch
einen Investor in Petto,...



Bank Mandiri cancels plan to acquire ailing BII
Tantri Yuliandini, The Jakarta Post, Jakarta

The government decided to drop earlier plans to merge state-owned Bank Mandiri with publicly listed Bank Internasional Indonesia (BII) citing improvement in the latter`s financial condition.

State Minister for State Enterprises Laksamana Sukardi said on Tuesday that BII had been considered "healthy" after the government injected billions of dollars worth of hedge bonds earlier this month to replace bad loans owed by the bank`s parent Sinar Mas Group.

"Our final decision is to make BII a stand-alone bank," he told a media conference.

He added that the new strategy was part of the government`s plan to gain optimum results from divesting ownership in BII later on.

Laksamana`s office oversees the Indonesian Bank Restructuring Agency (IBRA), which controls majority ownership in BII after it financed the bank`s recapitalization program in the wake of the 1997 financial crisis.

The measure is part of the government`s latest bank restructuring program.

Laksamana said to ensure that BII could meet the central bank`s year-end minimum 8 percent capital adequacy ratio (CAR) requirement, the government would inject another Rp 2 trillion to Rp 3 trillion worth of bonds into the bank.

In a bid to save the ailing BII, the previous economics team had planned to merge the bank with Bank Mandiri by asking the latter to acquire the former.

But the new economics team instead injected US$1.05 billion and Rp 5 trillion ($472.8 million) in hedge bonds to clean up the bank`s bad loans and transferred them to IBRA.

The loan transfer was made following concern that BII`s CAR would plunge on the high possibility of the Sinar Mas loans turning bad.

Several analysts have earlier criticized the plan to force Bank Mandiri to acquire BII arguing that the state-owned bank itself was not in good condition.

Bank Mandiri had also recently expressed worries that the long and difficult process of the planned acquisition of BII would cause a delay in the state bank`s initial public offering plan.

Bank Mandiri president E.C.W. Neloe said that his bank`s top priority was to launch an IPO, not acquiring BII.

Neloe could not be reach for comment on the government`s latest decision.

[realBateman]

Hallo @ everybody!

Ich denke es ist ganz gut so, dass die Übernahme geplatzt ist. Mandiri hätte BII zwar unter die Arme greifen können, hätte primär aber natürlich für sich selbst die Vorteile gesehen. BII wäre zum Schnäppchenkurs verschleudert worden, wir hätten entsprechend wenige Mandiriaktien bekommen. Eine weitere Folge wäre gewesen, dass die übernehmende Bank enorme Kosten zu tragen hätte, speziell im Falle von BII! Dies widerum hätte den Kurs von Mandiri auch in den Keller gerissen. Wir wären nicht besser dargestanden wie zuvor.

Sicherlich, jetzt heisst es wieder wie die letzten Jahre abwarten und teetrinken. Was wird als nächstes geschehen? Eine Möglichkeit besteht darin, dass der IWF Indonesien weitere Kredite gewährt, die Regierung weitere Mittel bekommt um BII zu unterstützen. Dies bringt BII aber nicht wirklich weiter (Vergleich: Tropfen auf den heissen Stein). Ob ein anderer Investor gefunden wird bleibt abzuwarten (kann sich nur um Jahre handeln), vielleicht zu ähnlich schlechten Konditionen wie im Falle Mandire es gewesen wären.

Es gibt die Möglichkeit BII zu retten; ein riesenteil der Schulden müssen erlassen bzw. vom Staat übernommen werden. Da sowas zähe Verhandlungen und weitere Querelen hervorrufen wird ist klar. Keiner verschenkt gerne Geld. Andererseits müssen die Politiker sich im klaren sein, was passiert, wenn eine Riesenbank wie BII zerstört wird. Die Schulden sind deshalb auch nicht weg, im Gegenteil, es gibt eine "gute" Bank weniger, die wenigstens (bis auf die Schulden) profitabel ist. Uns bleibt weiterhin nur die Möglichkeit zu warten - wie schon so verdammt lange!!

Noch eine Frage: Ist es möglich, dass die Aktien, notiert im Ausland einfach als nicht mehr gültig angesehen werden. BII hat einen Riesenposten im Ausland (speziell in Deutschland). Würden all diese Aktien ersatzlos gestrichen, hätte BII doch z.B. über eine Kapitalerhöhung die Möglichkeit wieder an Cash zu kommmen, bzw. sie weisen wieder mehr Gewinn/Aktie aus. Da wäre doch sicherlich Spielraum zu tricksen, oder?

Euer,

realBateman

[go2dive]

@realBateman

.. deutsche Aktien ersatzlos streichen und das ist
dann auch noch eine Kapitalerhöhung? tststs
Ausserdem: soo gross ist der Anteil in Deutschland gar nicht.

Fuer eine Kapitalerhöhung ueber die Ausgabe neuer Aktien
wird erstmal jemand benoetigt der diese dann auch abnimmt.
Das war soweit ich weiss schonmal angedacht, da es aber
(eben um einen Investor zu locken) i.d.R. zu sinkenden
Kursen fuehrt wurde es nicht durchgefuehrt.

Meiner Ansicht funktioniert es nur wenn der Staat
(und der ist ja noch Hauptinvestor) einen Teil
der Schulden uebernimmt, ein anderer Teil muss von
Sinar Mas selber beglichen werden, dann kann die IBRA
versuchen ihren Anteil loszuschlagen..

ciao go2dive

[Brokerprofi]

Auch hier geht es aufwärts: Upgrade für BII:

gruß

brokerprofi

News
Fitch Upgrades Bank Internasional Indonesia`s Indiv. Rating to `D/E`; Outlook Changed to Stable

--------------------------------------------------------------------------------
LONDON, November 22, 2001 (Fitch): Fitch, the international rating agency, has today upgraded Bank Internasional Indonesia`s (`BII`s`) Individual rating to `D/E` from `E` and changed the outlook on its Foreign and Local currency long-term ratings (both `B-`) to Stable from Negative. This action follows the replacement of BII`s exposure to the Sinar Mas and Asia Pulp and Paper Groups (`SMG` and `APP`)* with government bonds. In totaling IDR13.9 trillion, this exposure threatened to wipe out BII`s capital base (IDR2.0 trn) after APP defaulted on all its debt obligations early this year. The transfer and the injection of government bonds have restored the bank`s asset quality to a reasonably sound level. Government bonds now represent c.56% of the bank`s asset base. Net loans represent only 16%. Nevertheless, uncovered non-performing loans are still a concern, standing as they do at 63% of equity which in turn stands at 5.4% of assets. Of BII`s government bonds, 18% carry a fixed rate of interest (with a weighted-average interest rate of 14%), 26% a variable rate of interest equal to three month central bank paper (currently 17.6%), with the 56% balance effectively in the form of USD bonds carrying a variable rate of interest at 2% above the Singapore Interbank Offer Rate (SIBOR). The bonds should ensure BII is able to achieve a reasonable level of pre-provisioning profitability going forward. In addition to the removal of its on-balance sheet exposure to SMG/APP, earlier in 2001 BII sold Bank International Ningbo, its China-based banking subsidiary, to SMG. Ningbo had a very substantial off-balance sheet exposure to SMG. The government has also announced that BII will soon be provided with an additional IDR1.2 trn in bonds to replace its long-standing exposure to certain banks that were closed during the country`s economic crisis of 1997/8. The bank will also be issued a further IDR0.8trn in bonds to replace its deferred tax assets which it is currently including in the calculation of its CAR (14%). This will ensure BII meets the minimum 8% CAR requirement which is due to replace the current 4% requirement at end-2001. In July this year, the government announced that BII would be acquired by Indonesia`s largest bank, the state-owned Bank Mandiri. This week, however, the government announced that Mandiri would not be acquiring BII, which is to remain a stand-alone entity. * SMG was the majority owner of BII prior to its recapitalization by the government in mid-1999. BII is now 57% owned by the government, 18% by SMG with the 25% balance held by the public. APP is SMG`s main operating arm. CONTACTS: Peter Tebbutt / Ambreesh Srivastava, Singapore Tel: [phone] David Marshal, Hong Kong Tel: [phone]

[go2dive]

FinMin: Bank liquidation not included in LoI

JAKARTA (Bisnis): Finance Minister Boediono said the government has not committed to liquidate banks in the agreement reached on the letter of intent with the IMF last week. But added there is no guarantee there will not be bank liquidation in the future.
According to the minister the government did not have new agreements concerning bank restructuring aside from the merger of five recapped banks as announced by State Enterprises Minister Laksamana Sukardi earlier.

"There is no liquidation of banks in the LoI....But I`m not saying there isn `t going to be anymore bank liquidation in the future," Boediono said last week.

According to him, the banking restructuring move -followed by corporate debt restructuring -is very important to guarantee financing flow to spur economic growth. Hence, the government among others merged Bank Bali, Bank Universal, Bank Prima Express, Bank Patriot, and Bank Artha Media. The government has also rescued BII although it had to inject Rp2 trillion in order to keep the bank floating.

"I am optimistic BII is a good bank. Its just that we have to patch up some holes," he said without elaborating further.

Separately, BI Governor Syahril Sabirin said BI is not entitled to decide whether or not to merge a bank, and that the decision lies in the hands of the bank owner -in this case the government. "BI is not the owner, but a bank supervisor. If the owner thinks it is best to merge it...well we`ll support it if it is for the best," he said.

Asked to comment on the possibility of more bank liquidations, Syahril said that most important is the government`s guarantee scheme remains applicable. "Let`s just see, whether or not there is going to be any more [bank liquidation]. But hopefully there won`t be anymore," he said.

Liquidation

In the meantime, member of IBRA`s Oversight Committee has asked the government to remain firm in meeting the preliminary commitment, requiring banks to meet the yearend 8% CAR target. This means the government has to halt operations of banks that fail to reach CAR of 8% to prevent new problems.

IBRA OC member Sri Adiningsih said the government`s decision to force merger of healthy and unhealthy banks is not a good solution in terms of restructuring the banking sector. Such measure could make healthy banks become unhealthy and would not settle the problem, she said.

The government, she added, could temporarily prevent bank liquidation until the end of 2001. But it could not adopt the same measure next year. "What`s the point of having a stress test then? If they fail to meet the 8% CAR by the yearend, they should not be allowed to operate," she said. (yn/aph/ab)

[broker*709]

Der Zentralbank geht es schon mal einigermassen gut !

Die anderen Banken können nur profitieren !


Central Bank to keep CAR at 8 percent: Governor


JAKARTA (JP): Bank Indonesia (BI), the central bank, will not lower the mandatory capital adequacy ratio (CAR) figure of 8 percent even though certain banks may fail to meet the requirement, BI Governor Sjahril Sabirin said on Monday.

CAR is the ratio between capital and risk-weighted assets.

"The mandatory CAR figure by the end of this year will remain 8 percent," Sjahril said as quoted by Antara after a meeting with President Megawati Soekarnoputri at Merdeka Palace.

Also present at the meeting were Senior Deputy Governor Anwar Nasution and deputy governors Achyar Ilyas and Miranda Goeltom.

"We cannot guarantee that no more banks will be closed because of their failure to meet the 8 percent CAR requirement by year end," Sjahril said.

The central bank recently closed down Bank Unibank after establishing the latter`s debts had swelled to well beyond the permissible limit.

If BI has to shut down a bank it will do so through the established mechanism, Sjahril said.

He said there would be no sanction on banks that were unable to keep their nonperforming loans to a maximum of 5 percent as recommended by the central bank.

On the meeting with President Megawati, Sabirin said, the BI board of governors had conveyed the central bank`s readiness to work closely with the government in coping with the country`s monetary problems.

The meeting was also arranged to counter rumors that there were differences of opinion between the government and the central bank on some monetary issues.

"We are ready to cooperate and discuss various monetary problems with the government," Sjahril said

[broker*709]

Und bei der Bank Central Asia tut sich auch noch was in diesem Jahr - schön !

IBRA Puts 9 Strategic Investors Into Short List for BCA Shares

26/11/2001


The Indonesian Bank Restructuring Agency (IBRA) is optimistic about successful divestment of Bank Central Asia (BCA) shares and has selected 9 strategic investors, put them into the short list which consists of both local and foreign investors and list them as short listed investors. The investors comprise of banks, financial institutions and several consortium. The nine strategic investors will be invited to due diligence process for examining the financial, managerial and operational aspects of BCA.

The short listed 9 strategic investors look as follows:


Bidder Name Representative
1. Malaysian Plantation Group Andalan Artha Advisindo
2. Bank Mega Consortium Bhakti Capital
3. Dynamic Choice Credit Agricole
4. Farallon Capital Farallon Capital
5. Foreign Bank Foreign Bank
6. GKBI, Newbridge, Rifan and Saratoga Consortium GKBI Investment
7. Indonesia Recovery Fund Limited IRCL
8. Berca Consortium JP Morgan Sekuritas
9. Consortium of Bank Panin Share Holders Trimegah Sekuritas


Note: The numbering order in the Table does not represent ranking (alphabetical representative)
Earlier, IBRA has received 15 preliminary bids (non-binding) for BCA shares from prospective BCA strategic investors, consisting of 5 International Investors and 10 Local Investors. Assisted by the financial advisor and independent consultant, IBRA has selected 15 prospective strategic investors and picked 9 investors of them who are eligible for further phase of the BCA divestment process.

The criteria for selecting short listed investors include the following:

Prime bank and or financial institution with good reputation,
Legal clarity about the consortium with support from bank or financial institution of good reputation,
Commitment to long-term investment in Indonesia,
Sound financial position and guaranteed fund sources,
Exclusion from the Banker Negative List of Bank Indonesia,
Not affiliated, either directly or indirectly to the former share holder of BCA (Salim Group).
Subsequent to the investor short listing in the BCA divestment is the following process:

Due diligence (3 weeks after investor short listing)
Submission of Final bid (Third week of December 2001)
Signing of Sales & Purchase Agreement (Fourth Week of December 2001)
Fit & Proper Test Approval from Bank Indonesia
IBRA remains committed to conducting the BCA divestment process in optimal manner while complying with the principles of transparency, integrity, fairness, and consistency so as to secure confidence from all investors and the public.

[go2dive]

4 Sinar Mas units submit restructuring draft

JAKARTA (Bisnis): Four bond issuers under the Sinar Mas Group (SMG) will submit debt restructuring draft proposals to bondholders in January 2002 at the latest.
The four issuers are PT Pabrik Kertas Tjiwi Kimia (TKIM) Tbk., PT Indah Kiat Pulp and Paper (INKP) Tbk., PT Pindo Deli Pulp and Paper Mills and PT Lontar Papyrus Pulp and Paper Industry Tbk..

"We hope all creditors can participate in the debt restructuring," said the managements of each bond issuers in their reports to the SSX yesterday.

The four issuers also said they will maintain the business by using all of the corporate money to finance operations. If they had extra, they will use the money for the debt restructuring of the four units, which will be divided fairly.

The four issuers are now concentrating on completing their consolidated reports that were audited in 2000 and settling debt-restructuring process.

Gunawan Taslim, director and chief financial officer of TKIM said that shareholders can make a legal move in accordance with the result of the bond holders general meeting (RUPO) last 31 May, mainly on failure to pay the bond principal and interests.

The company is currently negotiating with bond holders. TKIM itself, says Taslim, has so far paid the 20th bond interest coupons through Bank Mandiri last 8 November, worth Rp200 billion.

In the meantime, Hendra J. Kosasih, Vice President Director of INKP, said his company has paid the eight bond interest coupons from bond principal worth Rp1 trillion through Bank Internasional Indonesia (BII). The bonds are due in 2004 and 2006. (dj)

[broker*709]

Die Ausländer kommen wieder!

Super !


Wednesday November 28, 7:46 PM

Standard Chartered bids for Indonesian bank
By Gde Anugrah Arka and Soraya Permatasari




JAKARTA (Reuters) - Standard Chartered Plc confirmed on Wednesday it is among nine shortlisted bidders vying for up to a 51 percent stake in Indonesia`s largest retail bank, marking its second attempt to expand through acquisition here.

And the Anglo-Asian giant can only hope its dealings with the Indonesian Bank Restructuring Agency -- which controls Bank Central Asia (BCA) -- will go more smoothly than two years ago when a similar deal ended in acrimony.

"We have been notified by IBRA that Standard Chartered Bank is one of the nine shortlisted bidders for BCA. We have received the details of the due diligence and formal bid process," Standard Chartered said in a statement.

"This will enable us to obtain information on which to assess -- whether the acquisition of a controlling interest in BCA, possibly on a consortium basis with other interested parties, would be...appropriate," the bank added.

For Indonesia, selling majority control of BCA would raise badly needed funds for the government to ease its budget deficit and kickstart efforts to return to private hands large chunks of the banking sector under state control.

BCA was taken over by the government at the height of Asia`s financial crisis in the late 1990s after a run on the bank brought it to the brink of collapse.


MARKET CAUTIOUS

The market has been reacting cautiously to IBRA`s announcement earlier this week of the nine short-listed bidders and some analysts doubt whether the stake sale can be concluded by year-end, just over a month away.

But analysts have generally welcomed the news Standard Chartered was among the bidders, and said any foreign unit would be better for BCA than domestic control.

"A local winner would also raise concerns over the independence of the management," said Ferry Yosia Hartoyo, an analyst from DBS Vickers Securities.

Another analyst cautioned, however, that Standard Chartered needed to remember its previous Indonesian experience.

"Should Stanchart win the bid, it should learn from the past and make sure that it will not receive similar resistance from BCA`s employees," warned Made Aditya Wardana, a bank analyst from Trimegah Securities.

Standard Chartered`s efforts to buy into PT Bank Bali fell through in 1999 when its management ran afoul of employees who preferred the previous owners.

This led to a revolt by Bank Bali staff, who at one stage physically prevented the Standard Chartered management team from entering the bank`s Jakarta headquarters.


"BAD PRECEDENT"

"If this happens (again), then no synergy can be created and it could also set a bad precedent to other potential investors trying to buy into Indonesian assets," Wardana added.

The other bidders include Malaysian Plantation Group, which owns Alliance Bank -- one of the smaller of Malaysia`s 10 domestic banks -- and a consortium of investors led by local Bank Mega and some unnamed shareholders of PT Bank Panin.

A unit of France`s Credit Agricole Group, and some foreign funds like Farallon Capital from the United States and another consortium of investors represented by JP Morgan Securities are also shortlisted.

[broker*709]

Jetzt geht alles über den Tresen, nicht nur unsere BNII .


Strong Investors` Interest In Indomobil
* * *
14 Potential Investors Participate in Bid Process

27/11/2001


The Indonesian Bank Restructuring Agency (IBRA) and PT Holdiko Perkasa (Holdiko), a holding company established pursuant to the Shareholding Settlement Agreement between IBRA and the Salim Group, today announced that there has been strong investors` interest in the sale of Holdiko`s 72.63% shareholding in PT Indomobil Sukses Internasional Tbk. ("Indomobil") and the entire convertible bonds issued by Indomobil to Holdiko and IBRA. Of the 135 invitation letters that were sent out all over the world, Holdiko received 21 strong expressions of interest, of which 14 have returned Confidentiality Agreements. These 14 potential investors will today respectively receive Information Memorandums to be reviewed prior to their final bid submission on Tuesday, 4 December 2001.

"Although the schedule for the divestment of Indomobil is quite challenging, investors` interest to participate in the bid process quite is encouraging," states Dasa Sutantio, Deputy Chairman Ad Interim - AMI, IBRA.

Scott Coffey, Director of Holdiko, added, "This strong investors interest is reassuring bearing in mind that the holiday season is fast approaching."

The sale, which includes (i) Holdiko`s entire 72.63% equity shareholding in PT Indomobil Sukses Internasional Tbk. ("Indomobil") and (ii) the entire convertible bonds issued by Indomobil to Holdiko (IDR337,382,000,000,-) and IBRA (IDR 312,902,186,671,-), both of which may be converted to common shares in Indomobil began on 20 November 2001 and is expected to conclude before the year ends.

Indomobil is the holding company of a fully integrated group of companies that is engaged in automotive and automotive-related businesses. Indomobil has direct and indirect investments in 69 subsidiaries who act as sole agents for automotive principals, assembler of automotive components, distributor and retailer of automotive products, and provide auto financing and after sales services. Automotive products distributed by its subsidiaries consist of well-known brands such as Suzuki, Nissan, Mazda, Hino, Volvo, Audi, Volkswagen, and SsangYong. Indomobil`s shares are listed and traded on the Jakarta Stock Exchange and Surabaya Stock Exchange with a total 996,502,680 shares. At present Indomobil`s shareholding structure consists of PT Holdiko Perkasa (72.63%), PT Tritunggal Intipermata (20.47%) and the balance of 6.9% is held by various shareholders including public shareholders whose individual ownership is less than 5%.

PT Holdiko Perkasa was established in relation to the settlement between the Salim Group and IBRA with regard to loans extended by PT Bank Central Asia (BCA) to companies affiliated to the Salim Group. As part of the settlement agreement with IBRA, the Salim Group transferred shares and assets in more than 100 operating companies to PT Holdiko Perkasa.

As direct and indirect shareholder of these companies, it is Holdiko`s responsibility to supervise each individual company with the aim of disposing of a sufficient amount of these shareholdings. Holdiko will subsequently direct the disposal proceeds to IBRA as part of the settlement agreement.

The Indonesian Bank Restructuring Agency (IBRA) is an agency of the government of Indonesia established at the beginning of 1998 as the primary agency to oversee the rehabilitation of the financial sector. IBRA is authorized to take over and control troubled banks and dispose of their assets and collateral.

[go2dive]

250.000 zu 2.500 im Xetra

[myrrischemartha]

Na ihr Opti´s,

wer von euch hat denn die anderen 100´verkloppt?

MM

[em.]

wenn Ihr mich fragt ist das ein Haufen korrupter Kameltreiber die bei jeder Gelegenheit versuchen die Investoren neu zu bescheissen!!!!!!!!!!!!!!!!!!

Wenn wieder Erwarten doch nicht solls mir recht sein, hab noch eine Restposition an die ich durch Euch (leider)
ab un zu erinnert werde.

[broker*709]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[broker*709]

Na ja. wer sagt`s denn ! Nicht ganz 400 Mio US $ - aber 360 US $ sind doch auch ein Wort. ... einfach die nächsten Wochen abwarten. :-)

Govt to get more IMF cash


Berni K. Moestafa, The Jakarta Post, Jakarta

The government signed its fourth letter of intent (LoI) to the International Monetary Fund (IMF) on Thursday, pledging a new round of economic reform targets as the global economy takes a turn for the worse.

With a new LoI at hand, the IMF may disburse its US$360 million loan tranche to Indonesia, once it is approved by its executive board at a meeting that will be held in the middle of next month.

The LoI contains a set of economic reform targets, and is, with 53 points, more elaborate than the third one, which had only 35.

Overall, the LoI`s macroeconomic targets fall in line with those under the 2002 state budget.

One key target is lowering the budget deficit to 2.5 percent of gross domestic product (GDP), as against this year`s 3.7 percent.

"The strategy for 2002 has been developed within the context of a significant deterioration in the global economic outlook; it also recognizes that much remains to be done to restore confidence among domestic and foreign investors," according to the LoI, which was addressed to the IMF`s managing director Horst Koehler.

Signing the LoI were Coordinating Minister for the Economy, Dorodjatun Kuntjoro-Jakti, Minister of Finance Boediono, and Bank Indonesia Governor Sjahril Sabirin.

The downturn in the global economy may impair efforts to comply with the LoI, putting at risk targets such as privatization proceeds of Rp 6.5 trillion (about US$643 million).

With greater uncertainty on the global front, foreign capital is likely to stay scarce, especially if the investment climate here remains sour.

A weak global market would also eat into the country`s export revenue, hurting the rupiah while adding to inflationary pressure.

To achieve macroeconomic stability, the government has outlined a set of structural reforms.

"Structural reforms efforts will continue to focus on the core areas that impinge upon macroeconomic stability: financial sector reforms, privatization and asset recovery, and legal and governance issues," the LoI said.

One target is the establishment of an anticorruption commission (ACC) to lead the country`s legal and judicial reforms.

The government will also establish a special office to tap large taxpayers, who collectively account for the largest proportion of tax revenue.

It further plans to raise fuel prices by an average of 30 percent starting next month, to eliminate what it said were poorly targeted energy subsidies.

"We feel these policies, once implemented, will strengthen the investment environment and enhance the growth prospects and employment prospects for Indonesia," the IMF`s representative to Indonesia, David C. Nellor, said.

Thursday`s LoI should have ushered the government into its last year of a three-year contract with the IMF.

Under that contract, the IMF has held prepared a $5 billion loan package on condition Indonesia followed the LoI targets.

The contract will expire next year, but the government said it had sought to extend it by another year to secure a debt restructuring deal with sovereign creditors.

Dorodjatun said the government would continue to draw from the fund`s loans for at least until Indonesia`s country risk rating improved.

A high-risk rating increases the cost of investing in this country. The worse the rating, the higher the premium a company must pay banks to cover the risk of the loans turning bad.

Some critics have urged the government to reduce its reliance on the IMF, citing the fund had meddled too much with microeconomic issues.

Columbia University economist and Nobel prize-winner Joseph E. Stiglitz said the fund should focus on short-term crises only.

"A program of more than two years ... is evidence of failure," he was quoted as saying last month by BusinessWeek online.

But Boediono said the LoI reforms targets had been drawn up in line with what the government thought the financial markets wanted.

Key targets under the fourth LoI

Dec. 2001: Collect Rp 27 trillion in IBRA proceeds Conclude tender process of bank BCA

Jan. 2002: Publish IBRA`s schedule for quarterly asset recovery targets for 2002

Mar. 2002: Begin auction of treasury bills Finalize and implement burden-sharing deal between Bank Indonesia and government on abused liquidity loans

Jun. 2002: Start operation of large taxpayer directorate Produce report on 2001 local government finances Achieve at least half of privatization proceeds target of Rp 6.5 trillion Conclude majority sale of Bank Niaga Set up anticorruption commission

Jul. 2002: Implement new tax filing and payment systems at large taxpayer offices

Dec. 2002: Complete third round of special audits of state firms and adopt corrective actions

[broker*709]

Na ja. wer sagt`s denn ! Nicht ganz 400 Mio US $ - aber 360 US $ sind doch auch ein Wort. ... einfach die nächsten Wochen abwarten. :-)

Govt to get more IMF cash


Berni K. Moestafa, The Jakarta Post, Jakarta

The government signed its fourth letter of intent (LoI) to the International Monetary Fund (IMF) on Thursday, pledging a new round of economic reform targets as the global economy takes a turn for the worse.

With a new LoI at hand, the IMF may disburse its US$360 million loan tranche to Indonesia, once it is approved by its executive board at a meeting that will be held in the middle of next month.

The LoI contains a set of economic reform targets, and is, with 53 points, more elaborate than the third one, which had only 35.

Overall, the LoI`s macroeconomic targets fall in line with those under the 2002 state budget.

One key target is lowering the budget deficit to 2.5 percent of gross domestic product (GDP), as against this year`s 3.7 percent.

"The strategy for 2002 has been developed within the context of a significant deterioration in the global economic outlook; it also recognizes that much remains to be done to restore confidence among domestic and foreign investors," according to the LoI, which was addressed to the IMF`s managing director Horst Koehler.

Signing the LoI were Coordinating Minister for the Economy, Dorodjatun Kuntjoro-Jakti, Minister of Finance Boediono, and Bank Indonesia Governor Sjahril Sabirin.

The downturn in the global economy may impair efforts to comply with the LoI, putting at risk targets such as privatization proceeds of Rp 6.5 trillion (about US$643 million).

With greater uncertainty on the global front, foreign capital is likely to stay scarce, especially if the investment climate here remains sour.

A weak global market would also eat into the country`s export revenue, hurting the rupiah while adding to inflationary pressure.

To achieve macroeconomic stability, the government has outlined a set of structural reforms.

"Structural reforms efforts will continue to focus on the core areas that impinge upon macroeconomic stability: financial sector reforms, privatization and asset recovery, and legal and governance issues," the LoI said.

One target is the establishment of an anticorruption commission (ACC) to lead the country`s legal and judicial reforms.

The government will also establish a special office to tap large taxpayers, who collectively account for the largest proportion of tax revenue.

It further plans to raise fuel prices by an average of 30 percent starting next month, to eliminate what it said were poorly targeted energy subsidies.

"We feel these policies, once implemented, will strengthen the investment environment and enhance the growth prospects and employment prospects for Indonesia," the IMF`s representative to Indonesia, David C. Nellor, said.

Thursday`s LoI should have ushered the government into its last year of a three-year contract with the IMF.

Under that contract, the IMF has held prepared a $5 billion loan package on condition Indonesia followed the LoI targets.

The contract will expire next year, but the government said it had sought to extend it by another year to secure a debt restructuring deal with sovereign creditors.

Dorodjatun said the government would continue to draw from the fund`s loans for at least until Indonesia`s country risk rating improved.

A high-risk rating increases the cost of investing in this country. The worse the rating, the higher the premium a company must pay banks to cover the risk of the loans turning bad.

Some critics have urged the government to reduce its reliance on the IMF, citing the fund had meddled too much with microeconomic issues.

Columbia University economist and Nobel prize-winner Joseph E. Stiglitz said the fund should focus on short-term crises only.

"A program of more than two years ... is evidence of failure," he was quoted as saying last month by BusinessWeek online.

But Boediono said the LoI reforms targets had been drawn up in line with what the government thought the financial markets wanted.

Key targets under the fourth LoI

Dec. 2001: Collect Rp 27 trillion in IBRA proceeds Conclude tender process of bank BCA

Jan. 2002: Publish IBRA`s schedule for quarterly asset recovery targets for 2002

Mar. 2002: Begin auction of treasury bills Finalize and implement burden-sharing deal between Bank Indonesia and government on abused liquidity loans

Jun. 2002: Start operation of large taxpayer directorate Produce report on 2001 local government finances Achieve at least half of privatization proceeds target of Rp 6.5 trillion Conclude majority sale of Bank Niaga Set up anticorruption commission

Jul. 2002: Implement new tax filing and payment systems at large taxpayer offices

Dec. 2002: Complete third round of special audits of state firms and adopt corrective actions

[go2dive]

... ja ja, die IBRA mal wieder,..
ciao go2dive


Megawati told to suspend IBRA chairman
Dadan Wijaksana, The Jakarta Post, Jakarta

President Megawati Soekarnoputri should immediately suspend chairman of the Indonesian Bank Restructuring Agency (IBRA) I Putu Gede Ary Suta to allow an investigation into suspected irregularities within the agency during the past year, according to outspoken economist Faisal Basri.

He said that irregularities in the sale of assets held by IBRA and the lack of transparency in the selection process of consultants could cause the state to suffer huge losses.

"This (suspension) needs to be done immediately so as to protect the remaining assets under IBRA`s supervision," Faisal was quoted by detik.com on Thursday during a press gathering held by private think-tank Institute for Development of Economics and Finance (Indef) to discuss IBRA`s performance.

The statement came amid reports that the sale of the publicly listed car assembler PT Indomobil Sukses International in December to a PT Trimegah Securities-led consortium was done improperly due to the very low price, and suspicion that the Salim Group`s founding owner was actually behind the transaction.

The government has barred Salim from repurchasing assets pledged to IBRA to repay debts to the government.

After only two weeks of negotiations, IBRA on Dec. 10 last year, sold a 73.63 percent stake in the country`s second largest car maker to the consortium at Rp 624.5 per share, giving the agency Rp 452 billion in total proceeds.

As the Indomobil shares had a price tag of Rp 2,500 per unit when Salim transferred the company to IBRA in 1999, it is calculated the state had lost at least Rp 1.7 trillion in possible revenue.

Worse still, an evaluation report handed out by auditor PricewaterCoopers (PwC) has stated that the agency could have earned twice the amount it received from the transaction.

According to the report, the total value that IBRA could have gained would be Rp 1.21 trillion. However, the report does not provide details.

Dradjat H. Wibowo, fellow economist of Indef concurred, saying that past asset sales under PT Holdiko Perkasa may have caused a loss of Rp 13.1 trillion to the state.

Holdiko was set up by IBRA to handle the sales of assets previously belonging to the Salim Group.

Ary Suta was installed as the chief of IBRA in June last year, becoming the sixth chairman during the agencies` four years of existence.

The previous five were: Edwin Gerungan, Cacuk Sudarijanto, Glenn Yusuf, Iwan Prawiranata and Bambang Subianto.

IBRA controls over Rp 600 trillion worth of assets transferred by indebted bank owners and is mandated to restructure or sell the assets to raise cash to help finance the state budget deficit.

[Brokerprofi]

Koizumi sagt Indonesien Unterstützung zu.
Ich gehe mal davon aus, das auch die schlimmste Zeit für BII und Indonesien vorüber ist. Mein Kursprognose zum Jahresende: 0,01 Euro.

gruß

brokerprofi

Koizumi affirms Japan commitment to help Indonesia economic recovery
13 Jan 02 - 09:51 GMT

JAKARTA (AFX-ASIA) - Japanese Prime Minister Junichiro Koizumi affirmed his government`s commitment to help Indonesia`s economic recovery and its development, Indonesian House Speaker Akbar Tanjung said.
Koizumi today ended his first visit to Indonesia and flew to Singapore, his fifth and last stop on a Southeast Asia swing.

"Japanese Prime Minister Junichiro Koizumi expressed the commitment of the Japanese government to continue to assist Indonesia in its economic recovery and in its development," Tanjung told journalists after the meeting.

Tanjung said he had sought Koizumi`s help in promoting investment in Indonesia and opening the door to more Indonesian exports.

Foreign Minister Hassan Wirayuda said earlier that Jakarta expected Tokyo to offer fresh loans or some other form of aid during Koizumi`s visit.

However, Koizumi was only considering offering 10 mln usd to help people made homeless by internal conflicts in Aceh and the Maluku islands, as well as for East Timorese refugees in Indonesian West Timor, his officials said.

He also promised 500 mln yen to improve elementary and secondary education.

During his talks with President Megawati Sukarnoputri, Koizumi briefed her on his proposed comprehensive economic partnership between Japan and the Association of Southeast Asian Nations (ASEAN) of which Indonesia is a founding member.

The partnership, which Koizumi said may include free trade accords between Japan and the 10-member ASEAN, should be expanded to other regional countries such as China, South Korea, Australia and New Zealand.

Megawati has been quoted as welcoming the idea.

Koizumi also urged Indonesia to respect human rights in dealing with the separatist conflict in troubled Aceh province.

"Aceh`s stability is important not only for Indonesia but also for the region as a whole," a senior Japanese government official quoted Koizumi as telling Megawati.

"He said that the Japanese government wishes the Indonesia government to approach this problem with human rights consideration in mind," the official said, briefing journalistsn Koizumi`s talks with the president.

Koizumi also expressed his support for Indonesia`s territorial integrity, he said.

The official said Megawati promised to continue the supply of liquefied natural gas from Aceh to Japan.

Aceh is home to the Arun gas field, whose major customers include Japan and South Korea.

zr AFN

[Brokerprofi]

Habe hier noch eine Meldung vom 21.12.2001.
Meiner Ansicht nach ist damit wieder mal eine Kapitalerhöhung geplant (Bin mir allerdings nicht sicher).

gruß

brokerprofi

BII planning to launch 900 bln rupiah rights issue by April
21 Dec 01 - 16:26

JAKARTA (AFX-ASIA) - PT Bank International Indonesia is planning to launch a rights issue worth 900 bln rupiah by April next year, the bank`s management team coordinator Rusli Prakarsa said.

The Indonesian Bank Restructuring Agency (IBRA) will act as a standby buyer for the issue, Prakarsa said at a public presentation.

He said a portion of the proceeds of the issue will be used to repay the bank`s deferred tax. He gave no further details.

rk/rc AFN

[Brokerprofi]

Indonesien schaftt die IBRA ab und ersetzt sie 2004 mit neuer Organisation.

gruß

brokerprofi

Indonesian government mulls new body to replace IBRA
17 Jan 02 - 08:43

JAKARTA (AFX-ASIA) - The Indonesian government is planning to set up a new institution to replace the Indonesian Bank Restructuring Agency (IBRA) when its terms end in 2004, the country`s top economic minister said.

"There are already some thoughts to form a new institution to replace IBRA," Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said after a meeting at the fishery and maritime ministry here, according to the state Antara news agency.

He said Minister for State Enterprises Laksamana Sukardi has proposed some sort of joint-venture to handle state assets that needed to be sold, citing similar bodies in South Korea and Thailand.

Sukardi added such an institution would act like a state enterprise or a special vehicle for the government, as the shareholder, but with an independent management.

"We may also form joint-ventures to handle the assets that have remained unsold by IBRA but maybe based on sectors, for example one that would only deal with properties etc," Sukardi said.

Kuntjoro Jakti also said the meeting of the Paris Club that gathers Indonesia`s main state donors had been postponed to April from March at the request of the Indonesian government.

He said the government needed more time to finalise various data and information on foreign debt.

Indonesian officials have said the government intends to ask for a rescheduling of principals and interest worth some 3 bln usd at the next Paris Club meeting.

The same group of donors in their last meeting agreed to reschedule loan principals worth 5.8 bln usd.

Indonesia`s outstanding foreign debt stands at 137.6 bln usd, 53.9 pct or 74.16 bln usd of which is owed by the state.

jr/ AFN

[broker*709]

Jetzt müssen die privaten Geldgeber ran !

Wenn das Geld aus dem Ausland wirklich wieder zurückschwapp`t, dann geht die Party los.

Was mein Ihr ?

February 1, 2002
Private funds will lead Indon growth, says World Bank

But govt must control budget, enforce reforms before they return

By
Anthony Rowley



INDONESIA will need further debt relief from official creditors this year and also continued support from aid donors to help it restore economic stability, but meaningful growth can only come through renewed private investment, a senior World Bank official said yesterday.

Investment will not return until the government gets its budget back under control and legal reforms take hold, suggested the bank`s country director for Indonesia Mark Baird during a briefing in Tokyo.





`The big money has gone to Singapore,` said Mr Baird noting that while Indonesian Chinese investors appeared reassured by recent improvements in the general environment affecting their lives in Indonesia they, like investors from elsewhere, would be unlikely to bring back funds to the country until President Megawati`s government is able to achieve reform in a number of key areas.

Among these, he listed the need for Indonesia to maintain a stable macro-economic environment and the necessity for the government to reduce its outstanding debt which has now risen to nearly 90 per cent of GDP; also, establishment of a quality legal system where laws are implemented rather than simply being put on statute books, a reduction in levels of corruption, and the need for improved basic infrastructure.

The World Bank official disclosed that the Washington-based multilateral development institution is itself considering making some `balancing investments` in Indonesian infrastructure - in the power sector for example where power shortages are expected to develop within two to three years.

But the private sector would have to provide the bulk of an estimated US$10 billion that Indonesia needs in power, transport and other areas, he said.

Compared with the roughly US$3 billion each which Indonesia is expected to receive from Paris Club lenders and from the donors of the Consultative Group on Indonesia this year, the sums required for infrastructure and other investments in Indonesia are huge, Mr Baird said, noting that private investment in infrastructure alone reached some US$20 billion in the 1990s before the Asian financial crisis.

Mr Baird suggested that Indonesia, which he said is still suffering from net capital outflows, could benefit from increased investment inflows from China as a result of the country`s improving relations with Beijing, and in the context of the proposed China-Asean free trade area. He also noted that Indonesia should gain from the enhanced economic partnership with Asean suggested by Japanese Prime Minister Junichiro Koizumi during his recent visit to Jakarta.

Mr Baird had no comment to offer, however, on reported remarks by Trade and Industry Minister George Yeo that Singapore is talking to Tokyo about the possibility of extending a proposed free trade agreement between the two countries to include Indonesia, in order to kick-start the `comprehensive economic partnership` with Asean proposed recently by Mr Koizumi. Mr Yeo had suggested that Singapore`s partnership with the US, which is currently being negotiated, should also include Indonesia.

Mr Baird said that the weakening of the yen should, in principle, help Indonesia since a large part of the country`s foreign debt is denominated in yen but as the Indonesia rupiah has also depreciated it is difficult to quantify such benefit, he said.

[broker*709]

Habe ich auch erst entdeckt - besonders der Wille, die Bank wieder zu einer "Stand alone Bank" zu machen überzeugt micht.

Was sagt Ihr ? .....


The Appointment Of New Management And Supervisory Team

On 14 December 2001, IBRA has appointed new Management and Supervisory Team as a follow up to Government`s decision to cancel Bank Mandiri acquisition an make BII as a stand alone bank. One of the main tasks of the new Team is to prepare for the Rights Issue to further strengthen BII`s capital.

The Management Team and Supervisory Team comprised of banking professionals as follows:

Management Team: Rusli Prakarsa (Coordinator)
Halim Susanto
Rudy N. Hamdani
Judi Prayudi Sudjono
Hermanus H.M
Hanafi Himawan

Supervisory Team: Sudiarso (Coordinator)
Jurida Malaon Baharson
Hiroshi Tadano

The new Team will work with full commitment to impove quality of services to all of our customers.

Jakarta, 19 December 2001

Supervisory Team
Management Team

[Brokerprofi]

@broker709

Das Weiterführen der Bankgeschäfte unter eigener Verantwortung halte ich für sinnvoll. Mandiri halte ich aufgrund ihrer Größe eher als nicht steuerbar.

Jetzt geht es einfach noch darum, BII von ihren Altlasten zu befreien. Wenn das geschehen ist, kann es m. E. wieder aufwärts gehen. Kritisch bleibt große Anzahl an ausgegebenen Aktien, die zu einer weitgehenden Verwässerung künftiger Erträge führen kann.

Derzeit sagt mit der Begriff right-issue auch noch nicht allzuviel.

gruß

brokerprofi

[broker*709]

Was geht geht bei der Bank Niaga ab !!

+ 15 Ruphia auf 75 !!!

Nicht schlecht bei einem so negativen Marktumfeld.

Weiter so :-)

[broker*709]

Warum die BNII heute wieder auf 20 Ruphia abgefallen ist, bleibt mir ein Rätsel :-(
Die Umsätze waren aber sehr gering.
Der Gesamtmarkt (besonders die INDO-Banken) gehen eher ins Positive.


Last Trade
3:42am · 20 Change
-5 (-20.00%) Prev Cls
25 Open
20 Volume
4,075,000
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
20 - 25 Bid
20 Ask
25 P/E
N/A Mkt Cap
N/A Avg Vol
N/A

[omegaman]

Kurze Frage.....Wie sieht es mit der Kapitalerhöhung aus...kommt sie und wenn ja wann??? Würdet ihr beim aktuellen Stand dazu raten evtl BII nachzukaufen??? Gruss Omegaman

[broker*709]

Nimm besser die LIPO-Bank - liegt fast wieder auf dem 52 Wochenwert von 60 Ruphia. (Heute Riesenumsätze)

Es ist nun ziemlich sicher, dass der Turnaround im Bankensektor am laufen ist !


Last Trade
4:00am · 55 Change
+5 (+10.00%) Prev Cls
50 Open
50 Volume
57,015,000
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
50 - 55 Bid
50 Ask
55 P/E
7.95 Mkt Cap
N/A Avg Vol
N/A
52-wk Range
25.00 - 60.00 Bid Size
N/A Ask Size
N/A P/S
N/A Div/Shr
13.47 Div Date
1-Aug-97

[broker*709]

Wer sagt`s denn !

Und schon sind die 60 Ruphia erreicht. Das ging selbt mir ein bisschen schnell. Besonders gut - die Riesenumsätze !

Last Trade
4:00am · 60 Change
+5 (+9.09%) Prev Cls
55 Open
50 Volume
174,370,000
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
50 - 60 Bid
55 Ask
60 P/E
8.74 Mkt Cap
N/A Avg Vol
N/A

[broker*709]

Der Bankenverkauf macht sich !

Indonesia setting up team for bank sale
March 4, 2002 Posted: 4:31 AM EST (0931 GMT)



The IMF is looking for reform under President Megawati (l), and grew tired of a lack of change from her predecessor


--------------------------------------------------------------------------------





--------------------------------------------------------------------------------

By Alex Frew McMillan
CNN Hong Kong

JAKARTA, Indonesia -- The Indonesian government is setting up a team to evaluate the bids for Bank Central Asia, the country`s largest retail bank.

"A special team will be formed to determine the BCA winner," State Enterprises Minister Laksamana Sukardi told Reuters news agency on Monday.

He said the team was particularly important to ensure "transparency," or the openness and fairness of the bidding. The group hopes to make a decision this week.

Sukardi is also the minister who oversees the Indonesian Bank Restructuring Agency (IBRA), which controls 60.3 percent of BCA and had been running the sale.

Selling off a majority of the bank is a cornerstone of Indonesia`s economic reforms. The sale has been repeatedly postponed but looks now to be moving ahead.

Two bidders still in the running
Final bids were submitted on January 28 and are now under review. Of four bidders, two have been ruled out after failing to pass the central bank`s suitability standards.

That leaves two bidders: a team led by British-based bank Standard Chartered and one headed by U.S.-based investment company and money managers Farrallon Capital Management.

Both have said they will let the bank run under its current name. With employees worried they will lose their jobs, both bidders have also pledged to work with BCA staff. Farrallon has made a promise not to lay anyone off for two years.

Whereas Standard Chartered has extensive Asian banking operations, Farrallon has no retail banking business of its own. Critics have painted the U.S. company as a "vulture capitalist" looking to pick up cheap assets.

The sale is a touchy topic in Indonesia, where BCA has around 8 million customers.

The International Monetary Fund has repeatedly pushed the Indonesian government to offload majority stakes in both BCA and Bank Niaga.

"Banking reform remains a key element of the government`s economic program," the IMF wrote on January 29, in a report reviewing its loan program to Indonesia.

It approved a $341 million loan disbursement, part of its three-year $4.5 billion overall program.

Controversial issues still undecided
But before it approves the next disbursement, the IMF has demanded more progress on six issues, the BCA sale among them.

Another of the six points is highly controversial in Indonesia. The government is mulling an extension of debts made to bankers during the Asian financial crisis.

Much of the money was abused -- by some estimates, 96 percent of the loans made, or around $13.3 billion.

The government is deciding whether to extend the repayment deadline to 10 years, from four. As it now stands, that deadline would come due this year. But the vast majority of repayments remain unmet.

The main Indonesian stock index, the Jakarta Stock Exchange composite, was up 0.4 percent at 453.953 in afternoon trade on Monday.

But most Asian indexes were much higher, with Tokyo`s Nikkei closing up 5.9 percent at its highest level in six months.

[broker*709]

Endlich reagiert unsere BNII !!!

+ 5 auf 30 Ruphia und das mit Riesenumsätze.

Last Trade
11:24pm · 30 Change
+5 (+20.00%) Prev Cls
25 Open
25 Volume
390,169,984
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
25 - 30 Bid
25 Ask
30 P/E
N/A Mkt Cap
N/A Avg Vol
N/A

[Brokerprofi]

Habe hier eine Nachricht zu BII gefunden:

IBRA stellt Mittel unter anderem für das Bank Internasional Indonesia`s rights issue bereit.

gruß

brokerprofi

IBRA sets aside 6.6 trln rupiah for merger of five banks/BII rights issue
07 Mar 02 - 08:17

JAKARTA (AFX-ASIA) - The Indonesian Bank Restructuring Agency (IBRA) has allocated 6.6 trln rupiah in bonds for the proposed merger of five banks as well as Bank Internasional Indonesia`s rights issue, the Jakarta Post reported, citing IBRA chairman I Putu Gede Ary Suta.

"Those (bonds) are the remaining bonds that we took over from Bank Mandiri, Bank Danamon and BII in 2001," Putu was quoted as saying.

He said IBRA is still calculating the value of bonds to be issued to the five banks, and to BII for whom IBRA will act as a stand-by buyer in case the rights issue does not attract enough interest.

The five banks designated for merger this year are Bank Prima Express, Bank Patriot, Bank Bali, Bank Universal and Bank Artha Media.

mtc/jv AFN

[go2dive]

hier der ganze Artikel:

Rp 6.6t for merger, BII`s rights issue: IBRA
The Jakarta Post, Jakarta

The Indonesian Bank Restructuring Agency (IBRA) has set aside Rp 6.6 trillion (some
US$660 million) worth of bonds to finance the planned merger of five banks and a Bank
Internasional Indonesia (BII) rights issue.

The agency`s chairman I Putu Ary Suta said on Wednesday the bonds in question were
part of the Rp 20.5 trillion recapitalization bonds collected from three banks as part
of the agency`s assets-to-bonds swap throughout 2001.

"Those are the remaining bonds that we took over from Bank Mandiri, Bank Danamon and
Bank Internasional Indonesia (BII) in 2001," he said.

He did not elaborate on the value of bonds to be allocated to the five banks and BII,
saying the agency was still calculating.

Ary Suta was speaking to reporters on the sidelines of a hearing with the House budget
commission.

IBRA plans to merge five banks under its supervision, namely Bank Prima Express, Bank
Patriot, Bank Bali, Bank Universal and Bank Artha Media.

The five banks are among the 11 private banks under the control of IBRA, which is
responsible for leading the banks back into good financial shape before returning them
to the private sector.

The merging of local banks is seen as part of the effort to restructure the country`s
faltering banking sector, widely blamed for the country`s lingering economic crisis.

The government injected liquidity support to local banks after most of their loans
turned sour at the peak of the 1997 financial crisis. In return, the government, via
IBRA, took them over.

As for the bonds for BII, the agency said it would use them to buy the bank`s shares
in case its rights issue failed to attract buyers.

"The recycle bonds will be used by the government as a standby buyer (to buy BII`s
shares) when the rights issue plan is realized," said the agency`s deputy chairman
Soebowo Musa, who was also present the hearing.

A rights issue means selling part of the bank`s shares to raise cash to help
strengthen its capital, thus improving the bank`s capital adequacy ratio (CAR).

CAR measures a bank`s capital against its risk-weighted assets, including loans.

[Brokerprofi]

Hier der unten (#200) angesprochene Artikel aus der Jakarta Post:

Rp 6.6t for merger, BII`s rights issue: IBRA
The Jakarta Post, Jakarta

The Indonesian Bank Restructuring Agency (IBRA) has set aside Rp 6.6 trillion (some US$660 million) worth of bonds to finance the planned merger of five banks and a Bank Internasional Indonesia (BII) rights issue.

The agency`s chairman I Putu Ary Suta said on Wednesday the bonds in question were part of the Rp 20.5 trillion recapitalization bonds collected from three banks as part of the agency`s assets-to-bonds swap throughout 2001.

"Those are the remaining bonds that we took over from Bank Mandiri, Bank Danamon and Bank Internasional Indonesia (BII) in 2001," he said.

He did not elaborate on the value of bonds to be allocated to the five banks and BII, saying the agency was still calculating.

Ary Suta was speaking to reporters on the sidelines of a hearing with the House budget commission.

IBRA plans to merge five banks under its supervision, namely Bank Prima Express, Bank Patriot, Bank Bali, Bank Universal and Bank Artha Media.

The five banks are among the 11 private banks under the control of IBRA, which is responsible for leading the banks back into good financial shape before returning them to the private sector.

The merging of local banks is seen as part of the effort to restructure the country`s faltering banking sector, widely blamed for the country`s lingering economic crisis.

The government injected liquidity support to local banks after most of their loans turned sour at the peak of the 1997 financial crisis. In return, the government, via IBRA, took them over.

As for the bonds for BII, the agency said it would use them to buy the bank`s shares in case its rights issue failed to attract buyers.

"The recycle bonds will be used by the government as a standby buyer (to buy BII`s shares) when the rights issue plan is realized," said the agency`s deputy chairman Soebowo Musa, who was also present the hearing.

A rights issue means selling part of the bank`s shares to raise cash to help strengthen its capital, thus improving the bank`s capital adequacy ratio (CAR).

CAR measures a bank`s capital against its risk-weighted assets, including loans

[Brokerprofi]

@go2dive:

Hat sich wohl überschnitten.
Das "right Issue" scheint ja so etwas wie eine Kapitalerhöhung (Dilution) zu sein)

gruß

brokerprofi

[broker*709]

Die Umsätze haben sich gigantisch entwickelt !

Last Trade
4:00am · 30 Change
+5 (+20.00%) Prev Cls
25 Open
25 Volume
404,264,992
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
25 - 30 Bid
25 Ask
30 P/E
N/A Mkt Cap
N/A Avg Vol
N/A

[broker*709]

Hoffentlich kommt jetzt auch der Push für den gesamten Sektor !

Confidence push from BCA sale temporary: Economists


The Jakarta Post, Jakarta

The government may have won market praise for its successful sale of Bank Central Asia (BCA), but economists warned the upbeat mood was temporary and that only a steady performance could prevent confidence from fading.

Last Thursday`s sale of a 51 percent stake in BCA ended what investors perceived as a test case for the government`s will to press ahead with divestments in spite of local opposition.

"BCA`s sale opens the door for future sales," said Hadi Soesastro, an economist with the Centre for Strategic and International Studies (CSIS).

Nearly two years of painstaking effort was spent on returning the country`s largest retail bank to private hands amid a sea of vested interests opposing the sale.

BCA is now being handed over to U.S. investment firm Farallon Capital Management and the owners of local cigarette maker PT Djarum.

Hadi described the sale process as in line with market expectations, although its result was surprising.

Many had expected Britain`s Standard Chartered Bank Plc to win, but its bid fell below that of Farallon.

The government overriding StanChart`s attempt to improve its bid, demonstrated efforts to maintain a credible process, said analyst Lin Che Wei.

StanChart accepted the outcome and said it remained committed to Indonesia. "We think there will be many more opportunities in Indonesia for Standard Chartered in the decades ahead," group executive Mike Denoma was quoted as saying by Reuters.

While Farallon said in a statement it believed in growing BCA into a major business thereby helping the entire banking sector.

Hadi further said the government must feed investors with consistent positive signals.

The next test case, he said, was the sale of cement maker PT Semen Gresik which was nowhere close to reaching a deal despite three years of trying.

"If something funny happens, it will immediately bring down all the past good news," he continued.

This included the recent crackdowns on high profile corruption suspects.

Since last week the government appears to be showing off a functioning legal system, as it detained House Speaker Akbar Tandjung, convicted Bank Indonesia Governor Sjahril Sabirin and detained businessman Hashim Djojohadikusumo.

Hadi warned of political deals behind the legal proceedings that could tear down its carefully built credibility.

Che Wei too warned not to let BCA off the hook just yet.

"The question of whether the old owner (of BCA) is still participating in the consortium has yet to be further studied," Che Wei said, noting that BCA`s former owner, the Salim Group, were close associates of Djarum`s owners.

Abroad, analysts also question the low asset sales target this year of only Rp 6.5 trillion which they said reflected the weak political will to push through privatization.

"The smallness of the target and the fact that they can`t make it reflects the strength of the vested interests that are opposed to reform," Bruce Gale, a Southeast Asian political analyst for Control Risk Group in Indonesia told Reuters.

[broker*709]

Gerade im EM-Forum gefunden.

Betreff: und was sagt EMI zu den Indo-Banken: mT
Geschrieben von: Steffi am Sonntag, 17 März 2002, um 10:34 a.m.
Antwort auf: Bank Bali- Top Zukunftswert (Balinese)

EMI 16.3.:
LPBN: kaufen
Bank Central Asia: kaufen
BII: zurückfahren

[broker*709]

Kurz vor Handelsschluss wurden die 35 Ruphia noch voll gemacht. Sehr schön !

Last Trade
5:00pm · 35 Change
+5 (+16.67%) Prev Cls
30 Volume
177,200,000 Div Date
19 Aug, 1997
Small: [1d | 5d | 1y | none]
Big: [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
Day`s Range
30 - 35 Bid
30 Ask
35 Open
30 Avg Vol
N/A Ex-Div
10 Jul, 1997

[go2dive]

IBRA to face three challenges
18-MAR-02

BANDUNG (Bisnis): IBRA is facing three challenges in fulfilling government target of Rp42 trillion in 2002 including through government stake divestment efforts in banks overseen by IBRA.
I Putu Gede Ary Suta, chairman of Indonesian bank Restructuring Agency (IBRA) announced the institution would soon sell government stake in some banks among others Bank Niaga, Bank Danamon, Bank Lippo,BII, Bank Artamedia, Bank Bali, Bank Patriot, Bank Prima Express, and Bank Universal.

"For materializing the plan, IBRA is targeting to divest and merge some banks this year. It is targeting all recapitalized banks would have been returned to public at the latest in 2003," he pointed out in the `Open discussion on IBRA`s roles and its controversial policies` in Bandung yesterday.

IBRA, Putu continued, will sell 51% stakes of Bank Niaga and Bank Danamon besides mergering five banks supervised by IBRA comprising Artamedia, Bali, Patriot, Prima Express, and Universal. Merger of five banks is scheduled to complete in third quart of 2002.

The step, he continued, is taken in a bid to contribute Rp42.8 trillion in revenues to the state in 2002. However, he said IBRA faces at least three challenges in fulfilling the target set by the government including bank divestment.

Firstly, he elaborated, assets value decreasing compared to that when they were previously sold. Secondly, assets remaining with IBRA`s AMI made up of those need long time for recovery.

In consequence to it, Putu added, IBRA has difficulties in achieving high recovery value in short time. Thirdly, in fact assets handed over to IBRA contain legal disputes resulting in decreasing selling value," Putu explained.

...
..

[broker*709]

Der Bankenbereich explodiert ==> siehe NIAGA

Last Trade
11:27pm · 150 Change
+15 (+11.11%) Prev Cls
135 Open
140 Volume
211,640,000
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
140 - 155 Bid
145 Ask
150 P/E
135.00 Mkt Cap
N/A Avg Vol
N/A

[go2dive]

zur Info

IBRA seeking additional assets from Sinar Mas
Dadan Wijaksana, The Jakarta Post, Jakarta

The Indonesian Bank Restructuring Agency (IBRA) is seeking additional assets from the Sinar Mas Group because the value of assets pledged last year is still less than the required amount.

IBRA chairman I Putu Gede Ary Suta said on Wednesday that the agency had recently completed the appraisal of the assets.

"There is a difference (in terms of value) between the disclosure of assets and the auditor`s report appraisal.

"According to the regulations they have to surrender additional assets," Ary Suta told reporters on the sidelines of a hearing session with legislators.

However, he fell short of explaining how many additional assets Sinar Mas must surrender.

The government decided in January last year to guarantee Rp 13.7 trillion (US$1.3 billion) of Sinar Mas debts in Bank Internasional Indonesia (BII) in a bid to spare the ailing bank from deeper trouble due to a possible default by the ailing group, which also owes billions of dollars to international creditors and bondholders.

In return, Sinar Mas agreed to surrender assets equal to 145 percent of its debts to BII as collateral until the group repay the debts.

Sinar Mas is expected to repay its debts in installments with the last payment, amounting to 65 percent of the total debt, to be made in September next year.

BII, the former financial arm of Sinar Mas, is now majority owned by the government via IBRA following a government-sponsored recapitalization program.

Around 90 percent of Sinar Mas` debts to BII belong to the group`s Singapore-based Asia Pulp & Paper Co., which has defaulted on more than $12 billion of foreign debt.

Sinar Mas, the country`s second largest conglomerate after the Salim Group prior to the 1997 financial crisis, borrowed massively from BII at the time to help finance its aggressive expansion programs.

According to previous reports, Sinar Mas had pledged various fixed and equity assets, which, according to an initial appraisal, was worth around Rp 23.1 trillion.

Among the assets pledged are factories and equipment under PT Indah Kiat Pulp & Paper, PT Tjiwi Kimia, PT Pindo Deli Pulp & Paper Mills, PT Lontar Papyrus Pulp & Paper Industry, PT Purinusa Eka Persada.

Sinar Mas has also offered shares in publicly listed Indah Kiat, Tjiwi Kimia, PT Duta Pertiwi PT Smart Corporation, in non-listed PT Indomilk, Pindo Deli Pulp, PT Bumi Serpong Damai, PT Henkel Indonesia.

But Ary Suta said the agency had yet to receive the shares in Indah Kiat and Tjiwi Kimia.

"Those shares haven`t been transferred yet," Ary Suta said.

The agency wants the group to hand over 27 percent of shares in Indah Kiat and some 42 percent of stakes in Tjiwi Kimia.

The plans to seek additional assets from Sinar Mas, however, may cause the jitters among the group`s foreign creditors and bondholders.

There are concerns that Sinar Mas` assets might have plunged in value due to a combination of the economic crisis and falling pulp prices on the international market.

Ary Suta also said IBRA was hopeful that it could install a chief financial officer (CFO) in the group`s operating companies soon, in a bid to strengthen control over the group.

[em.]

BNII heute 25/30 ist der kurze Traum schon wieder ausgeträumt. Sieht fast so aus. Wer hat eine deutsche Kurzzusammenfassung wie es um das Teil nun bestellt ist?

[lupos1]

München BOZ EUR 0,004 0,004 + 0,000 + 0,00 38.494 9.623.520 25. Mär 16:00
Frankfurt BOZ EUR 0,004 0,004 + 0,000 + 0,00 24.090 6.022.510 25. Mär 15:28
Stuttgart BOZ EUR 0,004 0,004 + 0,000 + 0,00 780 195.000 25. Mär 09:39
grus lupos

[Mr.Kosto1000]

Das sieht doch sehr gut aus!!! Bis Jahresende geht`s
vielleicht noch mal richtig in Richtung "alte Höhen".
Laßt` uns die Daumen drücken.
Gruß Mr.Kosto1000

[lupos1]

Börse Symbol Währ. Vortag akt.Kurs Diff. % Handelsvol. Gehand. St. Kurszeit
München BOZ EUR 0,004 0,004 + 0,000 + 0,00 44.794 11.723.520 25. Mär 19:39
Frankfurt BOZ EUR 0,004 0,004 + 0,000 + 0,00 24.090 6.022.510 25. Mär 19:30
Stuttgart BOZ EUR 0,004 0,004 + 0,000 + 0,00 1.560 390.000 25. Mär 09:

[Jompahban]

Schaut mal auf den Bid in Jakarta. Damit müßten wir nach unten gut abgesichert sein.

Quotes

Last 30 Last Date Monday, March 25, 2002
Change 0 Last Time 15:55:47
%Change 0 Volume 9210000
Bid 25 Offer 30
Bid Size 246050000 Offer Size 43485000
Open 30 Prev Change -5
Prev Close 30 Prev %Chg -20.0000
Today`s High 30 Today`s Low 30

[broker*709]

Jetzt streiken die auch noch !

Was ist in der Bank los ?

BII workers stage protest


JAKARTA (JP): Hundreds of workers of Bank International Indonesia (BII) staged protest at the bank`s headquarters on Jl. M.H. Thamrin in Central Jakarta on Tuesday, demanding a better salary and welfare, report said.

The protesters said they would march to the Assembly building later in the day to press demands, El Shinta radio reported.

BII workers have staged protests for three times in this past couple of weeks.

[Brokerprofi]

BII Management muss gehen.

Lippo Bank, BII must change management to improve - IBRA oversight committee
26 Mar 02 - 10:33

JAKARTA (AFX-ASIA) - Indonesian Bank Restructuring Agency (IBRA) Oversight Committee chairman Mar`ie Muhammad said PT Lippo Bank and PT Bank International Indonesia need to change management in order to improve performance.

Koran Tempo quoted Mar`ie as saying: "How can these banks become healthy if the former owners, management or affiliated parties are still running the banks?" Mar`ie said.

He said despite the fact that the government has 27.7 trlie former o t was these people who put the banks in trouble. Why cannot we get other people to manage the banks," he said.

The founder of Lippo Group, Mochtar Riady, maintains his post as chief commissioner while Lippo Group executives are still on the board of directors and commissioners of the bank.

alo/tr AFN

[Brokerprofi]

Der Inhalt des vorigen Artikels fasst man wohl besser mit dem Satz:

BII-Management sollte gehen (Nicht muss) zusammen

[broker*709]

Der Kurs geht auch schon wieder in die Binsen !

Oh je, oh je !

Last Trade
3:57am · 25 Change
-5 (-16.67%) Prev Cls
30 Open
30 Volume
3,785,000
Small: 1d 5d 1y none
Big: 1d 5d 3m 6m 1y 2y 5y max
Day`s Range
25 - 30 Bid
25 Ask
30 P/E
N/A Mkt Cap
N/A Avg Vol
N/A

[Brokerprofi]

+++Indonesien möchte 20jährigen Kreditaufschub vom club of rome
+++ Marktbericht
+++Right Issue vorerst an Zustimmung des Parlaments gescheitert


Indonesia to seek 20-yr debt rescheduling at Paris Club meeting
02 Apr 02 - 11:32

JAKARTA (AFX-ASIA) - Indonesia will propose to Paris Club creditors to reschedule the government`s debt maturing in 2002 and 2003 by 20 years, at a meeting scheduled for April 8-11, Anggito Abimayu, an aide to Finance Minister Budiono, said.

He said the government will seek to reschedule a total debt of 5.5 bln usd.

He said there are positive signs that some creditors are committed to the 20-year debt rescheduling for Indonesia, but he did not elaborate.

alo/jg/ AFN
+++++++++++++++++++++++++++++++++++
Jakarta shares close higher led by telecom, automotive stocks
02 Apr 02 - 16:36

JAKARTA (AFX-ASIA) - Share prices closed higher on continued support for Telkom and Astra International, although falls in Gudang Garam following the release of weaker 2001 earnings capped the upside, dealers said.

They said overall sentiment is positive leading into next week`s Paris Club meeting, amid expectations the rupiah will strengthen further, supporting stocks such as Astra which have large dollar denominated debts.

The composite index closed up 2.421 points or 0.5 pct at 489.089, off a high of 491.79 on volume of 1.83 bln shares worth 712.6 bln rupiah.

The LQ45 index was up 0.471 points at 106.309.

Gainers led fallers 84 to 37, with 110 stocks unchanged.

The rupiah was at 9,790/9,800 against the dollar compared to yesterday`s close of 9,735/9,750.

Analysts said investors are optimistic of the government`s chances of success at the Paris Club meeting of international creditors, scheduled to begin on April 8.

The government has said it will ask the group to extend by 20 years the deadline for government debt repayments of up to 5.5 bln usd, comprising both principal and interest, which fall due between April 2002 and Dec 2003.

Analysts said the optimism over the meeting has boosted sentiment across the market, prompting further gains in blue chips despite a common perception they are already overbought.

"Investors remain favourable towards Telkom stock, they are mostly waiting for further news on the (proposed) bond issue worth 1-2 trln rupiah, and on negotiations with (joint operating scheme partner) AriaWest," an analyst with a local brokerage said.

"This pushed the market higher today, along with Astra shares, but Gudang Garam dampened things a bit in the afternoon after it released its earnings for 2001."

Gudang Garam reported a 2001 net profit of 2.087 trln rupiah against 2. 243 trln a year earlier on sales of 17.97 trln compared to 14.965 trln.

Analysts said the result is largely in line with expectations, but sentiment towards the stock has weakened on the back of concerns over its light cigarettes segment.

Gudang Garam was down 150 at 10,800 rupiah on 1.8 mln shares and Sampoerna down 75 at 4,500 on 5.4 mln shares.

Telkom was up 75 at 4,250 on 31.3 mln shares, coming off a high of 4,325 after its ADRs in New York rose sharply overnight.

Indosat was flat at 10,250 on 3.6 mln shares, off a high of 10,400.

Astra International was up 25 at 2,725 on 29.5 mln shares, Astra Otoparts up 25 at 1,625 on 2.7 mln shares, Astra Graphia up 5 at 405 on 3.3 mln shares, United Tractors up 5 at 455 on 11 mln shares, while Astra Agro Lestari was lower on profit-taking, down 75 at 1,700 on 10.9 mln shares.

Bank Central Asia was down 25 at 2,600 on 11.9 mln shares on profit-taking after news the Farallon Capital-led consortium will pay the balance for a total 51 pct government stake in the bank by April 15.

Timah was up 50 at 700 on 4.5 mln shares and Aneka Tambang up 75 at 1,125 on 11.4 mln shares.

Semen Gresik was up 150 at 8,600 on 931,500 shares.

mtc/jg AFN
+++++++++++++++




Indonesia parliament refuses to clear BII rights issue until mgt changed
28 Mar 02 - 08:44

JAKARTA (AFX-ASIA) - The House of Representatives (DPR) will not approve PT Bank Internasional Indonesia`s proposed 4 trln rupiah rights issue until the government changes the bank`s management, Kompas reported, citing DPR Commission IX deputy head Paskah Suzetta.

"The rights issue proposal has not yet received parliament`s approval because there are still a lot of issues which must be fixed and clarified first," Suzetta was quoted as saying.

"There must be a replacement of BII`s management and a decrease in BII`s non-performing loan ratio, which is increasingly high."

There have been complaints that directors who sat on BII`s board before its takeover by the Indonesian Bank Restructuring Agency (IBRA) in the wake of the 1997-98 financial crisis, continue to control the company despite their role in its demise.

IBRA said earlier this week that BII will conduct a rights issue in June to raise 3.975 trln rupiah in fresh funds to increase its capital adequacy ratio to the minimum 8 pct required by Bank Indonesia.

Suzetta said other issues to be clarified before the DPR approves the rights issue include up to 900 bln rupiah in BII deferred tax and an audit which found assets pledged by Sinar Mas Group as collateral over some 1.3 bln usd in debts to BII fell well short of the required amount, which is 145 pct of the debt total.

mtc/lmf AFN

[Brokerprofi]

paris club natürlich, nicht club of rome...

[Watcher100]

Indonesien: Große Fortschritte in Schlüsselsektoren

Präsidentin Megawatis Verwaltung ist sichtlich bemüht, den Realsektor durch Entwicklungsstrategien neu zu beleben. Industrie -und Handelsministerin Rini Suwandi kündigte an, sie wolle sich hierfür auf die folgenden 4 Schlüsselsektoren konzentrieren: Textil- und Elektronikindustrie, Schuhwerk-, Zellstoff- und Papierindustrie. Obwohl keine konkreten Pläne bekannt gegeben wurden, handelt es sich bei diesen Sektoren um Schlüsselsektoren, die zur Zeit fast 2 Millionen Menschen beschäftigen; das Ziel ist, 350.000 weitere Stellen zu schaffen. Die Regierung hat ebenfalls angekündigt, Projekte bedeutender Größenordnung wiederaufzunehmen, deren Verwirklichung aufgrund der Krise 1997 verschoben wurde, z.B. große Energieversorgungsprojekte wie Tandjung Jati B und Paiton II, Tubans Petrochemiewerk, eine Gaspipeline im Süden Sumatras, Kujangs Düngemittelwerk im Westen Javas und der Bau verschiedener gebührenpflichtiger Straßen durch Java. Während noch Unklarheit über die Finanzierbarkeit dieser Pläne herrscht, hat die Japan Bank for International Cooperation die Absicht erklärt, das Gaspipelineprojekt im Süden Sumatras zu unterstützen. Die Regierung nimmt nun tatkräftig den Austausch der alten Mannschaft in staatlichen Betrieben in Angriff, die die Privatisierungspläne sabotierten. Die Regierung beabsichtigt, dieses Jahr über 6 Milliarden US$ durch Privatisierungen zu beschaffen. Die Regierung organisierte auch ein außergewöhnliches Aktionärsmeeting in Semen Gresik, um bestimmte widerspenstige Direktoren zu entlassen und diese durch den Aktionären (und der Regierung) wohlgesinnte Manager zu ersetzen. Die Problematik der Sicherheit und Arbeitsstreitigkeiten bleiben jedoch besorgniserregend, wie der Streit bei Caltex Pacific mit Einwohnern Riaus und die Streiks, die staatlichen Betrieben und lohnintensiven Industrien drohen, zeigen. Ein neues Gesetz für Schatzwechsel, das voraussichtlich Ende März rechtskräftig wird, soll der Regierung ermöglichen, 3,9 Billionen Rp Anleihen, die dieses Jahr fällig werden, zu refinanzieren. Diskussionen über die die Geldwäsche betreffende Gesetzgebung kamen gut voran und sollen ebenfalls zur Verabschiedung neuer Gesetze im März führen. Die Genehmigung der Schatzwechsel und Geldwäsche betreffenden Gesetze wird der Regierung helfen, 400 Millionen US$ in soft loans zu erhalten, die momentan von der ADB zurückbehalten werden. Die Regierung senkte ihre Einschätzung des 2001 BIP auf 3,3%. Dies ließ Zweifel über die diesjährige Zielsetzung von 4.5% aufkommen, die Castle Asia nie akzeptiert hatte. Der Verbrauch stieg letztes Jahr um nahezu 6%, und jegliches Wachstum dieses Jahr wird ebenso eher von der Verbraucherseite erwartet, da man weiterhin von zurückhaltenden Investitionen ausgeht. Die Regierung ist nahe daran, 51% der Bank Central Asia zu verkaufen und treibt den Verkauf der Niaga Bank und anderer IBRA Vermögenswerte voran, wodurch ein Wachstum in 2003 denkbar wäre. Die Frage, wie das Problem der hohen Staatsverschuldung Indonesiens gelöst werden könne, entwickelte sich zu einer nationalen Streitfrage, die erst in der ersten Aprilwoche anlässlich des Meetings des Paris Club der Staatsschuldner Indonesiens geklärt werden kann. Überschwemmungen in Anbaugebieten und die Unterbrechung der Lieferungen tragen wahrscheinlich zur Erhöhung der Inflation bei, die schon in den 12 Monaten vor Januar 2002 über 14,4% lag. Weitere Anzeichen für eine Schwächung der Wirtschaft sind abnehmender Import und Export sowie zurückgehendes Vertrauen der Verbraucher. Die Zinsen sollen hoch bleiben. Die SBI Rate liegt derzeit bei 16.89%, nur 100 Vergleichspunkte unter dem Novemberhoch von 17.88%.
thaiaktuell.com

So long

WATCHER

[broker*709]

Das Bankenproblem wird nun ernsthaft angegangen !

Die Frage ist nur, wo bleibt unsere BNII ?

Ich hoffe nicht auf der Strecke ;-)

IBRA prefers the coordinating bank scenario
12-APR-02

JAKARTA (Bisnis): Chairman of the Indonesian Bank Restructuring Agency (IBRA) I Gede Putu Ary Suta says the merger of five banks will put one of them as the coordinating or surviving bank, emphasizing there is no bleeding at those five banks.
"BI has set to give BDP status if there were government`s decision allowing IBRA to utilize account 519. DPR (House of Representatives) has agreed. Now the ball is in the hands of ministry of finance," Putu talked to reporters in Jakarta yesterday.

He adds ministry of finance is preparing standard operation procedure (SOP) change, that will allow the utilization of the fund in the account. "After being agreed upon the SOP will be tendered to BI, who will issue the BDP status."

Putu argues IBRA will choose one of those five banks as coordinating bank or surviving bank. "In the merger phenomena one company will survive. It is no matter with the name, coordinating bank or some other names," he says.

The five banks are Bank Bali, Bank Universal, Bank Patriot, Bank Prima Express, and Bank Artamedia. The BPD status applies to them excluding Bank Bali.

Account 519

The House has given nod for the utilization of account 519 to be on the lookout during merger process. The parliament, however, has leashed out some requirements, such as no coordinating bank and due diligence for each bank prior to merger.

According to Putu, there are three types of business combination. Firstly, several companies merge by choosing one among them. For example, if five banks merger, one of them will survive, while other four will dissolve.

Secondly, by consolidation, where several companies are merged into a new company. This scenario was applied to the merger of Bank Mandiri.

Thirdly, by acquisition where several banks merge with each maintaining its existence.

"So in the merger of the five banks, IBRA prefers the coordinating bank scenario. One of the merged banks is chosen based on some criteria, CAR and assets performances among others," he says.

No bleeding

Separately director of the directorate for bank control at Bank Indonesia Siti Ch. Fadjridjah says BDP status for merged bank is pending permission from the ministry of finance to allow the utilization of account 519 for being on guard during merger process.

"Until now BI has been awaiting letter from minister of finance. I have no idea of its content, whether there is SOP change or other. The fact is that we have not received the letter, perhaps pending the minister`s return from Paris Club meeting," Fadjridjah says.

She admits there is no bleeding resulting from funds extractions by customers. "As the process of waiting for BDP status goes on, there is no bleeding at the banks. There is, however, some loss due to current banking condition. But, in reality BI has been monitoring the development of the banks day by day."

Fadjridjah is confident there will be no utilization of funds in account 519 during merger process if existing macro situations goes remain. "I think funds will not be utilized in the situation like this. I strongly believe it," she assets. (yn)

[Brokerprofi]

Hi Watcher, auch mal wieder im Indonesien-Thread?

Paris-Club stimmt teilweisen Zahlungsaufschub für Indonesien um 20 Jahre zu.
gruß

brokerprofi

Paris Club deal the best Indonesia could have hoped for - economist
15 Apr 02 - 10:52

JAKARTA (AFX-ASIA) - The latest 20 year debt rescheduling approved by creditor countries under the Paris Club was the best deal Indonesia could have hoped for and should be positive for investor sentiment towards the country, Danareksa Securities economist Raden Pardede said.

Pardede said Indonesia could not have got a longer rescheduling as 20 years is the maximum permissible.

"As a civilised country we must honour the rules of the game. Indonesia is not Nigeria or other African countries which are entitled to get debt haircuts," he said.

A Paris Club meeting last week agreed to reschedule a portion of Indonesia`s external debt, reducing its debt service obligations between April 1, 2002 and Dec 31, 2003 to a maximum of 2.7 bln usd from 7.5 bln.

The Paris Club creditors said the rescheduling was designed to "further support the continuing efforts on economic recovery undertaken by the government of Indonesia" under an IMF program.

Indonesia`s debt repayment obligations for the period covered by the deal totalled 7.5 bln usd, of which 5.4 bln was rescheduled.

Under the terms agreed, official development assistance will be repaid over 20 years, with a 10-year grace period.

Commercial credits will be reimbursed over 18 years, with five years of grace.

Pardede said that as far as the budget is concerned, the Paris Club approval would give room for the government to concentrate on domestic debt repayment due this year and next year.

"This is a fact. And I think there is no reason not to see this as a positive development," he said.

"And I would say that the rupiah and stock prices have been boosted by this news. This is another positive fact," he said.

He added that another positive development is the fact that the creditors offered to increase the size of Indonesia`s debt swap facility, via which the country may use certain funds owed to foreign countries for projects such as nature conservation and education at home.

"But it is going be a bilateral deal with each different country. And I think Indonesia must do its best to use all of the offered facility," he said.

Bisnis Indonesia reported that the Paris Club creditor countries agreed to double the size of a commercial loan swap facility on offer.

"Such a facility was offered by the previous Paris Club. And the increase in the swap portion gives a great opportunity for the government although it will require tough negotiation with each country," he said.

alo/jr AFN

[broker*709]

Au Backe - die streiken schon wieder !

BII workers stage protest


JAKARTA (JP): Hundreds of Bank International Indonesia (BII) employees demonstrated in front of the bank`s headquarters on Jl. M.H. Thamrin in Central Jakarta on Monday, demanding the management provide better welfare.

Monday`s protest was part of a series of protests staged by the BII worker`s union in demand for a better salary and welfare support, El Shinta radio reported.

As of 2:30 p.m. the peaceful protest was still taking place and it was reported that the management had urged the employees to return to work.

The employees also complained about discrimination. They claimed promotions and salary hikes in the company were not based on a "proper merit-based system". (edt)

[broker*709]

Mal sehen, ob`s der BNII nützt !


IBRA and the Eka Tjipta Widjaja Family Sign Surrender of PT. Bank Internasional Indonesia Tbk. Shares

17/04/2002


The Indonesian Bank Restructuring Agency (IBRA) and the Eka Tjipta Widjaja family announced that they have signed an agreement to surrender the family’s remaining ownership of PT. Bank Internasional Indonesia Tbk (“BII”) to IBRA.

The signing was held on Wednesday, 17 April in Jakarta with The Chairman of IBRA, I Putu Gede Ary Suta representing IBRA and Franky Oesman Widjaya representing the Eka Tjipta Widjaja family.

The surrender of the Eka Tjipta family ownership in BII follows the Financial Sector Policy Committee (FSPC) decision concerning BII’s restructuring program. The main point of the FSPC decision was that the Eka Tjipta Widjaja family and the Sinar Mas Group of companies must agree to surrender their remaining ownership in BII to IBRA prior to the planned BII rights issue.

With the transfer of these shares, IBRA’s ownership in BII increases from 57% to 75% while the Eka Tjipta Widjaya family and Sinar Mas Group ownership decreases from 18% to 0%. The remainder of BII’s shares are held by the public.

[Brokerprofi]

Hier etwas zur Panin-Bank, die ja bereits wieder in einigen Börsenbriefen und Internet-Boards gehypt wird: Bewertung: Extrem hoch; PE-Ratio 190



STOCK ALERT - Panin Bank down 50 rupiah at 575 on valuation concerns
24 Apr 02 - 15:10

JAKARTA (AFX-ASIA) - PT Panin Bank shares were down 50 rupiah at 575 on volume 7.6 mln shares on valuation concerns, dealers said.

A dealer with a local brokerage said Panin Bank is now trading at an "extremely high" valuation level after its recent rally, with its PE ratio at around 190 times.

She said although at current levels its price-to-book value is rather equal to that of Bank Central Asia, its PE ratio makes the stock`s further gains unreasonable.

She said valuation-wise, only BCA presents a buying opportunity, and that all other banks, including Panin Bank and Bank Niaga, are too expensive.

She said the correction does not necessarily reflect market concerns over Panin Bank`s participation in the bidding for Bank Niaga`s majority stake.

alo/ AFN

[Watcher100]

Hey brokerprofi

Indofood says 2001 net up 15%

JAKARTA Ð The world`s largest instant noodle producer Indofood Sukses Makmur said yesterday its 2001 net profit rose 15 percent to 746.3 billion rupiah (US$$73.2 million) from 646.2 billion the previous year.

The company also said in a statement its chief executive officer and president director Eva Riyanti Hutapea "indicated that Indofood is geared to improve operations in 2002 and achieve a favourable turnaround from the less-than-spectacular performance in 2001" barring unforeseen circumstances.

Indofood`s net sales grew 15 percent to 14.6 trillion rupiah last year from 12.7 trillion in 2000.

Indonesia-based Indofood also said it wanted to pay a dividend of 30 percent from last year`s net profit compared to the previous 25.5 percent from 2000 net.

"The board of directors intend to propose dividend payments of 30 percent of its 2001 earnings at the coming shareholders meeting," Indofood said in a statement. Ð Reuters

So long

WATCHER

[Brokerprofi]

Hi Watcher,

das sind ja mal gute news. Meine Strategie: Indoensien, Korea akkumulieren, wobei Korea schon sehr gut gelaufen ist und nächsten Monat eine Zinsehöhung erwartet wird.

Thailand ist das große Fragezeichen. Kaufen, Verkaufen, ich weiß es nicht...

gruß

brokerprofi

[Brokerprofi]

DILUTION - twofold:
- firstly: the topic of this threat was used to deal with BII
- secondly: Indosat plans right issue for financing the purchase of Deutsche Telekom AG`s stake in Satelindo.

best regards

brokerprofi

Indosat to pay below 400 mln usd for Deutsche Telekom stake in Satelindo
25 Apr 02 - 17:46

JAKARTA (AFX-ASIA) - PT Indonesia Satellite Corp expects to pay less than 400 mln usd to buy Deutsche Telekom AG`s 25 pct stake in Satelindo, State Enterprises Minister Laksamana Sukardi said.

Asked to confirm rumours over the price that Deutsche Telekom is demanding for its stake, Sukardi said: "I think lower than 400 mln usd."

He would not comment further, saying the companies remain locked in negotiations.

He said Indosat has still not decided whether it will fund the proposed purchase through a rights issue or a bond issue.

Indosat earlier this month announced it has postponed Satelindo`s IPO, saying it will instead inject 75 mln usd in fresh capital into the unit to help it pay off some 400 mln usd in debt.

Indosat currently owns 75 pct of Satelindo, Indonesia`s second largest mobile phone operator.

The government is majority shareholder in Indosat.

Indosat shares closed today up 100 rupiah at 13,050 on volume of 2.7 mln shares.

The composite index was up 0.325 points at 544.587.

mtc/cml NNN AFN

[Brokerprofi]

Moody`s stuft das Rating von PT Bank Danamon Indonesia, PT Bank Rakyat Indonesia and PT Pan Indonesia Bank herauf.

Das Rating von BII wird mit blick auf mögliches Downgrade überprüft.

gruß

brokerprofi

Moody`s raises ratings outlook of Bank Danamon, Panin, BRI to positive
29 Apr 02 - 17:32

JAKARTA (AFX-ASIA) - Moody`s Investors Service revised the ratings outlook for the Caa1 long-term bank deposit ratings of PT Bank Danamon Indonesia, PT Bank Rakyat Indonesia and PT Pan Indonesia Bank to positive from stable.

It said the bank financial strength ratings of all three banks are unaffected.

"This move is to reflect the outlook change for Indonesia`s B3 foreign currency country ceiling for bonds and Caa1 foreign currency ceiling for bank deposits to positive from stable on April 25, 2002."

"With this revision, all Indonesian banks rated by Moody`s carry positive ratings outlooks, with the exception of Bank Internasional Indonesia whose ratings are under review for possible downgrade."

alo/pb NNN AFN

[Brokerprofi]

Kennt ihr sicher schon, aber der Vollständikeit halber auch hier BIIs Quasi-Bankrotterklärung.

Verlust aus dem operativen Geschäft in 2001: - 3.731 trln rupiah

Gesamtverlust (incl außerordentliche Aufwendungen) in 2001: Net loss - 4.131 trln rupiah

Verlust pro Aktie: 45 rupiah;

BII quasi ohne Haftungskapital (Gezeichnetes Kapital, CAR: negative 47.41 pct). Damit kann BII eigentlich nicht einmal mehr mit ihren stammeinlagen gegenüber ihren Schuldnern haften.

Das Überleben kann also nur durch Staatsgarantien gesichert werden.

Warten wirs ab...


gruß

brokerprofi

Bank Intl Indonesia FY net loss 4.131 trln rupiah vs profit 267.487 bln
03 May 02 - 08:27

JAKARTA (AFX-ASIA) - PT Bank Internasional Indonesia 2001 results:

Interest income - 3.283 trln rupiah vs 3.624 trln

Net interest income - 98.677 bln rupiah vs 711.548 bln

Other opg expenses - 4.339 trln rupiah vs 971.656 bln

Opg loss - 3.731 trln rupiah vs profit 107.552 bln

Net loss - 4.131 trln rupiah vs profit 267.487 bln

Loss per share - 45 rupiah vs EPS 3


The results are audited and the 2000 results are restated.

BII said its capital adequacy ratio was down at negative 47.41 pct as of Dec 2001 from positive 7.57 pct a year earlier.

The central bank requires all Indonesian banks to have CAR above 8 pct, warning those that fail to comply that they face merger with other underperforming banks or outright closure.

BII`s non-performing loans ratio -- which must be at or below 5 pct under central bank regulations -- was up at 61.88 pct as of Dec 2001 from 22.34 pct the previous year.

The return on assets ratio fell to negative 9.73 pct from positive 0.91 pct over the period, and return on equity was down to negative 3,790.78 pct from positive 39.22 pct.

The loans to deposits ratio fell to 34.94 pct from 65.58 pct previously.

mtc/jr AFN

[Rhum56]

@Brokerprofi

Das sieht aber garnicht gut aus

Der Staat kann nicht alle halten.

Andererseits ist der Laden zu groß, als dass man sich nicht
doch noch was einfallen lassen wird.

Es wird jetzt echt spannend

[Mr Looser]

laut www.em-forum.de tigerstaaten müßte es sich um eine falschmeldung handeln!!!! puuuuuh!!!

[Brokerprofi]

Na ja, was heißt Falschmeldung, dass ist die Meldung einer renommierten Presseeagentur.

Sehe hier nicht unbedingt eine Falschmeldung, zumal sie von dieser Presseagentur auch nicht widerrufen wurde und die Zahlen angeblich testiert sind.

Vielleicht will man aber auch nur das derzeitige Management davon jagen und hat deshalb von Seitens IBRA diese Zahlen veröffentlicht.


Das Zustandekommen dieses Ergebnisses liegt sicher in der unterschiedlichen Berücksichtigung der Pulp and Paper debts (Bilanztricks?)

gruß

brokerprofi

[Mr Looser]

Unter afx im Archiv konnte ich diese Nachricht aber nicht finden?
Wo soll den das original zu finden sein?

[farang777]

http://www.prnewsasia.com/indonesia/index.cfm?fuseact=sbody_…

ist link zur meldung

im em-forum hat ein faker für etwas verwirrung gesorgt...

bilanzierungstricks könnte tatsächlich eine ursache sein. ibra als aggressive quelle kann ich mir nicht vorstellen. schließlich ist indonesien ein land, in dem man sehr darauf aus ist, nicht sein gesicht zu verlieren. das bii management hat das wohl nicht geschafft. und nun?

no xxl-risk, no xxl-fun! wir sind ungefähr auf neuermarkt-niveau, in dieser dimension....

gruß
farang

[Rhum56]

@Farang777

echt guter Link. Da steht ja hoch interessantes drin.

Danke

[kebil]

Wenn ich das richtig verstehe, dann ist BNII jetzt fast am Ende. Der Anstieg der NFL ist dramatisch, 45 Rph Verlust pro Aktie und keine Besserung in Sicht.

[broker*709]

Der Untergang von BNII naht !

Was meint Ihr

Govt warned against delay in BII rights issue


JAKARTA (JP): A greater amount of tax payers money would be needed to salvage ailing Bank Internasional Indonesia (BII) if the government`s planned bailout measure was delayed, a senior official of the bank warned.

BII official Halim Sutanto said on Friday that the delay would inflate the size of the bank`s rights issue (the issuing of new shares).

"Delays in the (rights issue) plan would likely require a larger financial commitment from the government. The longer it is the more expensive that would be," BII official Halim Sutanto told The Jakarta Post.

He declined to give an estimate, but Reuters said that the size of the rights issue could increase to Rp 4.3 trillion from the original plan of around Rp 3.9 trillion (US$430 million).

The issue has been seen as the best mechanism available to save BII. Under the plan, the government via IBRA, which controls 75 percent of the publicly-listed bank, would become a standby buyer for the new shares. The government would use "recycled bonds" to finance the share purchase. Recycled bonds are government bonds which have been redeemed from recapitalized banks.

But the government must first obtain the approval of the House of Representatives to exercise this plan. IBRA is expected to meet with the House in the middle of this month after legislators end their month-long recess. The rights issue is expected in June.

Through the rights issue mechanism, BII will obtain fresh cash or government bonds to boost its capital adequacy ratio (CAR) to between 8-12 percent from minus 47 percent late last year.

Bank Indonesia`s minimum CAR requirement is 8 percent.

CAR is the ratio between a bank`s capital and risk weighted assets. The higher the CAR, the better the condition of the bank is.

There has been concern that lengthy debate by legislators, amid calls for the government to shut the bank instead, would cause a delay in the rights issue plan.

The government through IBRA injected about Rp 21 trillion worth of bonds in the late 1990s to recapitalize BII.

But after a couple of years, the bank`s CAR dropped again due to two reasons.

First, the government has declined to guarantee its interbank loans worth Rp 1.1 trillion. BII could not collect the loans because the related banks had been closed down. The government is meant to cover the obligation of closed banks under the blanket guarantee scheme, but IBRA ruled that the interbank loans were ineligible for the guarantee scheme.

Second, BII has deferred taxes amounting to Rp 900 billion, which according to a Bank Indonesia ruling cannot be treated as capital

[broker*709]

Was läuft den da schon wieder ab ?

Toller Kurs 20 Rupiah :-(

Government Decides To Reinforce BII

16/05/2002


“The Government has decided to reinforce PT Bank Internasional Indonesia Tbk (BII) through rights issue, in which the Government acts as a standby buyer” said Syafruddin A. Temenggung, Chairman of the Indonesian Bank Restructuring Agency (IBRA). The reinforcement cost of BII is estimated to reach about Rp 4.3 trillion.

Furthermore, the steps to take with regard to the reinforcement of BII, including management reshuffle, reverse stock split and followed with rights issue.

Rights issue is intended to solve the problem, which has so far hampered BII in running the intermediary function. “After the rights issue, BII performance will improve significantly”, said Syafruddin A. Temenggung.

The decision to reinforce BII has been made because the bank is considered to have sustainable banking products, banking facilities and reliable customer base. Presently, BII serves approximately 2 million customers and 425 thousands of credit card holders. The banking product and facility network is operated through 253 branch offices at home and 4 overseas branch offices with backup of 590 ATM units.

[Fliegenschiss]

Hallo,
ich bin ein Fremder in diesem Board. Ich lese aber alle Artikel die hier reingestellt werden. Ich bin schon seit ca 2 Jahren in dieser Aktie drin. Ihr koennt Euch sicher vorstellen zu was fuer Kursen.
Wenn ich diesen Artikel auswerte, denke ich, dass ich meine Aktien auch wieder zu den alten Kursen verkauft bekomme.
Wenn der Artikel stimmt, ist das die Rettung unserer Aktien.
Jetzt muessen wir nur noch etwas Zeit haben. 1 bis 2 Jahre.

Gruss
Fliege

[projektionsmatrix]

Seh ich genau so, hab in meinem Börsenbrief aus Jarkata ( :-) ) diese Mitteilung ebenfalls erhalten. Welchen anderen Sinn, als BNII wieder auf die Beine zu stellen, kann dies Meldung haben? Also: Noch 2 jahre warten, vielleicht wird`s tatsächlich wieder?


Gruß P-Matrix

[broker*709]

Schon wieder ein neues Management !

Ihr habt recht, jetzt können wir wieder 2 - 3 Jahre warten, was die so alles fabrizieren ;-)

IBRA installs new management team for BII


JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) installed on Friday a new management team for ailing Bank Internasional Indonesia (BII) as one of the conditions set by the House of Representatives for a government-sponsored bailoutprogram.

"We hope that the legislators in House Commission IX will give their full support (to the bailout plan)," IBRA Chairman Syafruddin Temenggung told a news conference.

He added that the reshuffle was also aimed at improving public confidence in the bank.

Legislators earlier demanded that IBRA, which controls 75 percent of the publicly listed bank, unseat senior executives still linked to the Widjaja family, the founder of BII, who hasbeen faulted for the near-bankrupt status of the bank.

The new management team of BII is now chaired by Sigit Pramono from state Bank Mandiri. The team members are: Armand Arief (from Bank Danamon), Sukatmo Padmosukarso (Bank Mandiri), Halim Sutanto (BII), Judi Sujono (BII), Rudi Hamdani (BII) and Dira Mochtar (IBRA).

IBRA also installed a new supervision team for BII,spearheaded by Soedarjono, the former commissioner of Bank Danamon. Members include Putu Antara, the former commissioner of Bank Danamon, Sumantri Slamet, IBRA deputy chairman, Pradjoto, a legal banking expert, and Fuad Rahmani, a senior official at the Ministry of Finance.

IBRA, an agency under the office of the State Minister of State Enterprises, has proposed for BII to launch a rights issue to raise some Rp 4.3 trillion (US$466 million) in funds to boost its capital adequacy ratio (CAR) to 17 percent from minus 47percent at the end of last year.

The agency is planning to meet with the House on May 23 to seek approval of the controversial plan.

Some legislators and analysts have called on the government to stop using taxpayers money to bail out BII.

The government first injected bonds worth Rp 6.6 trillion in 1999 into the bank to boost its CAR level to beyond the minimum 4 percent requirement. The CAR is the ratio between capital and risk-weighted assets. The higher the CAR the better the conditionof the bank.

Until now, the government has injected some Rp 21 trillion worth of bonds whose interest rate is covered by the already strained state budget.

Under the third bailout program, the bank will offer new shares to the public to raise the necessary funds. But in case no investors are willing to exercise their rights, the government will purchase all the new shares.

IBRA has repeatedly said that salvaging the bank through a rights issue would be the best and cheapest option on the table compared to other choices, such as a merger, acquisition or liquidation.

Given the huge sum that the government has to allocate for the rights issue plan, debates have been rife whether the plan is indeed the best alternative in terms of funding requirements.

Some have suggested that BII should instead be included in the planned merger of five weak banks to minimize the costs on the part of the government.

The five banks to be merged are Bank Bali, Bank Universal, Bank Artha Media, Bank Patriot and Bank Prima Express.

They argued that merging six banks would definitely cost less. (dan)

[Watcher100]

IMF Recommends Indonesia Recapitalize
BII
16 May 2002 21:4:14 WIB

TEMPO Interactive, Jakarta: The International Monetary Fund (IMF) has
recommended Indonesia recapitalize Bank Internasional Indonesia (BII), according
to State Minister for National Development Planning Kwik Kian Gie.

The minister, who was speaking to reporters after attending a cabinet meeting at
the office of State Secretariat, also denied rumors that the IMF tended to agree
with a plan to liquidate BII.

He said the government should recapitalize BII by issuing bonds but this was just
one of several choices.

“[The government] could also launch a right issue to prevent the bank becoming
privately-owned,” said Kwik.

He went on to say that the plan to launch a rights issue should be discussed
further. (Dede Ariwibowo – TEMPO News Room)

So long

WATCHER

[Rhum56]

Wer hat denn schon Post von seiner Bank?

Scheint so, als ob man jetzt Nägel mit Köpfen machen will.

..." die Gesellschaft führt zum 13.6.2 eine Zusammenlegung von Aktien durch.

Sie erhalten für 10 bisherige zu nom. IDR500 eine neue zu nom. IDR 5000, WKN8890036

(Also ein revers Splitt)

Die Zusammenlegung wird vorbehaltlich der Genehmigung durch die Hauptversammlung am 31.5.2 durchgeführt.

Ferner ist per Ex-Tag 28.6.2 eine kapitalerhöhung gegen Bareinlage geplant

Sie haben die Möglichkeit zum Bezug neuer Aktien im Verhältnis 4 : 15. Der Bezugspreis steht noch nicht fest, er wird voraussichtlich zwischen IDR 125 bis IDR 200 liegen.

Der Bezugsrechtshandel findet vom 11.7.2 bis 17.7.2 in Indonesien statt.

Nähere Einzelheiten erhalten Sie mit separatem Schreiben.

_____________________________________________________________
Bin ich mal gespannt, sollte der Kurs also ad hoc auf logische 0,02 € ansteigen nach dem Reverssplitt.
Eine Kap.-Erh. macht ja Sinn in deren Situation. Aber wenn die glauben uns die jungen für IDR 200 verkaufen zu können, dann haben se sich in den Finger geschnitten, denn das entspräche dem neuen Kurs nach heutiger Währungsumrechnung.
Bei 125IDR fang ich an zu überlegen, ob

Meinungen dazu!

[Alto007]

Ja, ich habe auch Post bekommen. Was da jetzt genau passiert, keine Ahnung. Ich kenne mich damit nicht aus. Soll man das Angebot mit den jungen Aktien annehmen? Kaufen!! Welche Gründe gibt es das die Aktien geplittet werden. Das heißt doch das meine 65.000 Aktien die zur Zeit 0,02 Cent/Aktie Wert sind, zukünftig nur noch 6.500 Aktien sind und einen Preis von 0,2 Cent/Aktie haben, oder? Welche Vor- oder Nachteile habe ich dadurch?

Gruß

Alto

[McZocks]

ich sitze auch noch auf einem Packen

den Nachteil kann ich dir sofort nennen:

das Ding kann (und wird) nach dem Reverse-Splitt wieder
um 98% fallen bis wir dann wieder bei 15 Rup sind

Vorteil: keinen - höchstens, dass es evtl. ein kurzes Auf-
bäumen gibt, da BII nun doch nicht liquidiert wird

aber ich werde mich verabscheiden, und von den paar Kröten
beim Thailänder gut essen (Indofood haben wir nicht)

[Gineo]

Hi,

BII als Toitettenpapier geeignet.


Gineo

[Rhum56]

@Alto007

Du hast Dich um eine Null vertan, das Ding steht bei 0,002€

@Gino

Als Toilettenpapier kannst Du die alten Stücke nehmen

@McZocks

So schwarz würde ich nun doch nicht malen

Meine Meinung dazu ist, dass BII aktuell darunter leidet, das normale Bankgeschäft nicht mehr richtig beackern zu können, weil Sinar Maß nichts zahlt und die Gesetze ein entsprechendes Vorgehen, wie es bei uns wäre, aktuell nicht richtig unterstützen.
Durch die Kap.-Erh. aber kann BII den normalen Geschäften wieder beitreten, die Sinar Maß langsam abschreiben bzw. nach einer entsprechenden Gesetzesänderung den Laden verwerten, woran die Banken dann in der Regel wieder einen guten Schnitt machen.
Nicht auszudenken, was mit dem Kurs geschähe, wenn es gelänge, Sinar Maß zu verkaufen
Daher würde ein Kauf junger Aktien Sinn machen, allerdings, so meine ich sollte man die Wunden der Aktionäre berücksichtigen, indem man entsprechende Vergünstigungen für die Altaktionäre einbaut in das Angebot, Junge zu kaufen.
Warten wirs ab, eh keine ander chance

[projektionsmatrix]

Denkt hier ernsthaft jemand daran, neues, frisches, gutes Geld NACH INDONESIEN zu schicken? Habe BNII, BNLI und LPBN seit 1999, das sagt genug.

Gruß p-matrix

[realBateman]

Hat von Euch schon einer das Buch "attac - was wollen die Globalisierungskritiker?" gelesen? Darin seht Ihr die Zukunft unserer Gesellschaft, u.a. Indonesiens und insbesondere die von BII...

Das Buch hat mir die Augen verdammt aufgerissen, das kann ich Euch sagen. Auch ich bin deren Opfer und hab nach wie vor seit 1999 Tausende Aktien von BII, die vielleicht nach kurzem Aufbäumen danach unweigerlich in die Knie gehen werden, um nicht zuletzt doch liquidiert zu werden!!!

Fazit: Kauft auf keinen Fall diesen Scheiss!!!! (auch wenn es natürlich mich als Aktionär wg. Nachfrage freuen würde...).

The real One

PS: Wer von Euch sich diesbezüglich auch schlau machen will, schaut doch mal bei www.attac-netzwerk.de rein.

[Rhum56]

@realBateman

Hab mal rein geschaut.Der Kölsche würde jetzt fragen:"un watt hat dat mit dem Bau der neuen mülhemer Brück zo dun?"
Im Klartext:
Man sollte nicht Äpfel mit Birnen vergleichen.

BII ist ne Bank in Indonesien, sonst nix.Attac ist ne Interessensvereinigung und sonst auch nix.

Das für eine Kaufentscheidung herbei zu ziehen, da würde ich in der Tat sagen, besser nix an der Börse machen!

Wir hier im Board denken da aber ganz anders

Attac wird den Lauf der Dinge nicht einmal verlangsamen können!
Ebenso sollte man bedenken, dass alle Veränderungen im letzten Jahrhundert kritisiert wurden, sich letztendlich aber doch entwickelten(manche auch negativ) und immer auch eine Chance boten.
Ein schönes Beispiel:
Anfang des zwanzigsten Jahrhundert wurde hoch gerechnet, wann New York im Pferdemist ersticken würde-----Dann kam das Automobil
So wird die Globalisierung weiter schreiten mit positivwen und negativen Folgen.
Der Börsianer versucht daraus seinen Nutzen zu ziehen, wir auch. Alles andere ist Quatsch.
Möglich, dass BII am Ende liquidiert wird, aber auch, dass wir am Ende doch kassieren. Deshalb steht der Kurs, wo er steht!!!

Nach allem, was man in der letzten Zeit so liest, werden nun doch erhebliche Anstrengungen unternommen, das Bankensystem wieder auf die Beine zu stellen, darum glaube ich zu 55%, dass BII durch kommt. Das ist ein Zock wert

so long

[Brokerprofi]

Der Reverse Split wird für uns alle ein Lehrstück über Kursentwicklungen nach Reverse Splits werden, die nicht von strategischen Maßnahmen begleitet werden, die die Situation des entsprechenden Unternehmens anhaltend verbessern...

Wenigstens aus dieser Sicht lohnt sich die Investition in BII.

Aber, trotz allem, irgendwie mag ich diese Bank, glaube keinesfalls an einen Konkurs, sehe sehr sehr langfristig auch bessere Kurse.

gruß

brokerprofi

[Mr Looser]

Zurück zur Natur! Nur der härteste und gemeinste Überlebt!
Es lebe die Globalisierung!

[Watcher100]

Indonesien: Indonesiens Kampf gegen die Korruption

In den kommenden Monaten wird die politische Macht von Präsidentin Megawati Soekanoputri auf die Probe gestellt, wenn die Regierung gegen in Korruptionsfälle verwickelte, öffentlich bekannte Personen vorgehen wird. Die Reihe prominenter Fälle schließt die Verhaftung des Parlamentsprechers Akbar Tandjung, dreier ehemaliger Minister und eines prominenten Geschäftsmannes ein, sowie die Überführung Sjahril Sabirins von der Bank of Indonesia. Die Regierung setzte des Weiteren ein Team von Rechtsexperten ein, das IBRA’s unkooperative Schuldner identifizieren soll. Die Beamten greifen nun hart durch und lassen den Schuldnern nur 3 Monate Zeit, ihre Schulden zu begleichen, ehe sie gerichtliche Schritte einleiten; einschließlich der Beschlagnahmung von Vermögen. Die DPR hatte weiterhin Grund zum Zögern, als die Frage aufgeworfen wurde, ob sie den Initiativen der Regierung, Reformen durchzuführen, entsprechen könne. Von den 24 Gesetzentwürfen, deren Gesetzeserlassung in der ersten Regierungssitzung vorgesehen war, wurden nur 3 angenommen; darunter ein Gesetz für Steuergerichte, mit dem man beabsichtigt, Steuerstreitigkeiten leichter schlichten zu können und ein Gesetz zur Geldwäsche, das Indonesien aufgedrängt wurde, um den Kampf gegen den Terrorismus besser bestreiten zu können. Präsidentin Megawatis kürzliche Chinareise war einerseits ein strategischer Zug, um bilaterale Bindungen zu stärken, andererseits eine symbolische Geste für sowohl in Indonesien als auch im Ausland lebende Indonesier chinesischer Abstammung, dass chinesisches Gewerbe in Indonesien willkommen ist. Der Besuch diente auch dazu, der USA und Japan deutlich zu machen, dass Indonesien in China einen neuen Freund hat. Indonesien erhielt von China 400Millionen US$ in soft loans, um Energieversorgungs- und Infrastrukturprojekte in Sumatra und Java zu realisieren und unterstützte die chinesische Regierung energisch bei einem neuen Liquid Natural Gas Vertrag. China verstärkte seinerseits Schritt für Schritt seine Geschäftspräsenz in Indonesien,
indem es besonderes Interesse an den Öl-, Gas- und Bergbausektoren zeigte. Darüber hinaus eröffnete die Bank of China kürzlich ein Büro in Jakarta. Obwohl sich die Weltwirtschaft erholt und das Wachstum in anderen asiatischen Ländern stark ansteigen wird, wird sich das Wirtschaftswachstum Indonesiens voraussichtlich verlangsamen. Das Wachstum im ersten Quartal wurde stark von den Überschwemmungen im Februar beeinträchtigt. Der die Landwirtschaft betreffende Ausblick wird ebenso unsicher ausfallen, da nach 3 guten Jahren, in denen die Einkommen auf dem Land durch gute Ernten in die Höhe getrieben wurden, frühe Hinweise auf eine drohende El Nino Wetterlage hindeuten. Dies könnte die Konsumausgaben untergraben! Ein weiterer Faktor, der einem Wirtschaftswachstum in diesem Jahr entgegenwirken könnte, ist das anhaltende Ausbleiben neuer Investitionen. Einige Voraussetzungen für einen Investitionsaufschwung scheinen einzutreten, wie z.B. IBRA’s Verkauf von BCA an Farallon, was den Internationalen Währungsfond dazu ermutigen sollte, die Bezahlung der nächsten Rate ihres Programms zur Unterstützung des Haushalts zu genehmigen. Die Inflation wurde von der erstaunlich starken Konsumnachfrage getrieben. Das Geldvolumen ist nun 15% höher als im März letzten Jahres und bricht die mit dem IWF vereinbarte Zielsetzung. Eine neue Absichtserklärung mit dem IWF sollte knappere Geldmengenziele gewährleisten.

So long

WATCHER

[Fliegenschiss]

Was heisst trennverhaeltnis 4 : 15

[Watcher100]

Telekom verkauft Anteile an PT Satelindo
Die Deutsche Telekom AG wird ihren 25% Anteil am indonesischen Mobilfunkanbieter PT Satelindo an die staatliche PT Indosat verkaufen. Dies vereinbarten beide Unternehmen in einer am Mittwoch in Jakarta unterzeichneten Grundsatzvereinbarung. Indo-sat hält bereits 75 % der Anteile an PT Satelindo und strebt im Rahmen der eigenen Privatisierung die vollständige Übernahme von PT Satelindo an. Als Preis wurden 361 Mio. Euro in bar vereinbart. Der Verkauf der Beteiligung soll bis Juni diesen Jahres abgeschlossen werden, vorbehaltlich der Zustimmung der entsprechenden Gremien.
Telekom-Chef Dr. Ron Sommer erklärte dazu in Bonn: „Mit dem Verkauf der Beteiligung in Indonesien folgt die Deutsche Telekom konsequent ihrer Strategie, führende Marktpositionen für die Gesellschaften des Konzerns in seinen Kernmärkten Europa und Nordamerika durch Mehrheitsbeteiligungen zu erreichen und damit Synergien für den Gesamtkonzern zu schaffen“
Telekom-Vorstand International, Jeffrey A. Hedberg, sagte zum Ergebnis der Verhandlungen: ”Für die Deutsche Telekom ergab sich durch die Privatisierungspläne unseres Partners PT Indosat die Möglichkeit zum Verkauf der Beteiligung in Indonesien zu günstigen Bedingungen. Dies wurde nach sorgfältiger Prüfung der Situation vor Ort erreicht und hat keine direkten Auswirkungen auf unsere anderen Beteiligungen in der Region“. Der Erlös wird vollständig in das Programm zum Schuldenabbau der Deutschen Telekom fließen. thaiaktuell.com

So long

WATCHER

[realBateman]

@Rhum56,
auch ich bin der Meinung, dass die Globalisierung nicht aufzuhalten und sogar für unsere Weltwirtschaft letztendlich gut ist. Es geht nicht darum ob, sondern wie sie durchgeführt wird. Ein kurzer Blick auf diese Site genügt da nicht, um Bescheid zu wissen was wirklich da alles abläuft und was Attac ist oder macht. Selbst Politiker haben begonnen sich von Attac "aufklären" zu lassen, da sie selbst oft nicht genug Zeit oder Möglichkeiten haben alles über die Geschehnisse und Auswirkungen der Globalisierung zu erfahren. Bei Attac sind renomierte Journalisten vom Spiegel, der TAZ usw. tätig, die sich die Aufgabe gestellt haben aufzuklären.

Natürlich hat das alles nicht direkt mit BII zu tun. Da der IWF aber in Indonesien kräftig mitmischt, sollten auch alle in Indonesien investierten etwas mehr Bescheid wissen was wirklich abläuft. Oder willst Du etwa nur zu den Leuten zählen, die Aktien kaufen nur weil sie billig sind und absolut keinen Background haben?? Willst Du zu denen gehören, die nur von Analysten sich was vorträumen lassen, die nur mit Zahlen um sich werfen, die im nächsten Moment auf einmal nichts mehr gelten?

Ich sage nicht dass Attac das einzig wahre ist. Es ist zum einen eine gute Gelegenheit sich weiterzubilden und zu erfahren was die Wirtschaft und Politiker ansonsten verheimlichen und zum anderen ein Pool für Leute die mithelfen wollen daran etwas zu ändern.

Olé,

rB

[towi1965]

*
*
*


Lt. Charttechnik soll der Index kurzfristig bis 620 Zähler gehen. Kann mir jemand die WPK von Call-Optionscheinen mit Restlaufzeit von < 6 Monaten und/oder die Quellen dazu nennen?

Besten Dank!!!

[Rhum56]

@Brokerprofi

#254

Das sehen wir gerade, ich glaube, dass hast Du richtig eingeschätzt.
Dennoch, Index auch +3% aktuell. Offensichtlich glaubt der Markt nun, dass es einschneidende Verbesserungen gibt.

Wurde aber auch Zeit")

[Crissie]

Mich fasziniert immer mehr, was die Bank Pan macht!!

VMK

[Vogtlandsiggi]

Kann mir mal jemand sagen was mit dem Kurs von BII passiert ist. Haben die aus 10 Aktien 1 Aktie gemacht??? Hab da lange nicht reingeschaut.

[Fanessa]

Hi,

geht mir genauso.
Hab meinen Augen auch nicht getraut.

Mein Bank-Depot zeigt aber unverändert die gleiche Stückzahl.

Wer bitte ist so freundlich und klärt uns hier auf?

Vielen Dank vorab und mfg

Fanny

[Mike_Hansen]

@Fanessa
reverse Split 10:1, ich habe nur noch 1/10 der Aktien im Depot. Wenn deine Bank das noch nicht gemerkt hat, dann hau die Aktien schnell noch weg

[Fanessa]

Danke Mike,

Heute lag`s in der Post.
Die KE werden wir wohl alle zeichnen.

Jetzt ist die Welt wenigstens wieder rund.

mfg

Fanny

[Rhum56]

WKN Indonesische Rupiah Wechselkurs Euro Geldkurs Briefkurs
IDREUR=X 125.000 8:15 0,0001 14,93 €

Yahoo Währungsrechner

Um es zu verdeutlichen und klarer heraus zu stellen hab ich das Bezugsrecht x 1000 und dann erst umrechnen lassen.

So und nun wollen die uns also Junge verkaufen zu 0,01493€ das Stück?????? (125 Rupien)
Wo steht denn der Kurs aktuell?????

Na den Scherz können die mit jemandem anderen durchziehen, mit mir jedenfalls nicht!!!

[Rhum56]

Aktuell Diff. Diff. (%) Handelsvol. Kurszeit
BK INTERNASL INDONESIA TBK, PTSHARES A RP 500 Berlin 889036 0,015 G -0,001 -6,25% 18.708,16 19:46/21.06.
München 889036 0,016 -0,001 -5,88% 320,00 18:14/21.06.
Frankfurt 889036 0,016 -T +0,00 +0,00% - 09:54/21.06.
XETRA 889036 0,02 +0,01 +100,00% 1.000,00 13:28/17.06.
Stuttgart 889036 0,015 -GT +0,00 +0,00% 3.125,00 14:43/21.06.
Stuttgart 889036 - +0,00 +0,00% - -

[broker*709]

Die IBRA unterstützt uns ?

IBRA willing to work with APP creditors
Tuesday, June/25/2002 16:43:59 GMT+7.

Indonesia`s powerful Bank Restructuring Agency (IBRA) said on Tuesday it was willing to work with creditors of debt laden Asia Pulp and Paper on a debt workout plan for the company.
But IBRA chairman Syafruddin Tumenggung said the agency would only sit down for talks after Sinar Mas, APP`s parent company, met this month`s debt payment deadline on part of its own $1.3 billion owed to the state.

"After Sinar Mas pays the 20% by June 30, I told the creditors that I am willing to sit and talk about it (a workout plan)," Tumenggung told reporters at a lunch meeting.

Around one billion dollars of this $1.3 billion are owed by APP which itself is also struggling to restructure a massive $12 billion in debts borrowed from mostly foreign creditors.

Tumenggung said some of APP`s creditors had recently met him to discuss the possible restructuring but all agreed Sinar Mas should make its own debt payment first.

"I told them I would agree to work with them on the restructuring of the rest of Sinar Mas debts, particularly those related to APP, on three conditions," Tumenggung said.

"First, that Sinar Mas must pay 20% by the June 30 deadline, second, that I will not share the pledged assets, and third, that the recovery rate should be around 70%."

"And they agreed, so perhaps sometime next week I will sign some kind of MOU with them on this".

Tumenggung said Deutsche Bank , which together with BNP Paribas had recently filed a legal action in Singapore to replace the current APP management, was not among the creditors who had met him.

Both Deutsche Bank and BNP Paribas, which are seeking to get debts worth over $200 million repaid, jointly filed a request at the Singapore High Court on Monday for the appointment of a judicial manager for APP.

Judicial management typically involves the appointment of an accounting firm to go through the books and begin restructuring.

Both said their intention was to facilitate the restructuring of APP, not to seek its liquidation.

Bankers said the renewed attempt might have been spurred by IBRA, which had said it would start seizing assets if Sinar Mas failed to make its key debt payment by June 30.

Tumenggung said he was not concerned with the legal action, only on Sinar Mas`s looming deadline.

"I`m only worried if they (Sinar Mas) don`t pay".

[Aktienneuling]

Wie ist denn das nun überhaupt mit dieser Indonesischen Superbank, geht das auch nur die Bezugsrechte zu verkaufen.
Hat jemand Infomaterial was das überhaupt für eine Bank ist und für was die die Kohle von der Kapitalehöhung brauchen.
Gruß!

[Watcher100]

Hey Brokerprofi

Habe im Moment wenig zeit, den Indonesischen markt zu beobachten. Wie sieht es aus bei Bank Bali,Bank Indnesia,
BamkLippo

So long

WATCHER

[broker*709]

Und es geht weiter runter !

Moody`s confirms Bank Internasional Indonesia ratings
Monday, July/29/2002 16:57:31 GMT+7.

Moody`s Investors Service confirmed the ratings of Bank Internasional Indonesia , concluding a review initiated on February 2, 2001. The confirmed ratings are Caa1/Not prime for long-term/short term deposits and E+ for bank financial strength. The outlook for the ratings is positive.
The confirmation reflects the improving prospects for Bank Internasional Indonesia with the planned recapitalization from the government, via a rights issue. The recapitalization will raise the bank`s reported capital adequacy ratio to 25% from negative 47%. Even with the government recapitalization, the bank remains financially weak, particularly with regard to asset quality.

However, the expanded capital base will provide a platform for the bank to rebuild its eroded franchise stemming from the negative publicity during the economic crisis. The bank continues to enjoy some franchise value - it is the largest local issuer of credit cards. Moreover, the resolution of the capital issue will likely result in the appointment of a new and more permanent management team to strategically guide the bank. Finally, strong government support for the bank is expected to be maintained given its government ownership.

Bank Internasional Indonesia, previously the largest private bank pre-crisis, is the now the fifth largest bank in Indonesia. The founding Sinar Mas group (Widjaja family) lost control of the bank during the crisis when related party, Asia Pulp & Paper, defaulted on its loans to the bank.

Since the bank was taken over by the Indonesia Bank Recovery Agency, management has changed numerous times. Similar to many other Indonesian banks, it holds a large percentage of government recapitalization bonds, comprising 65% of assets. It operates 57 domestic branches and 121 sub-branches, focusing on small medium enterprises and the retail segment.

[broker*709]

Zumindest, der BANK-Niaga-Verkauf geht weiter!

Die Frage ist nur, mit welchem Gewinn / Verlust, werden wir Ende Oktober dastehen ?

Govt says to resume Bank Niaga sale next week
Friday, August/2/2002 11:12:21 GMT+7.

Indonesia government said on Friday it will resume the auction of a 51% stake in mid-size PT Bank Niaga Tbk (JSX:BNGA) next week and expected to have the sale completed by the fourth week of October. The government has previously said it expected to restart the auction by early August and have it completed by mid-September.
While not a key asset sale, a successful Niaga divestment would help the cash-strapped government raise funds as part of economic reform efforts. Jakarta cancelled a previous auction in June after receiving low bids from the two final contenders, a consortia led by the Australia and New Zealand Banking Group (ANZ) and Malaysia`s second largest lender Commerce Asset-Holding Bhd.

The state-owned bank restructuring agency IBRA said in a newspaper announcement on Friday that the bidding price must be at least the same or higher than a floor price which will be set by the influential agency. IBRA said the floor price will take into consideration Bank Niaga share price on the Jakarta stock market and its book value per share.

The sale will be part of efforts by IBRA, which controls some 97% of Niaga, to sell up to 71% of the bank this year, first unloading up to 20 percent on the stock market.

Bank Niaga shares ended up five rupiah at Rp40 on Thursday against Rp80 when the previous final bids were submitted in June. Analysts have said with only around three percent of Niaga traded on the stock exchange, its market price does not reflect the bank`s real value, estimated at around $120 million or less than Rp15 a share.

Reported by : Reuters

[Brokerprofi]

Hi´Watcher,

sorry für die späte Antwort.
Ich bin im Moment beruflich zu involviert, komme zu nichts anderem mehr.
Bin zwar noch voll investiert, habe aber keine Zeit News und Nachrichten zu verfolgen.
Ich hoffe, nur, das die die 350 im SET der Boden ist...

gruß
brokerprofi

[broker*709]

Wie geht`s nur mit den Bankenverkauf bei diesen schlechten Markt weiter ?

Betreff: Bankenwerte Indoland - mT
Geschrieben von: ThaiClaus am Dienstag, 6 August 2002, um 12:44 p.m.


IBRA plans to launch Bank Danamon stake sale in September
06 Aug 02 - 08:09 GMT

JAKARTA (AFX-ASIA) - The Indonesian Bank Restructuring Agency plans to launch the sale of the government`s majority stake in PT Bank Danamon Indonesia in September pending parliament approval, IBRA chairman Syafruddin Tumenggung said.

Speaking to reporters after a meeting with visiting IMF Asia Pacific deputy director Daniel Citrin, Tumenggung said he told the IMF about the tough situation IBRA is facing in selling bank stakes.

"They raised various questions on the Bank Niaga sale. I explained to them that we still want to sell the bank and they can understand it," he said.

Indonesia has promised the IMF that it will sell the majority stakes in PT Bank Niaga, PT Bank Danamon and PT Bank Lippo this year.

Tumenggung said IBRA still expects to close the Bank Danamon stake sale this year but he did not give further details.

He would not comment if IBRA still plans to sell a portion of Bank Danamon shares in the open market prior to the strategic stake sale.

On Bank Niaga, IBRA relaunched the sale of the government`s stake in the bank earlier this month after it failed to obtain a good price at the first auction in June.

IBRA deputy chairman Mohammad Syahrial yesterday said the agency will cancel the second attempt to auction the Bank Niaga stake if it continues to receive low bids.

Tumenggung said IBRA has only been able to sell 1.0 pct of the planned 20 pct sale of Bank Niaga shares via the open market.

"We cannot continue selling (in the open market) because the broader market is weakening," he said.

alo/jg AFN



Copyright ©2001 PRNewsAsia. All Rights Reserved.

Grüße
ThaiClaus

[broker*709]

Und schon gibt die nächste Info zum Niaga Verkauf !

Hoffen wir das Beste !!!

Betreff: Bank Niaga - erwarteter Mindestpreis 40 IDR ?? - mT
Geschrieben von: ThaiClaus am Donnerstag, 8 August 2002, um 7:06 a.m.
Antwort auf: Bankenwerte Indoland - mT (ThaiClaus)

Indonesia gets expressions of interest from 4 investors for Bank Niaga -report
08 Aug 02 - 00:55 GMT

JAKARTA (AFX-ASIA) - The government has received expressions of interest from four investors for the purchase of a 51 pct stake in PT Bank Niaga, Bisnis Indonesia reported.

They include the ANZ Bank Group Ltd consortium -- which along with the Commerce Bank consortium was one of the final two bidders in the original sale before it was cancelled due to the low offers received.

The other three parties interested this time around are the Commerce Asset Holding Bhd Group consortium, PT Bank Victoria International consortium and Batavia Investment Fund II Ltd.

The government, through the Indonesian Bank Restructuring Agency (IBRA), relaunched the strategic sale of a majority stake in Bank Niaga last week, which is now scheduled for completion in the last week of October.

However, it has warned that it will not hesitate to cancel the sale for a second time if the bids again come in below its floor price, believed to be 40 rupiah per share.

Bank Niaga shares closed yesterday at 30 rupiah.

mtc/rc AFN

[realBateman]

Wie es aussieht - der Kurs von 889036 sinkt stetig, es findet kein Chat mehr statt - sind wir bald bankrott!

Oder gibt denn endlich mal wieder News???????

[broker*709]

Vom IMF gibts wieder Geld

IMF to disburse loan early December, says finance minister

JAKARTA (JP): The International Monetary Fund (IMF) is expected to disburse a loan amounting to 270 million in special drawing rights (SDR) or US$340 million to Indonesia early next month, finance minister Boediono has said.

"The loan might be released in the first week of December," Boediono was quoted by Antara as saying after attending a hearing with the House of Representatives` budget commission here on Thursday.

Meanwhile, the remaining $2.2 billion of the IMF`s commitment might be released in 2003, but it would still depend on the letter of intent (LoI), the minister said, adding that the IMF fund could be used to strengthen the country`s foreign exchange reserve. The government was expecting the IMF tranche to be disbursed last October.

The release of the IMF loan will augur well for the country`s economy after the government, represented by Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti, Boediono and Bank Indonesia Governor Syahril Sabirin, signed an LoI supplement on Wednesday.

[broker*709]

Der Niagaverkauf ist durch - juhuuuu

Indonesia Closes Niaga Sale to Malaysian Commerce
Friday, November/22/2002 14:01:43 GMT+7.

Indonesia said it is closing the sale of a 51 percent stake in mid-sized Bank Niaga for $115 million with Malaysia`s number two lender Commerce Asset-Holding Bhd on Friday.
The foreign exchange market closely follows Indonesian asset sales, as they are expected to help strengthen the rupiah currency on hopes of hard currency inflows if payment is in dollars.

The Niaga payment, however, would be made in rupiah, an official said.

"It is closing today. They are signing it now. (We) get the money, (they) get the shares. The (payment) is in rupiah," I Nyoman Sendera, a deputy chairman of Indonesia`s Bank Restructuring Agency, which is in charge of Niaga sale, told Reuters.

By late morning Friday trade, the rupiah was stable at 9,013/9,016 to the dollar, although off from around 8,950 early on Thursday.

The Niaga sale is part of an IMF-led economic reform programme and government efforts to bolster confidence in the country`s fragile banking sector. The deal marked Commerce`s first investment in an overseas bank.

Prior to the sale, IBRA owned around 96 percent of Niaga, which had total assets of 23 trillion rupiah by the end of September, making it the country`s ninth largest bank in terms of assets.

By late morning trade, Niaga was unchanged at 35 rupiah

Reported by : Reuters

[broker*709]

Der IMF-Kredit ist auch da


IMF approves $365m new loans to Indonesia


JAKARTA (JP): The International Monetary Fund (IMF) on Thursday approved the disbursement of a $365 million in fresh loans to Indonesia.

The decision followed the completion of the IMF’s executive board’s seventh review of Indonesia`s performance under a SDR 3.638 billion (about US$4.8 billion) Extended Fund Facility arrangement, the IMF said in a statement posted on its website.

The new disbursement of amounting to SDR 275.24 million (about US$365 million) brings the total amount drawn under the arrangement to SDR 2.262 billion (about US$3 billion).

"Indonesia has made continued progress in program implementation since the last review. Macroeconomic developments in 2002 have been favorable, with steady economic growth, moderating inflation, and a strengthening balance of payments.” Anne Krueger, First Deputy Managing Director and Acting Chair, said.

”However, the economic outlook has deteriorated as a result of the recent terrorist attack in Bali. The attack poses new challenges, which must be met, on the economic front, through the continued firm implementation of the government`s reform program,” she said

"Indonesia has made important progress during 2002 in laying the foundation for a durable improvement in macroeconomic fundamentals. After a small breach in the first quarter, 2002 budget execution has been brought back on track.

”The recently-approved 2003 budget strikes an appropriate balance between ensuring further fiscal consolidation to reduce the public debt and providing support for the economy in the aftermath of the Bali attack.

”The budget preserves development and social spending, while eliminating remaining fuel subsidies (with the exception of those on household kerosene). The budget also targets an appropriately ambitious non-oil and non-gas revenue increase through improvements in tax administration and additional tax policy measures.

"The prudent conduct of monetary policy has contributed to a further decline in inflation, which is expected to reach single digits by the end of the year. While there was some short-term weakness in the rupiah immediately following the Bali attack, the underlying strength of the currency has allowed a further easing of monetary conditions since the last review. A continued cautious monetary stance will be important to ensure that the program`s inflation objectives are met.

"Continued recoveries of bank and state enterprise assets are an important element of the government`s strategy to reduce the level of public debt. IBRA`s broad-based loan sale program has been successfully concluded. The priority now is to press ahead with the sale of IBRA`s remaining assets, and to collect payment from cooperating debtors under the revised terms of the bank shareholder settlement agreements, while taking enforcement actions against debtors who remain noncompliant with their settlement agreements. A sustained effort will also be needed to consolidate the momentum of the government`s privatization program, which was reinvigorated with the sale of a small stake in PT Telkom and the launching of the sale of a strategic stake in Indosat.

"The momentum of bank divestment has been restored with the sale of Bank Niaga. The focus has now shifted to the sale of a majority stake in Bank Danamon, to be followed in 2003 with the sale of Bank Lippo and, thereafter, the remaining IBRA banks.

"Accelerated progress in implementing legal and judicial reforms and establishing the rule of law is critical to improve governance and strengthen the investment climate, which continues to suffer from the widespread perception of judicial corruption and weaknesses in the legal framework. Establishment of the Anti-Corruption Commission, ongoing reform of the commercial court, and revisions to the bankruptcy law will be important milestones in this effort," Krueger said.

[Brokerprofi]

@Friends and Family...


BII scheint wieder an fahrt zu gewinnen...

0,80 bis 0,85 IDR, gibt es news?

EBITDA positiv???

EMI pusht???

oder muss man "verbilligen"???

was meint ihr???

gruß
brokerprofi

[Kugelschreiber]

Ich habe bereits zu 0,007 verbilligt und freue mich über den kleinen Kursanstieg. Ich glaube fest an Kurse zwischen 0,02 und 0,05 auf Sicht von 3 Jahren. Indonesien ist in Asien ein sehr großes und wichtiges Land. Banken braucht jede Volkswirtschaft.

[Brokerprofi]

Das stimmt schon Kugelschreiber,

aber Kursverdoppelungen kann ich derzeit im DAX sicherer und in kürzerer Zeit erreichen.
Mal sehen, ober er nächste Woche die 3000er nimmt, wenn nicht, Konsolidierung abwarten und kaufen!

Aber: BII bleibt sicher langfristig interessant.

gruß
brokerprofi

[Brokerprofi]

JarkartaPost vom 03.05.


Aceh (Separatistenbewegung, Islamisten) kocht derzeit, wieder hoch, Regierung erwägt Einsatz von Militär.

Indonesien plant IMF-Programm zum Jahresende zu beenden.

Gruß
brokerprofi

Govt determined to part with IMF: Hamzah

Fitri Wulandari, The Jakarta Post, Jakarta

The government is determined not to extend its agreement with the International Monetary Fund (IMF), due to end this year, Vice President Hamzah Haz said on Friday.

"The government is determined to end the IMF (agreement). But we have to prepare ourselves for that. It means we have to tap domestic resources," Hamzah said after Friday prayers at Al Falah Mosque, Tangerang, Banten.

Hamzah added that if the government wished to extend the agreement, then it would have to be discussed with the People`s Consultative Assembly (MPR), as the MPR annual session last year had clearly ordered termination of the IMF program.

Hamzah`s comment is the first official statement regarding the issue of IMF program termination.

The Vice President recognized that ending the IMF program would mean that Indonesia would have to repay about US$6 billion to $7 billion in outstanding debt to the IMF.

Indonesia`s foreign exchange reserves stood at US$33.6 billion as of the end of April.

Hamzah also expressed his confidence that, without the IMF, Indonesia`s fiscal status and balance of payments would remain safe, provided that the domestic security situation remained stable and exports increased.

"The problem in Aceh should be resolved quickly so as not to become a burden. The banking sector should start extending credits to improve the real sector," he was quoted as saying by detik.com Internet news portal.

The government plans to launch a military operation in Aceh to quell a separatist movement in the restive, resource-rich province.

Meanwhile, analysts said military operations in Aceh would create new security uncertainties, possibly increasing next year, at the very time the country would be participating in legislative elections and the first-ever, direct presidential election.

With such increasing uncertainty, a number of economists have suggested that the government extend the IMF program, at least to maintain creditor confidence in Indonesia.

Economist Fauzi Ichsan from Standard Chartered Bank said that once the IMF exited from the country, the international community would question Indonesia`s seriousness in carrying out its own structural economic reform programs.

"At present, international creditors and investors still have the confidence that Indonesia can carry out its economic reforms because the IMF is watching the process," Fauzi told The Jakarta Post.

Economist Pande Radja Silalahi, from the Centre for Strategic and International Studies (CSIS), said he doubted that the government would seriously implement structural economic reforms once it terminated the IMF program.

He argued that even during the IMF`s five-year "tutelage", the government had dragged its feet when it came to implementing the structural economic reforms set out in the government`s letter of intent to the IMF.

"If the government had been serious in carrying out economic reforms in the past, we would have `graduated` from the IMF sooner and not be dragging on like this, a situation that is costing us dear," Pande said.

IMF loans to the country are tied to the government`s commitment to implementing economic reforms.

[broker*709]

Sie steigt und steigt

Quotes

Last 90 Last Date Monday, May 05, 2003
Change 5 Last Time 15:17:56
%Change 5.88 Volume 7260000
Bid 85 Offer 90
Bid Size 6068000 Offer Size 6332000
Open 85 Prev Change -5
Prev Close 85 Prev %Chg -20.0000
Today`s High 90 Today`s Low 80

[broker*709]

Für die seit langem nicht mehr beachtete BNII ist das heute ein Hammerumsatz - und zwar noch oben

Börse
Aktuell
Datum
Zeit
Performance: 1 Tag Kursfest-
stellungen Gehandelte
Stück Handels-
volumen
Berlin-Bremen 0,012 06.05. 17:10 +0,003 +33,33% 21 2,4 Mio. 27.359
München 0,012 06.05. 15:58 +0,001 +9,09% 8 1,7 Mio. 20.520
Stuttgart 0,012 06.05. 15:57 +0,002 +20,00% 16 1,6 Mio. 17.263
Frankfurt 0,012 06.05. 18:06 +0,003 +33,33% 13 1,2 Mio. 13.873

[Brokerprofi]

Ich bin noch vorsichtig, mir sind die news zu BII derzeit einfach zu dünn.
Wäre ja schön, wenn BII enlich wieder lebendig wird.


gruß
brokerprofi

[Brokerprofi]

Aceh-Friedensgespräche durch Inhaftierung der Verhandlungsführer der "Free-Aceh-Bewegung" im Stillstand.
(Financial Times, 16.05.)

Gruß
brokerprofi

Indonesia arrests jeopardise Aceh talks
By Shawn Donnan in Jakarta
Published: May 16 2003 11:55 | Last Updated: May 16 2003 11:55


Last-ditch peace talks in Tokyo aimed at salvaging a five-month-old ceasefire in the Indonesian province of Aceh appeared unlikely to go ahead after police on Friday detained a key group of rebel negotiators leaving to attend the talks.


Indonesia and the Free Aceh Movement (Gam) announced on Thursday that they would meet in Tokyo over the weekend after the United States, Japan, and the European Union pressured Jakarta to delay a resumption of fully-fledged military operations in the province.

But diplomats said they now feared the international pressure would come to naught because of Friday`s detentions and military operations would go ahead without further talks. "It may not be the absolute death knell but it certainly sounds like it," a diplomat based in Jakarta said.

The five negotiators from the Free Aceh Movement (Gam) were detained by police early Friday while en route to the airport in Banda Aceh, the provincial capital.

Police said the five, who were arrested just 50 metres from their hotel, lacked the necessary exit permits and were not on a list of negotiators for the talks drafted by Gam.

In Jakarta, government officials at first seemed surprised by the detentions, which came on a public holiday in Indonesia, although later in the day they said they would go ahead with the talks, pointing to Gam representatives making their way to Tokyo from Stockholm as the proper negotiators for the rebel side.

Those same Gam leaders, however, said they may boycott the talks if their five colleagues detained in Banda Aceh were not freed

"We feel shock and disappointment over the Indonesian authorities` behaviour. It is not true that they were not members of our delegation," one negotiator told Reuters just before boarding a plane in Stockholm.

"We will do all possible to salvage these talks, even if they are not released, but I cannot say how far we can go," the Gam negotiators added.

The incident was a clear example of what analysts and diplomats believe have been sharp divisions between the civilian government in Jakarta and elements of the security forces - particularly those on the ground in Aceh - over how best to deal with Gam, which has fought for the independence of the resource-rich province at the northern tip of Sumatra since 1976.

Analysts blame both sides for the breakdown of a December 9 ceasefire in recent weeks. But they also say divisions within the Indonesian side have complicated the peace process.

The ceasefire was widely seen as an initiative of the civilian government of President Megawati Sukarnoputri and the military and police are believed by most observers to have been brought along only reluctantly.

Hardline elements within the security forces have also been accused of trying to sabotage it on a number of occasions, causing international peace monitors to leave the province, for example, and paving the way towards a full resumption of hostilities.

That, diplomats said, appeared to have been what happened again on Friday since civilian officials in Jakarta seemed caught off guard by the detention of the Gam negotiators.

[Brokerprofi]

Indonesien startet militärische Offensive gegen Aceh-Separatisten

gruß
brokerprofi


Indonesia launches strikes on Aceh rebels
By Shawn Donnan in Jakarta
Published: May 19 2003 9:10 | Last Updated: May 19 2003 9:10


Indonesia began a military offensive against separatists in the province of Aceh on Monday, launching a rocket attack against a rebel stronghold just hours after President Megawati Sukarnoputri declared martial law in the province.


The attack by two planes on a Free Aceh Movement (Gam) stronghold some 20 kilometres east of Banda Aceh, the provincial capital, marked the beginning of one of the biggest military operations launched in decades by the Indonesian military.

Mrs Megawati declared martial law in Aceh in the early hours Monday after last-ditch peace talks in Tokyo aimed at salvaging an already crumbling five-month-old ceasefire broke down. That cleared the way for the military to accelerate its deployment of troops and begin attacking Gam.

Lieutenant Colonel Ahmad Yani Basuki, a spokesman for the Indonesian military, said troops on Monday were moving on "strategic areas that we believe are Gam centres of operation."

General Endriartono Sutarto, the chief of the Indonesian military, said his troops had a simple objective. "Their job is to destroy the armed forces of Gam through to their roots," he told reporters.

The failure of the ceasefire is seen as a major victory for military hardliners in Jakarta who have long advocated an all-out offensive against Gam as the only way to solve the 27-year-old conflict.

Jakarta has said it will deploy 50,000 troops to the province in an effort to outnumber the poorly-armed Gam fighters by ten to one. Gam is thought to have less than 5,000 active fighters. Such a mass deployment, military leaders claim, would allow the Indonesian military to proclaim victory within months.

It would be paired, officials claim, with a humanitarian campaign as part of what the government is calling an "integrated operation."

But human rights and other activists are sceptical. They point out that civilians have made up most of the more than 12,000 casualties seen in the decades of war already passed in Aceh. And that was unlikely to change with any new campaign.

"Even if they call it an integrated operation people know it is a military operation," said Maimul Fidar, coordinator for a coalition of humanitarian groups in Aceh. "In the end the civilians will have to pay extensively for this military operation."

Additional reporting by Taufan Hidayat