Indonesia

In the last few months, overseas analysts and bankers were echoing that Indonesia is losing its sparks as favorite investment destination by investors due to new tighter regulations for mainly the mining and banking industry.

Guess which country could be the key player for Islamic banking?

riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.

BNI is looking to partner with 46 Japanese regional  operating in Indonesia within the year.

Bank Indonesia will require also Shariah banks to toughen down payments on housing and automotive loan.

Bank Negara Indonesia earmarked $106 million improve its information technology system.

Bank DKI plans to open a branch in Surabaya this month, according to its president director Eko Budiwiyono.

OCBC NISP posted a net income of Rp 407 billion in the first half.

Bank Internasional Indonesia reported a 61 percent net income increase in the first half with Rp 592 billion or $63 million.

Bank Mega credited their focus on credit disbursement to SMEs in doubling its net profit to Rp 909 billion or US$96.35 million in the first half.

OCBC NISP is assessing five to 10 financing companies as acquisition targets and has prepared Rp 500 billion to Rp 1 trillion for the transaction.

Maybank expects to keep its controlling stake in Bank Internasional Indonesia despite the recent change in bank ownership rules in Indonesia.

Indonesia’s bankers are the best paid in Asia while its banks are the most profitable in Southeast Asia.

Bank BJB increased its net profit by 10.29 percent to Rp 600 billion or US$63.21 million the first half.

Bank Mega doubled its net profit to US$96.35 million or Rp 909 billion in the first half of 2012 from Rp 431 billion last year.

Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.