11Feb 2015

Jakarta. Bank Mandiri, Indonesia’s largest lender by assets, posted a 9.2 percent profit growth last year after managing to maintain a strong net interest margin amid a tough year for the banking sector. Mandiri’s net income rose to Rp 19.9 trillion ($1.55 billion) in 2014 from Rp 18.2 trillion in 2013, according to its presentation […]

The post Bank Mandiri Powers Through Despite Challenging 2014 appeared first on The Jakarta Globe.

10Feb 2015

The tax office quietly issued a new regulation last week to link taxpayers’ tax identification number with their time deposits balance, bypassing Indonesia’s formidable banking secrecy, as it attempts to meet an ambitious tax revenue target this year.

The post The Taxman Cometh: New Rule Puts Kibosh on Banking Secrecy appeared first on The Jakarta Globe.