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State-owned Enterprises Of Indonesia
In Indonesia, state-owned enterprises () play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses, and source of government revenue. The Ministry of State Owned Enterprises represents the government's function as a shareholder of most of those companies, while some are represented by the Ministry of Finance. Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as ''Badan Usaha Milik Daerah (BUMD)''. The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government. BUMDs roles are similar with BUMNs, with heavy emphasis on providing goods or services to the local community. In addition, there ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Garuda Indonesia
Garuda Indonesia is the flag carrier of Indonesia, headquartered at Soekarno–Hatta International Airport near Jakarta. A successor of KLM Interinsulair Bedrijf, it is a member of SkyTeam airline alliance and the second-largest airline of Indonesia after Lion Air, operating scheduled flights to a number of destinations across Asia, Europe, and Australia from its hubs, focus cities, as well as other cities for Hajj. It is the only Indonesian airline that flies to European airspace. At its peak from the late 1980s to the mid 1990s, Garuda operated an extensive network of flights all over the world, with regularly scheduled services to Adelaide, Cairo, Fukuoka, Johannesburg, Los Angeles, Paris, Rome, and other cities in Europe, Australia and Asia. In the late 1990s and early 2000s, a series of financial and operational difficulties hit the airline hard, causing it to drastically cut back services. In 2009, the airline undertook a five-year modernization plan known as the ''Quan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch–Indonesian Round Table Conference
The Dutch–Indonesian Round Table Conference (; Indonesian: ) was held in The Hague from 23 August to 2 November 1949, between representatives of the Kingdom of the Netherlands, the Republic of Indonesia and the Federal Consultative Assembly, representing various states the Dutch had created in the Indonesian archipelago. Prior to this conference, three other high-level meetings between the Netherlands and Indonesia took place; the Linggadjati Agreement of 1947, Renville Agreement of 1948, and the Roem–Van Roijen Agreement of 1949. The conference ended with the cession of sovereignty to the United States of Indonesia. Background On 17 August 1945, Indonesian nationalist leader Sukarno declared Indonesian independence from Japan. The Dutch, who had been expelled in 1942 by the Japanese occupation of the Dutch East Indies, viewed the Indonesian leadership as Japanese collaborators, and wanted to regain control of their colony. The conflict between the Dutch and Indones ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Rakyat Indonesia
PT Bank Rakyat Indonesia (Persero) Tbk ( "Indonesian People's Bank"), commonly known as Bank BRI or just BRI, is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2022, it is the second largest bank in Indonesia by asset. BRI is the oldest bank in Indonesia, tracing back since 1895. It is currently 53% government owned operating company (Persero) and has been government-owned for the entire period since the war of independence (1945 to 1949) to November 2003, when 30% of its shares were sold through an IPO. History BRI was founded in 1895, during the Dutch colonial period as ''De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden'' (Help and Savings Bank for Purwokerto's Aristocrats) by Raden Bei Aria Wirjaatmadja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escomptobank
The ''Nederlandsch-Indische Escompto Maatschappij'' (NIEM, ) was a significant Dutch bank, founded in 1857 in Batavia, Dutch East Indies. In the first half of the 20th century, it was the smallest of the “big three” commercial banks, behind the Netherlands Trading Society and the Nederlandsch-Indische Handelsbank, that dominated the Dutch East Indies’ financial system alongside the note-issuing Bank of Java. In 1949, following Indonesian independence, its name was changed to Escomptobank. Its main operations in Indonesia were nationalized in 1958, and later integrated into Bank Mandiri. Its residual Dutch operations went through multiple restructurings and mergers, and count among the many predecessor entities of ABN AMRO. Creation and development in the Dutch East Indies The NIEM was founded in 1857 by Paulus Tiedeman Jr. and , initially as a subsidiary of their Tiedeman & van Kerchem partnership. It was only the second private financial institution (after the Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Order (Indonesia)
The New Order (, abbreviated ''Orba'') describes the regime of the second Indonesian President Suharto from his rise to power in 1966 until his resignation in 1998. Suharto coined the term upon his accession and used it to contrast his presidency with that of his predecessor Sukarno (retroactively dubbed the "Old Order" or ). Immediately following the attempted coup in 1965, the political situation was uncertain, and Suharto's New Order found much popular support from groups wanting a separation from Indonesia's problems since its independence. The 'generation of 66' ('' Angkatan 66'') epitomised talk of a new group of young leaders and new intellectual thought. Following Indonesia's communal and political conflicts, and its economic collapse and social breakdown of the late 1950s through to the mid-1960s, the "New Order" was committed to achieving and maintaining political order, economic development, and the removal of mass participation in the political process. The featu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board considers it a systemically important bank. Maria Ramos is the group chair of Standard Chartered. Bill Winters is the current group chief executive. Diego De Giorgi is the current group chief financial officer. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to crea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chartered Bank Of India, Australia And China
The Chartered Bank of India, Australia and China (informally The Chartered Bank) was a bank incorporated in London in 1853 by Scotsman James Wilson, under a Royal Charter from Queen Victoria.Standard Chartered Bank History . Standardchartered.com. Retrieved on 26 December 2018. . Atsnotes.com. Retrieved on 26 December 2018. Though lacking a truly strong domestic network in Britain, it was influential in the development of British colonial trade throughout the . [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationale Handelsbank
The ''Nederlandsch-Indische Handelsbank'' (NIHB, ) was a Dutch bank established in 1863 to finance trade between the Netherlands and the Dutch East Indies. During most of the colonial period, it was the second-largest of the “big three” commercial banks, behind the Netherlands Trading Company and ahead of the Nederlandsch-Indische Escompto Maatschappij, that dominated the Dutch East Indies’ financial system alongside the note-issuing Bank of Java. In 1950 following Indonesian independence, the bank was renamed the Nationale Handelsbank (NHB, ). In 1959, its Indonesian activities were nationalized, and later contributed to the formation of the state-owned Bank Mandiri in 1998. In 1960, the NHB's remaining activities were acquired by the Rotterdamsche Bank, and were subsequently involved in the series of mergers that created ABN AMRO. Nederlandsch-Indische Handelsbank In 1863, the Nederlandsch-Indische Handelsbank was established in order to finance and deal with trade ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nederlandsche Handels Maatschappij
The Netherlands Trading Society ( or NHM) was a Dutch trading and financial company, established in 1824, in The Hague by William I of the Netherlands, King William I to promote and develop trade, shipping and agriculture. For the next 140 years the NHM developed a large international branch network and increasingly engaged in banking operations. In 1964, it merged with Twentsche Bank to form Algemene Bank Nederland, itself a predecessor of ABN AMRO. History The NHM was a private company which issued publicly traded shares. According to the king, the NHM would act to leverage economic activity and encourage the development of national wealth. However, in practice it came down to expanding existing trade, by gathering data and searching for new markets as well as financing industry and shipping. Its close association with the Dutch government meant it played an important role in the development of trade between the Netherlands and the Dutch East Indies. Its former headquarters in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Mandiri
PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of 2022, were 1.992 Trillion rupiah (around US$133 Billion). As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets. As of December 2022, the bank had 2,364 branches spread across three different time zones in Indonesia and 7 branches abroad, about 13,027 automatic teller machines (ATMs), and 11 subsidiaries, such as: Mandiri Sekuritas, Mandiri Tunas Finance, AXA Mandiri Financial Services, Bank Mandiri Taspen, and Mandiri AXA General Insurance. History Pre-merger Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. During the amalgamation and reorganisation, the government reduced the number of branche ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jakarta Stock Exchange
Jakarta Stock Exchange (JSX; Indonesian: Bursa Efek Jakarta (BEJ)) was a stock exchange based in Jakarta, Indonesia, before it merged with the Surabaya Stock Exchange to form the Indonesia Stock Exchange. History Originally opened in 1912 under the Dutch colonial government, it was re-opened in 1977 after several closures during World War I and World War II. After being reopened in 1977, the exchange was under the management of the newly created Capital Market Supervisory Agency (''Badan Pengawas Pasar Modal'', or Bapepam), which answered to the Department of Finance. Trading activity and market capitalization grew alongside the development of Indonesia's financial markets and private sector – highlighted by a major bull run in 1990. On 13 July 1992, the exchange was privatised under the ownership of Jakarta Exchange Inc. As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On 22 March 1995, JSX launched the Jakarta Automated Trading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
