ID :
23805
Fri, 10/10/2008 - 21:09
Auther :
Shortlink :
http://m.oananews.org//node/23805
The shortlink copeid
GOVT MULLING REGULATION IN LIEU OF LAW ON FINANCIAL CRISIS
Jakarta, Oct 10 (ANTARA) - The Indonesian government is considering the need to issue a government regulation in lieu of law (Perpu) on efforts to anticipate the impact of the worsening global financial crisis on the national economy.
Finance Minister Sri Mulyani met House of Representatives (DPR) Speaker Agung Laksono on Friday to discuss the latest developments in the global financial crisis and its impact on regional/international bourses and the possibility of issuing a government regulation in lieu of law on ways to deal with the problem.
The financial crisis that hit regional and global stock exchanges had forced the government on Friday to continue suspension of trading activities in the Indonesian Stock Exchange (BEI).
Besides discussing the developments in the stock market crisis, the minister during the 45-minute closed-door meeting also discussed with the House Speaker the possibility of the government issuing a regulation in lieu of law on efforts to anticipate the impact of the worsening global crisis.
The BEI authority was forced on Friday to continue the suspension of trading activities in the first and second trading session on Friday.
Asked whether in the Perpu the government needed to give priority to guaranteeing the funds of bank customers or the financial sector's safety net, the minister said in a condition like now it was difficult to say which had to be given priority.
"The important thing is that we should provide what we urgently need," she said.
The National Mandate Party (PAN) called on the government on Thursday to provide a security guarantee for about 77 million deposit accounts by raising security guarantee funds from Rp100 million to Rp2.5 billion per account.
"There are about 77 million deposit accounts in the country, including that of the Indonesian Retailers Bond (ORI)," PAN Secretary General, who is also PAN faction chairman in the House of Representatives (DPR), Zulkifli Hasan, said here on Thursday.
He said that based on PAN studies, about 90 percent of the 77 million accounts belonged to depositors with a deposit money less than Rp2.5 billion each.
Finance Minister Sri Mulyani met House of Representatives (DPR) Speaker Agung Laksono on Friday to discuss the latest developments in the global financial crisis and its impact on regional/international bourses and the possibility of issuing a government regulation in lieu of law on ways to deal with the problem.
The financial crisis that hit regional and global stock exchanges had forced the government on Friday to continue suspension of trading activities in the Indonesian Stock Exchange (BEI).
Besides discussing the developments in the stock market crisis, the minister during the 45-minute closed-door meeting also discussed with the House Speaker the possibility of the government issuing a regulation in lieu of law on efforts to anticipate the impact of the worsening global crisis.
The BEI authority was forced on Friday to continue the suspension of trading activities in the first and second trading session on Friday.
Asked whether in the Perpu the government needed to give priority to guaranteeing the funds of bank customers or the financial sector's safety net, the minister said in a condition like now it was difficult to say which had to be given priority.
"The important thing is that we should provide what we urgently need," she said.
The National Mandate Party (PAN) called on the government on Thursday to provide a security guarantee for about 77 million deposit accounts by raising security guarantee funds from Rp100 million to Rp2.5 billion per account.
"There are about 77 million deposit accounts in the country, including that of the Indonesian Retailers Bond (ORI)," PAN Secretary General, who is also PAN faction chairman in the House of Representatives (DPR), Zulkifli Hasan, said here on Thursday.
He said that based on PAN studies, about 90 percent of the 77 million accounts belonged to depositors with a deposit money less than Rp2.5 billion each.
