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Bank Bali Scandal
The Bank Bali scandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce Bank Bali chief Rudy Ramli to pay an illegal commission of Rp546 billion (then equivalent to about US$80 million) to private company Era Giat Prima in order to collect Rp904.6 billion owed by two banks taken over by IBRA. Part of the funds were used to support then-president B.J. Habibie's re-election bid, but his accountability speech was rejected by the nation's top legislative body after the scandal broke. The scandal was widely referred to as Baligate (after Bank Bali and the Watergate scandal). Most of those involved, including Golkar officials and Habibie aides, were either acquitted or not even prosecuted. Background The 1997-98 Asian financial crisis resulted in the collapse of 64 Indonesian banks. Numerous problematic banks were taken over by the government, which restructured and merged some of them. Prior to the cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roy Suryo
Roy Suryo Notodiprojo (born 18 July 1968 in Yogyakarta, Indonesia), commonly known as Roy Suryo, A Minister of Indonesia, was a Minister of Youth and Sports Affairs of Indonesia for the final 21 months of President Susilo Bambang Yudhoyono's Second United Indonesia Cabinet. A self-proclaimed expert in telecommunications and multimedia, Roy gained celebrity status for analyzing and commenting on the authenticity of evidence in political and celebrity scandals, such as leaked phone conversations and sex tapes..He hosted ''e-Lifestyle'' on Metro TV for five years. Before his cabinet role, Roy was a member of parliament representing Yogyakarta Special Region. Education and lecturing Roy studied at the Faculty of Communication at Gadjah Mada University (UGM) from 1991 to 2001. He taught at the Department of Photography at the Indonesian Institute of the Arts over 1994-2004. He has also been a guest lecturer at the UGM Communication D-3 Program, teaching photography for several semest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Advisory Council
The Supreme Advisory Council ( id, Dewan Pertimbangan Agung, DPA), is a defunct Council, advisory council for the President of Indonesia. Its function was to give advice on state and foreign affairs. Background There was no credible source about the background of the council's formation when it was embodied in the Constitution of Indonesia. In the supplement of the constitution, the council was compared to the Council of State, leading to possibility that the council was based on the in the Dutch East Indies. In the founding fathers of Indonesia itself, there was an opinion that the council was based on the village traditions in Indonesia, on which the villagers decided matters and resolve conflict with a "council of elders". This "council of elders" was in par with the Supreme Advisory Council, which was composed of retired politicians. History Formation The council was established one month and one week after the proclamation of independence of the Republic of Indonesia. W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of Indonesia
The Supreme Court of the Republic of Indonesia ( id, Mahkamah Agung Republik Indonesia) is the independent judicial arm of the state. It maintains a system of courts and sits above the other courts and is the final court of appeal. It can also re-examine cases if new evidence emerges. Jurisdiction The Supreme Court is independent as of the third amendment to the Constitution of Indonesia. The Supreme Court has oversight over the high courts (''Pengadilan Tinggi'') and district courts (''Pengadilan Negeri''). There are about 68 high courts: 31 General Courts, 29 Religious Courts, 4 Administrative Courts and 4 Military Courts. There are around 250 district courts with additional district courts being created from time to time.In late 2011, the former chief justice of the Supreme Court, Harifin A. Tumpa, said that the Indonesian government could only aim to establish district courts in 400 of the nation's 530 provinces, regencies (''kabupaten'') and municipalities (''kotamadya''). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit Board Of Indonesia
The Audit Board of Indonesia (Indonesian: ''Badan Pemeriksa Keuangan Republik Indonesia'', literally ''Financial Audit Board of the Republic of Indonesia'') is a high state body in Indonesia which is responsible for evaluation of management and accountability of state finances conducted by the central government, local governments, Bank Indonesia, state-owned enterprises, the Public Service Board, and institutions or other entities which manage state finances. History The body was initially established under the name ''National Supervision Board'' at Magelang, Central Java during the United States of Indonesia period on 28 December 1946.The Audit Board of the Republic of Indonesia |
PricewaterhouseCoopers
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. PwC firms are in 157 countries, across 742 locations, with 284,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa. The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice and $14.4 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC (stylized p''w''c) in September 2010 as part of a rebr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published Weekly newspaper, weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shangri-La Hotels And Resorts
Shangri-La Hotels and Resorts () is a multinational hospitality company. Founded in 1971 by tycoon Robert Kuok in Malaysia, the company now has over 100 luxury hotels and resorts with over 40,000 rooms in Africa, Asia, Europe, the Middle East, North America and Australia. Shangri-La has 4 brands across different market segments: Shangri-La, Traders Hotels, Kerry Hotels and Hotel Jen. The company's head office is in (嘉里中心), Quarry Bay, Hong Kong. Address in Simplified Chinese "香港鰂鱼涌英皇道683号嘉里中心28楼" The current chairman is Kuok Hui-kwong. History The first hotel of the luxury Shangri-La Hotels and Resorts Group was the Shangri-La Hotel Singapore, opened on 23 April 1971. The name derives from the mythical place Shangri-La, described in the 1933 novel ''Lost Horizon'' by British author James Hilton. The Shangri-La Hotel Singapore was managed by Westin Hotels & Resorts, until Shangri-La International Hotel Management Limited was founded i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional 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. José Viñals is the Group Chairman of Standard Chartered. Bill Winters is the current Group Chief Executive. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to create it: The Chartered Bank of India, Australia and China, and Standard Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Capital
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a " systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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