Indonesia’s anti-corruption agency predicted an increase in graft in the run-up to elections this year, with its vice chairman anticipating the rise will land major cases on the authority’s books.
Former Bank Indonesia Senior Deputy Governor Miranda S. Goeltom said the country’s anti-corruption agency has named her as a suspect in the bribery case involving her election to the post in 2004.
Indonesia said it is seeking bilateral swap agreements with two more central banks to protect its sliding currency.
Indonesia’s ruling Democrat Party chose the country’s president, Susilo Bambang Yudhoyono, as chairman ahead of national elections next year amid jockeying among possible replacements that could stall spending on roads and ports.
Every investor wants to buy into winning trends early. Fauzi Ichsan, senior economist at Standard Chartered Bank in Jakarta, says that the frontier market of Indonesia presents such an opportunity.