Bank Indonesia Deputy Governor Budi Mulya became the latest target of probes into the 2008 PT Bank Century bailout that have threatened President Susilo Bambang Yudhoyono’s ability to fulfill his economic agenda.
Indonesia’s anti-corruption commission searched the central bank’s premises through the night as part of a probe into the 2008 PT Bank Century bailout that has dogged President Susilo Bambang Yudhoyono’s second term.
The Federal Reserve’s decision to postpone its rollback of U.S. stimulus offered Asian policy makers extra time to address domestic economic fragilities as the region copes with diminished capital inflows.
June 22 (Bloomberg) -- World Bank Managing Director Sri Mulyani Indrawati discusses the impact of the euro-zone debt crisis and U.S. slowdown on emerging markets. She speaks with Francine Lacqua and Guy Johnson from the sidelines of the St. Petersburg International Economic Forum on Bloomberg Television's "City Central." (Source: Bloomberg)
Emerging nations should prepare for an eventual reduction in U.S. stimulus even as the Federal Reserve unexpectedly refrained from adjusting policy this week, World Bank Managing Director Sri Mulyani Indrawati said.