Financial Sector RI Safe

Financial Sector RI Safe

Finance minister: Bad News still beware of the United States

Jakarta – the global financial sector will not provide the impact of the domestic financial sector. Fall of investment bank Lehman Brothers financial difficulties and the insurance company American International Group (AIG) is estimated will not destroy the financial industry soil water.

Director of the State Securities (SBN) of the Ministry of Finance Bhimantara Widyadjala said Lehman Brothers ownership of the international obligations of the Republic of Indonesia is not too significant.If they will release the bonds they buy, they also have not been able to do in the near future.

“The Status Lehman also can not sell the bond. In the release of their assets do not cost now, "said Bhimantara when contacted yesterday (18 / 9). So, from the bond market, Fall Lehman will not affect Indonesia.

Pasar obligasi juga tak akan terpengaruh oleh kesulitan keuangan yang menimpa AIG. Bond market also will not be affected by the financial difficulties that befall AIG. Untu SUN dalam negeri, hanya dikoleksi oleh AIG Indonesia. SUN for the country, only the country by AIG Indonesia. “Itu termasuk perusahaan yang terpisah, karena asuransi harus join ventura,” kata Bhimantara. "It including separate companies, because insurance must join Ventura," said Bhimantara.

SUN that the number of the country AIG also not too big. Bhimantara can not mention the ownership of the AIG SUN, the investors because the data can not be opened by the government "But I can say the amount is not significant," he said.

To AIG in the United States, also collect only a few U.S. international obligations. “They put in many countries.So many baseball, "said Bhimantara.

Although safe water in the soil, the Ministry of Finance Sri Mulyani Indrawati reminded to remain vigilant against the impact of the market situation in the United States. “Situation is still dynamic. Today none of the Ministry of Finance in the world who believe the situation safe in the bowels bua months ahead. Still appears bad news from the U.S., "said Finance minister in the House Building, Jakarta, yesterday.

Mean while, kolapsnya American International Group (AIG) will be Indonesia efect, PT AIG Life. Action by the Fed rescue by giving Pour EUR 85 billion (approximately Rp 799 trillion) to be quite good, although not fully reinforce the financial market. From the loan, the Fed intended to obtain 79.9 percent of AIG shares.

President Director of AIG Life Robert W. Bush explain what happened in the bank's parent company does not affect business activity AIG life. He mentions, fundamentally AIG Life is very good. AIG Life is also moving independently, not to reley on their parent countries supperpower it.

AIG Life is a separate business entity with AIG in the U.S. We follow the rules in accordance with the law in Indonesia, "said Robert in the official explanation yesterday.


** Source JP, 19/9/2008 **

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