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COPYRIGHT 2005 Asia Pulse Pty Ltd
An executive briefing on banking for Feb 24, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDONESIA'S BANK MANDIRI TO SET ASIDE US$744 MLN FOR INFRA
JAKARTA - The country's largest bank , Bank Mandiri, said it will set aside Rp6.7 trillion (US$744 million) to finance credits for infrastructure projects this year.
A bank Director Nimrod Sitorus told legislators in a hearing yesterday the bank will provide credits for toll road, seaport, telecommunication, port, power plant and oil and gas projects.
BANK OF KOREA HEAD RULES OUT FOREIGN RESERVE SPREADING
SEOUL - The Bank of Korea (BOK), South Korea's central bank, has no plans to sell dollars out of the country's foreign reserves and replace them with other currencies, the bank chief said Thursday.
"At the moment, the...
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