Why was Century Bank Saved?

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Why was Century Bank Saved? The Century Bank case seems to be rolling like a hot ball of fire. The rescue effort which is considered a way out of the problem by LPS on the recommendation of BI (Boediono) and approved by the Minister of Finance of the Republic of Indonesia (Sri Mulyani) seems to be an endless debate. Basically there are only 2 options when it's save or close. The decision to bail out Bank Century as a rescue measure is not without a clear basis or reason. Bank Indonesia recommended that Century Bank should be rescued, because if it closed it would have a systematic impact, according to Budiono, who was then BI Governor. The systematic impact in this case, which in the sense of the Act (BI and LPS), is the failure of a bank which will have a chain effect on the national banking system in particular and the nation's financial system in general, which in turn has the potential to trigger an economic crisis.

Indover Bank also has cases or difficulties that are almost the same as Century Bank.

But why this 'funding' has been widely debated. 5 million (Rp 55 billion). Or the total national banking funds in Indover reached more than Rp. 1 trillion. It is certain that these funds are closely related to the livelihoods of many people. Unlike Century Bank, where most of its customers come from conglomerates, one of which is a state bank under Bank Indonesia operating in the Netherlands. Indover Bank also has cases or difficulties that are almost the same as Century Bank. The assets owned by both are almost the same. But the DPR and Minister of Finance Sri Mulyani were reluctant to inject funds, so the bank was closed. Even though the bank is a state-owned bank that comes from state-owned banking funds such as BRI, Mandiri, BNI. At least the funds from BRI Budi Sampoerna and Murdaya Poo, and reportedly there is also a pension fund for American soldiers.

So that the rescue of Century Bank seems unfair when compared to Indover Bank, which incidentally belongs to the state, even though the liquidity assistance figure is ultimately the same, namely Rp. 6.7 trillion for Century owned by Robert Tantular and Rp. 7 trillion for Indover, which is owned by the Indonesian state. It turned out that in this case, LPS, Minister of Finance Sri Mulyani, and Boediono chose to save Century Bank rather than the "Indonesian state". From this, we can see that there are differences in decisions, perhaps because the 'network' of the cases is different or there are 'interests'. Then why did the DPR approve the proposal to 'rescue' Century Bank compared to Bank Indover? Because the DPR considers that it requires a large amount of funds to save Indover Bank, which is Rp. 7 trillion, which really sucks up state budget funds. If the funds needed are only 1-2 billion, it is possible to be saved. The DPR also believes that the closure of Bank Indover will not have a systemic impact as Budiono had feared. Because the funds in Indover are only around Rp. 10 trillion, it is very small compared to national banking funds which reach more than Rp. 1500 trillion. Century, 'only' needed funds of Rp 632 billion. Later, the DPR was only told that the bailout funds that had been issued were only Rp. 1.3 trillion.

Because the size and assets of Century Bank are almost the same as Indover Bank, the DPR's steps to save Century Bank with funds of around Rp. 1 trillion are still considered reasonable. However, there was a chain reaction of disbursement of larger funds. Bank Indonesia has given the wrong analysis. BI should have stated that the figure of Rp 632 billion was only the initial fund, which later had the potential to swell in the event of a large money rush. And it is proven, there was a large flow of funds in November - December 2008, so that in the end the rescue rate swelled to more than 1000%, namely Rp. 6.7 trillion. Then the question arose as to why a bank that had been robbed by its own owner was injected with large amounts of funds, then the facts emerged where such a large amount of funds had come from because until now, the small customers of the bank have been demonstrating to demand the return of their funds.

How to Check Vehicle Number Plate Owners Online, Easy!

Are you planning to buy an automatic car? Or planning to ride it in the near future? Maybe you already know that the way to drive an automatic car is different from the usual car, which shifts the gears manually. Automatic cars have automatic transmissions, where the automatic car gearshift system is designed to be able to move without having to step on the clutch pedal. Automatic transmission has two types of systems, both of which are also known to be simpler and easier, namely semi-automatic and automatic systems. This is How to Check Jakarta Number Plates, Easy! Even though it's automatic, it doesn't mean that driving an automatic type car is just playing the gas and brakes. You also have to be required to have a good feeling in measuring engine power because automatic cars also have transmissions that you can adjust depending on your needs. You will meet the automatic transmission lever with the code P, R, N, D, D3, 2 and L. If you are a new player in driving an automatic car, you are definitely confused by the letters and numbers that are rarely found. 9 Ways to Get Rid of Stickers on Motorcycles, Smooth Back Again! How to Check Vehicle Number Plate Owners Online, Easy! Complete Car Window Film Price List, Must Know! Well, to help you recognize a dead car gear, Qoala will explain in full about automatic car gear, from how to drive it, the meaning and function of each of the codes above and other information you need to drive an automatic car through this review.

If it's your first time driving an automatic car, you may be a little confused about how to drive it. Especially if you are used to using a manual car, which has a different way of operating the gear from the automatic one. This is because you don't have to adjust the clutch or shift gear because it's done automatically. You just need to stop and go without shifting gears or playing the clutch. But if you are not used to having to be careful, you might get confused between the brake pedal and the pedal or the wrong way to use the automatic car gear. Not infrequently heard of accidents because they are not familiar with how to shift gears automatic cars that are not familiar. Therefore you must know some important things in how to drive an automatic car below. As a beginner you need to be careful so that the lever is always in the correct position. First before starting the engine, the lever position must be in the P position or in the N position. Do not position the lever in reverse or R, these positions are used to reverse. If the lever is in the R position, the car will not start when it is started.

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