Cempaka Belanda: BI gets nod from House to give business units to govt

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, November 26, 2009

BI gets nod from House to give business units to govt

The Jakarta Post , Jakarta | Thu, 11/26/2009 1:29 PM

Bank Indonesia (BI) has the green light from the House of Representatives to let go its ownership of two subsidiaries by giving them away to the government after negotiations to agree on purchasing prices collapsed.

BI initially suggested the government purchase its stakes in insurance firm PT Asuransi Kredit Indonesia (Askrindo) and financial services group PT Bahana Pembinaan Usaha Indonesia (BPUI) using estimated market values of Rp 336.6 billion (US$ 35.68 million) and Rp 1.84 trillion respectively.

BI owns a 17.6 percent share in Askrindo and 82.2 percent of BPUI. The government owns the rest.

Negotiations for the planned share divestment, albeit prolonged beyond the deadline set by the central bank law, failed to conclude as the government had *limited funds'.

Under law, BI was obliged to divest all of its shares in its subsidiaries by Jan. 15, 2009 at the latest so at to focus on its monetary and banking supervisory duties.

"To be honest, BI preferred selling to giving away because the latter would cut our assets. On the other hand, settling takeover schemes with government has apparently been too complicated and has taken too much time," BI acting governor Darmin Nasution said Wednesday during a hearing with the members of House's Commission XI on financial affairs.

Finance Minister Sri Mulyani Indrawati acknowledged there were unsettled issues explaining why the government did not want to buy BI's shares in Askrindo and BPUI.

"BPUI in particular, still has debts to the government worth Rp 1.2 trillion from then state investment account funds (RDI), causing the company to suffer negative equity," Mulyani told the hearing.

BPUI initially borrowed Rp 250 billion of RDIs in 1997 but the interest has been accumulating for 12 years, causing the total debts now to be almost five times higher.

The company and the government are now discussing the option to convert the principal debt of Rp 250 billion into government shares, Mulyani said.

"The interest and penalty costs would be rescheduled into 20 years of instalments.

"All of these schemes can be implemented only if the legislators approve that BI gives its shares to the government," she explained.

Commission XI Deputy Speaker Melchias Markus Mekeng said that legislators understood BI's difficulties in releasing its subsidiaries. "We agree in principle that BI gives the shares to the government. The mechanism will be discussed as soon as possible," he said.

State SOE Minister Mustafa Abubakar, who also attended the hearing, said that the handing over would make the government the sole owner of Askrindo and BPUI.

BI is also currently awaiting completion of a liquidation process for its subsidiary, NV Indover Bank, based in the Netherlands, declared bankrupt by an Amsterdam Court in December 2008 following historical financing problems accentuated by the global financial crisis. (bbs)