Word: indonesia
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Dates: during 2000-2009
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...month London Interbank Offer Rate (or LIBOR, the benchmark for U.S. dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide gap between the carrying costs of the two currencies is what is fueling the dollar-rupiah carry trade, analysts...
...Indonesia is currently home to more Muslims than any other country in the world—over 200 million—and Yudhoyono touted the nation as emblematic of the potential success of democratic governments in the region...
...Hong Kong alone. The bank is also continuing to expand in Asia. In China, where HSBC already has the largest branch network of any foreign bank, it is considering an initial public offering of stock on the Shanghai exchange. In May, HSBC completed its acquisition of Bank Ekonomi in Indonesia, almost doubling its number of outlets in that country...
...Indonesia...
Just weeks before moderate lawmakers take over Indonesia's conservative Aceh province, hard-line legislators have pushed through a number of Shari'a-inspired punishments--such as whippings for homosexuality, public lashings for pedophilia and rape, and death by stoning for adultery. Critics say the laws violate international treaties, but overturning them could prove difficult: while some officials voiced concerns, no one voted against the measures...