INDONESIA - BANKING - BI Delays Approval For DBS Acquisition

www.thejakartaglobe.com - Bank Indonesia will not approve DBS Group Holdings’ $7.3 billion
acquisition of local lender Bank Danamon Indonesia until it clarifies
foreign-ownership rules for Indonesian banks, the central bank head said
on Friday. Bank Indonesia will issue new bank ownership rules
by the end of May before evaluating DBS’s planned takeover, BI Governor
Darmin Nasution said. The