"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.) -

“ … 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.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

The headquarters of the Corruption Eradication Commission (KPK) in 
Jakarta. (BeritaSatu Photo)
"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, May 24, 2012

Indonesia Set to Cap Bank Owners’ Stakes: Sources

Jakarta Globe, Reuters, Rachel Armstrong and Janeman Latul, May 24, 2012

DBS wants to expand in Indonesia, and Bank Danamon
might be the way to do it. (Reuters Photo)
Related articles

Singapore/Jakarta. Indonesia’s central bank is set to limit the maximum stake a single shareholder can take in the country’s banks to below 50 percent, a move that could scupper Singapore-based DBS Group’s $7.3 billion bid for Bank Danamon.

DBS’s acquisition plans were thrown into limbo late last month when the Indonesian central bank said it would not approve the deal until it had published a long-awaited set of rules on bank ownership. Bank Indonesia did not disclose details of the rules at the time.

According to sources with direct knowledge of the plan, Bank Indonesia is expected to reduce the single-shareholder threshold from the current 99 percent to a level below 50 percent. That would likely ruin DBS’s plan to buy the 67.4 percent stake held by Singapore state investor Temasek Holdings in Indonesia’s Danamon, unless it negotiates an exemption.

The central bank is also expected to set out differing ownership rules depending on whether the shareholder is another financial institution, a non-financial institution or a family. Family shareholdings are expected to be given the lowest threshold, but all are expected to be under 50 percent. 

Those rules could also force several other large shareholders to sell down their stakes in Indonesian banks, including the Hartono family which holds a 47.6 percent stake in Bank Central Asia.

“There is some concern about local banks being taken over by foreigners, but that’s not the only concern that Bank Indonesia has. BI wants to change the rules so that shareholders can act as a check and balance against each other,” said Bono Daru-Adji, a partner at Assegaf Hamzah and Partners law firm in Jakarta.     

Bank Indonesia believes banning majority shareholders will prevent a controlling owner from abusing a bank’s operations for their own financial gain. 

Parallels in Southeast Asia

Restrictions on bank ownership already exist in other Southeast Asian nations. Malaysia caps foreign ownership of local banks at 30 percent. And in Singapore no single investor can own an interest of 5 percent or more of the voting shares of a domestic bank without the approval of the finance minister.

The Indonesian central bank has been mulling these rules for two years, but DBS’s swoop on Danamon is likely to have pushed it to finally get the rules in place.  One source said the planned new ownership thresholds suggest “on a government-to-government level there is a stand-off between Singapore and Indonesia.”

The rules are expected to be announced in June with the central bank’s board of governors set to hold a meeting on them next week.  They are expected to apply to domestic and foreign investors, although government-owned banks are unlikely to be affected. 

What has added to the confusion over the DBS-Danamon deal is that DBS is yet to publish a formal acquisition plan in the Indonesian press, a step required by law in order for such a deal to go ahead.

“It’s fair for BI to say they don’t know there is an acquisition of Danamon by DBS because currently there hasn’t been any acquisition plan announced in the newspaper yet as required by BI regulation and Indonesian company laws,” Assegaf Hamzah’s Adji said.

When this matter was raised during a regulation conference in Singapore last week, DBS’s corporate secretary, Linda Hoon, said the plan is in the process of being drawn up and that the lender has taken extensive legal advice on the matter. However, she added at the event that there are concerns new regulation could prove an obstacle.

“The bank is still concerned about changes that could come from BI and Bapepam (the capital markets regulator),” she said.  

A spokeswoman for DBS said the bank is still awaiting BI’s formal announcement on the new rules. 

Wider Impact

Danamon shares soared more than 50 percent when the DBS deal was first announced, but its shares have fallen 16 percent from that peak given the ongoing uncertainty. Were DBS to abandon its acquisition plans, Temasek would still be forced to eventually sell down its stake in Danamon in order to comply with the new rules. 

Worries about the new rules, though, stretch beyond DBS and Danamon. New regulation is not expected to affect state-controlled lenders such as Bank Mandiri, but a score of banks, which already have foreign controlling shareholders, could see enforced divestment.  This would include CIMB Niaga, controlled by Malaysia’s CIMB Group, and Bank Internasional Indonesia which is controlled by Malayan Banking Berhad (Maybank) . 

That would fuel concerns that Indonesia is becoming increasingly hostile to foreign investment, given recent proposals that limit foreign ownership in mining companies to 49 percent.  Bank Indonesia deputy governor Muliaman D. Hadad told reporters on Wednesday that the bank is aware of the concerns.

“We have heard some concerns, we pay attention to those, though we cannot disclose yet what it’s going to be. We have calculated, there will be a long time for adjustment,” he said.

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