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Bank Negara Indonesia’s role as the circulation and central bank was duly terminated in 1949 following the government’s appointment of the former Dutch-controlled bank, De Javasche Bank, as Indonesia’s Central Bank. The Bank, subsequently designated as a development bank, was later granted the rights to provide foreign reserve services that allowed it access to direct [...]

PT XL Axiata Tbk (formerly PT Excelcomindo Pratama Tbk), also known as XL, is an Indonesia-based mobile telecommunications services operator. The operator’s coverage includes Java, Bali and Lombok as well as the principal cities in and around Sumatra, Kalimantan and Sulawesi. XL offers data communication, broadband Internet, mobile communication and 3G services over GSM 900, [...]