“ … 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.)

Monday, October 13, 2008

JP Morgan commits long term in Indonesia

The Jakarta Post, Jakarta 

The management of JP Morgan Asia-Pacific issued a statement Monday reaffirming its commitment to the development of its franchise in Indonesia, dispelling persistent market rumors that it is pulling out of the country. 

Gaby Abdelnour, chairman and chief executive officer of JP Morgan Asia-Pacific said Indonesia, where the company had been in operation for 80 years, was central to the company's expansion in Southeast Asia. 

"All financial markets are being challenged by the fallout from the global crisis. But JP Morgan is confident of Indonesia's long-term potential for economic and business growth," he said in the statement, made available to The Jakarta Post. 

"JP Morgan is one of the largest foreign investment banks in Indonesia and our strategy calls for further investment and expansion of the client base," he said. 

JP Morgan has been involved in a number of privatizations during the past 15 years. 

Last week, JP Morgan, as a local currency government bond primary dealer, was a net buyer of the instrument. Total purchases between Oct. 6 and Oct. 9 alone amounted to Rp 1.1 trillion (US$115 million). 

However, JP Morgan did not make any statements regarding its operation in the local equity market, which has seen massive sell-offs since last week. 

JPMorgan Chase & Co is one of the creditors of PT Bakrie & Brothers, which together with its other Bakrie units became the center of trading speculations last week following rumors that the company defaulted on its $1.2 billion debt. (rid)

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