Asset Bubble, Bank Rakyat Indonesia, & Satellite Business in Indonesia

Dengan nilai aset lebih dari Rp 1.000 trilyun, BRI menjadi bank terkaya di Indonesia, mengalahkan Bank Mandiri, sejak Nov. 2014

Pada awalnya Perseroan didirikan di Purwokerto, Jawa Tengah oleh Raden Aria Wirjaatmadja dengan nama De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofdeen atau Bank Bantuan dan Simpanan Milik Kaum Priyayi yang Berkebangsaan Indonesia (pribumi). Bank ini berdiri pada tanggal 16 Desember 1895, yang kemudian dijadikan sebagai hari kelahiran Bank BRI.

Pada periode setelah kemerdekaan RI, berdasarkan Peraturan Pemerintah No. 1 tahun 1946 Pasal 1 disebutkan bahwa Perseroan adalah Bank Pemerintah pertama di Republik Indonesia. Dengan adanya perang mempertahankan kemerdekaan pada tahun 1948, kegiatan Bank BRI sempat terhenti untuk sementara waktu dan baru mulai aktif kembali setelah perjanjian Renville pada tahun 1949 dengan berubah nama menjadi Bank Rakyat Indonesia Serikat.

Pada waktu itu, melalui PERPU No. 41 tahun 1960, dibentuk Bank Koperasi Tani dan Nelayan (BKTN) yang merupakan peleburan dari Bank BRI, Bank Tani Nelayan dan Nederlandsche Maatschappij (NHM). Kemudian berdasarkan Penetapan Presiden (Penpres) No. 9 tahun 1965, BKTN diintergrasikan ke dalam Bank Indonesia dengan nama Bank Indonesia Urusan Koperasi Tani dan Nelayan.

Setelah berjalan selama satu bulan, Pemerintah mengeluarkan Penetapan Presiden No. 17 Tahun 1965 tentang pembentukan bank tunggal dengan nama Bank Negara Indonesia. Dalam ketentuan baru itu, Bank Indonesia Urusan Koperasi, Tani dan Nelayan (dahulu BKTN) diintegrasikan dengan nama Bank Negara Indonesia Unit II bidang Rural, sedangkan NHM menjadi Bank Negara Indonesia Unit II bidang Ekspor Impor (Exim).

Berdasarkan Undang-undang No. 14 Tahun 1967 tentang Undang-undang Pokok Perbankan dan Undang-undang No. 13 Tahun 1968 tentang Undang-undang Bank Sentral, Bank Indonesia dikembalikan fungsinya sebagai Bank Sentral, dan Bank Negara Indonesia Unit II Bidang Rural dan Ekspor Impor dipisahkan masing-masing menjadi dua bank yaitu Bank Rakyat Indonesia dan Bank Ekspor Impor Indonesia.

Selanjutnya berdasarkan Undang-undang No. 21 tahun 1968, tugas-tugas pokok Perseroan sebagai Bank Umum ditetapkan kembali. Sejak disahkan berdasarkan Undang-undang No. 21 Tahun 1968 tanggal 18 Desember 1968, maka berdasarkan Pasal 45 Undang undang No. 14 Tahun 1967 tanggal 30 Desember 1967 tentang Perbankan jo. Pasal 55 Undang-undang No. 7 Tahun 1992 tanggal 25 Maret 1992 sebagaimana telah diubah dengan Undang-undang No. 10 Tahun 1998 tentang Perbankan, Perseroan dapat menjalankan kegiatan usahanya di bidang perbankan.

Berdasarkan Undang-undang Perbankan No. 7 Tahun 1992 dan Peraturan Pemerintah RI No. 21 Tahun 1992 status Perseroan berubah menjadi PT Bank Rakyat Indonesia (Persero) dan 100% sahamnya masih dimiliki oleh Negara Republik Indonesia.

Perubahan Perseroan menjadi PT Bank Rakyat Indonesia (Persero) tersebut dituangkan dalam Akta Pendirian No. 133 tanggal 31 Juli 1992, yang dibuat dihadapan Muhani Salim, S.H., Notaris di Jakarta, yang telah mendapat pengesahan Menteri Hukum dan Hak Asasi Manusia (dahulu Menteri Kehakiman) berdasarkan Surat Keputusan No. C2-6584.HT.01.01.TH.92 tanggal 12 Agustus 1992, dan telah didaftarkan dalam buku register pada Kantor Pengadilan Negeri Jakarta Pusat dibawah No. 2155/1992 pada tanggal 15 Agustus 1992, serta telah diumumkan dalam Berita Negara Republik Indonesia No. 73 tanggal 11 September 1992, Tambahan No. 3A.

Akta pendirian yang di dalamnya memuat anggaran dasar telah mengalami beberapa kali perubahan. Perubahan anggaran dasar untuk disesuaikan dengan Undang-undang No. 40 Tahun 2007 tentang Perseroan Terbatas dan Peraturan BAPEPAM dan LK No. IX.J.1 tanggal 14 Mei 2008 tentang Pokok-Pokok Anggaran Dasar Emiten Yang Melakukan Penawaran Umum Efek Bersifat Ekuitas Dan Perusahaan Publik dimuat dalam Akta Pernyataan Keputusan Rapat Umum Pemegang Saham No. 51 tanggal 26 Mei 2008 dibuat dihadapan Fathiah Helmi, S.H., Notaris di Jakarta, yang telah mendapat persetujuan Menteri Hukum Dan Hak Asasi Manusia berdasarkan Surat Keputusan No. AHU-48353.AH.01.02.Tahun 2008 tanggal 6 Agustus 2008, dan telah diumumkan dalam Berita Negara Republik Indonesia No. 68 tanggal 25 Agustus 2009, Tambahan No. 23079.

Setelah Akta No. 51 tanggal 26 Mei 2008 tersebut, anggaran dasar Perseroan telah mengalami beberapa kali perubahan. Perubahan terakhir adalah berdasarkan Akta No. 1 tanggal 1 April 2015 dibuat dihadapan Fathiah Helmi, S.H., yang pemberitahuan perubahannya telah diterima dan dicatat dalam database Sistem Administrasi Badan Hukum Kementerian Hukum Dan Hak Asasi Manusia berdasarkan Surat No. AHU-AH.01.03-0054353 tanggal 8 April 2015.

Per 31 Desember 2016, Perseroan memiliki 1 kantor pusat, 19 kantor wilayah, 467 kantor cabang (termasuk 4 unit kerja luar negeri), 609 kantor cabang pembantu, 984 kantor kas, 3.180 Teras dan Teras Keliling BRI dan 5.380 BRI Unit serta 3 Teras Kapal yang tersebar di seluruh Indonesia.


Cover #3


Cover #2: https://s6.postimg.org/bp8azkbz5/bri_satellite_business_in_indonesia.jpg


Contents i
List of Tables vii
List of Figures xi

Some Background 1
The Authentication and Authorisation 2
How this report proceeds and gets distinguished 4

Asset Bubble 5
Excessive Liquidity 7
Excessive Liquidity: The Aftermath 9
The Liquidity Effect 11
The Limit of Excessive Debts 13

Inflation Management in Indonesia 15
Market Liquidity in Indonesia 17
Playing with Interest Rates 19
The Money Markets in Indonesia 21

What To Do with Assets Bubbled? 23
The volatile sterling against the dollar and euro 25
The Special Drawing Rights 27
Yuan Internationalisation 29

How Soros broke the Bank of England 31
The Exchange Rate Mechanism 33
Blaming the Bundesbank 35
The German’s Hyperinflation Experience 38
Thanking the Bundesbank 39
The Gold Standard and Bretton Woods System 41
The Inflation Targeting: The Germany Experience 42
The Inflation Targeting: The UK Experience 44

The LIBOR Fixing 46
The LIBOR Scandal 49
The Magnitude of LIBOR Scandal 53
The Price of High Fines 56
Hundreds of trillions USD derivatives was exchanged daily 58

Central Banks: The Initiator and Keeper of Widespreading Asset Bubble Phenomena 60
How to Detect and Spot Asset Bubble 63
Asset Bubble aka Accounting Frauds: The Causalities 65
Asset Bubble aka Accounting Frauds: The Red Flags 66
The Asset Bubble of Wells Fargo 69

Shrinking the Asset Bubble 73
The Demand 75
The Demand: To weaken, to stimulate, or to create 77
The Price 79

BRI’s financial profile in briefs 81

BRI’s Financial Highlights 83
Cash Flow 86
Income Statement 87
Balance Sheet 88

Risk Management Policy 90

Dividend Policy 91

Maturity Profile 92
Maturity of Fund Borrowings 95
Maturity of Loans 96

Loan Profile 97
Credit Risk Exposure 103

Liability Profile 105
Financial Structure 106
Third Party Funds Profile 108
Bonds Issued 111

Financial Performance 112
The Total Assets 112
Earning Assets 112
Third Party’s Funds 113
Loans 113
Equity 114

Profit Making 115
Revenues 115
Operating Profit, Net 115
Earnings Before Tax 116
Earnings After Tax 116
Retained Earnings 117

Profit Profile 119

Stock Performance 121
Market Capitalisation 122
Share Price 122
Stock Trading 123
Investors’ Preferences 125

Financial Ratios 126
Stock price ratios 126
Liquidity 128
Profitability 130

The Shareholders 134

Subsidiaries 139
BRI Syariah 139
BRI Agro 140
BRI Remittance 141
BRI Life 142
BRI Finance 143

Associated Entities 144

Transactions with Related Companies 145

The Analysts 151

Corporate Profile 152
Milestones 154
e-channels 155
Branch and Regional Offices 155
Head Office 155
Special Branch Office 155
Overseas Branch Offices 155
Regional Offices 156
Office of Subsidiaries 157
Banking Divisions 158

Organisation Structure 160

Management Profile 161
Board of Commissioners 162
Andrinof Achir Chaniago 167
(Mustafa Abubakar) 167
Gatot Trihargo 168
Ahmad Fuad Rahmany 168
(Ahmad Fuad) 169
Nicolaus Teguh Budi Harjanto 170
Adhyaksa Dault 170
A. Sonny Keraf 171
Vincentius Sonny Loho 171
Jeffry Jefta Wurangian 172
Mahmud 172

Secretary to the Board of Commissioners 174

Committees of BoC 175
Nomination and Remuneration Committee (NRC) 175
Audit Committee 175
Risk Management Monitoring Committee (RMOC) 177
Integrated Governance Committee (KTKT) 178

Board of Directors 181
Suprajarto 186
(Asmawi Syam) 186
Sunarso 186
Donsuwan Simatupang 187
Haru Koesmahargyo 187
Kuswiyoto 188
Mohammad Irfan 188
Priyastomo 188
Randi Anto 189
Sis Apik Wijayanto 189
Susy Liestiowaty 190
Indra Utoyo 190
(Zulhelfi Abidin) 190

Senior Executive Vice President (SEVP) Profiles 192
Irianto Sunardi 192
Adi Setyanto and Bardiyono Wiyatmojo 192
(Saptono Siwi) 192
Hexana Tri Sasongko 193
Supari 193
Agus Noorsanto 193

Corporate Secretary 194

Investor Relations 194

Senior Executive Profiles 195
Head, IT Planning & Development Division 195
Head, Investment Service Division 195
Head, Risk Management Division 195
Head, Corporate Development & Strategy Division 195
Head, Outsourcing Management Division 195
Head, International Business Division 195
Head, Micro Business Development 2 195
Head, Micro Business Policy & Strategy Division 195
Head, Fixed Assets Management Property 195
Head, Credit Risk & Analysis Division 195
Head, SOE Business 1 Division 195
Head, Treasury Division 196
Head, Procurement Division 196
Head, Transaction Banking Division 196
Head, SOE Business 2 Division 196
Head, Finance & Accounting Management Division 196
Head, Digital Banking Operation Division 196
Head, Institutional Banking 2 Division 196
Head, Loan Program & Partnership Division 196
Head, General Business Division 196
Head, Agribusiness Division 196
Head, Consumer Loan Division 196
Head, SME & Medium Business Division 196
Head, Institutional Banking 1 Division 197
Head, Wealth Management Division 197
Head, Restructuring & Recovery Credit Division 197
Head, Human Capital Services Division 197
Head, Operation Center Division 197
Head, Corporate Secretary Division 197
Head, Credit Card Division 197
Head, Service & Contact Center Division 197
Head, Marketing Communication Division 197
Head, Satellite & Terrestrial Division 197
Chief Learning Officer, BRI Corporate University 197
Head, Human Capital Policy & Development Division 197

Head of Regional Offices 198
Head, Jakarta 3 Regional Office 198
Head, Jakarta 1 Regional Office 198
Head, Malang Regional Office 198
Head, Bandar Lampung Regional Office 198
Head, Palembang Regional Office 198
Head, Surabaya Regional Office 198
Head, Pekanbaru Regional Office 198
Head, Jakarta 2 Regional Office 198
Head, Jayapura Regional Office 198
Head, Aceh Regional Office 198
Head, Semarang Regional Office 198
Head, Medan Regional Office 198
Head, Yogyakarta Regional Office 198
Head, Denpasar Regional Office 199
Head, Padang Regional Office 199
Head, Manado Regional Office 199
Head, Bandung Regional Office 199
Head, Banjarmasin Regional Office 199
Head, Makassar Regional Office 199

Head, Special Branch Office 200

Head of Inspection Offices 200
Inspector, Malang Regional Office 200
Inspector, Bandar Lampung Regional Office 200
Inspector, Palembang Regional Office 200
Inspector, Surabaya Regional Office 200
Inspector, Manado Regional Office 200
Regional Audit of KP, KCK, UKLN & PA Regional Office 200
Inspector, Aceh Regional Office 200
Inspector, Semarang Regional Office 200
Inspector, Medan Regional Office 200
Inspector, Pekanbaru Regional Office 200
Inspector, Makassar Regional Office 200
Inspector, Yogyakarta Regional Office 201
Inspector, Denpasar Regional Office 201
Inspector, Jakarta 3 Regional Office 201
Inspector, Jakarta 2 Regional Office 201
Inspector, Banjarmasin Regional Office 201
Inspector, Bandung Regional Office 201
Inspector, Padang Regional Office 201

Satellite Business in Indonesia 202

Satellite Capability 202

Satellite Users 203
Revenue Generators in Satellite Services Business 205
Revenue Generation in Satellite Navigation Services Business 207
Revenue Generation in Optical Data Services 209

Satellite Business Value 210

Satellites in Orbit 214
The Crowded Space Junk 215
Telkom 3 Satellite 216
The Proton-M Briz-M satellite launcher 218
The Crowded Satellites in the Sky 220
Typical Satellite Orbits 226

Typical Satellite Networks 230
Advantages of HTS System 232
Frequency Band Allocated for Satellite Services 233

Indonesian Satellite Operators 236
BRIsat 238
Palapa Satellites 240

Providers of Satellite Services in Broadcasting and Tekecommunications 242

Foreign Satellite Operators on Indonesian Sky with its client list 247

References 253
Additional Readings 256
Suggested Readings 257
Readings on Satellites 258

Index 259

List of Tables

Table 1 – Assets of 4 SOE’s banks and BCA, April 2017 1
Table 2 – Inflation in Indonesia: Target vs Realised, 2001-2018 15
Table 3 – The IMF’s SDR currency basket composition, 1969-2016 27
Table 4 – The weights of the 5 currencies in the new SDR basket, effective 20161001 28
Table 5 – CFETS currency basket and weight, 20170101 29
Table 6 – The currency basket of ECU and euro, 1979-1998 31
Table 7 – USD contributor panel banks in LIBOR, September 2017 47
Table 8 – Name of companies involved in EIRD and YIRD cartels 53
Table 9 – The list of banks fined by the European Commission due to practising cartels in interest rate derivatives of euro and yen (EIRD & YIRD) 54
Table 10 – FCA Benchmark Fines on LIBOR Fixing Scandal 54
Table 11 – Progress reports on WFC settlements of claims, June 2016 – August 2017 71
Table 12 – Financial profile of Bank Rakyat Indonesia by geographicals, 2015-2016 (Rp mn) 81
Table 13 – Financial profile of Bank Rakyat Indonesia by client types/segments, 2015-2016 (Rp mn) 82
Table 14 – BRI’s financial highlights, Dec. 2008 – Dec. 2013 (Million Rp except Par Value) 83
Table 15 – BRI’s financial highlights, 2012-2016 (Rp bn) 85
Table 16 – Bank Rakyat Indonesia: Cash flow, December 2012 – December 2016 (IDR mn) 86
Table 17 – Bank Rakyat Indonesia: Income statement, December 2012 – December 2016 (IDR mn) 87
Table 18 – Bank Rakyat Indonesia: Balance sheet, December 2012 – December 2016 (IDR mn) 88
Table 19 – Fair value of financial assets and liabilities of Bank Rakyat Indonesia, 2015-2016 (Rp mn) 89
Table 20 – Maturity profile of financial assets and liabilities of Bank Rakyat Indonesia, 2015-2016 (Rp mn) 93
Table 21 – Fund borrowings profile of Bank Rakyat Indonesia based on maturity and currency, 2015-2016 95
Table 22 – Loan profile of Bank Rakyat Indonesia by maturity, currency, and parties involved, 2015-2016 (Rp mn) 96
Table 23 – Loan profile of Bank Rakyat Indonesia by client segment, currency, and parties involved, 2015-2016 (Rp mn) 97
Table 24 – Loan profile of Bank Rakyat Indonesia by economic sectors, currency, and parties involved, 2015-2016 (Rp mn) 98
Table 25 – Loan profile of Bank Rakyat Indonesia by loan type, currency, and parties involved, 2015-2016 (Rp mn) 99
Table 26 – Loan profile of Bank Rakyat Indonesia by currency, 2015-2016 (Rp mn) 100
Table 27 – Net Open Positions of Bank Rakyat Indonesia, 2015-2016 (Rp mn) 101
Table 28 – Loan provided by BRI to SOEs, 2015-2016 102
Table 29 – Credit risk exposure of Bank Rakyat Indonesia by regions, 2015-2016 (Rp mn) 103
Table 30 – Credit risk exposure of Bank Rakyat Indonesia by economic sectors, 2015-2016 (Rp mn) 104
Table 31 – Liability structure of Bank Rakyat Indonesia, 2012-2017q2 (Rp mn) 105
Table 32 – Financial structure of Bank Rakyat Indonesia, December 2007 – December 2016 106
Table 33 – Financial structure of Bank Rakyat Indonesia, 2012-2017q2 (%) 107
Table 34 – Third-party funds structure in Bank Rakyat Indonesia, 2012-2017q2 (Rp mn) 108
Table 35 – Profile of fund borrowings in US dollar of Bank Rakyat Indonesia based on loan types and lenders, 2016 (US$ mn) 109
Table 36 – The profile of bonds issued by Bank Rakyat Indonesia, 2003-2016 111
Table 37 – The highest peak and lowest trough points of the assets of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 112
Table 38 – The highest peak and lowest trough points of productive assets of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 113
Table 39 – The highest peak and lowest trough points of third parties funds of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 113
Table 40 – The highest peak and lowest trough points of loans of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 114
Table 41 – The highest peak and lowest trough points of equity of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 114
Table 42 – The highest peak and lowest trough points of revenues of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 115
Table 43 – The highest peak and lowest trough points of net operating profit of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 116
Table 44 – The highest peak and lowest trough points of earnings before tax (EBT) of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 116
Table 45 – The highest peak and lowest trough points of earnings after tax (EAT) of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 117
Table 46 – The highest peak and lowest trough points of retained earnings of Bank Rakyat Indonesia, January 2002 – April 2017 (monthly figures) 117
Table 47 – Equity structure of Bank Rakyat Indonesia, 2012-2017q2 (Rp mn) 119
Table 48 – Earnings structure and building blocks of Bank Rakyat Indonesia, 2012-2017q2 120
Table 49 – BRI’s stock performance, 2006 – Jan. 2014 121
Table 50 – The highest peak and lowest trough points of market capitalitasion of share of Bank Rakyat Indonesia, 10 November 2003 – 18 July 2017: Daily value and change 122
Table 51 – The highest peak and lowest trough points of close price of share of Bank Rakyat Indonesia, adjusted afer split & dividends, 10 November 2003 – 18 July 2017: Daily value and change 122
Table 52 – The highest peak and lowest trough points of close price of share of Bank Rakyat Indonesia, adjusted afer split, 10 November 2003 – 18 July 2017: Daily value and change 123
Table 53 – The highest peak and lowest trough points of trading volume of share of Bank Rakyat Indonesia, 17 November 2003 – 18 July 2017: Daily value and change 123
Table 54 – The highest peak and lowest trough points of trading value of share of Bank Rakyat Indonesia, 10 November 2003 – 18 July 2017: Daily value and change 124
Table 55 – The largest figures in stock trading volume, value, and their daily changes, 20031110-20170718 124
Table 56 – Investors’ preferences on the shares of Bank Rakyat Indonesia, 20170630 125
Table 57 – Financial ratios of Bank Rakyat Indonesia, 2012-2016 126
Table 58 – Share valuation of Bank Rakyat Indonesia: Current and Forward, 20170731 126
Table 59 – Price ratios of shares of Bank Rakyat Indonesia, compared with S&P 500, 2007-2016 127
Table 60 – Liquidity ratio of Bank Rakyat Indonesia, December 2007 – December 2016 128
Table 61 – Cash flow ratios of Bank Rakyat Indonesia, December 2007 – December 2016 129
Table 62 – Profitability of Bank Rakyat Indonesia, December 2007 – December 2016 130
Table 63 – Profit margin profile of Bank Rakyat Indonesia, December 2007 – December 2016 131
Table 64 – Revenue profile of Bank Rakyat Indonesia, December 2007 – December 2016 (Rp mn) 132
Table 65 – Revenue sustainability of Bank Rakyat Indonesia, December 2007 – December 2016 133
Table 66 – Typical shareholders of Bank Rakyat Indonesia, 2015-2016 134
Table 67 – Institutional shareholders of Bank Rakyat Indonesia, 20161230-20170630 136
Table 68 – Institutional investors’ ownership on equity in Bank Rakyat Indonesia, 20170731 137
Table 69 – Funds’ ownership on equity in Bank Rakyat Indonesia, 20170731 138
Table 70 – BRI’s subsidiaries, 20161231 139
Table 71 – The acquisition cost of BRI’s subsidiaries, 2015-2016 139
Table 72 – The milestones of BRI Syariah 139
Table 73 – Some financial figures of BRI Syariah, 2015-2016 139
Table 74 – The milestones of BRI Agro 140
Table 75 – Some financial figures of BRI Agro, 2015-2016 141
Table 76 – The milestones of BRI Remittance 141
Table 77 – Some financial figures of BRI Remittance, 2015-2016 142
Table 78 – The milestones of BRI Life 142
Table 79 – Some financial figures of BRI Life, 2015-2016 142
Table 80 – The milestones of BRI Finance 143
Table 81 – Some financial figures of BRI Finance, 2015-2016 143
Table 82 – The investments of Bank Rakyat Indonesia (associated companies) by cost method, 2014-2016 144
Table 83 – Transactions of Bank Rakyat Indonesia with related parties by transaction types, 2015-2016 145
Table 84 – BRI’s non-financial investments, 2016 145
Table 85 – Material commitments of Bank Rakyat Indonesia on capital expenditures, 2015-2016 146
Table 86 – Typical transactions between Bank Rakyat Indonesia with affiliated parties 146
Table 87 – Transactions of Bank Rakyat Indonesia with related parties by institutions’ name and transaction types, 2015-2016 148
Table 88 – The registered analysts of Bank Rakyat Indonesia, 2016 151
Table 89 – The e-channels of Bank Rakyat Indonesia, 2012-2016 155
Table 90 – The typical offices of Bank Rakyat Indonesia, 2012-2016 155
Table 91 – The typical offices of Bank Rakyat Indonesia by province, 2016 156
Table 92 – Concurrent positions of Commissioners of Bank Rakyat Indonesia, 20161231 162
Table 93 – The commissioners of Bank Rakyat Indonesia: Supervised region and Committees Membership, 20161231 163
Table 94 – The commissioners of Bank Rakyat Indonesia: Risk Management Certification, 20161231 164
Table 95 – The commissioners of Bank Rakyat Indonesia: Overseas Education, Training, and Conferences, 2016 165
Table 96 – The commissioners of Bank Rakyat Indonesia: Domestic Education, Training, and Conferences, 2016 166
Table 97 – The Board of Directors of Bank Rakyat Indonesia, 2015-2017 181
Table 98 – Area supervised by commissioners and directors of Bank Rakyat Indonesia, 20161231 182
Table 99 – The directors of Bank Rakyat Indonesia: Risk Management Certification, 20161231 183
Table 100 – The directors of Bank Rakyat Indonesia: Competency development program, 2016 184
Table 101 – Job distribution of Directors and SEVPs of Bank Rakyat Indonesia within Directors’ Committees, 20161231 185
Table 102 – World’s satellite services revenue by 4 market segments, 2006-2011 (US$ bn) 205
Table 103 – Satellite services revenue generation, 2012-2016 (US$ bn) 213
Table 104 – List of sub-bands of FSS and BSS spectrum 233
Table 105 – Frequency band allocated for satellite services 234
Table 106 –Indonesian Satellites Filing in ITU, 2016 236
Table 107 – Profile of Indonesian Satellites 237
Table 108 – The list of companies providing satellite services in broadcasting and telecommunications & satellites leased, 20161231 242
Table 109 –The list of foreign satellites orbitting and operating on Indonesian sky, 20161231 247

List of Figures

Figure 1 – Monetary operation of Bank Indonesia and monetary instruments in Indonesia 11
Figure 2 – Monetary operation of Bank Indonesia and monetary instruments 11
Figure 3 – Inflation targetting framework by macroeconomic indicators in Indonesia 13
Figure 4 – Inflation targetting framework by institutions responsible and in charge in Indonesia 15
Figure 5 – Monthly inflation rates in Indonesia, January 2003-August 2017 16
Figure 6 – Monthly value of monetary operation in conventional banking in Indonesia, Jan.2010-Aug.2017 (Rp bn) 17
Figure 7 – Monetary operation in islamic banking industry in Indonesia, Jan. 2010-August 2017 (% of total) 17
Figure 8 – BI Rate, July 2005 – July 2016 19
Figure 9 – BI 7-Day rate, April 2016 – August 2017 19
Figure 10 – BI Rate (July 2005 – July 2016) and BI 7-Day rate (April 2016 – August 2017) 19
Figure 11 – The transaction value of Indonesian money market, January 2010 – August 2017 21
Figure 12 – JISDOR (Jakarta Interbank Spot Dollar Rate), 20130520-20170908 (US$/IDR) 21
Figure 13 – US$/IDR buying price and its spread with the selling price of Bank Indonesia, 20070102-20170908 22
Figure 14 – FTSE All-Share index, 19990409-20170911 23
Figure 15 – FTSE 100 index, 19840413-20170911 23
Figure 16 – GBP/USD, 19710104-20170901 25
Figure 17 – GBP/EUR, 19860508-20170911 25
Figure 18 – GBP/USD, 19880304-20170911 25
Figure 19 – RMB/USD, 19810101-20170912 29
Figure 20 – ERM weighted mean and German inflation rates, 1971-1993 33
Figure 21 – ERM weighted mean and German inflation rates, quarterly, 1971-1993 33
Figure 22 – Overnight and long-term interest rates in Germany, 1970-1997 35
Figure 23 – Overnight and long-term interest rates in the UK, 1980-1997 35
Figure 24 – GBP/DM and UK base rates, 1992 35
Figure 25 – GBP/DM, 1990-2005 35
Figure 26 – The inflation in the UK, 1270-1991 39
Figure 27 – Inflation targeting, unemployment, and economic growth in Germany, 1970-1997 40
Figure 28 – Inflation targeting, unemployment, and economic growth in the UK, 1980-1997 40
Figure 29 – The US debts and its gold reserves, 1917-2012 41
Figure 30 – The US debts & its limit and gold price, 2000-20170317 41
Figure 31 – Inflation rates in Germany: Target vs Actual, 1970-1997 42
Figure 32 – Inflation rates in the UK: Target vs Actual, 1980-1997 42
Figure 33 – Inflation rates in Germany: Target and actual, 1970-1997 43
Figure 34 – GBP/USD, 1980-1997 43
Figure 35 – The UK Phillips correlation in the 20th century: Inter-war era, 1926-1935 44
Figure 36 – The UK Phillips correlation in the 20th century: Post-WW2 era, 1961-2004 44
Figure 37 – Monthly inflation rates in Germany, 199201-201707 45
Figure 38 – Monthly inflation rates in the UK, 198901-201708 45
Figure 39 – Calculating LIBOR 46
Figure 40 – The spread between 3-month LIBOR with 3-month eurodollar deposit rate, 2007-April 2008 50
Figure 41 – The spread between 3-month LIBOR with 3-month T-bill, 2007-April 2008 50
Figure 42 – The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 50
Figure 43 – CITI: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 44 – HBOS: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 45 – JP Morgan: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 46 – RBOC: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 47 – UBS: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 48 – West LB: The gap between 3-month LIBOR with 3-month T-bill, April 2007 – May 2008 51
Figure 49 – Penalties paid by banks and region, 2009-2016 56
Figure 50 – Exchange-traded derivatives by currency, daily turnover, and regions, Sept. 2008 – June 2017 58
Figure 51 – Global OTC derivatives markets by notional principal, market value, and credit exposure, June 2009 – Dec 2016 58
Figure 52 – OTC FX derivatives by currency, maturity, and counterparty, June 2009 – Dec 2016 59
Figure 53 – OTC interest rate derivatives by currency, maturity, and counterparty, June 2009 – Dec 2016 59
Figure 54 – OTC equity-linked derivatives by country, maturity, and counterparty, June 2009 – Dec 2016 59
Figure 55 – The Fed’s assets, Jan. 2007 – Sept. 2017 60
Figure 56 – The outstanding commercial & industrial loans in the US, Jan. 2007 – Sept. 2017 60
Figure 57 – The balance sheets of 5 central banks and when compared with their own GDP, 2007-2017 61
Figure 58 – S&P 500 Composite Index, Jan.2007–Sept.2017 61
Figure 59 – Emerging markets & corporate bonds, Jan.2007–Sept.2017 61
Figure 60 – Wells Fargo cross-sell ratio, 1998–2016q2 69
Figure 61 – Federal Funds interest rate target, 2003 – Sept. 2017 73
Figure 62 – The total assets of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 112
Figure 63 – The earning assets of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 112
Figure 64 – The third parties funds of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 113
Figure 65 – Loans of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 113
Figure 66 – The equity of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 114
Figure 67 – The revenues of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 115
Figure 68 – The net operating profit of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 115
Figure 69 – The earnings before tax (EBT) of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 116
Figure 70 – The earnings after tax (EAT) of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 116
Figure 71 – The retained earnings of Bank Rakyat Indonesia, January 2002 – April 2017: Value and Growth (monthly figures) 117
Figure 72 – The market capitalisation of share of Bank Rakyat Indonesia, 10 November 2003 – 18 July 2017: Daily Value and Change 122
Figure 73 – The close price of share of Bank Rakyat Indonesia, 10 November 2003 – 18 July 2017: Daily Value and Change 122
Figure 74 – The stock trading volume of Bank Rakyat Indonesia, 17 November 2003 – 18 July 2017: Daily Value and Change 123
Figure 75 – The stock trading value of Bank Rakyat Indonesia, 10 November 2003 – 18 July 2017: Daily Value and Change 123
Figure 76 – Investors’ preferences and trends on the share of Bank Rakyat Indonesia, 20170630 125
Figure 77 – The organisation structure of Bank Rakyat Indonesia, 20161231 160
Figure 78 – Satellite capabilities, May 2012 202
Figure 79 – Satellites launched by functioning applications, 2006-2015 203
Figure 80 – Satellites launched by economic actors, 2006-2015 204
Figure 81 – Satellites launched by regional operators, 2006-2015 204
Figure 82 – World’s satellite services revenue by 4 market segments, 2006-2011 (US$ bn) 205
Figure 83 – Satellite operators wholesale revenue, 2005-2011 205
Figure 84 – Fized Satellite Services (FSS) wholesale revenues by region, 2015. 206
Figure 85 – Mobile Satellite Services (MSS) wholesale revenues by region, 2015. 206
Figure 86 – Global Satellite Ground Equipment Revenues, 2012-2017 207
Figure 87 – Global Navigation Satellite System (GNSS) market size, 2006-2015 208
Figure 88 – Global Navigation Satellite System (GNSS) Revenues by sat apps, 2015 208
Figure 89 – Satellite data pricing system in Global Navigation Satellite System (GNSS) 209
Figure 90 – Satellite data sales in Global Navigation Satellite System (GNSS) 210
Figure 91 – Satellite value chain, from upstream to downstream, 2016 210
Figure 92 – Revenue generation in global satellite industry by 4 market segments, 2016 211
Figure 93 – Operational satellites by functions, 2016 211
Figure 94 – The growth of revenue generation in global satellite industry, 2007-2016 212
Figure 95 – World satellite industry revenues by segment, 2001-2011 (US$ bn) 212
Figure 96 – Satellite services revenue generation, 2012-2016 213
Figure 97 – Orbits of satellites in 2D 214
Figure 98 – Orbits of satellites in 3D 214
Figure 99 – Operational satellites by orbit, May 2012 215
Figure 100 – Telkom 3 satellite position as of 20170826 104836 Jakarta time 216
Figure 101 – Telkom 3 satellite position as of 20170826 104752 Jakarta time 216
Figure 102 – The orbit of Telkom 3S satellite as of 20170826 104636 Jakarta time 217
Figure 103 – The orbit of Telkom 3 satellite as of 20170826 104614 Jakarta time 217
Figure 104 – The orbit of Telkom 2 satellite as of 20170826 104546 Jakarta time 217
Figure 105 – The orbit of Telkom 1 satellite as of 20170826 104520 Jakarta time 217
Figure 106 – Telkom 3 satellite position as of 20170826 125419, Jakarta time 218
Figure 107 – The initial plan of Proton-M/Breeze-M system trajectory in delivering Telkom 3 satellite 218
Figure 108 – The Proton-M/Breeze-M system trajectory with another angle 219
Figure 109 – Location of Breeze-M rocket body at likely breakup point 219
Figure 110 – Non-GEO, non-GSO satellites orbiting Indonesian sky, 20170826 144454, Jakarta time 220
Figure 111 – Geostationary communication (GEO) satellites that is in service, inclined, & planned 222
Figure 112 – The geostationary orbit (GEO) satellite belt by frequency band features 222
Figure 113 – The geostationary orbit (GEO) satellite belt by frequency band features (2nd version) 223
Figure 114 – The 419 geosynchronous (GSO) satellites mapped by Denton, 20151120 223
Figure 115 – Commercial communications satellites in geosynchronous orbit (GSO) & the drifting Palapa C2 224
Figure 116 – Commercial communication satellites in GSO & the 88 broadcasting services satellites (BSS) 224
Figure 117 – Commercial communications satellites in geosynchronous orbit (GSO) & the 67 Boeing satellites, 20120630 225
Figure 118 – SSL satellites in orbit 225
Figure 119 – Typical satellite orbits seen from above Earth’s North Pole: Van Allen Belts; Iridium, ISS, Hubble; MEO (Glonass, Compass, Galileo, GPS), GEO 226
Figure 120 – Typical satellite orbits: LEO, MEO, Ellipso & Molnya, Glonass, GPS, GSO (Clarke Belt), Van Allen Belts 227
Figure 121 – Typical satellite networks 230
Figure 122 – Network of fixed satellite services with Inter-Satellite Links (ISL) uncharted 230
Figure 123 – Network of mobils satellite services 231
Figure 124 – Network of broadcasting satellite services 231
Figure 125 – Larger benefits and controls for sat operator in HTS system 232
Figure 126 – Fixed Satellite Services with and without HTS compared 232
Figure 127 – Frequency band-(specturm) in satcoms 233
Figure 128 – Electromagnetic spectrum and the visible spectrum (light) 235
Figure 129 – The relationship between the different types of frequency and other wave properties 235
Figure 130 – Ariane 5: Typical flight events and standard trajectory for geostationary transfer orbit 239


References

Alioth LLC, UK inflation rate in 1992: 3.74%, http://bit.ly/2eWUxI9
Andrea Tan, Gavin Finch, and Liam Vaughan, RBS Instant Messages Show Libor Rates Skewed for Traders. Bloomberg, 20120926.
Ann C. Chalstrom, “Inflation in the European Community: A Study Before and After German Unification” Honors Projects. Paper 46. Illinois Wesleyan Univ. 1994. http://bit.ly/2fbXngh
Ashlyn Still and Jonathan Spicer, In shedding bonds, Fed aims for boring end to crisis-era measures, Reuters, 20170918, http://reut.rs/2ykZiDN
Ashlyn Still and Jonathan Spicer, The legacy of the QE era, 20170918, Reuters Graphics, Thomson Reuters Datastream, tmsnrt.rs/2jxgbbf, http://tmsnrt.rs/2xh1v4Q
Bates Research Group, LIBOR Explained: Understanding the LIBOR Scandal, 20130925.
Bundesbank, Inflation targeting, Deutsche Bundesbank – Service – I, 20170621, http://bit.ly/2wxi4pu
Bundesbank, Monetary targeting, Deutsche Bundesbank – Glossary, 20140701, http://bit.ly/2xHfhix
Bundesbank, Two-pillar strategy, Deutsche Bundesbank – Glossary, 20140701, http://bit.ly/2h9dDiG
Carrick Mollenkamp and Mark Whitehouse, Study Casts Doubt on Key Rate, WSJ, 20080529, http://bit.ly/2wgcubC
Carrick Mollenkamp, Bankers Cast Doubt On Key Rate Amid Crisis, WSJ, 20080416, http://bit.ly/2y2IvIG
Catalin Cimpanu, Google Ban Spells the End of Controversial Chinese HTTPS Provider, 20161103, http://bit.ly/2x8Wqbj
Catalin Cimpanu, Google Outlines SSL Apocalypse for Symantec Certificates, 20170729, http://bit.ly/2wdUXAq
Claire Suddath, “Why Did World War I Just End?”. Time World. Time. 20101004. http://ti.me/1B5jDHe
Connan Snider and Thomas Youle, Does the LIBOR reflect banks’ borrowing costs?, University of Minnesota, 20100402.
Craig R. Whitney, Blaming the Bundesbank, 19931017, http://nyti.ms/2x2XqB4
Daniel L. Thornton, The Relationship Between the Daily and Policy-Relevant Liquidity Effects, Federal Reserve Bank of St. Louis Review, Jan./Feb.2010, pp.73-88.
Daniel Schäfer, RBS settles row with ex-risk chief over final part of £1.9m bonus, FT, 20140103, http://bit.ly/2xtPZDU
David Chapman, Gold And U.S. Debt Limit: Intertwined?, investing.com, 20170319, http://bit.ly/2jAh1Ef
Douglas J. Keenan, My thwarted attempt to tell of Libor shenanigans, FT, 20120727.
Due, Brick and Mortar Business Failing? Here Are 4 Possible Reasons, 20170921, http://bit.ly/2xqJykf
Forensic Accounting Club, Detection of Fraudulent Financial Statement Schemes, forensicaccounting.club, 20160228, Last update: 20161122, http://bit.ly/2x6aLXG
Forensic Accounting Club, Financial Statement Fraud: Concealed Liabilities and Expenses, forensicaccounting.club, 20160228, Last update: 20161122, http://bit.ly/2xhCzsf
Forensic Accounting Club, Financial Statement Fraud: Fictitious Revenues, forensicaccounting.club, 20160228, http://bit.ly/2wvvMJE
Forensic Accounting Club, Financial Statement Fraud: Fictitious Revenues, 20160228, Last update: 20161122, http://bit.ly/2wvvMJE
Forensic Accounting Club, Financial Statement Fraud: Improper Asset Valuation, forensicaccounting.club, 20160228, updated: 20161122, http://bit.ly/2xpwo7v
Forensic Accounting Club, Financial Statement Fraud: Improper Disclosures, forensicaccounting.club, 20160228, Last update: 20161122, http://bit.ly/2xQoGnY
Forensic Accounting Club, Financial Statement Fraud: Timing Differences, forensicaccounting.club, 20160228, Last update: 20161122, http://bit.ly/2yqsgCz
Forensic Accounting Club, What Is Financial Statement Fraud?, forensicaccounting.club, 20160228, http://bit.ly/2ycWfgd
Frederic S. Mishkin and Adam S. Posen, Inflation Targeting: Lessons from Four Countries, Working Paper 6126, National Bureau of Economic Research, Cambridge, MA, August 1997.
Gerold Grasshoff, et al, Global Risk 2017: Staying the Course in Banking, Boston Consulting Group, March 2017.
Giancarlo Gandolfo: International Economics II: International Monetary Theory and Open-Economy Macroeconomics, Springer Verlag, Berlin: 1987, pp.380-393, 404-411.
Hermann Simon, Whole Foods Is Becoming Amazon’s Brick-and-Mortar Pricing Lab, HBR, 20170912, http://bit.ly/2woJrly
International Monetary Fund: Global Financial Stability Report: Financial Stress and Deleveraging Macrofinancial Implications and Policy, World economic and financial surveys, Oct. 2008.
J. Boughton, Silent Revolution: The IMF 1979-1989, 2001; in Ousmène Jacques Mandeng, Historic perspectives on the purposes of the SDR, London School of Economics and New Sparta Asset Management, 20150227, http://bit.ly/2y1Vmrv
Jacob Gyntelberg and Philip Wooldridge, Interbank rate fixings during the recent turmoil. Quarterly Review. Bank for International Settlements. March 2008.
Justin H. Mims, The Wells Fargo Scandal and Efforts to Reform Incentive-Based Compensation in Financial Institutions, NC Banking Inst. Vol.21, Issue 1, Article 21, 20170301.
Luca Benati, The inflation-targeting framework from an historical perspective, Monetary Assessment and Strategy Division, Bank of England Quarterly Bulletin: Summer 2005. pp.160-168.
MI5, Gathering Intelligence, The Security Service of GCHQ, http://bit.ly/2xKguFC
Michael Ovaska, Central bank balance sheets, 20170822, tmsnrt.rs/2inHILp
Michael Tanglis, The “King of Cross-Sell” and the Race to Eight, Public Citizen, Washington DC, 20160929.
Mike Terceiro, Low balling the LIBOR – the LIBOR rate-rigging scandal, CCH Australian Competition & Consumer Law Tracker, Issue 8, August 2012, http://bit.ly/2fuEWnd
Milton Friedman, “Factors Affecting the Level of Interest Rates,” in Proceedings of the 1968 Conference on Saving and Residential Financing. Chicago: United States Saving and Loan League, 1969, pp.11-27; in Thomas M. Havrilesky and John T. Boorman, eds., Current Issues in Monetary Theory and Policy. Arlington Heights, IL: AHM Publishing, 1976, pp.362-78.
Moniek Wolters, The 1992-1993 ERM Crisis, Erasmus Student, http://bit.ly/2neyxf3.
Neel Kashkari, President of Minneapolis Federal Reserve Bank of Minneapolis, Monetary Policy and Bubbles, 20170517, http://bit.ly/2f1e7mz
New York Southern District Court, Case No.1:15-cv-05844, Sonterra Capital Master Fund Ltd. et al v. UBS AG et al, Document 121, 20151218
Rahul Mittal, A History of Finance – Black Wednesday, 20120413, http://bit.ly/2x08OMl
Robert Parker, Why did the Bretton Woods system fail?, 20161126, http://bit.ly/2jyaWYT
Robin Leigh-Pemberton, the Governor of Bank of England; The case for price stability, Quarterly Bulletin, Bank of England, Nov. 1992, pp.441-448.
Rosa M Abrantes-Metz, Michael Kraten, Albert D Metz and Gim Seow, Libor Manipulation?, Social Science Research Network, August 2008, p.2, http://bit.ly/2huL3F7
Sando Sasako, Coal Business in Indonesia, Serabdi Sakti, Jakarta, March 2017, p.80. The original title of section is “Beating the Low Price Condition”. See the table of contents in this link http://bit.ly/2rnOO2K.
Sando Sasako, Krisis Finansil Cina: Perspektif Kebijakan Moneter, Corporate Finance (Analisa Laporan Keuangan), dan Investment Banking (Valuasi Nilai), Serabdi Sakti, Jakarta, March 2016. See the table of contents in this link http://bit.ly/2vMzUt0
Stephen Northcutt, Network Intrusion Detection: An Analyst’s Handbook, Ch.8, New Riders Publishing, 1999, 20170703, http://bit.ly/2xKJyfS
Steven Drobny, Inside the house of money: top hedge fund traders on profiting in the global markets, John Wiley & Sons, Inc., Hoboken, New Jersey, 2006.
The State Council of PRC, State Council issues guideline on overseas investment, 20170818, http://bit.ly/2vOVZny
Thomas M. Havrilesky and John T. Boorman, eds., Current Issues in Monetary Theory and Policy. Arlington Heights, IL: AHM Publishing, 1976, pp.362-78.
US Consumer Financial Protection Bureau (CFPB), In the matter of: Wells Fargo Bank, N.A., Consent Order, Administrative Proceeding, 2016-CFPB-0015, 20160908, at p. 5, 7, http://bit.ly/2dpnuyN.
Victoria Duff, Liquidity Effect in Economics, Chron, 20100820, Last Update 20161026, http://bit.ly/2h7N0e7
Wells Fargo, 1999 Annual Report, p.7, http://bit.ly/2ddwP9O.
Werner Antweiler, European Currency Unit (ECU): A Brief History of the ECU, the Predecessor of the Euro, The Pacific Exchange Rate Service, Sauder School of Business, University of British Columbia, Vancouver, Canada, 20110119. http://fx.sauder.ubc.ca/ECU.html
Yue Wang, Betting On Brick-And-Mortar: Alibaba’s Billion-Dollar Retail Experiment, Forbes, 20170827, http://bit.ly/2hj18Rz


Additional Readings

Andrew Beattie, The Greatest Currency Trades Ever Made, investopedia, 20080903, http://bit.ly/1dvS8A9
Ben Moshinsky, George Soros didn’t bet against the pound this time, Reuters, Business Insider US, 20160627, http://bit.ly/2f1Aaty
Chris Ratcliffe, RBS instant messages reveal traders skewed Libor, Bloomberg, Financial Post, 20120926, http://bit.ly/2jY6JOe
Guy Faulconbridge; George Soros did not bet against sterling just before Brexit vote: spokesman, Reuters, 20160627, http://reut.rs/2jwcMcB
Justin Kuepper, Black Wednesday: George Soros’ Bet Against Britain: How George Soros Broke the Bank of England, thebalance.com, 20170828, http://bit.ly/2xFEuKh
Marion Dakers, George Soros: I did not bet against the pound before Brexit , telegraph.co.uk, 20160627, http://bit.ly/29ekKQ3
Mehreen Khan, George Soros did not bet against the pound before Brexit, ft.com, 20160627, http://on.ft.com/2fpArai
Rohin Dhar, The Trade of the Century: When George Soros Broke the British Pound, priceonomics.com, 20140515, Last update: 20160617, http://bit.ly/2cOGL7P
Sebastian Mallaby, ‘Go for the Jugular’, theatlantic.com, 20100604, http://theatln.tc/2xpQLS0
Stephen Gandel, How George Soros Lost Money In a Bad Brexit Bet, Reuters, fortune.com, 20160627, http://for.tn/2xF2b5k
Steve Schaefer, How George Soros Broke The British Pound And Why Hedge Funds Probably Can’t Crack The Euro, Forbes Flashback, 20150707, http://bit.ly/2xoJeTN
Suzanne Plunkett, How emails nailed Barclays, Reuters, Financial Post, 20120628, http://bit.ly/2hv3Wre
Thomas Jaffe and Dyan Machan, How The Market Overwhelmed The Central Banks, Forbes, 19921109, http://bit.ly/2xoJeTN
Vince Veneziani, The Real Story Of How George Soros Shorted The Pound, Etching His Name Into Financial History Forever, businessinsider.com, 20100604, http://read.bi/2y4FDY7


Suggested Readings

Alberto Martin, Origins and macroeconomic implications of asset bubbles, Jaume Ventura, 20110216, http://bit.ly/2xFVb8v
Charles Hugh Smith, The War On Cash: Why Now?, mises.org, 20150729, http://bit.ly/1IKLOUO
Charles Hugh Smith, Will The Crazy Global Debt Bubble Ever End?, blogspot.com, seekingalpha.com, 20170528, http://bit.ly/2jwUFTL, http://bit.ly/2xp6Nvm
Forensic Accounting Club, Financial Statement Fraud Schemes, 20160228, Last update: 20161122, http://bit.ly/2x5rABZ
Forensic Accounting Club, Financial Statement Fraud, 20160228, Last update: 20161122, http://bit.ly/2faKxiu
Forensic Accounting Club, Fraud Detective Analysis of Financial Statements, 20160305, Last update: 20161122, http://bit.ly/2xppe33
Holly Black, Warning over ‘mother of all asset bubbles’, ftadviser.com, 20170605, http://bit.ly/2h9bAr5
Izabella Kaminska, Bitcoin’s surge fuels fears of asset bubble, afr.com, 20170515, http://bit.ly/2x3GX0o
Jacob J, Cryptocurrency Bubble Will Burst: Aberdeen Asset Management, cointelegraph.com, 20170624, http://bit.ly/2h8tfzg
John Lyons and Shen Hong, Asset Bubbles From Stocks to Bonds to Iron Ore Threaten China, wsj.com, 20161101, http://on.wsj.com/2fpkiSg
Kimberly Amadeo, Asset Bubble: Causes, Examples, and How to Protect Yourself, thebalance.com, 20170714, http://bit.ly/2h6Fj7N
Neel Kashkari, Monetary Policy and Bubbles, minneapolisfed.org, 20170517, http://bit.ly/2f1e7mz
Oliver Watts and Richard Hayler, Window Dressing in M&A Transactions, FTI Consulting, Inc, 20170522, http://bit.ly/2xFUQSX
perstirling.com, Per Stirling Capital Outlook – June 2017, 20170630, http://bit.ly/2h5L3Pi
Steve Goldstein, Fed’s Kashkari says central bank should avoid fighting asset-price bubbles, marketwatch.com, 20170517, http://on.mktw.net/2yddnTM
Wolf Richter, Brick & Mortar Retail Meltdown Fueled by Asset Stripping. Details Emerge in Bankruptcy Courts, wolfstreet.com, 20170731, http://bit.ly/2h9myAv
Wolf Richter, Consumer Bankruptcies Rise for the First Time since 2010, wolfstreet.com, 20170205, http://bit.ly/2xFx7Cm
Wolf Richter, Great Debt Unwind: Bankruptcies by Consumers and Businesses Jump, wolfstreet.com, 20170606, http://bit.ly/2xF4ZiS
Wolf Richter, It Just Doesn’t Let Up with Wells Fargo, wolfstreet.com, 20170729, http://bit.ly/2h8HUKY
Wolf Richter, Next Asset Bubble Cracks: It’s so Big even the Fed is Fretting, wolfstreet.com, 20170607, http://bit.ly/2qXUwbp, http://read.bi/2x8RSF3
Wolf Richter, Retail Meltdown Demolishes Mall Investors, wolfstreet.com, 20170509, http://bit.ly/2xGUM5q
Wolf Richter, So When Will China’s Debt Bubble Finally Blow Up?, wolfstreet.com, 20170817, http://bit.ly/2wvFgVh
Wolf Richter, The Economy is Cracking under Too Much Debt, wolfstreet.com, 20161018, http://bit.ly/2x5iwNu
Wolf Richter, The US Cities with the Biggest Housing Bubbles, wolfstreet.com, 20170829, http://bit.ly/2iIssJh


Readings on Satellites

Anityo Nugroho, Satellite Communication – Part 1, 20110404, http://bit.ly/2wOwGW4
Arianespace, Flight VA 230: EchoStar XVIII and BRIsat, Launch Kit, 20160613, http://bit.ly/1S2Ibr
Bryce Space and Technology, 21 Years as the Voice of the U.S. Satellite Industry, SIA’s 20th annual study of satellite industry data, Washington DC, 20170714.
Collins Student World Atlas, HarperCollins Publishers, 2005, ISBN 0 00 719549 4; in TAHN, Geostationary Communication Satellites, 20071226, http://bit.ly/2wdWKbw
ComSoft VSAT Solutions GmbH, Satellites Served, http://bit.ly/2xIjdLU
Dan Meyers (Sydney Plavins), How to Rent and Operate a Satellite for $250 a Week!, 20160823, http://bit.ly/2iCug6J
Diah Yuniarti, Studi Perkembangan dan Kondisi Satelit Indonesia (The Study of Development and Condition of Indonesian Satellites), Puslitbang Sumber Daya dan Perangkat Pos dan Informatika, Buletin Pos dan Telekomunikasi, Vol.11 No.2 Juni 2013 : 121-136.
Euroconsult, Satellite Value Chain: Snapshot 2016, Key Trends and Indicators on Supply & Demand of the World Commercial Satellite Industry – An Extract, Executive Report, Paris, 20161213.
Geo Swan, North Pole February Ice-Pack 1978-2002, 20161023
Graham Templeton, Geek Answers: What is geostationary orbit, and why is it so important?, 20131214, geek.com, http://bit.ly/2iG8AXw
Hendra Santoso, ed, Data Statistik, Tahun 2016, Semester 2, Direktorat Jenderal Sumber Daya dan Perangkat Pos dan Informatika, Kementerian Komunikasi dan Informatika, 20170519.
Innovation, Science & Economic Development Canada’s (ISED), Policy Framework for the Provision of Fixed-Satellite Services (FSS) & Broadcasting-Satellite Services (BSS), Spectrum Management & Telecommunications, Radio Systems Policy, RP-008, Issue 4, Canda, June 2017
Innovation, Science & Economic Development Canada’s (ISED), Radio Spectrum Inventory: A 2010 Snapshot — Canada, Chapter 7–Satellite Services, http://bit.ly/2xMYZSo
Karaşimşek, Konu: Uydu sinyalleri ile ilgili sorular (Topic: Questions about satellite signals), 20080614, http://bit.ly/2vzedZk
Mahdi3d, INTELSAT 22 was thrown into orbit / lateral military cargo to Australia, IRNA, 20120326, http://bit.ly/2w9sDlL, http://bit.ly/2wzJrTO, http://bit.ly/2ggiM88
Mick Denton, Electron/Ion Flux Model for Geosynchronous Orbit (GEO), 20150419, Last update: 20161007, http://bit.ly/2wNVrla
Mulyadi, Indonesian Satellite Service Regulatory Framework, Head of Satellite Management, Ministry of Communications and Information Technology, ITU International Satellite Symposium 2016, Bali, 6-8 September 2016.
n2yo.com, Telkom 3 Satellite details 2012-044A NORAD 38744, http://bit.ly/2xOgOkc
n2yo.com, What’s Up In Your Sky?, http://bit.ly/2yjmHsM
Pacome Revillon, Fundamentals and Dynamics of the Satellite Communications Business, Inmarsat Capital Markets Day 2016, Euroconsult, Paris, 20161007.
Patrick Blau, Yamal-402 Satellite healthy after Briz-M Upper Stage Failure, spaceflight101.net, 20121209, http://bit.ly/2wSmDOW, http://bit.ly/2xDtt8k
Satellite Industry Association, 21 Years as the Voice of the U.S. Satellite Industry.
Satellite Industry Association, Satellite 101: Satellite Technology and Services.
SatFlare.com, Telkom 3 – NORAD 38744 – 3D Online Satellite Tracking, http://bit.ly/2fDTVHX
Source: Gempar Ikka Wijaya, Nasib satelit bernilai Rp 1,8 triliun, 20120808, http://bit.ly/2vzZVad
Space Systems/Loral, LLC, SSL satellites in orbit, http://bit.ly/2vnmt2G
T.S. Kelso, Breeze-M Rocket Body (38746) Breakup, celestrak.com, 20121025, updated: 20121109, http://bit.ly/2wzMiMR
Union of Concerned Scientists (UCS) Satellite Database; in Satellite Industry Association, Satellite 101: Satellite Technology and Services, Washington DC, 20130118.


Index

75E-Q, 247
A. Firman Taufick, 197
A. Fuad Rahmany, 162, 163, 164, 166, 182
A. Sonny Keraf, 162, 163, 164, 165, 166, 171, 175, 182
A.Y. Soepadmo, 201
A2100A, 237
A2100AXX, 237
AB, 136, 137
Abing Rabani, 197
ABS, 242, 243, 244, 245, 246, 247
ABS-2, 242, 243, 244, 245, 246, 247
ABS-6, 247
ACeS, 237
ACeS 1, 237
ACeS 2, 237
Achmad Chairul Ganie, 143
Achmad Fachmi, 141
Adam S. Posen, 42, 254
Adhi Karya, 168
Adhyaksa Dault, 162, 163, 164, 165, 166, 170, 175, 182
Adi Setyanto, 192
Adolf Hitler, 38
ADS, 237
AED, 29
Aero System Indonesia, 147
Aero Systems Indonesia, 148
Aerospatiale, 237
Agila, 237
Agila 1, 237
Agila-2, 237
AGRO, 140, 141, 178
Agus DW Martowardojo, 15
Agus Katon Eko Sedyono, 140
Agus Noorsanto, 182, 193
Agus Suprihanto, 198
Agus Toni Soetirto, 181
Ahmad Fuad, 162, 163, 164, 165, 166, 168, 169, 175, 177, 178, 182
Ahmad Fuad Rahmany, 168, 175, 177
Ahmad Solichin Lutfiyanto, 196
AIA Finl, PT – Ul Equity, 135
Airbus Defence and Space, 237
AJ Bringin Jiwa Sejahtera, 179
Albert D Metz, 49, 254
Alcatel, 237
Alexander Margaronis, 151
Algemene Volkscredietbank, 154
Alibaba, 77, 78, 255
Alioth LLC, 33, 253
Amazon, 77, 254
AmSat, 237
AMZN, 77, 78
Anatolia 1, 237
Andalaz Cavis, 242, 247, 248, 250, 251, 252
Andik Eko Putro, 198
Andrinof Achir Chaniago, 167
Andy Ferdinand, 151
Andy Krieger, 32
Andy Wibowo Gunawan, 151
Aneka Vision, 242, 248, 250, 251, 252
Angga Aditya Assaf, 151
Anggito Abimanyu, 140
Angkasa Pura I, 167
Anik Hidayati, 195
Anityo Nugroho, 227, 258
Ann C. Chalstrom, 33, 253
Anna Maria Ciadarma, 195
Ansar Arifin, 142
ANZ, 110
APG Asset Management NV, 136
Aplikanusa Lintasarta, 144, 242, 249
APSTAR, 242, 243, 244, 245, 246, 247
APSTAR-142E, 247
APSTAR-142E-R, 247
APSTAR-4, 247
APSTAR-5, 247
APSTAR-6, 242, 243, 244, 246, 247
APSTAR-7, 242, 243, 244, 245, 246, 247
APSTAR-9, 242, 243, 245, 246, 247
APSTAR-9A, 246, 247
APSTAR-V, 242, 243, 244, 245, 246, 247
APT Satellite Holdings Ltd, 221
Arab Satellite Communications Org, 221
Arba Xtreme Media, 242, 247, 248, 249, 250, 251, 252
Argabudhy Sasrawiguna, 196
Argentina, 221
Ari Setyo Wibowo, 197
Ariane, xiv, 237, 239
Ariane 44L-3, 237
Ariane 5, xiv, 239
Ariane-42P H10-3, 237
Ariane-44L H10-3, 237
Ariane-5ECA, 237
Arianespace, 238, 239, 258
Artacomindo Jejaring Nusa, 242, 249, 251
Artha Mas Cipta, 242, 247
Arthamas Cipta, 250
Arthur C. Clarke, 220
Artisan International Investor, 138
Artisan Partners Limited Partnership, 137
Asaba Computer Center, 146
ASCO, 221
Ashlyn Still, 60, 61, 253
Asia Broadcast Satellite Ltd, 221
Asia Cellular Satellite, 237
Asia Media Mandiri, 242, 248
Asia Panca Mandiri, 242, 248
Asian Development Bank, 169
ASIASAT, 242, 243, 244, 245, 246, 247, 248, 252
ASIASAT-4, 242, 243, 244, 245, 246, 247, 248
ASIASAT-5, 242, 243, 244, 245, 246, 248
ASIASAT-7, 252
ASIASAT-AK, 247
ASIASAT-AK1, 247
ASIASAT-AKS, 247
ASIASAT-AKX, 247
ASIASAT-EKX, 248
Asmawi Syam, 181, 183, 184, 186
Astek, 140
Astro Space Center of Moscow, 221
Asuransi Bringin Jiwa Sejahtera, 139, 157
Asuransi Bringin Sejahtera Artamakmur, 146, 148, 189
Asuransi Jiwa Bringin Jiwa Sejahtera, 85, 142, 144
Asuransi SIMAS Shariah, 179
Atlas-2AS, 237
Auckland, 8
AUD, 29, 46
Australia, 109, 169, 178, 191, 192, 193, 195, 197, 219, 238, 258
Australia and New Zealand Banking Group Ltd, 109
Australian, 2, 27, 49, 100, 101, 254
Austria, 221
Austrian, 27
Azwar Abubakar, 167
B&M, 77
Ba LC, 237
Ba LC-200/39, 237
Ba LC-81/23, 237
Ba LC-81/24, 237
BABA, 77
Bagus Hananto, 151
Bahana Artha Ventura, 179
Bahana Securities, 151
Bahari Media Televisi, 242, 247, 248, 249, 250, 251, 252
Bakri, 195
Bambang Irianto, 200
Bambang Krisminarno, 196
Bambang Soepeno, 141
Bambang Supeno, 178
Banda Aceh, 156, 163, 182
Bandar Lampung, 156, 163, 182, 198, 200, 201
Bandung, 143, 156, 163, 166, 168, 172, 182, 186, 187, 189, 190, 191, 192, 198, 199, 201
Bangkok, 29, 165
Banjarmasin, 156, 163, 178, 182, 189, 199, 201
Bank Agroniaga, 85, 140
Bank BNI, 1, 147, 148
Bank BNI Syariah, 147, 148
Bank BRI, 1, 139, 144, 154, 157, 175, 190, 191
Bank BRI Agroniaga, 190
Bank BRI Syariah, 139, 154, 157, 175, 191
Bank BRISyariah, 139
Bank BTN, 1
Bank Bukopin, 147, 179, 191
Bank Bumi Daya, 152
Bank Central Asia, 1
Bank Dagang Negara, 152, 186
Bank Danahutama, 176
Bank Danamon, 172
Bank Ekspor Impor Indonesia, 152
Bank for International Settlements, 54, 55, 58, 59, 254
Bank ICBC Indonesia, 162, 170
Bank Indonesia, xi, 11, 13, 15, 16, 17, 18, 19, 20, 21, 22, 89, 90, 93, 95, 103, 104, 120, 139, 140, 141, 144, 145, 146, 147, 148, 154, 167, 169, 173, 176, 178
Bank Indonesia Urusan Koperasi Tani dan Nelayan, 154
Bank Internasional Indonesia, 169
Bank International Indonesia, 176
Bank Jasa Arta, 139
Bank Jasa Artha, 154
Bank Koperasi Tani dan Nelayan, 154
Bank Lippo, 240
Bank Mandiri, 1, 147, 148, 152, 153, 187
Bank Mega Group, 172
Bank Mitraniaga, 172
Bank Negara Indonesia, 147, 148, 154, 174
Bank Negara Indonesia Unit II – Rural Division, 154
Bank of America, 47, 52, 57, 109
Bank of England, 23, 31, 39, 44, 45, 254, 256
Bank of Montreal, 109, 110
Bank of New York Melon, 109, 110
Bank of Tokyo-Mitsubishi UFJ, 47, 109, 110, 143
Bank Pembangunan Indonesia, 152
Bank Perkreditan Rakyat, 154
Bank Rakyat Indonesia, i, vii, viii, ix, x, xii, xiii, 1, 4, 81, 82, 86, 87, 88, 89, 91, 92, 93, 95, 96, 97, 98, 99, 100, 101, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 119, 120, 122, 123, 124, 125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 138, 139, 140, 142, 143, 144, 145, 146, 148, 151, 152, 154, 155, 156, 157, 160, 162, 163, 164, 165, 166, 167, 168, 169, 170, 171, 172, 173, 175, 178, 181, 182, 183, 184, 185, 187, 190, 236
Bank Rakyat Indonesia Agroniaga, 139, 140, 157
Bank Rakyat Indonesia, PT – Treasury STO, 135
Bank Rakyat Republik Indonesia Serikat, 154
Bank Sahabat Sampoerna, 162, 170
Bank Sulut, 172
Bank Syariah BRI, 139
Bank Syariah Mandiri, 147, 148
Bank Tabungan Negara, 147, 148
Bank Tani Nelayan, 154
BankAmerica, 31
Bankers Trust, 31, 32
Banque de France, 36
Bapepam, 169, 179
Bapepam-LK, 169
Bapindo, 152
Bappenas, 16
Barclays, 47, 53, 54, 57, 256
Barclays Bank plc, 47, 53
Barclays Capital Services Ltd, 53
Barclays Directors Limited, 53
Barclays Group Holdings Ltd, 53
Barclays plc, 53
Barclays Services Jersey Ltd, 53
Bardiyono Wiyatmojo, 192
Barings Bank, 45
Barrick Gold, 24
Basle-Nyborg, 33
Batu Sangkar Multimedia, 242, 247, 248, 250, 251, 252
BBA, 46, 47, 50, 51, 54
BBA Repo, 54
BBA standard for interest rate swaps, 46
BBAIRS, 46
BBC, 23
BBD, 152
BBH Boston S/A Vangrd Emg Mkts Stk Infd, 135
BBH Luxembourg S/A Fidelity Fd, Sicav, 135
BBRI, 126, 127, 154, 237, 238
BCCI, 45
BCG, 57
BDH Khusus Bialugri, 150
BDN, 152
BEF, 31
BEII, 154
Beijing, 240
Belgian, 27, 31, 33, 36
Belgium, 31, 39, 171, 172
Bendahara Khusus, 146, 150
Bendahara Pengeluaran Pembantu, 146
Benelux, 39
Benjamin Koo, 151
BEP, 78
Berlin Wall, 32
Bernstein, 151
BI, xi, 9, 19, 20, 104, 169
BI 7-day (reverse) repo rate, 9
BI 7-day repo rate, 9
BI rate, 9, 20
Bialugri, 146
BII, 169
Bill Phillips, 44
BIS, 30, 35, 40, 42, 43
BJA, 139, 154
BJS, 141
BKTN, 154
Black Wednesday, 32, 33, 34, 44, 254, 256
Blackrock, 135
BlackRock Fund Advisors, 136, 137
Blair, 45
BNI, 143, 151, 152, 154, 176, 186
BNI Securities, 151
BNI Unit II – Export Import Division, 154
BNP Paribas, 47, 109, 110, 151
BNP Paribas Equity Research, 151
Board of Governors of the Federal Reserve System, 70
BoE, 23, 32, 34, 42, 45, 53
Boeing Satellite System, 237
Boeing SS, 237
BoJ, 60, 61
BOL, 237
Bonn, 36, 43
Borneo Visual Multimedia Pro, 242, 247, 248, 251
Boston Consulting Group, 56, 254
Boyke Budiono, 143
BP, 91
BPJS Ketenagakerjaan JHT, 135
BPKP, 176
BPP, 146, 150
BPR, 144
BRC, 141
Breeze-M, xiii, 218, 219, 258
Bretton Woods, 27, 39, 41, 254
Brexit, 23, 256
BRI, ii, iii, v, vii, viii, ix, 1, 3, 81, 83, 85, 90, 91, 92, 102, 110, 121, 139, 140, 141, 142, 143, 144, 145, 146, 147, 148, 149, 152, 153, 154, 155, 156, 157, 158, 159, 161, 174, 175, 176, 177, 178, 179, 180, 186, 187, 188, 189, 190, 191, 192, 193, 194, 197, 202, 238, 241
BRI Agro, ix, 139, 140, 141, 147, 157, 178, 179
BRI Finance, ix, 139, 143, 147, 157
BRI Life, ix, 139, 142, 157, 179, 180
BRI Multifinance, 85, 139, 143, 144, 157
BRI Pension Fund, 178
BRI Remittance, ix, 85, 139, 141, 142, 157
BRI Syariah, ix, 139, 140, 154, 157, 175, 178, 179
BRI Syariah Unit, 154
BRILink, 145, 152
Bringin Gigantara, 144, 146, 148, 149, 191
Bringin Indotama Sejahtera Finance, 188
BRIngin Jiwa Sejahtera, 141
BRIngin Remittance, 141
Bringin Srikandi Finance, 190
BRIS, 139
BRIsat, vi, 146, 154, 193, 202, 237, 238, 239, 258
BRISyariah, 85
Brit, 34
Britain, 38, 256
BRITE Consortium, 221
British, 27, 31, 32, 33, 45, 46, 100, 101, 256
British Bankers’ Association, 46
Briz-M, vi, 216, 218, 258
BRR, 169
Bruce Kovner, 31
Brussels, 36
Bryce Space and Technology, 207, 258
BSMR, 164, 176, 183
BSS-601HP, 237
BT, 32, 237
BTMU, 143, 144, 146, 148, 149, 187
BTMU – BRI Finance, 143
BTMU BRI Finance, 144, 146
BTMU-BRI, 143, 148, 149, 187
BTMU-BRI Finance, 143, 148, 149, 187
BTM-UFJ, 110
BTN, 152, 189
Buana Capital, 151
Budi Rustanto, 151
Budi Satria, 198, 238
BULOG, 102, 147, 148, 149
Bulukumba Citra Visual, 242, 248, 249, 250
Bundesbank, 33, 34, 35, 36, 38, 39, 42, 43, 253
Bungamayang Agroloka, 144
Busrul Iman, 197
BWS, 41, 44
CA, 2
Cabinet Secretary, 16
CAD, 29, 46
Cahaya Tunas Pofah, 242, 248
Cakrawarta-1, 237
Canada, 31, 41, 47, 176, 221, 233, 255, 258
Canadian, 27, 101
Cantillon Fund, 135
Caprock Communications Indonesia, 242, 249, 250, 251
Carrick Mollenkamp, 49, 253
Carrie Tolstedt, 71
CASC, 240
CAST, 237, 240
Caxton Corp, 31
Cayman Island, 155
CBM, 43
CC, 185, 237
CC LC, 237
CC LC-17A, 237
CC LC-17B, 237
CC LC-36B, 237
CCK LC-39A, 237
CDBC, 95
CDS, 49, 50, 51
Cendrawasih Wiputra Mandiri, 242, 247, 248, 249, 250, 251
central bank money stock, 43
Centrale Kas Voor Het Volkscredietwezen, 154
CEO, 57, 71, 172, 190
certificate deposit of Bank Indonesia, 20
CFETS, vii, 29, 30
CFPB, 70, 71, 255
CFTC, 57
CGWIC, 237, 240, 241
Chairman, 57, 71, 163, 167, 168, 169, 170, 171, 172, 175, 177, 178, 186, 187, 189, 190
Chairul Tanjung Group, 172
Chairwoman, 73
Chancellor, 38, 40, 45, 53
Charles de Gaulle, 41
Chase Manhattan, 31
Chemical Banking, 31
CHF, 29, 46, 47
Chicago, 11, 254
China, 7, 8, 24, 27, 29, 30, 73, 74, 78, 95, 221, 237, 238, 240, 247, 248, 249, 252, 257
China Academy of Space Technology, 237, 240
China Aerospace Science and Technology Corp, 240
China Dev. Bank Corp., 95
China Foreign Exchange Trade System, 29
China Great Wall Industry Corp, 237, 240
China Satcom, 237
ChinaSat, 237
ChinaSat 5B, 237
CHINASAT-10, 242, 243, 244, 245, 246, 248, 249
CHINASAT-11, 242, 243, 244, 245, 246, 249
CHINASAT-6, 248, 249, 252
CHINASAT-64, 249
CHINASAT-6B, 252
Chinese, 3, 7, 8, 27, 28, 29, 73, 74, 240, 253
CHIRD, 57
CIMB, 151
Cinta Manis Agroloka, 144
Ciptadana Sekuritas, 151
Citibank, 47, 54, 109, 135
Citicorp, 31
Citigroup, 50, 51, 53, 54, 57
Citra Buana Cable Vision, 243, 248, 249, 250
Citra Ilham Mandiri, 243, 247, 248, 249, 250, 251, 252
Citra Intel Pratama, 243, 248
Citra Mitra Inti Kusuma, 170
Citra Sari Makmur, 236, 237
Clarke, xiv, 227, 228, 229
CLSA, 151
Club Deal, 95, 109, 110
Club Loan, 95, 109, 110
CME, 46
CNH, 7, 29
CNY, 7, 29
Coface export-credit agency, 240
commercial real estate, 6, 73, 77
Commerzbank, 109, 110
Committee on the Peaceful Uses of Outer Space, 220
composite price index, 33, 45
Computer Technology Associates, 237
ComSoft VSAT Solutions GmbH, 224, 258
Connan Snider, 49, 253
Connecticut, 49
Consumer Financial Protection Bureau, 70, 255
consumer price index, 20, 45
COO, 57
Cooperative BRI Swakarya, 190
Cooperative Rabobank UA, 47
Coordinating Minister in Economic Affairs, 16
COSPAR, 216, 237
CPI, 20, 33, 45
Craig R. Whitney, 35, 253
CRE, 6
Crédit Agricole, 47, 53, 54
credit default swaps, 49
Credit Suisse, 47, 57, 151
Crispin Odey, 23
CSM, 236, 237
CSM-106, 236
CSM-111, 236
CSM-120, 236
CSM-137, 236
CT Group, 172
CTA, 237
CTBC Bank, 109
currency union, 31
Cyprus, 57
CZ-3B, 237
CZ-3B (Ariane 44L), 237
CZ-3B (Long March 3B), 237
CZ-3B/E, 237
D. Irwandi Wijaya, 201
D.P. Oka Maharjana, 199
Dagota Investama, 179
Dahlan Iskan, 167
Daily Express, 23
Daily Mail, 23
Daily Telegraph, 23
DAMRI, 147, 149
Dan Meyers, 225, 258
Dana Pensiun Bank Rakyat Indonesia, 142
Dana Pensiun BRI, 141, 142, 144
Dana Pensiun Karyawan Panin Bank, 144
Dana Pensiun Lembaga Keuangan, 142
Danareksa, 151, 169
Daniel L. Thornton, 11, 253
Daniel Plunkett, 54
Daniel Schäfer, 56, 253
Danish, 27, 31, 36, 46
Dany Cahya Rukmana, 195
Dapenbun, 140, 141
Datasel, 144
David Caplin, 54
David Chapman, 41, 253
David Pieri, 49
DB, 53, 54, 57
DB Group Services (UK) Ltd, 53
DBS, 109, 110, 151, 205, 213, 237
DBS Vickers, 151
De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden, 154
De Poerwokertosche Hulp Spaar-en Landbouw Credietbank, 154
Dedi Sunardi, 199
Defense Systems Inc, 237
Delta, 237
Delta 2914, 237
Delta 6925-8, 237
Delta 7925-8, 237
Delta-3920 PAM-D, 237
DEM, 31
Denai Kabel Mandiri, 243, 247, 248, 250, 251, 252
Denmark, 39
Denpasar, 156, 163, 182, 186, 192, 196, 199, 201
deposit facility, 20
Deutsche, 27, 42, 47, 53, 54, 57, 151, 179, 253
Deutsche Bank, 47, 53, 54, 57, 151, 179
DFA, 70, 138
DFA Emerging Markets Core Equity I, 138
DFH, 237, 240, 248
DFH-3A-OB, 248
DFH-4, 237, 240
DFH-4E, 237
Diah Yuniarti, 231, 258
Dicky Rozano, 201
Didin Hafidhuddin, 140
Dimensional Fund Advisors LP, 137
Direktorat Angkatan Darat, 146
Dirgantara Indonesia, 102, 147, 148, 149, 150
DITKUAD, 146, 150
DKK, 29, 31, 46
DLR-Tubsat, 237
DM, xi, 27, 31, 32, 33, 34, 35, 36, 37, 39, 43, 46
Dodd-Frank Act, 70
Doha, 29
DOJ, 57
dollar, viii, 25, 27, 28, 29, 32, 109
Donald Trump, 57
Dongfanghong-4E, 240
Donsuwan Simatupang, 181, 182, 183, 187
Douglas J. Keenan, 53, 253
DP BRI, 144
DPLK, 142
DSI, 237
Duta Media Entertainment, 243, 247, 248, 249, 250, 251, 252
Dutch, 31, 33, 35, 36
East Germany, 43
Ebeneser Girsang, 198
EC, 35, 39, 236
ECB, 37, 42, 45, 61
EchoStar XVIII, 239, 258
ECU, vii, 31, 39, 255
Edi Masrianto, 143, 196
Edouard Balladur, 36
Edy Priyono, 198
Edy Utomo, 200
EEC, 33
EIRD, vii, 53, 54, 56, 57
Eka Savitri, 151
Eko Bambang Suharno, 140, 175, 197
Eko Wahyudi, 197
Ekspress-1000N, 237
EM, 60
EMARSAT-4S, 252
emerging markets, 49, 73
Emirates NBD Bank, 109, 110
Employees Provident Fund, 135
EMS, 33, 36, 39
Erasmus, 33, 254
Erdianto Sigit Cahyono, 140
Eria Desomsoni, 201
Erizal, 198
ERM, xi, 33, 34, 35, 36, 39, 40, 43, 44, 254
Ernawan, 196
ESA, 221
ESP, 31
Estonia, 57
Eternal Recession Mechanism, 34
EU, 23, 25
EUMETSAT, 221
EUR, xi, 25, 29, 47
EURIBOR, 54, 56, 110
euro, vii, 23, 25, 27, 31, 39, 40, 42, 45, 54
Euro Interest Rate Derivatives, 53
Euroconsult, 203, 204, 205, 206, 208, 209, 210, 212, 214, 258
Europe, 41, 47, 53, 56, 184
EUROPE*STAR, 249
EUROPE*STAR-1, 249
EUROPE*STAR-45E, 249
European Commission, vii, 53, 54, 56, 57
European Community, 33, 36, 39, 253
European Currency Unit, 31, 255
European Economic Community, 33
European Organization for the Exploitation of Meterological Satellites, 221
Eurostar-3000, 237
Eurosystem, 42
Euroyen, 49, 57
Eutelsat, 221
EUTELSAT 172A, 242
Eutelsat Americas, 221
Eutelsat S.A., 221
EVA Dimensions, 151
Evan Lie Hadiwidjaja, 151
ExactEarth, 209
F.Y. Hari Sistiyasta, 198
Fabiola Noralita Sondakh, 142
Fahmi Subandi, 195
Falcon-9 v1.2, 237
Farid Hanafi, 200
FASBI, 20
Fasindojaya Kabel Televisi, 243, 247, 248, 251, 252
FCA, vii, 54, 57
FDIC, 70
Fed, xii, 8, 11, 12, 25, 35, 41, 53, 57, 60, 61, 63, 73, 76, 77, 253, 257
Federal Deposit Insurance Corporation, 70
Federal Housing Finance Agency, 70
Federal Regulators, 70
Federal Reserve Bank, 11, 63, 253, 254
Federal Reserves, 63
FFr, 27
FHFA, 70
Fidelity, 135, 136, 137, 138
Fidelity Investment, 135
Fidelity Management & Research, 136, 137
Fidri Arnaldy, 199
FIL Investment Management (Singapore) Ltd, 136
Finance Minister, 16, 36, 142
Financial Conduct Authority, 54
First Chicago, 31
Fitch Indonesia, 111
Five Forces, 44
Flight VA 230, 239, 258
Forestry Department, 140
franc, 27, 33, 36, 57
France, 35, 36, 38, 40, 41, 53, 221, 238, 240
Francois Mitterrand, 36
Frankfurt, 29
Franklin Advisers Inc, 137
Franklin Templeton, 135
FRB, 70
Frederic S. Mishkin, 42, 254
French, 27, 31, 32, 33, 36, 41, 238
French Guiana, 238
FRF, 31
FSA, 45, 57
FTSE 100, xi, 23
FTSE All-Share, xi, 23
Galileo, xiv, 226
GAM, 167
Garuda, 102, 147, 149, 150, 237
Garuda 1, 237
Garuda 2, 237
Garuda Indonesia, 102, 147, 149, 150
Garuda Maintenance Facility AeroAsia, 147, 149, 150
GARUDA-1, 236
GARUDA-2, 236
Gatot Mardiwasisto, 142, 181
Gatot Trihargo, 162, 163, 164, 166, 168, 175, 178, 182
Gatut Dwi Prihartoyo, 195
GBP, xi, 23, 25, 27, 29, 31, 34, 35, 40, 43, 46, 47
GE-23, 242, 249
Gemilang Media Visual, 243, 248, 249, 250
Gempar Ikka Wijaya, 218, 258
Generation IM Fund, 135
Genscape, 209
Geo Swan, 226, 258
George Osborne, 45
GEOStar, 237
GEOStar-1, 237
GEOStar-2, 237
German, xi, 31, 33, 34, 35, 36, 37, 38, 253
Germany, i, xi, 32, 33, 35, 36, 37, 38, 39, 40, 41, 42, 43, 45, 221, 249
Gerold Grasshoff, 56, 254
GIC S/A Government of Singapore, 135
Gilts, 54
Gim Seow, 49, 254
GLD exchange-traded fund, 24
Goddard Space Flight Center, 220
GoI, 238
Golden Wednesday, 34
Goldman Sachs, 57, 135, 151
Google Finance, 23
Gorontalo Sejahtera Mining, 162, 171
Government of Republic of Indonesia, 148
Government of Singapore, 135
Government of the Republic of Indonesia, 146
Graham Templeton, 222, 258
GRD, 31
Greek, 31
guilder, 27, 33, 35, 36
Gunawan Sulistyo, 196
Habibie Center, 167
Hadi Susanto, 143
Halifax and Bank of Scotland, 47
Handayani Wibowo, 200
Hans Tietmeyer, 36
Harding Loevner, 135, 136, 137, 138
Hari Siaga Amijarso, 194, 197
Harmonised Index of Consumer Prices, 45
HarperCollins, 222, 258
Harsh Wardhan Modi, 151
Haru Koesmahargyo, 181, 182, 183, 187
Hawaii, 238
Hayat TV Entertainment, 243, 247, 248, 249, 250, 251, 252
HBOS, xii, 47, 51
HBR, 77, 254
Helmut Schlesinger, 34
Hendra Santoso, 236, 258
Hendrickus, 143
Hepman Damanik, 197
Hermann Simon, 77, 254
Hermanto Siregar, 140
Herry Prayudi, 200
Heru Setyati, 197
Hexana Tri Sasongko, 193
HGS 3, 237
HICP, 45
HKD, 29, 142
HKMA, 7
Hong Kong, 7, 29, 81, 136, 141, 155, 157
Hong Kong Special Administrative Region, 141
HS, 237
HS-333D, 237
HS-376, 237
HS-601, 237
HSBC, 47, 53, 54, 109, 110, 135, 151, 172, 240
HSBC Bank plc, 47, 53
HSBC Bank Plc S/A Saudi Arabian Monetary Agency, 135
HSBC Bk Plc Re Agus Fund Manager S/A Abu Dhabi, 135
HSBC BK plc S/A The Prudential Assurance, 135
HSBC France, 53
HSBC Holdings plc, 53
HSBC Ltd, 109, 110
Hubble, xiv, 226
HUF, 29
Hughes, 237
Hulp-en Spaarbankder Inlandsche Bestuurs Ambtenaren, 154
I Gde Yadnya Kusuma, 176
I Komang Sudiarsa, 141
I Made Suka, 195
IBA, 46
ICAP, 54
Icap Management Services Ltd, 53
Icap New Zealand Limited, 53
Icap plc, 53
ICE, 46, 47, 110
ICE Benchmark Administration, 46
IDR, vii, xi, 1, 21, 22, 86, 87, 88, 96, 97, 99, 100, 111, 112, 113, 114, 115, 116, 117, 122, 123, 124, 132, 146
IDX, 3, 140, 154
IEP, 31
Igor Nyoman, 151
Illinois Wesleyan University, 33
IM, 135
IMF, vii, 27, 28, 54, 254
Inasat-1, 237
Indo Premier Securities, 151
Indonesia Asahan Aluminium, 147, 150
Indonesia Eximbank, 169
Indonesia Fishery Society, 167
Indonesia Power, 147, 150
Indonesian Exports Financing Agency, 169
Indonesian Stock Exchange, 140
Indonesia-OSCAR 86, 237
Indosat, 236, 238, 240
Indostar, 237
Indostar-1, 237
INDOSTAR-107.7E-K, 236
INDOSTAR-107.7XS, 236
INDOSTAR-108.2XS, 236
INDOSTAR-110E, 236
INDOSTAR-110E-K, 236
INDOSTAR-118XS, 236
Indostar-2, 237
Indra Kesuma, 140, 178
Indra Praseno, 140
Indra Utoyo, 181, 190
Indrayeti, 177, 180
Industri Kereta Api, 147, 149
Infokom Elektrindo, 243, 247, 249
INMARSAT, 242, 244, 246, 249
INMARSAT-4 143.5E, 249
INMARSAT-4 F1, 242, 244, 246, 249
Innovation, Science & Economic Development, 233, 258
INS00000, 236
INS02800, 236
INS3501, 236
INS3502, 236
INSA_100, 236
INSB_100, 236
Institute of Space and Aeronautical Science, 221
Institute of Space and Astronautical Science, 221
INTELSAT, 219, 242, 243, 244, 245, 246, 249, 250, 251, 258
INTELSAT 12, 249
INTELSAT 17, 242, 243, 244, 246, 249
INTELSAT 19, 242, 243, 244, 245, 246, 249, 250
INTELSAT 20, 242, 243, 244, 245, 246, 250
INTELSAT 22, 219, 242, 246, 250, 258
INTELSAT 7, 250
INTELSAT 706, 250
INTELSAT 8, 242, 250
INTELSAT 805, 250
INTELSAT 902, 242, 250, 251
INTELSAT 904, 242, 251
INTELSAT 906, 242, 251
Intelsat APR1, 237
INTELSAT-20, 244, 251
INTELSAT5A 157E, 250
INTELSAT6 157E, 250
INTELSAT6 60E, 251
INTELSAT6 62E, 251
INTELSAT6 64E, 251
INTELSAT7 157E, 250
INTELSAT7 62E, 251
INTELSAT7 64E, 251
INTELSAT7 66E, 249
INTELSAT8 60E, 251
INTELSAT8 62E, 251
INTELSAT8 64E, 251
INTELSAT8157E, 250
INTELSAT9 60E, 251
INTELSAT9 62E, 251
INTELSAT9 64E, 251
INTELSAT9 66E, 249
INTERBELAR-2, 247
InterContinental Exchange, 46
Interior Ministry, 16
International Monetary Fund, 54, 254
Intersputnik, 237
INTERSPUTNIK-, 247
Inti Konten Indonesia, 147, 149
Inti Pindad Mitra Sejati, 147, 148
Inti Prima Cemerlang, 243, 247
IO 86, 237
IPSTAR-1, 242, 251
Ira Wirayanti, 195
Irama Mitra Media, 243, 249, 251, 252
Iranian, 27
Irianto, 182, 192
Irianto Sunardi, 192
IRIDIUM, 251
Irish Punt, 31
IRNA, 219, 258
Irving Fisher, 13, 45
Irwan Junaedy, 200
Irwandi Yusuf, 167
IS-22, 242, 246, 250
ISAS, 221
ISAT, 237
ISED, 233, 258
iShares Core MSCI Emerging Markets, 138
iShares MSCI Indonesia, 138
ISS, xiv, 226, 237
ISS Reshetnev, 237
IT, iv, 144, 159, 193, 195
Italian, 27, 31, 33, 35
Italy, 221, 240
ITL, 31
J.P. Morgan, 31, 53, 137, 151
Jacob Gyntelberg, 54, 55, 254
Jaj Singh, 151
Jakarta, xi, xiii, xiv, 7, 10, 21, 29, 79, 103, 139, 140, 142, 143, 144, 154, 155, 156, 157, 158, 163, 166, 169, 170, 171, 172, 173, 175, 176, 177, 179, 180, 182, 184, 186, 187, 188, 189, 192, 193, 194, 195, 196, 197, 198, 200, 201, 216, 217, 218, 219, 220, 240, 254
Jakarta Kyoei Medical Center, 144
Jakarta Stock Exchange, 154
Jaminan Kredit Indonesia, 179
Janet Yellen, 73
Japan, 41, 53, 143, 221, 251, 252
Japanese, 27, 28, 100, 101
Jasa Marga, 147, 148
Jayapura, 156, 163, 182, 189, 198
JCSAT, 242, 243, 244, 245, 246, 251, 252
JCSAT-13, 251
JCSAT-2A, 252
JCSAT-3A, 242, 243, 244, 245, 246, 251
JCSAT-4B, 251
JCSAT-5A, 251
JCSAT-FO-124E, 251
JCSAT-FO-128E, 251
Jeffry J. Wurangian, 162, 163, 164, 165, 166, 182
Jeffry Jefta Wurangian, 172, 175, 177
Jeremy Kraft, 54
Jerry del Missier, 57
Jezri Mohideen, 49
Jimmy Tan, 49
Jiwasraya, 168
John Major, 40
John Maynard Keynes, 45
John Stumpf, 71
John T. Boorman, 11, 254, 255
Joice Farida Rosandi, 197
Jonathan Spicer, 60, 61, 253
Jones Investments, 31
Joshua Tanja, 151
Jovent Giovanny, 151
JP Morgan, xii, 47, 51, 135
JP Morgan Chase Bank, 47
JPM, 61, 72
JPMCB, 135
JPMorgan, 52, 53, 54, 57, 135, 136
JPY, 29, 46, 47, 57
JSX, 154
Jurgen Stark, 37
Justin H. Mims, 70, 254
Kabanjahe Vision Indonesia, 243, 247, 248, 249, 251, 252
Karaşimşek, 223, 258
Kashkari, 63, 257
Keenan, 53
Kejar, 144, 148
Kelola Jasa Artha, 144, 148
Kementerian Keuangan Republik Indonesia, 149
Kementerian Pertahanan, 236
Kemhan, 146, 237
Kereta Api Indonesia, 102, 147, 149, 150
Kevin Kwek, 151
Khairi Setiawan, 142
Khairullah, 201
KNPI, 170
Ko ELA, 237
Ko ELA-2, 237
Ko ELA-3, 237
Kokok Alun Akbar, 196
Komaruddin Hidayat, 140
Kominfo, 236
Koperasi Karyawan Bank Bukopin Jakarta, 144
Koperasi Karyawan BRI Syariah, 147, 149
Koperasi Swakarya BRI, 146, 147, 149
KOREASAT-8, 242, 243, 244, 245, 246, 247
Kourou, 238
Krakatau Steel, 102, 147, 148, 149
Kraton Imaji Utama, 170
Kresna Securities, 151
krona, 27, 46
krone, 27, 46
Kuala Lumpur, 29
Kuraygeo Service Indonesia, 244, 249, 252
Kurnia Chaerudin, 143
Kustodian Sentral Efek Indonesia, 144
Kuswardono, 196
Kuswiyoto, 181, 182, 183, 184, 188
Kyle Bass, 24
Lampung Mitra Media, 244, 248, 251
Laos, 252
LAOSAT-1, 252
Lapan, 237
Lapan A1, 237
Lapan A2, 237
Lapan A3, 237
LAPAN TUBSAT, 236
LAPAN-A3-SAT, 236
Lapan-ORARI, 237
LAPANSAT, 236
Lapan-TubSat, 237
Lausanne Conference, 38
Lee Bruce Stewart, 54
Lee Knight, 49
Leigh-Pemberton, 45
Lembaga Pembiayaan Ekspor Indonesia, 147, 148
Lembaga Penerbangan dan Antariksa Nasional, 236
Lembang Selayar Kabel Vision, 244, 248, 251
LEN Industri, 147
lending facility, 20
Leniency Notice, 57
LIBOR, vii, xi, xii, 23, 46, 47, 49, 50, 51, 53, 54, 110, 253, 254
LIFFE, 53
Lina Sari, 195
LIPPOSTAR 1, 251
lira, 27, 31, 33, 35, 36, 43
Lloyds Bank of Scotland, 54
Lloyds Bank plc, 47
Lloyds Banking Group, 47
Lloyds TSB Bank plc, 47
LM, 237
Loan and Saving Bank for Noble Indigenous, 154
Loan and Saving Bank for the Employees of Indigenous Local Leader, 154
Lockheed Martin, 237
Lockheed Martin Commercial Space Systems, 237
London, 23, 27, 29, 32, 34, 38, 45, 46, 47, 49, 53, 57, 165, 179, 190, 254
London Agreement, 38
London International Financial Futures Exchange, 53
London School of Economics, 27, 254
London Stock Exchange, 23
Long March 3B, 240
Long March CZ-3B/E, 240
Loo Kar Weng, 151
Loral Global Alliance, 221
Loral Skynet Satellite Services, 221
LSE, 23, 44
LSPP, 164, 183
LUF, 31
Luxembourg, 29, 31, 39, 135, 252
LUX-G5-25, 252
LUX-G7-20, 252
Lyall Taylor, 151
M. Fankar Umran, 199
M. Gunawan Yasni, 140, 179
M. Ridwan Rizqi R. Nasution, 142
M. Sodo Harisetyanto, 142
M2A, 237
Macquarie, 151, 195
Mahdi3d, 219, 258
Mahmud, 162, 172
Mahmuddin Yasin, 142
Makassar, 156, 163, 173, 182, 186, 188, 193, 199, 200, 244, 248, 250, 251
Makassar Multimedia Digital Sistem, 244, 248, 250, 251
Makianos Network, 244, 248, 252
Malang, 156, 157, 163, 172, 182, 187, 192, 193, 194, 196, 197, 198, 199, 200
Malaysia, 251, 252
Manado, 156, 157, 163, 172, 182, 199, 200
Mandiri Sarana Informasi, 244, 247, 248, 249, 250, 251
Mandiri Sekuritas, 151
Marcus Agius, 57
Marine and Fishery Exploration Department, 167
Marine and Fishery Ministry, 167
Mark, 27, 49, 54, 253
Mark Stevenson, 54
Mark Whitehouse, 49, 253
Markit Group, 50, 51
Marshall Plan, 41
Martin Brokers, 54
Maxxnet Elde Hawe, 244, 248, 250
Maybank Kim Eng, 151
MBS, 60, 73
MCI, 237
MEASAT, 242, 243, 244, 245, 246, 251, 252
MEASAT-1, 251, 252
MEASAT-1A, 252
MEASAT-3A, 242, 243, 244, 245, 246, 251, 252
MEASAT-3B, 242, 244, 245, 246, 252
Medan, 143, 156, 157, 163, 180, 182, 187, 192, 197, 198, 200
Media Cakrawala Nusantara, 244, 248, 250
Media Citra Indostar, 236, 237
Media Citra Indovision, 237
Media Televisi Kabel Indonesia, 244, 247, 250, 251
Megah Surya Persada, 244, 249
Megasatcom, 244, 247, 249
Meiditomo Sutyarjoko, 197
Menara Proteksi Indonesia, 144
Meranti Vision, 244, 247, 248, 249, 250, 251, 252
Merapi Gelanggang Wisata, 144
Merpati Nusantara Airlines, 172
Metra Digital Innovation, 190
MICE, 78
Michael E. Porter, 44
Michael Kraten, 49, 254
Michael Ovaska, 61, 254
Michael Ross Curtler, 54
Michael Tanglis, 69, 254
Mick Denton, 223, 258
Microsoft, 4, 91
Mike Terceiro, 49, 254
Milka Mutiara, 151
Milton Friedman, 11, 254
Minang Saluran Ceria, 244, 248, 250, 251, 252
Minister of Youth and Sports, 170
Ministry of Finance, 102, 146, 162, 169, 171, 172, 176, 180
Ministry of Laws and Human Rights, 140, 141, 142, 143
Ministry of SOEs, 162, 166, 168, 174
Minneapolis, 63, 254
Minnesota, 49, 253
Mishkin, 35, 40, 42, 43
Mitra Banten Multimedia, 244, 248, 249, 250, 251
Mitra Himalaya Perdana, 170
Mitra Papua Vision, 244, 248, 249, 250, 252
Mitra Sentosa Abadi, 179
Mitra Vision Balikpapan, 244, 247, 248, 251
Mizuho Bank Ltd, 47
Mochammad Hadi Santoso, 140
Mohamad Helmi, 197
Mohammad Irfan, 181, 182, 183, 188
Mollenkamp, 49, 54
Moniek Wolters, 33, 254
Morgan Stanley, 53, 57, 135, 151
Mori Raya, 244, 248, 249, 250, 251
Morningstar, 86, 87, 88, 106, 125, 126, 127, 128, 129, 130, 131, 132, 133, 136, 137, 138
Muhamad Chatib Basri, 15
Muhamad Sidik Heruwibowo, 200
Muhammad Syafri Rozi, 197
Mulabasa Hurabarat, 180
Multi Media Sentral, 245, 248, 249
Multimedia Nusantara, 190, 245, 249
Mulya Chandra, 151
Mulyadi, 236, 258
Mustafa Abubakar, 162, 163, 164, 165, 166, 167, 175, 177, 182
Mustari Damopoli, 141
MXN, 29
MYR, 29
Nadira Intermedia Nusantara, 245, 249
Nandi Hendrian Hamaki, 143
NASA, 220, 221
National Bank of Abu Dhabi, 109
National Credit Union Administration Board, 70
National Energy Board, 162, 171
NATO, 41
NCUA, 70
Nederlandsche Handels Maatschappij, 154
Neel Kashkari, 63, 254, 257
Neil Danziger, 49
Neil Fonseca, 151
Netherland, 27
Netherlands, 31, 39, 252
Netherlands Antilles, 31
New Sparta Asset Management, 27, 254
New York, 29, 57, 135, 155, 165, 187, 194, 254
New Zealand, 8
NewSat 1, 237
Ngatari, 199
NHM, 154
Nick Leeson, 45
Nicolaus Teguh Budi Harjanto, 170
Nilesat, 221
NLG, 31
NOK, 29
Nomura, 151
NORAD, 216, 258
Nordea Bank, 135
Nordea Inv Mgt AB, Copenhagen, 137
Nordea Investment Management AB (Denmark), 136
Norinchukin Bank, 47
Norman Lamont, 36, 40
Northern Trust, 135
Norwegian, 27
NPO PM, 237
NPO Prikladnoi Mekhaniki, 237
NSS, 243, 246, 252
NSS-6, 243, 246, 252
NSS-9, 252
NSTAR-A2, 251
NT TST Co S/A Generation IM Fund Public, 135
Nurullah Akhsan, 195
NUSANTARA, 236
NUSANTARA-A1-A, 236
NUSANTARA-B2-F, 236
NUSANTARA-B3-A, 236
NUSANTARA-B4-A, 236
NUSANTARA-H1-30, 236
NUSANTARA-H1-30A, 236
NUSANTARA-H1-30B, 236
NUSANTARA-H1-A, 236
NUSANTARA-H1-A_1, 236
NYDFS, 57
NYSE, 53
NYSE Euronext, 53
NZD, 29, 32, 46
O3B, 252
OCBC, 110
OCC, 70, 71
Office for Outer Space Affairs, 220
Office of the Comptroller of the Currency, 70
Office of Thrift Supervision, 70
OJK, 140, 141, 142, 143, 173
OMNISPACE F-2, 252
ONIX Capital, 151
ONS, 45
Operation Twist, 60
ORBCOM, 252
Orbcomm, 209
Orbital Sciences Corporation, 237
Osbal Saragi Rumahorbo, 198
OSC, 237
OT, 60
OTC, xii, 58, 59
OTS, 70
Ousmène Jacques Mandeng, 27, 254
Overseas-Chinese Banking Corp Ltd, 109
Oxygen Multimedia Indonesia, 245, 248, 250
Pacific 2000 Investindo, 179
Pacific Exchange Rate Service, 31, 255
PACIFISAT, 247
PACIFISAT C/KU-2, 247
PACIFISAT KA-2 159E, 247
Pacome Revillon, 214, 230, 232, 233, 258
Padang, 156, 157, 163, 167, 182, 188, 193, 199, 201
Paksat 1, 237
Palapa, vi, xiv, 224, 237, 238, 240, 241, 245, 248, 250, 252
Palapa A1, 237
Palapa A2, 237
Palapa B1, 237
Palapa B2, 237
Palapa B2P, 237
Palapa B2R, 237
Palapa B3, 237
Palapa B4, 237
Palapa C1, 237
Palapa C2, xiv, 224, 237, 240
Palapa C-2, 238
Palapa D, 237, 240, 241
Palapa E, 237
Palapa N1, 237, 240, 241
Palapa Nusantara 1, 237
PALAPA PAC-C 146E, 236
Palapa Pacific 1, 237
PALAPA PACIFIC 144E, 236
Palapa Pacific-1, 237
Palapa Pacific-2, 237
PALAPA PAC-KU 146E, 236
Palapa Satelit Nusa Sejahtera, 240
Palapa TV Entertainment, 245, 248, 250, 252
PALAPA-B1, 236
PALAPA-B1-EC, 236
PALAPA-B2, 236
PALAPA-B3, 236
PALAPA-B3 TT&C, 236
PALAPA-B3-EC, 236
PALAPA-C1, 236
PALAPA-C1-B, 236
PALAPA-C1-K, 236
PALAPA-C2, 236
PALAPA-C3, 236
PALAPA-C3-K, 236
PALAPA-C4, 236
PALAPA-C4-A, 236
PALAPA-C4-B, 236
PALAPA-C4-K, 236
Palapa-N1, 241
Palembang, 156, 157, 163, 182, 189, 196, 198, 200
Pamong Praja, 154
Pamuji Gesang Raharjo, 175
Pangkal Pinang Vision, 245, 247, 248, 249, 250, 251
Pangreh Praja, 154
Papiermark, 38
Papua, 156, 238
Para Group, 172
Paris, 29, 36, 179, 203, 214, 258
Paser Media, 245, 248, 250
Pasifik Satelit Nusantara, 236, 240, 245, 247, 249
Patrick Blau, 218, 258
Paul Robson, 54
Paul Tudor Jones, 31
Paul White, 54
PBoC, 7, 24, 29
Pefindo, 111
Pegadaian, 102, 147, 148, 149, 176
Pekanbaru, 156, 157, 163, 173, 182, 198, 200
Pelindo I, 180
Pembangunan Perumahan, 147, 149
Pemeringkatan Efek Indonesia, 144
Pemerintah Republik Indonesia, 148
Penajam Multimedia, 245, 247, 248, 249, 250, 251
PER, 121
Permodalan Nasional Madani, 170
Pertamina, 147, 148, 149, 150, 168
Pertamina Lubricants, 147, 148
Pertamina Patra Niaga, 147, 149
Perth, 238
Perum Djawatan Angkoetan Motor Republik Indonesia, 147
Perusahaan Gas Negara, 147, 150
Perusahaan Listrik Negara, 102, 147, 148, 149, 150
Perusahaan Pengelola Aset, 174
peseta, 27
Philip Wooldridge, 54, 55, 254
Phillip Securities, 151
Phillips, xi, 44
Pindad, 147, 148, 149
Pindad Enjiniring Indonesia, 147, 148
Pintar Nusantara Sejahtera, 240
PKSS, 144
PLDT, 237
PLN, 29
PNG, 247, 252
Portuguese, 31, 36
Posen, 35, 40, 42, 43
Potemkin villages, 53
pound, 27, 33, 256
PP, 106, 154
PPATK, 176
PRC, 74, 255
President, 34, 36, 57, 63, 162, 167, 168, 172, 177, 178, 179, 181, 186, 187, 190, 191, 192, 254
Presley Hutabarat, 198
Prima Karya Sarana Sejahtera, 144
Primacom Interbuana, 245, 249
Prime Minister, 36, 40, 45
Priyastomo, 181, 182, 183, 184, 188
Proton, vi, xiii, 216, 218, 219, 237
Proton-K Blok-DM3, 237
Proton-M, vi, xiii, 216, 218, 219, 237
Proton-M Briz-M (Ph.2), 237
Proton-M Briz-M (Ph.3), 237
Protostar, 237
Prudential Life Assurance, 135
PSLV, 237
PSLV-G, 237
PSLV-XL, 237
PSN, 236, 237, 240, 241
PSN 5, 237
PSN 6, 237
PSN 7, 237
PSN-146E, 236
PSN-6, 241
PSN-7, 241
PSNS, 237, 240
PT PNS, 240
PTE, 31
Puti Adani, 151
QE, 5, 6, 60, 61, 253
quantitative easing, 5, 60, 61
Quantum, 31, 32
R. Denny Soelistyo Adji, 200
Rabobank, 47, 54
Rachmad Guntur Kristianto, 198
Raden Bei Aria Wirjaatmadja, 154
Radja Anambas Bersinar, 245, 248, 249, 251
Rahmi Sari Marina, 151
Rahul Mittal, 33, 254
Railink, 147, 150
Rainoc, 174
rand, 27
Randi Anto, 181, 182, 183, 184, 189
Rapat Dewan Gubernur, 9
RASCOM, 221
Raymond Kosasih, 151
RBS, 49, 54, 56, 253, 256
RCA, 69
RDG, 9
Reasuransi Indonesia Utama, 174
Regional African Satellite Communications Organization, 221
Registrar of Companies, 141
Rehabilitation and Reconstruction Agency for Aceh and Nias, 169
Reichsmark, 38
Rekayasa Industri, 147, 150
Reksa Dana Schroder Dana Prestasi, 135
renminbi, 27, 28
Rentenmark, 38
repo, 11, 20
Retno Wahyuni Wijayanti, 195
Reuters, 46, 50, 51, 60, 61, 253, 256
reverse repo, 20
RHB Securities, 151
rial, 27
Rianto Ahmadi, 142
Richard Jerry, 151
Ridwan Rizki Nasution, 179
riyal, 27
RM, 38, 187
ℛℳ, 38
RMB, xi, 27, 29, 30
Robeco Institutional Asset Mgmt BV, 137
Robert D. Matson, 219
Robert Diamond, 57
Robert McNaught, 219
Robert Parker, 41, 254
Robin Leigh-Pemberton, 39, 45, 254
root cause analysis, 69
Rosa M Abrantes-Metz, 49, 254
Roswita Nilakurnia, 141
Royal Bank of Canada, 47
Royal Bank of Scotland, 47, 49, 53
RP, 54, 233, 258
RP Martin, 54
RPI, 45
RPIX, 42, 45
RUB, 29
Rudjito, 144
Russia, 220, 221, 228, 247
Russian, 57, 221
Russian Academy of Sciences, 221
Ryndo Jaya Visual, 245, 247, 248, 249, 250, 251
S&P, viii, xii, 61, 62, 126, 127
Sahala Manalu, 141
Samuel Sekuritas Indonesia, 151
Sanjay Jain, 151
Santander UK plc, 47
Sanwa – BRI Finance, 143
Sanwa – BRI Leasing, 143
Sanwa Bank, 143
Saptono Siwi, 141, 192
SAR, 29, 209
Sarana Bersama Pembiayaan Indonesia, 144
Sarana Mukti Adijaya, 236
Sarana Multigriya Finansial, 95, 147, 148
Sarana Wana Jaya Foundation, 140
Sari Usaha Leasing, 143
Sarina Lesmina, 151
Saseka Finance, 172
Satelindo, 237
Satelit Palapa Indonesia, 237
Satellite Industry Association, 202, 205, 212, 214, 215, 224, 230, 258
SatKomHan 1, 237
Satkomindo, 144, 146
Satkomindo Mediyasa, 144, 146
Sauder School of Business, 31, 255
Saudi Arabia, 27, 135
Saudi Arabian Monetary, 135
SBI, 20
SBIS, 20
SBN, 20
SBSN, 20
Scapa Flow, 38
Schroder Indonesia, 135
Schroder Investment Management Indonesia, 136
Scott Nygaard, 49
Scott Peng, 50
SDBI, 20
SDR, vii, 27, 28, 30, 254
SEC, 70
Securities and Exchange Commission, 70
SEK, 29
Semarang, 156, 157, 163, 166, 171, 172, 182, 188, 189, 197, 198, 200
Sentral Multi Telemedia, 245, 247, 248, 249, 251, 252
Seoul, 29
SES, 237, 245, 246, 252
SES-7, 237, 252
SES-9, 245, 246, 252
SG, 131
SGD, 29
SGX, 46
Shearman and Sterling, 71
Shenzhen, 8
shilling, 27
Shinta Buana Vision, 245, 248, 249, 251, 252
SIA, 207, 208, 211, 212, 213, 258
Sichuan, 240
Sidimpuan Multimedia, 245, 248, 250, 252
Sigit Murtiyoso, 196
Sigma Cakrawala Multimedia, 245, 249, 250
Sinarmas Sekuritas, 151
Singapore, 29, 49, 81, 100, 101, 110, 135, 136, 155, 168, 252
Singkawang Vision, 245, 247, 248, 249, 251, 252
Sino Satellite Communications, 237
Sinosat 1, 237
Sis Apik Wijayanto, 181, 182, 183, 189
Sisfo Indonesia, 246, 249
Siswarin Dwi Hendarsapti, 142
SKK, 46
Skyreach, 246, 247, 249, 250
Slamet Sugiarto, 201
SNB, 61
Social Science Research Network, 49, 254
Société Générale, 33, 47, 53, 54
Sofyan Jalil, 167
SOG Indonesia, 246, 249
Sol Media Indonesia, 246, 247, 248, 249, 251, 252
Sony Harsono WS, 195
Soros, 23, 24, 31, 32, 34, 39, 256
South African, 27
Soviet Union, 220
Space Systems Loral, 241
Space Systems/Loral, 237, 238, 258
Space Transportation System, 237
Spacebus, 237
Spacebus-3000A, 237
Spacebus-4000B2, 237
Spacebus-4000B3, 237
SpaceX Falcon 9, 241
Spanish, 27, 31, 36
Spicer, 61
SPM, 9, 23, 53, 60
Sputnik 1, 220
Sr SLP, 237
Sri Mulyani Indrawati, 15
SSB, 135
SSL, xiv, 2, 3, 225, 237, 238, 253, 258
SSL-1300, 237
SSN, 220, 221
St. Louis Fed, 11
ST-1A, 252
ST-2, 242, 243, 244, 245, 246, 252
Stamford, 49
Standard Chartered Bank, 109, 110
standing facility, 17, 20
Stanley Druckenmiller, 32
Star-2 Bus, 237
State Council, 73, 74, 255
Stephan Hasjim, 151
sterling, 23, 25, 27, 28, 31, 32, 33, 34, 35, 36, 39, 40, 43, 256
Steven Drobny, 35, 255
Still, 61
STS, 237
STS-11 (PAM D), 237
STS-7 (PAM D), 237
stuffin.space, 216, 217
Stumpf, 71
Sucorinvest Central Gani, 151
Sue Lin Lim, 151
Sugeng Sudibjo, 142
Suindiyo, 177
Sukapraja Estetika Padang Golf, 144
Sukapraja Golf, 144
Sumihar Manullang, 200
Sumitomo Mitsui Banking Corp, 47, 109
Sun, 23
Sunarso, 181, 183, 184, 186
Sunuaji Noor Widiyanto, 176
Supardi Santoso, 196
Supari, 182, 193
Suprajarto, 181, 186
Surabaya, 140, 143, 156, 157, 163, 173, 182, 187, 188, 192, 193, 195, 196, 197, 198, 200
Surabaya Stock Exhange, 140
Suria Dharma, 151
Surya University, 241
Susy Liestiowaty, 181, 182, 183, 184, 190
Sutadi, 196, 199
Sutanto, 200
Sutardjo, 196
Sutarto Alimoeso, 167
Swedish, 27, 46
Swiss, 57, 100
Syahrir Nasution, 176
Syaiful Adrian, 151
Sydney, 29, 225, 258
Sydney Plavins, 225, 258
Syomin Ginko, 154
T.S. Kelso, 219, 258
Taiwan, 29, 141, 167
Tan Chi Min, 49
Tangara Mitrakom, 246, 247
TAS, 237
Taspen, 135
T-bill, xii, 11, 50, 51
Teguh P. Hartanto, 151
Telekomunikasi Indonesia, 147, 148, 168, 236, 246, 247, 252
Telekomunikasi Selular, 147, 150
Televisi Kabel Saluran Bintan Ceria, 246, 248, 249, 252
Telkom 1, xiii, 217
Telkom 2, xiii, 217
Telkom 3, vi, xiii, 216, 217, 218, 220, 258
Telkom MDI, 190
Telkom Metra, 190
Telkom-1, 237
TELKOM-108E, 236
Telkom-2, 237
Telkom-3, 216, 237
TELKOM-3EK, 236
Telkom-3S, 237
Telkom-4, 237
TELSTAR 18, 246, 247
Templeton Asset Management Ltd, 136
Tepian Multimedia, 246, 249, 250, 252
term deposit, 20, 47
Thaicom, 240
THAICOM-4C, 242, 251
THAICOM-IP1, 251
Thailand, 165, 251
Thales Alenia Space, 237, 240
THB, 29
Theo Waigel, 36
Thomas M. Havrilesky, 11, 254, 255
Thomas Youle, 49, 253
Thomson Reuters, 46, 47, 60, 61, 253
THURAYA-3, 244, 252
Tinodungan, 200
Titan Sarana Niaga, 146
Tjandra Lienandjaja, 151
Tjoekir Dasa Nusantara, 144
TLKM, 237
T-note, 20
Todd Morakis, 49
Toelangan Dasa Nusantara, 144
Toeloengredjo Dasa Nusantara, 144
Toelongredjo Dasa Nusantara, 144
Tokyo, 47, 49, 109, 110, 143, 220
Tolstedt, 71
Tonga, 247
TONGASAT, 247
TONGASAT AP-2, 247
TONGASAT AP-3, 247
TONGASAT C/KU-2, 247
TONGASAT C/KU-3, 247
TONGASAT-2/138E, 247
Toronto, 29
Totok Hermiyanto, 178
TPE, 237
TransPonder Equivalent, 237
Treasury bonds, 27
Treasury Secretary, 53
Treaty of Versailles, 38
Tri Wintarto, 201
Trimegah Securities, 151
TRY, 29
TU Berlin, 237
Tubagus Nur Ahmad Maulana, 177, 180
TU-Berlin, 237
Tubsat 7, 237
UAE, 252
UBS, xii, 47, 49, 51, 53, 54, 151, 254
UCS, 202, 204, 221, 258
UDAAP, 70
UFJ – BRI Finance, 143
UFJ Bank Ltd, 143
UK, i, xi, 23, 25, 33, 34, 35, 36, 39, 40, 42, 43, 44, 45, 46, 47, 53, 57, 136, 190, 221, 249, 252, 253
UN Committee on Space Research, 237
UN GA, 220
unfair, deceptive, abusive acts and practices, 70
Union of Concerned Scientists, 202, 204, 221, 258
UniSat, 237
UniSat ++, 237
United Overseas Bank Ltd, 109
Universal Satelit Indonesia, 237
University of British Columbia, 31, 255
UNOOSA, 220
UOB, 110, 151
UOB Kay Hian, 151
US, viii, x, xi, xii, xiii, 8, 11, 21, 22, 25, 27, 31, 38, 41, 45, 53, 56, 57, 60, 62, 63, 70, 71, 73, 74, 109, 110, 146, 171, 172, 194, 205, 212, 213, 220, 221, 228, 238, 255, 256, 257
US Space Surveillance Network, 220
US Strategic Command, 220, 221
US Treasury securities, 11
USA, 81, 165, 168, 169, 170, 178, 180, 187, 189, 195, 198, 200, 201, 249, 250, 251, 252
USASAT, 249, 250
USASAT-14G, 250
USASAT-14H, 249
USASAT-14I, 250
USASAT-14I-2, 250
USASAT-14I-3, 250
USASAT-14J, 250
USASAT-14J2, 250
USASAT-14K, 249
USASAT-55L, 250
USASAT-60B, 249
USASAT-60C, 250
USASAT-60H, 249
USASAT-60J, 250
USD, vii, xi, 25, 27, 29, 31, 34, 36, 38, 41, 43, 46, 47, 49, 51, 53, 54, 56, 58, 111, 146
UUS BRI, 139
Valbury Asia Securities, 151
Van Allen, xiv, 226, 227, 228
Vancouver, 31, 255
Vanguard, 135, 136, 137, 138
Victoria Duff, 11, 255
Vincentius S. Loho, 162, 163, 165, 182
Vincentius Sonny Loho, 164, 171, 175, 178
Visual Intermedia Prima, 246, 247, 248, 249, 250, 251, 252
Vladimir Putin, 57
Volksbank, 154
Wahyu Widodo, 200
Washington DC, 69, 202, 207, 254, 258
Waskita Beton Precast, 102, 147, 149
Waskita Karya, 102, 147, 148, 149, 150
Weimar, 38
Wells Fargo, xii, 57, 69, 70, 109, 254, 255, 257
Werner Antweiler, 31, 255
West LB, xii, 47, 51
Western Australia, 238
Westpac Banking Corp, 109
WFC, vii, 69, 70, 71, 72
White Wednesday, 34
Whitehouse, 49, 54
Whole Foods, 77, 254
Widjanarko Puspoyo, 167
Widodo Januarso, 198
Wijaya Karya, 147, 149, 150
Wijaya Karya Industri Energi, 147, 149
Wildan, 140
William Mamudi, 151
World Bank, 167
WSJ, 49, 50, 51, 73, 253
WW, 38, 44, 45
Xi LC-2, 237
Xichang Satellite Launch Center, 240
Xinnuo 1, 237
Yamal-402, 218, 258
Yana Soeprianan, 198
Yap Swie Cu, 151
Yayasan Danar Dana Swadarma Bank BNI, 144
Yayasan Kesejahteraan Karyawan Bank Bukopin, 144
Yayasan Kesejahteraan Karyawan Bank Indonesia, 144
Yayasan Kesejahteraan Pekerja BRI, 144
Yayasan Leuser Internasional, 167
yen, vii, 27, 28, 49, 54
Yen Interest Rate Derivatives, 53
YIRD, vii, 53, 54, 57
YKP BRI, 139, 142, 143, 144
YLI, 167
Yogyakarta, 103, 156, 157, 163, 166, 170, 176, 177, 182, 184, 186, 188, 189, 192, 193, 195, 196, 197, 198, 199, 200, 201
Yoshua Palti, 198
Yosriadi, 195
yuan, 24, 29, 30
Yuanta Securities Investment Consulting Co. Ltd, 151
Yue Wang, 78, 255
Zainuddin Mappa, 141
ZAR, 29
Zuhri Anwar, 141
Zulhelfi Abidin, 181, 182, 184, 190
ZX 5B, 237


https://view.publitas.com/p222-10819/targeting-companies-worth-rp-1000-trillion/


Advertisements