City, My Thoughts

Pia Legong from Bali

A box on top of dining table looks not inviting. As I am not a huge fan of such snacks called 'pia' (something like dry cake) because bad taste brought by my friend from Semarang or Yogyakarta, so the box would not be touched by me unless told by my lovely wife.

She said that to buy this Pia Legong, you have to order 3 weeks prior pickup!! The producer is unable to catch huge demand of their product so the waiting list now is 3 weeks time. wow, this is quite a story to tell in my blog then.
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City, My Thoughts

Singapore Banks in Indonesia (a.k.a Who owns Indonesian Banks?)

When Singaporean travelling around Jakarta these days, they will be feeling like at home country Singapore. Easily can they find Singapore bank's logo in every corner of the city. As information, only 6 locally-incorporated full banks are operated in Singapore, each has strong fundamentals. But banks live in that tiny country must expand in order to keep growing.

After some mergers and acquisitions in Indonesia banks since 2000, some local banks have been acquired by foreign capital investors (read as Singapore's). Before 2007, those acquisitions were still on paper-based and management levels. But you can see in recent years that those banks one by one is changing their logos to inline with their motherships.

• Bank Buana, taken by United Overseas Bank, now become UOB Buana.
  
• Bank NISP, taken by Overseas-Chinese Banking Corporation, now become OCBC NISP
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• Bank Mitsubishi Buana, taken by Development Bank of Singapore (DBS Bank), now become DBS Indonesia
  
• Bank Danamon, taken by Asia Financial Indonesia (Deutche Bank + Temasek Singapore), still named Danamon.