Energy firm PT Medco Energi International (MEDC) has allocated US$500 million for capital expenditure in oil, gas and power plant projects in 2011.
MEDC vice president for investor relations Nusky Suyono said the company will borrow money from banks to supply 70 percent of the capital expenditure and use its own funds to cover the rest.
“We will spend $254 million for oil and gas exploration,” Nusky said Wednesday, as quoted by kontan.co.id.
State bank PT Bank Negara Indonesia has allocated Rp 520 billion (Rp 57.7 million) daily for its automated teller machines (ATM) during the Christmas and New Year’s holiday.
Usually BNI prepares Rp 400 billion daily for ATMs.
“We have increased the cash amount for ATMs by up to 30 percent, or to Rp 520 billion, every day during the holiday,” Tachi Basyir, the BNI public relations officer, told The Jakarta Post in Jakarta on Friday.
BNI has 4,400 ATMs across the country, excluding 10,000 ATM links and 15,000 ATM bersama
According Tachi, BNI has also strengthened security around ATMs using information technology
“The BNI command center will also monitor the ATMs,” Tachi said
Over the weekend, several BNI branches will be open for limited transactions, such as withdrawals and transfers between BNI accounts.
