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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Indonesia premier to address nation over bank deal AFP - Thursday, March 4 Send IM Story Print Indonesia premier to address nation over bank deal JAKARTA (AFP) - – Indonesian President Susilo Bambang Yudhoyono is expected to adress the nation Thursday after parliament called for a criminal probe into a controversial bank bailout two years ago. "The president will deliver a speech at 8 pm (1300 GMT) at the state palace," presidential spokesman Julian Aldrin Pasha was quoted as saying by Detikcom news website, without giving any further details. More than half the country's lawmakers voted Wednesday for an investigation into Vice President Boediono and Finance Minister Sri Mulyani Indrawati for authorising a 724-million-dollar rescue package for Bank Century in 2008. The two most respected economic figures in Yudhoyono's cabinet have been under intense pressure after the country's top auditor last year found strong indications of "violations" in the bailout. The 325 lawmakers in the 560-seat parliament accused the pair of "abuse of power" in the bailout, which they say caused huge losses for the state. The decision, backed by the government's coalition partners Golkar and the Muslim-based Prosperous Justice Party, will put Yudhoyono in a difficult position as it will force him to decide between retaining his two colleagues or preventing his coalition from disintegrating. Yudhoyono, a liberal ex-general, was re-elected in 2009 on promises to root out corruption, which riddles every aspect of Indonesian public life from the courts to the customs office. Indonesians have staged demonstrations over the bailout, and on Tuesday stick-wielding protesters hurled stones and bottled water at police, who responded with tear gas and water cannon. Recommend Send IM Story Print Related Articles SCENARIOS-What might Nakheel 2010 bondholders be offered? Reuters - 48 minutes ago Stock futures little changed after jobless claims Reuters - 2 hours 40 minutes ago US STOCKS SNAPSHOT-Wall St pare gains; Nasdaq turns negative Reuters - 51 minutes ago African poverty falling "faster than we thought" Reuters - 53 minutes ago Japan's TTC eyes construction of Sudan-Kenya oil pipeline Reuters - 54 minutes ago News Search Top Stories Greece issues bond, raises IMF appeal as strikes hit Scientists find early dinosaur cousin New weekly US jobless claims fall ECB holds key rate at one percent Europe's economic recovery stalls: EU More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Chile quake moved Earth's axis, shortened days: scientist New weekly US jobless claims fall Greece issues bond, raises IMF appeal as strikes hit NASA radar finds ice on moon's north pole ECB holds key rate at one percent More Most Viewed » Chile quake moved Earth's axis, shortened days: scientist Florida killer whale to stay in park after deadly attack DNA reveals some mystery on King Tut, raises questions Scientists recreate Big Bang heat of 4 tln degrees C First footage of clouded leopard captured in Borneo More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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