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Tuesday, November 01, 2005
  There's no accounting .....

Unlike the majority of my colleagues, my Idul Fitri holiday started today as my workplace, not theirs, is shut. Whoopee. A whole week off to chill, drink, eat loads and to get things done.

First off today was a visit to my bank because they're going to be shut for a whole week (whereas at Xmas they're going to be shut for a mere eleven days.)

I needed a wodge of cash for the monthly and Idul Fitri expenses that 'Er Indoors likes. The only problem was that the central computer of Bank Permata was down. Luckily the ATM outside was still functioning.

Next up was the simple procedure of opening an account for Our Kid. We feel that now he's 9, he's old enough to start managing his own money. His school friends already have an account they can add to and withdraw from.

I've got a personal account with Permata, so does 'Er Indoors and, with partners in Bali, we've got a company account. Adding one more to our portfolio should not be a problem, should it?

We were told that all they had were 'school fund' accounts, which we don't need, or joint accounts which we don't want (although obviously, as Our Kid is too young to have an I.D. card we'd have to be guarantors).

So it's off to Lippo Bank or Bank Rakyat Indonesia for that particular transaction.

Next up on the finance scene is a bill I've received from Matrix Indosat for the month's charges for a cellular phone. The only problem is that I don't have a cell phone, never had one and don't want one. Some folk call me a Luddite, but I prefer a degree of privacy. The use of regular landlines, emails and snail mail (and this blog) still work fine for me.

I do have an Indosat email account for the receipt of spam. I presume that my uncalled for bill fits within that category, even though it was delivered by a courier service. Incidentally, of all their listed payment methods ~ transfer, ATM, Internet etc. ~ there is no arrangement with Bank Permata, a government bank.

Of course, Indosat's "24 hours Call Center" (including the holiday) is permanently busy.

Maybe Indosat is trying to recover some of its lost profits but, hey, not at my expense, eh?.

Indonesia's second largest telecommuncation company, PT Indosat Tbk, posted a 32.8 percent decrease in its nine-month net profit this year to 1.02 trillion rupiah ($102 million), compared to the same period in 2004, the company said in a statement on Thursday (last week).

Indosat, 42 percent owned by Singapore's ST Telemedia, booked a 14.2 percent rise in its nine month revenue to 8.91 trillion rupiah from the comparable period in 2004.

And how much of that increase in revenue was ill-gotten?
 

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