Jakarta open to lifting ban against JPMorgan, says finance minister

Jakarta

INDONESIA may soon lift a ban on government entities doing business with JPMorgan Chase & Co, a year after the US investment bank was shunned over negative comments about the stock market.

Any future business cooperation between the two sides will be based on "trust and respect", Indonesia's Finance Minister Sri Mulyani Indrawati said in an interview on Oct 27. She didn't outline a time frame for lifting the restriction.