Asni Ovier, Jakarta – Indonesia will not follow China's footsteps in banning all cryptocurrencies transactions outright but looking into ways to make them less prone to be used in illeg

Faisal Maliki Baskoro, Jakarta – The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral

Dzulfiqar Fathur Rahman, Jakarta – Finance Minister Sri Mulyani Indrawati has called on commercial banks to ramp up loan disbursement and thereby support government efforts to revive In

Indonesia's central bank left its benchmark rate unchanged and pledged to maintain a "pro-growth" policy into next year as one of the most severe Covid outbreaks in the world puts the e

Mark Lempp, Jakarta – Delayed economic recovery is weighing on Indonesian companies and the state budget to heighten credit risk in a country that already compares unfavorably to other

Jakarta (Bloomberg) – Indonesia is left with few easy options to bolster its economy as a virus resurgence threatens its recovery at a time when it is seeking to rein in debt and the Un

A rise in religious conservatism in Indonesia is drawing talent away from what some view as "un-Islamic" jobs in banking, industry professionals say, creating hiring woes for convention

Bisnis, Jakarta – Bank Indonesia (BI) reported Tuesday, June 8, that Indonesia's foreign exchange reserves at the end of May-amounted to US$136.4 billion, which is a drop compared to th

Emma Connors, Singapore/Jakarta – Two well-known global institutional investors have backed Indonesia's new infrastructure-focused sovereign wealth fund, in what could be seen as an ear

Dzulfiqar Fathur Rahman, Jakarta – Bank Indonesia (BI) decided on Tuesday to hold its benchmark seven-day reverse repo rate at 3.5 percent amid a continually weakening rupiah and unusua

Jakarta – Indonesia's foreign debt until the first quarter (Q1) end of 2021 reached US$415.6 billion, or decreased 0.4 percent (qtq), from the external debt position recorded in the fou

Jakarta – Indonesian central bank's latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yi

Shotaro Tani, Tokyo – Indonesia's central bank has its hands tied by a slide in the rupiah.

Arys Aditya and Haslinda Amin – President Joko Widodo has set a $200 billion goal for Indonesia's new wealth fund in the next two to three years, aiming to fund his push for the resourc

Claire Jiao and Grace Sihombing – Indonesia's finance minister sought to dispel concerns over the future independence of the country's central bank, saying proposals to increase the mon

Grace Sihombing and Claire Jiao – Indonesia's central bank left its benchmark interest rate unchanged and pledged greater efforts to stabilize a currency that's weakening amid global ma

Jakarta (Bloomberg) – Indonesia is pursuing another attempt at increasing government influence in the decision-making and operations of its central bank, as well as expanding its abilit

Muhammad Hendartyo, Jakarta – The Finance Ministry recorded the government debt stood at Rp6,233.14 trillion at the end of January 2021.

Shotaro Tani, Jakarta – Indonesia's central bank lowered its benchmark interest rate for the first time in three months and lowered its growth outlook for this year, as the country cont

Shotaro Tani, Jakarta – Indonesian President Joko Widodo on Tuesday named the head of a domestic bank to lead the country's planned $15 billion sovereign wealth fund.

Kyunghoon Kim, KCL – Indonesia is establishing a sovereign wealth fund (SWF) in the coming weeks.

Novy Lumanauw & Jayanty Nada Shofa, Jakarta – President Joko "Jokowi" Widodo recently announced Indonesia will soon have its largest Islamic bank, Bank Syariah Indonesia or BSI, to

Jakarta – Indonesia's central bank kept key interest rates unchanged at a record low on Thursday, as expected, holding fire after providing a bout of monetary stimulus last year to supp

Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange reserves reached its second-highest annual record in December 2020, rising to US$135.9 billion, driven by tax collection and t

Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt rose to US$413.4 billion in October driven by higher borrowings by the private sector and the government, Bank Indonesia (BI) anno