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June 14, 2024

Jakarta Globe - June 14, 2024

Arnoldus Kristianus, Jakarta – The Indonesian rupiah weakened against the US dollar, reaching Rp 16,400 on Friday, its lowest point since the pandemic era in April 2020.

June 12, 2024

Jakarta Post - June 12, 2024

Jakarta – The Indonesia Stock Exchange (IDX) Composite fell 0.08 percent on Wednesday to finish the trading day at 6,850.09.

May 28, 2024

Jakarta Globe - May 28, 2024

Thresa Sandra Desfika, Jakarta. Agoes Projosasmito, 68, has made his way into the top five of Indonesia's richest individuals, according to Forbes' Real-Time Billionaires List.

Jakarta Globe - May 28, 2024

Nida Sahara, Jakarta – The Financial Services Authority (OJK) revealed that the total value of assets in Sharia-based financial businesses stood at approximately Rp 2,500 trillion ($155

May 22, 2024

Jakarta Globe - May 22, 2024

Monique Handa Shafira, Jakarta – The Deposit Insurance Corporation (LPS) has paid out Rp 300 billion in deposit claims to customers of 11 small banks that went bankrupt in 2024.

May 15, 2024

Jakarta Globe - May 15, 2024

Thresa Sandra Desfika, Jakarta – The geopolitical tensions in the Middle East have significantly impacted the Indonesian stock market (IDX), causing the Jakarta Composite Index to decli

May 8, 2024

Jakarta Globe - May 8, 2024

Indah Handayani, Jakarta – Indonesia's foreign exchange reserves dropped from $140.4 billion in March to $136.2 billion the following month, according to Bank Indonesia.

Tempo Editorial - May 8, 2024

Jakarta – The OJK releases a new regulation obliging banks to increase their capital. This anticipates a threat to the banking sector as a result of volatile geopolitics.

May 4, 2024

Jakarta Globe - May 4, 2024

Faisal Maliki Baskoro, Jakarta – The Indonesian stock market reached the Rp 12 trillion ($740.6 billion) milestone this week, with inflation remaining within Bank Indonesia's target.

May 2, 2024

Jakarta Globe - May 2, 2024

Faisal Maliki Baskoro, Jakarta – The Commodity Futures Trading Regulatory Agency (Bappebti) reported a significant surge in cryptocurrency transactions in Indonesia in March 2024.

April 30, 2024

Jakarta Globe - April 30, 2024

Grace el Dora, Jakarta – The rupiah weakened further against the dollar in Tuesday's trading.

April 26, 2024

Jakarta Post - April 26, 2024

Jakarta – The Indonesian Stock Exchange (IDX) Composite closed significantly lower on Friday, dropping by 119.21 points, 1.67 percent, to 7,036.07, the new lowest point this year.

April 25, 2024

Jakarta Globe - April 25, 2024

Vinnilya, Jakarta – The Indonesia Stock Exchange (IDX) saw a drop in the Composite Stock Price Index at the opening of Thursday's trading session, falling to 7,176 and briefly touching

April 24, 2024

Jakarta Globe - April 24, 2024

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) increased the benchmark BI-Rate by 25 basis points to 6.25 percent, citing escalating geopolitical tensions in the Middle East and ris

April 19, 2024

Jakarta Post Editorial - April 19, 2024

Jakarta – The changing tide of the rupiah's interaction with the United States dollar has put Bank Indonesia (RI) between a rock and a hard place.

Jakarta Globe - April 19, 2024

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) reported that Indonesia's Foreign Debt (ULN) stood at $407.3 billion in February 2024, showing a 1.4 percent year-on-year increase.

April 17, 2024

Channel News Asia - April 17, 2024

Jakarta – Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to gr

April 16, 2024

Bloomberg - April 16, 2024

Melbourne – Bank Indonesia (BI) stepped in to support the rupiah after the currency weakened past 16,000 per US dollar for the first time in four years.

April 15, 2024

Tempo - April 15, 2024

Yudono Yanuar, Jakarta – The depreciating trend of the rupiah against the US dollar persisted in the recent week.

April 5, 2024

Al Jazeera - April 5, 2024

Bali and Jakarta, Indonesia – Late last year, Balinese woman Nih Lu Putu Rustini got the shock of her life when she tried to withdraw cash from an ATM to complete a renovation project a

April 4, 2024

Reuters - April 4, 2024

Stefanno Sulaiman, Gayatri Suroyo and Ananda Teresia, Jakarta – President-elect Prabowo Subianto will be prudent in fiscal management and uphold laws that limit public debt and annual b

April 1, 2024

Tempo - April 1, 2024

Antara, Jakarta – The Financial Services Authority (OJK) announced on Sunday that the banking credit relaxation stimulus, which was provided to ease the impact of the COVID-19 pandemic,

March 27, 2024

Jakarta Post - March 27, 2024

Tenggara Strategics, Jakarta – The financially troubled Indonesian Export Financing Agency (LPEI), known as Indonesia Eximbank, has suffered from another round of bad debts, resulting f

March 20, 2024

Jakarta Globe - March 20, 2024

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has opted to keep its benchmark interest rate, known as the BI Rate, unchanged at 6 percent, in line with analysts' projections.

March 16, 2024

Jakarta Globe - March 16, 2024

Indah Handayani, Jakarta – Fitch Ratings has affirmed Indonesia's credit rating at 'BBB' with a stable outlook.

March 12, 2024

Jakarta Post Editorial - March 12, 2024

Jakarta – While neither the International Monetary Fund (IMF) nor the World Bank prescribes a universal cap for the budget deficit or government debt for prudent fiscal management, Indo

March 7, 2024

Jakarta Globe - March 7, 2024

Arnoldus Kristianus, Mumbai – Bank Indonesia (BI) continues to reduce its dependence on the US dollar (de-dollarization) by forging a partnership with the Reserve Bank of India (RBI).

Jakarta Globe - March 7, 2024

Faisal Maliki Baskoro, Jakarta – Indonesia's foreign exchange reserves stood at $144.0 billion (Rp 2.255 trillion) at the end of February 2024, maintaining robust levels despite a sligh

February 28, 2024

Tempo - February 28, 2024

Amelia Rahima Sari, Jakarta – The Finance Ministry reported that as of January 31, 2024, the Indonesian government's debt had reached Rp8,253.09 trillion.

February 27, 2024

Jakarta Globe - February 27, 2024

Arnoldus Kristianus, Jakarta – As of January 2024, the Finance Ministry has recorded the Indonesian government's debt at Rp 8,253.09 trillion ($528 billion), constituting 38.75 percent

February 24, 2024

Jakarta Globe - February 24, 2024

Prisma Ardianto, Jakarta – The amount of individual and corporate savings in Indonesia totaled Rp 2,668.9 trillion ($171 billion) in January, an increase of 4.2 percent from the same mo

February 23, 2024

Jakarta Globe - February 23, 2024

Jakarta – Indonesia's balance of payments posted a $6.3 billion surplus in 2023, according to Bank Indonesia.

February 22, 2024

Tempo - February 22, 2024

Jakarta – The Indonesian banking sector remains attractive to foreign investors, according to Dian Ediana Rae, the Banking Supervisory Executive Head at the Financial Services Authority

Jakarta Globe - February 22, 2024

Arnoldus Kristianus, Jakarta – The government has issued state bonds amounting to Rp 107.6 trillion ($6.9 billion) to fund the state budget as of January 31.

February 21, 2024

Agence France-Presse - February 21, 2024

Hong Kong, China – HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax profits soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

Jakarta Globe - February 21, 2024

Faisal Maliki Baskoro, Jakarta – Bank Indonesia (BI) decided to keep the benchmark interest rate at 6 percent during the Board of Governors Meeting on Feb.

February 20, 2024

Tempo - February 20, 2024

Annisa Febiola, Jakarta – In less than two months into 2024, the Financial Services Authority or OJK had revoked the business permits of four rural banks (BPR).

February 14, 2024

Jakarta Post - February 14, 2024

Deni Ghifari, Jakarta – The rupiah has strengthened since the beginning of February and hit a monthly high on the eve of the presidential election.

February 8, 2024

Bloomberg News - February 8, 2024

Matthew Burgess, Ruth Carson and John Cheng – Indonesia successfully overcame its Fragile Five days and survived a risky money-printing exercise to become a key emerging market for inve

February 6, 2024

Jakarta Globe - February 6, 2024

Faisal Maliki Baskoro, Jakarta – Indonesia's largest banks posted positive results as the country's economy continued its recovery in the post-pandemic era.

February 1, 2024

Reuters - February 1, 2024

Ankur Banerjee, Singapore – Indonesian markets, after a period of relative calm, are showing signs of concern about the prospect of a drawn out national election and the possibility of

January 31, 2024

Jakarta Globe - January 31, 2024

Jakarta – Bank Mandiri announced on Wednesday that it had achieved a record-high net profit of Rp 55.1 trillion ($3.5 billion) in 2023, reflecting robust growth of 33.7 percent year-on-

January 26, 2024

Jakarta Globe - January 26, 2024

Monique Handa Shafira, Jakarta – The Finance Ministry's Directorate General of State Assets (DJKN) has introduced new rules allowing foreign nationals (WNAs) to take part in government

January 18, 2024

Jakarta Globe - January 18, 2024

Monique Handa Shafira, Jakarta – The central bank has allocated funds amounting to Rp 260 trillion ($16.63 billion) ahead of major celebrations, including the 2024 elections, Ramadan, a

January 15, 2024

Jakarta Globe - January 15, 2024

Faisal Maliki Baskoro, Jakarta – Bank Indonesia (BI) announced that as of November 2023, Indonesia's foreign debt (ULN) has reached $400.9 billion (Rp 6,231 trillion), reflecting a 2.0

January 11, 2024

Jakarta Post Editorial - January 11, 2024

Jakarta – The most recent election debate, which had our presidential candidates spar over foreign and defense policy last Sunday, at one point veered off into a heated exchange about d

January 10, 2024

Jakarta Globe - January 10, 2024

Rizky Ramadhan, Jakarta – The Financial Services Authority (OJK) has successfully shut down operations of 2,248 illegal online loans (pinjol) and 40 illegal investments in 2023.

January 7, 2024

Jakarta Globe - January 7, 2024

Trista Nagel, Herman, Jakarta – Presidential candidate Prabowo Subianto said on Sunday Indonesia has never failed to repay its debt and that no one should worry about the national sover

January 4, 2024

Jakarta Globe - January 4, 2024

Indah Handayani, Jakarta – According to data from the Commodity Futures Trading Regulatory Agency (Bappebti), the total number of cryptocurrency investors in Indonesia reached 18.25 mil

Jakarta Globe - January 4, 2024

Monique Handa Shafira, Jakarta – Trade Minister Zulkifli Hasan estimates that e-commerce transactions will reach Rp 533 trillion ($34.41 billion) in 2023, a 10.69 percent increase compa