Jakarta – Indonesia and Japan have agreed on a local currency settlement deal that will allow both countries to use the rupiah and the yen to settle bilateral trade and direct investme

Jakarta – Bank Indonesia announced Friday the country's foreign reserves were down slightly to $126.6 billion in November from $126.7 billion in the previous month.

Indonesia's Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan, one of the most senior figures in President Joko Widodo's cabinet, says he's optimistic that the rup

Diana Mariska, Jakarta – Market segment expansion is key for financial technology, or fintech, companies to survive in Indonesia, a practitioner in the sector said on Wednesday.

Adrian Wail Akhlas, Jakarta – The disbursement of bank loans grew only 6.53 percent year-on-year (yoy) in October, the slowest pace since 2016, according to the Financial Services Auth

Maikel Jefriando and Tabita Diela, Jakarta – Excess liquidity in Indonesia's banking system and weak demand for credit could lead to more bad loans, a regulatory official warned on Fri

Harry Suhartono and Tassia Sipahutar – Fears among retail investors about some of their mutual-fund investments have triggered a sell-off in Indonesian stocks, with the nation's benchm

Eisya A. Eloksari, Jakarta – Indonesia's sharia financial committee hopes to quadruple the nation's sharia bank assets over the next five years.

Riska Rahman, Jakarta – Bank Indonesia (BI) decided to maintain the seven-day reverse repo rate on Thursday at 5 percent after it cut the key rate by 25 basis points (bps) in October i

Dion Bisara, Jakarta – Bank Indonesia, the country's central bank, decided on Thursday to keep its benchmark interest rate at 5 percent, ending a series of cuts in the past four months

Muhammad Hendartyo, Jakarta – Bank Indonesia (BI) noted the state's foreign debt at the end of the Q3/2019 was US$395.6 billion; comprising of US$197.1 billion government and central b

Riska Rahman, Jakarta – Indonesia's Islamic finance rank has improved exponentially this year, but challenges remain to further develop the sharia economy.

Jakarta – The government plans to reduce the annual interest rate for its microcredit program (KUR) from 7 percent to 6 percent per year starting Jan. 1, 2020.

Aditya L.

Marchio Irfan Gorbiano, Jakarta – Indonesia's foreign exchange (forex) reserves rose to US$126.7 billion in October, the highest level in 20 months, driven by the government's global b

Jakarta – Indonesian President Joko Widodo on Wednesday urged bank executives to help stimulate the economy with cuts in lending rates and loans to small and medium firms, as authoriti

Beritasatu TV, Jakarta – President Joko "Jokowi" Widodo has asked Indonesian banks to cut their lending rates to accelerate growth after Bank Indonesia, the central bank, gradually low

Farid Firdaus, Jakarta – The central bank has assured businesses that it is committed to deploying all monetary and macroprudential instruments at its disposal to maintain growth in th

Primus Dorimulu, Jakarta – The Indonesia Stock Exchange has seen the fastest growth in Asia over the past five years and gained 42 new listings so far this year, bringing the total to

Diana Mariska, Jakarta – Most middle-class Indonesians still have a low level of financial literacy, security and inclusion compared with their peers in the Asia-Pacific region, a new

Jakarta – Indonesia's central bank cut interest rates for the fourth month in a row on Thursday (Oct 24) as Southeast Asia's biggest economy looks to counter slowing global growth.

Jakarta – Bank Indonesia, the country's central bank, has cut its benchmark interest rate by 25 basis points to 5 percent, the fourth time it has done so in the past four months, in an

Jakarta – The rupiah continued to gain ground against the US dollar on Tuesday following news reports that President Joko "Jokowi" Widodo has picked a number of professional figures fo

Jakarta – Finance Minister Sri Mulyani Indrawati has called on Indonesian companies to exercise caution and be wary of the risk of default amid potential for a global economic slowdown

Harry Suhartono and Tassia Sipahutar – Foreign investors pared their holdings of Indonesian stocks as escalating political demonstrations added to worries of a slowdown in Southeast As