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-

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

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

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

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

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.

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

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

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

Winda Destiana Putri, Jakarta – The government's outstanding debt has reached Rp 8,041 trillion ($518.8 billion) as of November 2023, yet a Finance Ministry official said on Tuesday tha

Jakarta – Indonesia has reduced its 2023 budget deficit significantly to 347.6 trillion rupiah ($22.48 billion), equivalent to 1.65 per cent of gross domestic product (GDP) based on una

Defara Dhanya Paramitha, Jakarta – The rupiah closed up by 18 points to trade for 15,399 per US dollar at the close of this year's trade on Friday, December 24, 2023.

Jakarta – The Indonesia Stock Exchange (IDX) Composite (IHSG) was back in the green on Friday, surging by 0.39 percent, or 27.90 points, to close at 7,237.52 ahead of the vice president

Jakarta – Indonesia's central bank held policy rates steady on Thursday to support the rupiah and keep inflation at bay, but indicated there was room for monetary easing in the second h

Jakarta – The Indonesia Stock Exchange (IDX) Composite marked a new record high on Friday when it closed at 7,190.9, up 14.9 points, or 0.21 percent, surpassing its previous record of 7

Jakarta – The Indonesia Stock Exchange (IDX) Composite (IHSG) concluded Thursday's trading session at 7,176.02, gaining 1.42 percent or 100.67 points.

Jakarta – Bank Indonesia (BI) has reported that the volume of transactions using Quick Response Indonesian Standard (QRIS) codes has exceeded its year-long target.

Jakarta – President Joko "Jokowi" Widodo has criticized the nation's banks for holding large quantities of government bonds and Bank Indonesia (BI) monetary instruments rather than lend

Jakarta – A total of 331,000 millennials and Gen Zs in Indonesia find themselves trapped in non-performing online loans amounting to Rp 675.14 billion ($43.55 million).

Aditya Hadi, Jakarta – Growth of third-party funds in the banking sector has slowed further, continuing a trend that began early this year.

Deni Ghifari, Jakarta – President Joko "Jokowi" Widodo has asked banks to not hesitate in giving loans to businesses, hoping this could help increase money circulation and boost economi

Aditya Hadi, Jakarta – Analysts have hailed new regulations and guidance from the Financial Services Authority (OJK) that aim to further the development of sharia banking in Indonesia t

Vinnilya Huanggrio, Jakarta – The Indonesia Stock Exchange (IDX) has recorded a noteworthy increase in individual investors, reaching 11.9 million in the current year as opposed to 10.3

Jakarta – Indonesia's central bank kept interest rates unchanged on Thursday (Nov 23), as expected, despite renewed volatility in the rupiah exchange rate as investors speculate over th

Singapore – Singapore and Indonesia launched cross-border payment services Friday, the countries' central banks said, as part of a regional drive to boost connectivity.

Jakarta – Indonesia will in stages lower the maximum interest rates charged by financial technology (fintech) firms in the microfinance sector, amid complaints that overly high rates ha

Jayanty Nada Shofa, Jakarta – Bank Indonesia announced Tuesday that the country's foreign exchange reserves stood at $133.1 billion as of the end of Oct., down from $134.9 billion in th

Jakarta – Emerging economies can rest easy, at least for now, after the Federal Reserve decided at its Nov.

Jakarta – The Indonesia Stock Exchange (IDX) Composite closed up on Thursday, gaining 108.97 points or 1.64 percent to 6,751.39.

Jakarta – According to the Futures Exchange Supervisory Board (Bappebti), Indonesia had 17.91 million cryptocurrency investors as of September, marking a 0.67 percent increase from the

Jakarta – The Indonesia Stock Exchange (IDX) Composite index reversed Wednesday's gains by closing 1.75 percent lower on Thursday at 6,714.51.

Jakarta – The financing realization of debt issuance as of September 2023 reached Rp 198.9 trillion (US$12.5 billion).

Jakarta – The Finance Ministry aims to synchronize monetary and fiscal policies to prevent the rising United States dollar from jeopardizing the nation's financial system.

Aditya Hadi, Jakarta – Indonesian banks booked 8 percent year-on-year growth in loan disbursement in June, according to data from the Financial Services Authority (OJK).

Arnoldus Kristianus, Faisal Maliki Baskoro, Jakarta – The rupiah exchange rate has dropped to its lowest point since the Covid-19 pandemic, driven by global economic uncertainties and t

Gayatri Suroyo and Stefanno Sulaiman, Jakarta – Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah's decline amid U.S.

Jakarta – Indonesia's combined foreign debt, including both government and private sector obligations, decreased to $395.1 billion in August, down from $397.1 billion the previous month

Deni Ghifari, Jakarta – A rising United States dollar is putting pressure on other currencies and has sent the Indonesian rupiah to its lowest level this year.

Defara Dhanya Paramitha, Jakarta – Bank Indonesia (BI) is taking measures to anticipate the propagation of global crises in Indonesia.

Jakarta – Peer-to-peer lending platform AdaKami questioned media reports and widespread social media posts alleging that one of its customers had committed suicide due to an inability t

Devayani Sathyan – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% on Thursday and for the rest of the year to maintain the stability of the rupiah currency, simi

Arnoldus Kristianus, Jakarta – Indonesia on Tuesday unveiled the National Task Force for Local Currency Transactions, a strategic initiative aimed at reducing the country's reliance on

Aditya Hadi, Jakarta – Buy now, pay later (BNPL) schemes, which are an increasingly popular way to complete payments for purchases after the transaction date, have led to a rise in nonp

Jayanty Nada Shofa, Jakarta – Indonesia – the world's largest Muslim-majority country – reported that its Sharia-compliant finance assets had totaled hundreds of billions of American do

Antara, Jakarta – Bank Indonesia (BI) recorded foreign capital outflows from the domestic financial market of Rp4.51 trillion in the period 21-24 August 2023.

Deni Ghifari, Jakarta – At its latest monthly monetary meeting, which ended on Thursday, Bank Indonesia (BI) decided to keep its benchmark interest rate unchanged for the seventh consec

Arnoldus Kristianus, Jakarta – Bank Indonesia Governor Perry Warjiyo said on Friday that the banknotes issued by the central bank in 2022 have been named the best in the world for their

Yohana Belinda, Jakarta – Bank Indonesia (BI) has launched a trial to connect its QR-based payment system to Singapore's.

Jauhari Mahardhika, Jakarta – Indonesia's foreign debt registered at $396.3 billion during the second quarter of the year, marking a marginal decrease from $403.2 billion in the precedi

Amelia Rahima Sari, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati stated that the government has withdrawn a debt of Rp194.9 trillion as of July 2023.