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,

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

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.

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

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

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

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).

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.

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

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

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

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.

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

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.

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.

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).

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

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

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

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

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.

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

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

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