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

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 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

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

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

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.

Indah Handayani, Jakarta – The Indonesia Stock Exchange (IDX) witnessed a decrease in its market capitalization, dipping below the Rp 10,000 trillion ($658.5 billion) threshold during t

Deni Ghifari, Jakarta – The government has highlighted longstanding tax incentives and other policies that seek to lighten the burden on exporters that keep their earnings in country, a

Jakarta – Indonesia is developing a scheme for banks to provide a financing facility for exporters who keep their earnings onshore, after business groups complained that new rules made

Prisma Ardianto, Jakarta – Tech company GoTo, a merger between Gojek and Tokopedia, launched its digital payment app called GoPay on Wednesday.

Yohana Belinda, Jakarta – Indonesia has established its own exchange, clearing house and depository for cryptocurrencies.

Jakarta – The government will soon enforce a regulation that requires companies exporting mining, plantation, forestry and fishery products to repatriate their export earnings and keep

Aditya Hadi, Jakarta – Finance Minister Sri Mulyani Indrawati and her Indian counterpart, Nirmala Sitharaman, discussed a proposal to settle bilateral transactions with local currencies

Arnoldus Kristianus, Jakarta – The Indonesian government obliges exporters of natural resources to keep at least 30 percent of their foreign exchange revenues at local financial institu

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Prisma Ardianto, Jakarta – The House of Representatives has selected Agusman and Hasan Fawzi to fill two key posts as commissioners at the Financial Services Authority, or OJK, for the

Nasori, Jakarta – Indonesia's foreign exchange reserves have experienced a slight decrease of $1.8 billion, reaching $137.5 billion in June compared to the previous month.

Muhammad Ghafur Fadillah, Jakarta – President Joko "Jokowi" Widodo has nominated four candidates to fill two key vacant positions at the Financial Services Authority (OJK) to the House

Indah Handayani, Jakarta – The number of investors in crypto assets has increased by 23 percent to 17.4 million as of May when compared to the same month last year, according to data fr

Indah Handayani, Jakarta – Bank Indonesia decided on Thursday to retain the benchmark interest rate at 5.75 percent in "continued efforts to stabilize the rupiah exchange rate" and curb

Jayanty Nada Shofa, Jakarta – The government expressed confidence on Tuesday that will meet the target for the debt relief program despite a slow start in the first half of the year.

Arnoldus Kristanus, Jakarta – Finance Minister Sri Mulyani said on Tuesday the government is decentralizing fiscal policies to promote social justice and improve government services for

Moh Khory Alfarizi, Jakarta – The Indonesian Finance Ministry's Directorate General of Financing and Risk Management's Director of Government Bonds, Deni Ridwan, on Wednesday, said owne

Investor Daily, Jakarta – Bank Indonesia reported the country's foreign exchange (forex) reserves dropped to $139.3 billion in May from April's $144.2 billion.

Ni Komang Erviani, Jakarta – The Bali administration has warned foreign tourists visiting the popular resort island against making cryptocurrency payments, with the governor, I Wayan Ko

Amelia Rahima Sari, Jakarta – The Finance Minister's special staffer for strategic communications, Yustinus Prastowo, stated that the government debt principal and interest rates differ

Andra Nasrie – Bank Syariah Indonesia (BSI), the largest Islamic bank in Indonesia, was reportedly hit by a ransomware attack that disrupted its services for several days.

Moh Khory Alfarizi, Jakarta – Head economist of Bank Permata, Josua Pardede, on Tuesday, said wealthy people with savings of over Rp5 billion as of March this year grew 9.63 percent.

Amelia Rahima Sari, Antara, Jakarta – The Center of Economic and Law Studies (Celios) expert on economy Bhima Yudhistira in a statement on Wednesday revealed the benefits and dis

Jakarta – Bank Indonesia (BI) reported recently that its foreign exchange reserves rose by more than US$5 billion from February to the end of March, reaching US$145.2 billion, a level s

Vincent Fabian Thomas, Jakarta – Indonesia has responded cautiously to the idea of creating an Asian Monetary Fund as a way to reduce the region's reliance on the United States dollar.

Jayanty Nada Shofa, Jakarta – Islamic finance is on the rise in Indonesia, but the country must not miss this chance to pave the way for its dream of becoming the world's largest center

Jayanty Nada Shofa, Jakarta – Indonesia has witnessed a sixfold growth in its fintech scene with the number of fintech players growing from only 51 in 2011 to 334 in 2022, according to

Jakarta – It took Bank Indonesia (BI) less than a week to follow up on the President's warning about Indonesia's dependence on foreign credit card networks.

Antara, Jakarta – The rupiah slumped at the Jakarta Interbank Spot Dollar Rate [JISDOR] this morning, March 27, with growing market concerns that the banking crisis still has the potent

Vincent Fabian Thomas, Jakarta – Bank Indonesia (BI) says it will introduce a domestic credit card system allowing for greater independence and lower fees, as transactions are settled l