Jakarta – The foreign exchange reserves have remained unchanged at $132.2 billion at the end of August from a month earlier, thanks to tax and oil and gas revenues, Bank Indonesia, the

Jakarta (Bisnis.com) – The Indonesian rupiah opened today's trade, September 6, with a gain on the US dollar.

Fajar Pebrianto, Jakarta – President Joko "Jokowi" Widodo has officially launched the Domestic Government Credit Card (KKP) and International QRIS (quick response Indonesia standard) pa

Jakarta – Bank Indonesia, the country's central bank, has decided to raise the benchmark interest rate by 25 basis points to 3.75 percent on Tuesday in a preemptive move to mitigate ris

Claire Jiao and Grace Sihombing – Indonesia's central bank unexpectedly raised borrowing costs for the first time since 2018 as policy makers conceded that inflation pressures have rise

Hendartyo Hanggi, Jakarta – Indonesia's foreign debt by the end of the second quarter (Q2) amounted to 403 US dollars, which is a reduction compared to the previous quarter which logged

Timor-Leste's Petroleum Fund (PF) was worth US$17.84 billion at the end of June, down from US$19.12 billion at the end of March, the central bank has announced.

Jakarta – Indonesia has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up a

Anwar Siswadi (Contributor), Jakarta – Research firm Populix has released its latest survey on consumers' preference for banking and e-wallet apps which found that 64 respondents own ba

Jakarta – The United States Federal Reserve's rate increase of 75 basis points on June 15 and its indication of another three-quarter-point hike in July still did not cause Bank Indones

Gayatri Suroyo and Stefanno Sulaiman, Jakarta – Indonesia's central bank left interest rates at a record low on Thursday, saying it was monitoring risks from rising inflation while down

Jakarta – Indonesia has raised $3.25 billion by selling U.S.

Jakarta (Reuters) – Indonesia's central bank announced on Tuesday more aggressive hikes in the reserve requirement ratio (RRR) for banks, expecting inflation to rise slightly above its

Claire Jiao – Indonesia's wealth fund may not reach its $200 billion goal in the time frame set out by the country's president, as it aims to ensure sufficient returns for the state bef

Bisnis, Jakarta – Former Indonesian vice president Jusuf Kalla on Sunday, April 17, revealed the challenge faced by any presidential candidate for the 2024 presidential election.

Triyan Pangastuti, Jakarta – Bank Indonesia, or BI, the country's central bank, has signaled to keep its benchmark interest rate steady at 3.5 percent, saying the fundamental domestic i

Dion Bisara, Jakarta – Crypto assets ownership in Indonesia was among the highest globally as many investors in the country look at digital assets as a protection against future inflati

Antara, Jakarta – Bank Indonesia (BI) reported a positive growth of economic liquidity or money supply in a broad sense (M2) in January 2022.

Mutia Yuantisya, Jakarta – Bank Indonesia (BI) and The Reserve Bank of Australia have agreed to renew the Bilateral Local Currency Swap Arrangement or BCSA.

Jakarta – Indonesia's central bank will review policy rate levels in the third quarter to head off any spike in inflation next year, Governor Perry Warjiyo said on Thursday, after it de

Jakarta – Indonesia's central bank will keep its key interest rate low until it sees signs of rising inflation, its deputy governor Dody Budi Waluyo told a seminar on Wednesday, adding

One of Indonesia's – and the world's – largest Islamic organizations has declared cryptocurrency as haram, or forbidden for Muslims.

Jakarta – Indonesian authorities have confiscated land and property assets from textile firm Texmaco Group, after the company failed to repay more than US$2 billion in debt since the la

Jakarta – Indonesia's government will sell 157 trillion rupiah (US$10.94 billion) of bonds to the central bank before the end of 2021 to utilise a fiscal deficit financing deal agreed i

Jakarta – Indonesia's central bank left interest rates at a record low on Thursday to support the economy's recovery from COVID-19 and said it sees no need to change its policy outlook

Bengaluru – Bank Indonesia is certain to hold interest rates steady on Thursday as inflation remains benign for now, according to economists in a Reuters poll who have brought fo

Yudith Ho and Fathiya Dahrul – Indonesia's stock benchmark is on course for a fresh record high on the back of signs of an economy recovery.

Arys Aditya (Bloomberg) – The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia's council of religious leaders.

Rr Ariyani Yakti Widyastuti, Jakarta – The East Java branch of one of Indonesia's largest Islamic organizations, Nahdlatul Ulama (NU), on Sunday announced its latest fatwa that deems th

Triyan Pangastuti, Jakarta – The Indonesian government claimed on Tuesday it has controlled 23.11 percent of global sharia bonds market by issuing a total of $23.65 billion worth of the

Jakarta – Indonesia's central bank kept its policy rates steady at record lows on Tuesday, saying the decision was in line with the need to support the economic recovery while keeping t

Asni Ovier, Jakarta – Indonesia will not follow China's footsteps in banning all cryptocurrencies transactions outright but looking into ways to make them less prone to be used in illeg

Faisal Maliki Baskoro, Jakarta – The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral

Dzulfiqar Fathur Rahman, Jakarta – Finance Minister Sri Mulyani Indrawati has called on commercial banks to ramp up loan disbursement and thereby support government efforts to revive In

Indonesia's central bank left its benchmark rate unchanged and pledged to maintain a "pro-growth" policy into next year as one of the most severe Covid outbreaks in the world puts the e

Mark Lempp, Jakarta – Delayed economic recovery is weighing on Indonesian companies and the state budget to heighten credit risk in a country that already compares unfavorably to other

Jakarta (Bloomberg) – Indonesia is left with few easy options to bolster its economy as a virus resurgence threatens its recovery at a time when it is seeking to rein in debt and the Un

A rise in religious conservatism in Indonesia is drawing talent away from what some view as "un-Islamic" jobs in banking, industry professionals say, creating hiring woes for convention

Bisnis, Jakarta – Bank Indonesia (BI) reported Tuesday, June 8, that Indonesia's foreign exchange reserves at the end of May-amounted to US$136.4 billion, which is a drop compared to th

Emma Connors, Singapore/Jakarta – Two well-known global institutional investors have backed Indonesia's new infrastructure-focused sovereign wealth fund, in what could be seen as an ear

Dzulfiqar Fathur Rahman, Jakarta – Bank Indonesia (BI) decided on Tuesday to hold its benchmark seven-day reverse repo rate at 3.5 percent amid a continually weakening rupiah and unusua

Jakarta – Indonesia's foreign debt until the first quarter (Q1) end of 2021 reached US$415.6 billion, or decreased 0.4 percent (qtq), from the external debt position recorded in the fou

Jakarta – Indonesian central bank's latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yi

Shotaro Tani, Tokyo – Indonesia's central bank has its hands tied by a slide in the rupiah.

Arys Aditya and Haslinda Amin – President Joko Widodo has set a $200 billion goal for Indonesia's new wealth fund in the next two to three years, aiming to fund his push for the resourc

Claire Jiao and Grace Sihombing – Indonesia's finance minister sought to dispel concerns over the future independence of the country's central bank, saying proposals to increase the mon

Grace Sihombing and Claire Jiao – Indonesia's central bank left its benchmark interest rate unchanged and pledged greater efforts to stabilize a currency that's weakening amid global ma

Jakarta (Bloomberg) – Indonesia is pursuing another attempt at increasing government influence in the decision-making and operations of its central bank, as well as expanding its abilit

Muhammad Hendartyo, Jakarta – The Finance Ministry recorded the government debt stood at Rp6,233.14 trillion at the end of January 2021.

Shotaro Tani, Jakarta – Indonesia's central bank lowered its benchmark interest rate for the first time in three months and lowered its growth outlook for this year, as the country cont