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
Banking & Finance
December 6, 2019
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.
December 4, 2019
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.
November 30, 2019
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
November 29, 2019
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
November 22, 2019
Eisya A. Eloksari, Jakarta – Indonesia's sharia financial committee hopes to quadruple the nation's sharia bank assets over the next five years.
November 21, 2019
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
November 15, 2019
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
November 13, 2019
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.
November 8, 2019
November 7, 2019
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
November 6, 2019
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
November 1, 2019
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
October 31, 2019
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
October 30, 2019
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
October 24, 2019
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 – 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.
October 22, 2019
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
October 2, 2019
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
September 30, 2019
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