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
Banking & Finance
November 23, 2023
November 17, 2023
Singapore – Singapore and Indonesia launched cross-border payment services Friday, the countries' central banks said, as part of a regional drive to boost connectivity.
November 10, 2023
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
November 7, 2023
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
November 6, 2023
Jakarta – Emerging economies can rest easy, at least for now, after the Federal Reserve decided at its Nov.
November 2, 2023
Jakarta – The Indonesia Stock Exchange (IDX) Composite closed up on Thursday, gaining 108.97 points or 1.64 percent to 6,751.39.
October 27, 2023
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
October 26, 2023
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).
October 25, 2023
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.
October 23, 2023
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).
October 20, 2023
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
October 19, 2023
Gayatri Suroyo and Stefanno Sulaiman, Jakarta – Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah's decline amid U.S.
October 16, 2023
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
October 6, 2023
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.
October 5, 2023
Defara Dhanya Paramitha, Jakarta – Bank Indonesia (BI) is taking measures to anticipate the propagation of global crises in Indonesia.
September 23, 2023
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
September 19, 2023
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
September 5, 2023
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
September 4, 2023
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
August 30, 2023
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
August 26, 2023
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.
August 25, 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
August 18, 2023
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.
August 15, 2023
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
August 12, 2023
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.
August 6, 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
August 1, 2023
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
July 26, 2023
Prisma Ardianto, Jakarta – Tech company GoTo, a merger between Gojek and Tokopedia, launched its digital payment app called GoPay on Wednesday.
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
July 24, 2023
Yohana Belinda, Jakarta – Indonesia has established its own exchange, clearing house and depository for cryptocurrencies.
July 20, 2023
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
July 14, 2023
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
July 10, 2023
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
July 9, 2023
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.
July 6, 2023
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
June 22, 2023
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
June 20, 2023
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.
June 14, 2023
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
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
June 9, 2023
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.
May 30, 2023
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
May 23, 2023
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
May 16, 2023
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.
May 10, 2023
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.
April 19, 2023
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