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Displaying 1 - 50 of 478 Documents

January 20, 2022

Coconuts Jakarta - January 20, 2022

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

December 23, 2021

Reuters - December 23, 2021

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

December 21, 2021

Reuters - December 21, 2021

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

December 16, 2021

Reuters - December 16, 2021

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

December 13, 2021

Reuters - December 13, 2021

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

November 11, 2021

Al Jazeera - November 11, 2021

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

Bloomberg News - November 11, 2021

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.

October 28, 2021

Tempo - October 28, 2021

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

October 26, 2021

Jakarta Globe - October 26, 2021

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

October 19, 2021

Reuters - October 19, 2021

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

September 25, 2021

Jakarta Globe - September 25, 2021

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

September 9, 2021

Jakarta Globe - September 9, 2021

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

August 4, 2021

Jakarta Post - August 4, 2021

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

July 22, 2021

Bloomberg News - July 22, 2021

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

July 19, 2021

Jakarta Post - July 19, 2021

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

June 22, 2021

Straits Times - June 22, 2021

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

June 21, 2021

Al Jazeera - June 21, 2021

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

June 8, 2021

Tempo - June 8, 2021

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

June 6, 2021

Australian Financial Review - June 6, 2021

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

May 25, 2021

Jakarta Post - May 25, 2021

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

May 23, 2021

Antara News - May 23, 2021

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

April 21, 2021

Jakarta Globe - April 21, 2021

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

April 20, 2021

Nikkei Asia - April 20, 2021

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

April 7, 2021

Bloomberg - April 7, 2021

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

March 24, 2021

Bloomberg News - March 24, 2021

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

March 18, 2021

Bloomberg - March 18, 2021

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

March 13, 2021

Straits Times - March 13, 2021

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

February 26, 2021

Tempo - February 26, 2021

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

February 18, 2021

Nikkei Asia - February 18, 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

February 16, 2021

Nikkei Asia - February 16, 2021

Shotaro Tani, Jakarta – Indonesian President Joko Widodo on Tuesday named the head of a domestic bank to lead the country's planned $15 billion sovereign wealth fund.

February 12, 2021

East Asia Forum - February 12, 2021

Kyunghoon Kim, KCL – Indonesia is establishing a sovereign wealth fund (SWF) in the coming weeks.

January 25, 2021

Jakarta Globe - January 25, 2021

Novy Lumanauw & Jayanty Nada Shofa, Jakarta – President Joko "Jokowi" Widodo recently announced Indonesia will soon have its largest Islamic bank, Bank Syariah Indonesia or BSI, to

January 21, 2021

Reuters - January 21, 2021

Jakarta – Indonesia's central bank kept key interest rates unchanged at a record low on Thursday, as expected, holding fire after providing a bout of monetary stimulus last year to supp

January 8, 2021

Jakarta Post - January 8, 2021

Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange reserves reached its second-highest annual record in December 2020, rising to US$135.9 billion, driven by tax collection and t

December 15, 2020

Jakarta Post - December 15, 2020

Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt rose to US$413.4 billion in October driven by higher borrowings by the private sector and the government, Bank Indonesia (BI) anno

December 10, 2020

Jakarta Post - December 10, 2020

Riska Rahman, Jakarta – The Asian Development Bank (ADB) has approved a US$500 million loan to support Indonesia's effort to expand access to funding for micro, small and medium enterpr

December 8, 2020

Jakarta Post - December 8, 2020

Riska Rahman and Arya Dipa, Jakarta/West Java – The Financial Services Authority (OJK) expects the newly passed Job Creation Law to help spur the issuance of municipal bonds and sukuk a

November 27, 2020

Jakarta Post - November 27, 2020

Riska Rahman, Jakarta – Fundraising on the Indonesian stock market is expected to increase next year, Deloitte Indonesia has said, as more small and medium enterprises (SMEs) and state-

November 17, 2020

Jakarta Post - November 17, 2020

Adrian Wail Akhlas, Jakarta – Foreign debt has risen in the third quarter of the year, due to the government's samurai bond issuances and borrowed funds from multilateral organizations

November 16, 2020

Jakarta Post - November 16, 2020

Yunindita Prasidya, Jakarta – Blue chip stocks, or the so-called big caps, will benefit from foreign capital inflow, seen by the local stock exchange following the United States electio

October 30, 2020

Jakarta Post - October 30, 2020

Adrian Wail Akhlas, Jakarta – President Joko "Jokowi" Widodo said he aimed to realize the full potential of the country's sharia financial industry by merging state-owned sharia banks,

October 16, 2020

Jakarta Post - October 16, 2020

Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt rose by the end of August as the government borrowed funds from multilateral organizations to cover the country's fiscal deficit,

October 15, 2020

Nikkei Asia - October 15, 2020

Toru Takahashi, Bangkok – While a so-called omnibus law has sparked ongoing protests in Indonesia, another move shows President Joko Widodo's government and the legislature trying to tu

October 14, 2020

Jakarta Post - October 14, 2020

Riska Rahman, Jakarta – The government has started the process of merging three state-owned banks' sharia subsidiaries, creating the country's biggest sharia bank and one of the top-10

October 13, 2020

Jakarta Globe - October 13, 2020

Dion Bisara, Nida Sahara, Jakarta – The State-Owned Enterprises Ministry seeks to merge three Islamic banks under the state-controlled lenders to establish a new $14.5 billion entity th

October 7, 2020

Jakarta Post - October 7, 2020

Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves dropped by US$1.8 billion in September to $135.2 billion, mainly due to the government's foreign debt payment

October 5, 2020

Jakarta Post - October 5, 2020

Yunindita Prasidya, Jakarta – The possible amendments to the 1999 and 2004 Bank Indonesia (BI) Laws and the issuance of a regulation in lieu of law (Perppu) on financial system reform m

October 2, 2020

Jakarta Globe - October 2, 2020

Arnoldus Kristianus, Jakarta – The government has projected that Indonesia's debt to gross domestic product ratio, a gauge for the country's ability to pay off its debt, to increase to

October 1, 2020

Jakarta Post - October 1, 2020

Adrian Wail Akhlas, Jakarta – Indonesia is looking to raise Rp 5 trillion (US$337 million) from a new series of government retail bonds, the Finance Ministry announced on Tuesday, as it

September 18, 2020

Jakarta Post - September 18, 2020

Riska Rahman, Jakarta – State-owned banks have collectively disbursed Rp 88 trillion (US$5.94 billion) in working capital loans using funds placed in them by the government, with almost