Vincent Fabian Thomas, Jakarta – Bank Indonesia (BI) has decided to raise its benchmark rate by another 50 basis points (bps) in a move to bring down domestic inflation and to safeguard
Banking & Finance
November 18, 2022
November 17, 2022
Jakarta – Indonesia's central bank raised its key interest rate by 50 basis points for a third consecutive month on Thursday, saying it will strengthen its response to "high" inflation
November 14, 2022
Vincent Fabian Thomas, Jakarta – Indonesian mutual funds are down some 10 percent this year, as global rate hikes and new domestic regulations push money elsewhere.
November 1, 2022
Jakarta – Indonesia Stock Exchange, or IDX, the country's sole securities bourse, has been working toward developing a carbon exchange system to support the government's initiative to e
October 25, 2022
Jakarta – It is safe to say the government has made better decisions that have kept the country's economy afloat amid a war and global inflation this year.
October 20, 2022
Vincent Fabian Thomas, Jakarta - – An omnibus bill finalized by the House of Representatives last month looks to bring sweeping changes to some 15 laws on the financial sector.
Triyan Pangastuti, Jakarta – Bank Indonesia on Thursday decided to raise the benchmark interest rate by 50 points to 4.75 percent in a "preemptive measure" to tame inflation.
October 17, 2022
Bisnis, Jakarta – The rupiah starts off this week still with a depreciation against the US dollar.
Arrijal Rachman, Jakarta – Bank Indonesia or BI announced that Indonesia's external debt had declined again in August 2022.
October 12, 2022
Tenggara Strategics, Jakarta – The House of Representatives concluded a plenary meeting on Sept.
October 4, 2022
Jakarta – The Bank Indonesia (BI) Board of Governors decided at its monthly meeting last week to raise its policy rate (7-Day Reverse Repo Rate or 7-DRRR) by 50 basis points to 4.25 per
September 29, 2022
Arrijal Rachman, Jakarta – Indonesia's debt at the end of August this year has reached a total of Rp7,236.61 trillion, which is a 1.01 percent increase compared to July by logging Rp7,1
September 23, 2022
Prisma Ardianto, Jakarta – Indonesia's peer-to-peer lending industry is set to expand its loan disbursement by 70 percent to $16.6 billion this year, thanks to the high demand from the
September 22, 2022
Grace Sihombing and Claire Jiao – Indonesia's central bank delivered a bigger-than-expected interest rate hike to cool inflation that it now expects to surpass 6% this year amid a weake
September 21, 2022
Anant Chandak, Bengaluru – Bank Indonesia will follow a surprise August interest rate rise with another 25 basis point hike at its meeting on Thursday, still moving more slowly than mos
September 15, 2022
Jakarta – Bank Indonesia or BI recorded the country's foreign debt position at US$400.4 billion, or around Rp5,964 trillion, at the end of July 2022.
September 13, 2022
Arrijal Rachman, Jakarta – Bank Mandiri team of economists estimates that the growth of bank lending in Indonesia in 2022 will not reach double digits, which is mainly due to the impact
September 7, 2022
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
September 6, 2022
Jakarta (Bisnis.com) – The Indonesian rupiah opened today's trade, September 6, with a gain on the US dollar.
August 29, 2022
Fajar Pebrianto, Jakarta – President Joko "Jokowi" Widodo has officially launched the Domestic Government Credit Card (KKP) and International QRIS (quick response Indonesia standard) pa
August 23, 2022
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
August 15, 2022
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
August 10, 2022
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.
July 22, 2022
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
July 6, 2022
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
June 24, 2022
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
June 23, 2022
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
May 26, 2022
Jakarta – Indonesia has raised $3.25 billion by selling U.S.
May 24, 2022
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
May 4, 2022
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
April 18, 2022
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.
April 14, 2022
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
April 4, 2022
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
February 23, 2022
Antara, Jakarta – Bank Indonesia (BI) reported a positive growth of economic liquidity or money supply in a broad sense (M2) in January 2022.
February 21, 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.
February 10, 2022
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
January 26, 2022
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
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
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
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
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
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
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.
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
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
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
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
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