Arys Aditya – Bank Indonesia lowered banks' reserve requirement ratios, seeking to shore up liquidity after concerns over the economic impact of coronavirus triggered a selloff in the
Banking & Finance
Displaying 551 - 600 of 869 Documents
March 2, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) will "intensify intervention" to stabilize the local financial market by buying government bonds and the rupiah amid heavy selling pre
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) announced Monday five measures to stabilize the rupiah as foreign investors sold off Indonesian financial assets from stocks to bonds
Beritasatu, Jakarta – The Indonesia Stock Exchange, or IDX, stopped short selling at the local burse on Monday, seeking to stave off a further decline in the stock market caused by pan
Riska Rahman and Esther Samboh, Jakarta – Indonesia's stock index extended losses before reversing to gains on Monday morning trade, after a market rout sent the gauge to its worst mon
February 28, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond markets so far this month as big sell-offs sent stock markets around
Riska Rahman, Jakarta – Indonesia's benchmark stock index plunged deeper on Friday, trading down more than 4 percent during the morning session and prompting the bourse operator to cal
February 27, 2020
Riska Rahman and Prima Wirayani, Jakarta – The Jakarta Composite Index (JCI) nosedived to a level unseen since March 2017 on Thursday afternoon amid fears over the spread of COVID-19,
February 21, 2020
Riska Rahman, Jakarta – Bank Central Asia (BCA), Indonesia's biggest private lender by market value, has lowered its loan growth target for this year, arguing that the coronavirus outb
February 20, 2020
Jakarta – The central bank decided to cut its benchmark rate on Thursday in the wake of a global coronavirus outbreak it believed would trigger a short-term slowdown in the economy in
Riska Rahman, Jakarta – The House of Representatives has called for the Supreme Audit Agency (BPK) to conduct investigative audits on state-owned insurers to assess their investment ma
February 17, 2020
Riska Rahman, Jakarta – Publicly listed state lender Bank Tabungan Negara's (BTN) profits plummeted by more than 90 percent last year as nonperforming loans and costs of funds rose ami
February 7, 2020
Adrian Wail Akhlas, Jakarta – The country's foreign exchange (forex) reserves rose to near record-high levels in January at US$131.7 billion owing to foreign inflows from global bonds
Adrian Wail Akhlas, Jakarta – The novel coronavirus outbreak has pushed investors to leave the country's financial markets, resulting in a foreign outflow of about Rp 11 trillion (US$8
February 6, 2020
Riska Rahman, Jakarta – Bank Indonesia (BI) has injected about Rp 25 trillion (US$1.82 billion) into the country's financial markets as investors sell off assets over fears that the ra
February 5, 2020
Adrian Wail Akhlas, Jakarta – The Financial Services Authority (OJK) is planning to reform the regulation and supervision of the nonbank financial industry following the revelation of
February 3, 2020
Gayatri Suroyo and Fransiska Nangoy, Jakarta – Bank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stab
Adrian Wail Akhlas, Jakarta – Indonesia recorded annual inflation of 2.68 percent in January in applying a new formula for calculating its consumer price index (CPI), Statistics Indone
January 31, 2020
Riska Rahman, Jakarta – The Jakarta Composite Index (JCI) slipped 1.5 percent during morning trade on Friday as fears over the spread of the new coronavirus were suspected of having af
January 29, 2020
Made Anthony Iswara, Jakarta – State-owned steelmaker Krakatau Steel has received approval from its creditors to restructure its loans totaling US$2 billion (Rp 27 trillion) by, among
Made Anthony Iswara, Jakarta – The government has pinned its hopes on a new agreement that is expected to encourage thousands of companies to list their shares on the local stock excha
January 27, 2020
Riska Rahman, Jakarta – Credit ratings agency Fitch Ratings announced on Friday that it affirmed Indonesia's long-term foreign and local currency issuer default rating at "BBB with a s
Jakarta – Finance minister Sri Mulyani Indrawati said the government would establish an agency that would back up insurance policies to ensure payouts after financial issues at some lo
Adrian Wail Akhlas, Jakarta – Indonesia's stock market took a tumble on Monday as world shares took a hit from investor concerns over the economic impact of China's spreading coronavir
January 25, 2020
Riska Rahman, Jakarta – State-owned Bank Mandiri booked almost 10 percent profit growth in 2019, although the figure was lower than in 2018 due to slowing loan growth.
January 23, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has decided to hold its benchmark interest rate at 5 percent amid a plunge in loan growth and improvements in the global and domestic
Jakarta – The Indonesian Ombudsman has formed a team to investigate the Financial Service Authority (OJK) amid growing complaints from the public against the financial watchdog's poor
January 21, 2020
Jakarta – The House of Representatives' Commission XI, which oversees financial affairs, has announced the establishment of a working committee to monitor the financial services indust
January 16, 2020
Jakarta – The Jiwasraya scandal is a reflection of how atrocious monitoring of financial services in this country. Investor trust in financial markets could rapidly dissipate.
Riska Rahman, Jakarta – President Joko "Jokowi" Widodo has called for reform in the country's financial services companies to improve the public's trust following cases that rocked the
Lona Olavia, Jakarta – Indonesian banking loan expansion is set to recover this year after experiencing a significant slowdown in 2019, with completion of key infrastructure projects a
January 15, 2020
Riska Rahman, Jakarta – Bank Indonesia (BI) recorded a slower foreign debt growth last November as the government and private sector repaid the principal due during the month while the
January 14, 2020
Sarah Yuniarni, Jakarta – The capital market in Indonesia is at an interesting crossroads.
Marchio Irfan Gorbiano, Jakarta – Bank Indonesia (BI) is expected to continue with its dovish monetary policy this year to encourage Gross Domestic Product (GDP) growth amid low inflat
Jakarta – Newly appointed Financial Services Authority (OJK) ex-officio commissioner Suahasil Nazara says he aims to strengthen the agency's supervision of both the banking and nonbank
January 9, 2020
Jakarta – The government welcomes Chinese investment despite concerns that the country could fall into a debt trap.
January 8, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves rose to US$129.2 billion in December, the highest level in 22 months, driven by inflows from the oil and gas
January 3, 2020
Investor Daily, Jakarta – Capital flow to Indonesia totaled Rp 224,2 trillion, or $16 billion, throughout last year – likely to bring the country's balance of payment into positive ter
January 2, 2020
Novy Lumanauw, Jakarta – President Joko "Jokowi" Widodo called the Indonesian capital market authorities to toughen measures against market manipulations on Thursday, in his first comm
December 31, 2019
Jakarta – Indonesia Stock Exchange (IDX) has handled fewer initial public offerings (IPOs) in 2019 as it welcomed 55 newcomers to the bourse, down from 57 firms listing last year.
December 27, 2019
Diana Mariska, Jakarta – Bank Indonesia, the country central bank, has collaborated with the customs office to implement an integrated system that will reconcile incoming and outgoing
December 19, 2019
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) held the nation's benchmark interest rate steady at 5 percent on Thursday after cutting the policy rate by a total of 100 basis points
December 16, 2019
Jakarta – Flag carrier Garuda Indonesia is seeking to raise up to $900 million from issuing dollar-denominated Islamic bonds, private placement or peer-to-peer lending next year.
December 13, 2019
Daniel Moss – When even Indonesia starts talking about relaxing deficit rules, you know government spending is back in vogue as a remedy for faltering economic growth.
December 12, 2019
Aldi Adrian Hartanto – Indonesian startups have been at the center of attention in Southeast Asia for the last few years.
December 10, 2019
Maikel Jefriando, Jakarta – Indonesia's central bank is working to further relax lending rules and may further trim interest rates after this year's four rate cuts, as it continues to
Marchio Irfan Gorbiano, Jakarta – President Joko "Jokowi" Widodo has said that he wants the government's microcredit program (KUR) to be channeled to more productive sectors so that th
December 9, 2019
Karlis Salna – Indonesia has entered "a new norm" of historically low inflation, according to a senior central bank official, possibly portending an era of lower interest rates.
Diana Mariska, Jakarta – Indonesia may face challenging credit conditions in the next two years due to slow GDP growth, according to an outlook on the national economy released by cred
December 6, 2019
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