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.

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.

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

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

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

Eisya A. Eloksari, Jakarta – Indonesia's sharia financial committee hopes to quadruple the nation's sharia bank assets over the next five years.

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

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

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

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.

Aditya L.

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

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

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

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

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

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.

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 – 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

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

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

Riska Rahman, Jakarta – Foreign investors are preferring Indonesian bonds over stocks amid signs of slowing global economic activities, Financial Services Authority (OJK) data shows.

Jakarta – The Deposit Insurance Corporation (LPS) announced on Tuesday a cut in its guaranteed interest rates for both rupiah and foreign currency-denominated savings and deposits foll

Riska Rahman and Prima Wirayani, Jakarta – The Jakarta Composite Index (JCI), the main gauge of the Indonesia Stock Exchange (IDX) fell sharply in Tuesday's trading as protests against

Abdul Aziz, Jakarta – Foreign investors owned 45.83 percent of Indonesian government securities as of Tuesday, the highest in history, according to data from the Ministry of Finance.

Jakarta – Bank Indonesia, the country's central bank, continues its dovish monetary stance by cutting its benchmark interest rate by a further 25 basis points to 5.25 percent on Thursd

Marchio Irfan Gorbiano, Jakarta – Indonesia's foreign exchange (FX) reserves increased to US$126.4 billion in August, the most since February last year, prolonging an upward trend that

Jakarta – The Indonesian currency gained slightly against the US dollar on Monday despite a decline in share prices in regional markets amid fears of an escalation in the trade war bet

Maikel Jefriando, Tabita Diela, Jakarta – Indonesia's central bank, hoping it can spur faster growth at home despite a global slowdown, surprisingly cut its key interest rate for a sec

Paulina Quintao – Member of the Commission D (Economic and Development issues) of the National Parliament, MP Mariano Assanami Sabino said the banking system in Timor-Leste is too weak

Marchio Irfan Gorbiano, Jakarta – Indonesia's external debt level was up about 10 percent year-on-year (yoy) in the second quarter due to a significant increase in government net borro

Faisal Maliki Baskoro, Jakarta – Indonesia's financial regulator has set a target of 5 million domestic investors in the country's financial market by 2021 to reduce reliance on foreig

Marchio Irfan Gorbiano, Jakarta – Indonesia posted a balance of payments deficit in the second quarter of this year amid heightened demand for foreign exchange as a result of dividend

Jakarta – Indonesia plans to relax bank merger rules to encourage more consolidation in the sector in Southeast Asia's biggest economy crowded with dozens of small lenders, a senior of

Aichi Halik & Dion Bisara, Jakarta – The Indonesian Ombudsman asked the central bank and the country's financial regulator on Monday to launch an in-depth investigation into abnorm

Jakarta – Bank Indonesia cut its benchmark interest rate by 25 basis points to 5.75 percent on Thursday in anticipation of expected policy easing by the United States and other develop

Jakarta – The rupiah strengthened 0.54 percent to 13,932 per US dollar at 12: 15 p.m. on Monday from 14,008 on Friday.

Jakarta – The rupiah weakened against the US dollar on Friday, with the exchange rate standing at Rp 14,085 per US dollar on the spot market at 10 a.m., 0.12 percent lower than its pos

Jakarta – The government is to start fining people who violate a new regulation intended to force exporters to keep their foreign exchange earnings from natural resources in the Indone

Riska Rahman, Jakarta – The stock market and the rupiah showed no significant reaction on Friday morning to the Constitutional Court's ruling approving the reelection of President Joko

Riska Rahman, Jakarta – The Indonesian Public Accountant Institute (IAPI) has asked that state-owned airline PT Garuda Indonesia restate its 2018 financial report.

Gayatri Suroyo, Maikel Jefriando, Jakarta – Indonesia's central bank held its policy interest rate unchanged on Thursday, but moved to cut the reserve requirement for banks and said it

Jakarta – Indonesia's foreign exchange reserves fell to their lowest level in four months at the end of May, after the government serviced its external debt.

Marchio Irfan Gorbiano, Jakarta – Indonesia booked month-to-month (mtm) inflation of 0.68 percent in May, higher than the 0.44 percent registered in April, as an uptick in demand durin

Jakarta – After upgrading Indonesia's sovereign rating to BBB from BBB- with stable outlook, Standard & Poor's (S&P) Global Ratings has also looked into the long-term debt rati

Jakarta – Global rating agency Standard & Poor's has raised Indonesia's sovereign credit rating by a notch on Friday, just a week after the re-election of reform-minded President J