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

Jakarta – The Jakarta Composite Index (JCI) strengthened 61.93 points to 6,095.07 before the morning trading session closed at midday on Wednesday but the rupiah weakened as the United

Jakarta – Bank Indonesia (BI) has acknowledged that the rupiah exchange rate against the US dollar was still affected by external factors, particularly negotiations between the United

Jakarta – The Jakarta Composite Index (JCI) rose to 6,029.58 in the first trading session on Thursday, 1.51 percent or 89.95 points higher than its position the previous day, after sec

Jakarta – The rupiah's depreciation continued on Monday, when it fell to 14,478 to the United States dollar from Rp 14,469 on Friday.

Bambang Nurbianto, Jakarta – The Finance Ministry announced that the state budget deficit had reached Rp 101 trillion (US$6.97 billion) as of April this year, compared to the deficit o

Jakarta – The rupiah is moving toward Rp 15,000 per United States dollar as it was quoted at Rp 14,444 per US dollar or 0.57 percent lower than the previous day, according to the Jakar

Tassia Sipahutar, Jakarta – Indonesian equities slumped Monday, erasing this year's gains, as foreign funds pulled out of the local market.

Jakarta – A network of credit card salespeople and bank employees have been trading the personal information of bank customers and credit card holders with each other in an effort to m

Jakarta – Indonesia saw its foreign exchange reserves dip in April as the government continues paying off its overseas debts.

Adam Triggs, Febrio Kacaribu and Jiao Wang, Jakarta – Rising interest rates, an appreciating US dollar and tighter global financial conditions are squeezing firms and households throug

Jakarta – A Bank Indonesia survey has shown slow growth in loan demand in the first quarter of 2019, but the central bank projects faster growth in the second quarter.

Jakarta – Several banks have said they have been able to reduce the number of nonperforming loans (NPLs) in the first quarter through various measures including more selective disburse

Marchio Irfan Gorbiano, Jakarta – Foreign exchange reserves strengthened in March to US$124.5 billion, up from $123.3 billion in the previous month, on the back of improved foreign exc

Jakarta – The government has raised Rp 223.97 trillion (US$15.76 billion) from the auction of conventional and sharia government debt papers implemented along the first quarter of 2019

Fadli, Batam – Bank Indonesia (BI) in cooperation with the Indonesian Navy is distributing cash to the country's 116 outermost islands to help prevent the use of foreign currencies in

Jakarta – The rupiah was quoted at Rp 14,122 per US dollar at 10:27 a.m. on Thursday, having strengthened 0.46 percent since Wednesday, according to the foreign exchange spot market.

Jakarta – Bank Indonesia (BI) revealed on Friday that Indonesia's foreign debt reached US$383.3 billion in January a rise of 7.2 percent year-on-year (yoy) compared to January 2018, wh

Marchio Irfan Gorbiano, Jakarta – The issuance of foreign-denominated global bonds by the government has contributed to strengthening the country's foreign exchange reserve position, B

Jakarta – The rupiah exchange rate dropped to Rp 14,224 per US dollar at 10:22 a.m.

Jakarta – The profits of small banks, which are known as Book I and II banks, have grown slowly since 2015 because they cannot compete with large lenders.

Winny Tang, Jakarta – Mergers and acquisitions in Indonesia's banking industry are projected to flourish this year as foreign investors, mainly from Japan and South Korea, have begun t

Riska Rahman, Jakarta – The government plans to launch a financial deepening program comprising tax incentives for several investment instruments to attract more long-term investors an

Jakarta – The Indonesian government paid Rp 22.99 trillion (US$1.64 billion) of its debt interest that was due in January, or 8.33 percent of the debt interest payment target it set in

Marchio Irfan Gorbiano, Jakarta – Indonesia's external debt increased in 2018 amid rising foreign capital inflows toward the end of the year.

Jakarta – The Trade Ministry's Futures Exchange Supervisory Board (Bappebti) has issued four regulations that treat crypto assets as commodities.

Jakarta – The rupiah continued to weaken on Monday, falling to Rp 14,005 per United States dollar at 10 a.m.

Marchio Irfan Gorbiano, Jakarta – Indonesia welcomed 2019 with stable foreign exchange reserves, Bank Indonesia (BI) announced on Thursday, while economists said more favorable externa

Jakarta – The Finance Ministry has issued a new regulation on a new tax incentive that reduces interest income taxes for exporters that place their foreign exchange earnings as fixed d

Rachmadea Aisyah, Jakarta – The financial services sector has yet to become a main engine for economic growth, but it has the potential to do so, according to joint research from the N

Riska Rahman and Marchio Irfan Gorbiano, Jakarta – The rupiah may have overcome its toughest period last year, but a problem still persisted in the current account deficit, which could

Cindy Silviana, Jakarta – Indonesia will finalize in May a plan to put four state banks under a holding company, marking the sector's biggest shake-up since the Asian financial crisis

Jakarta – Bank Indonesia (BI) Governor Perry Warjiyo has said that under the current exchange rate, the rupiah was still undervalued and could, therefore, further strengthen against th

Jakarta – The Financial System Stability Committee (KSSK) has said Indonesia's economy faces several risks this year, such as continuing trade and current account deficits and liquidit

Jakarta – Finance Minister Sri Mulyani Indrawarti has responded to criticism of swelling government debt, which reached Rp 4.42 quadrillion (US$313.83 billion) in December, by arguing

Jakarta – The Indonesian Banks Association (Perbanas) has said that 50 to 70 banks are sufficient to ensure healthy competition between lenders in the Indonesian market.

Jakarta – Bank Indonesia (BI) has recorded that capital inflows into the country totaled Rp 14.57 trillion (US$1.03 billion) in the period from Jan. 1 to Thursday.

Marchio Irfan Gorbiano, Jakarta – The strengthening rupiah in November led to an increase in Indonesia's external debt, Bank Indonesia data has revealed.