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

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

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

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.

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

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

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

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

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

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

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

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-

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

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

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,

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,

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

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

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

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

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

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

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

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

Adrian Wail Akhlas, Jakarta – Indonesia's accumulated debt to fund the COVID-19 fight and falling tax revenue will weaken its "debt affordability" and may deteriorate its credit quality

Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has decided to leave its interest rate unchanged to safeguard financial market stability as the current coronavirus-induced economic do

Eisya A.

Yunindita Prasidya and Riska Rahman, Jakarta – Indonesian stocks fell 5 percent on Thursday morning following the Jakarta administration's decision to retighten its restrictions, prompt

Adrian Wail Akhlas, Jakarta – Indonesia's debt has risen significantly this year as the government has ramped up spending to rescue an economy battered by the coronavirus pandemic amid

Yunindita Prasidya, Jakarta – The Indonesian stock market is likely to endure a selling spree by foreign investors until year-end as the global economic and political situations remain

Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves soared to a record high in August mainly due to the government's foreign borrowing, proceeds from oil and gas

Norman Harsono and Yunindita Prasidya, Jakarta – Indonesian natural resource exporters are waiting to see what Bank Indonesia's (BI) recently announced plan to require the companies to

Adrian Wail Akhlas, Jakarta – The rupiah exchange rate fell significantly on Wednesday as investors worry about the independence of Bank Indonesia (BI) following a proposed bill that wo

Triyan Pangastuti, Jakarta – The House of Representatives has kicked off deliberation of a bill that would expand the mandate of Bank Indonesia, the country's central bank, and return b

Private television stations RCTI and iNews TV have recently come under fire for submitting a petition to the Constitutional Court calling for a judicial review of the Broadcasting Law t

Adrian Wail Akhlas, Jakarta – Indonesia's current account deficit (CAD) narrowed in the second quarter of the year as import demand fell and foreign ownership of government bonds declin

Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt rose by the end of June as the government issued global sukuk and large amounts of sovereign debt papers (SBNs) sold to foreign i

Adrian Wail Akhlas, Jakarta – Indonesia raised another Rp 22 trillion (US$1.48 billion) on Tuesday from government bonds to fund the country's fiscal deficit and the costly fight again

Dion Bisara, Jakarta – Foreign lenders have acquired Indonesian banks at a record pace in the past 18 months, accelerating long-needed consolidation in the industry that would push it

Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves increased to US$135.1 billion in July, the highest level ever, following the government's move to issue glob

Francisca Christy Rosana, Jakarta – Indonesia Stock Exchange (IDX) Commissioner Pandu Patria Sjahrir on Thursday said a large portion of Indonesians do not invest their funds in the st

Riska Rahman, Jakarta – Indonesia's bad loans ratio is expected to keep increasing until year-end as the economy has yet to fully recover from the adverse impact of the pandemic, econo

Riska Rahman, Jakarta – The Jakarta Composite Index (JCI) fell more than 2 percent on Monday after three months of a strong performance following the global stock market crash in March

Riska Rahman, Jakarta – Experts and a business player association are urging the newly established COVID-19 response team to re-evaluate the government's fiscal stimulus and boost its

Adrian Wail Akhlas, Jakarta – The government has guaranteed working capital loans worth Rp 100 trillion (US$6.92 billion) for labor-intensive businesses to speed up business recovery a

Riska Rahman, Jakarta – State-owned banks have collectively disbursed Rp 43.5 trillion (US$2.99 billion) in working capital loans using funding provided by the government, deputy State

Yunindita Prasidya, Jakarta – Indonesian banks face challenges with human resources as they strive to bolster digital banking during the global health crisis.

Adrian Wail Akhlas, Jakarta – The Indonesian Deposit Insurance Corporation (LPS) says it is ready to place funds in banks that have liquidity problems by teaming up with the Financial

Yunindita Prasidya, Jakarta – False trading and stock price manipulation were among the most common violations found in the Indonesia Stock Exchange (IDX), according to the Financial S