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.

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

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 House of Representatives' Commission XI, which oversees financial affairs, has announced the establishment of a working committee to monitor the financial services indust

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

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 – 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

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

Jakarta – The government welcomes Chinese investment despite concerns that the country could fall into a debt trap.

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

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

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

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.

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

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

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.

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.

Aldi Adrian Hartanto – Indonesian startups have been at the center of attention in Southeast Asia for the last few years.

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

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

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

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.

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.

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

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.

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

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

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

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.

Riska Rahman, Jakarta – Indonesia's Islamic finance rank has improved exponentially this year, but challenges remain to further develop the sharia economy.

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