Vinnilya, Celvin Moniaga Sipahutar, Jakarta – Indonesia's newly launched sovereign wealth fund, Daya Anagata Nusantara (Danantara), is drawing attention not only for its ambitious $900

Sukma Kanthi Nurani, Jakarta – President Prabowo Subianto officially inaugurated Daya Anagata Nusantara Investment Management Agency (BPI Danantara) at the Presidential Palace in Centra

Ervana Trikarinaputri, Jakarta – A researcher at the Center for Strategic and International Studies (CSIS) Department of Economics, Deni Friawan, scrutinizes the organizational structur

Dinda Shabrina, Jakarta – Indonesia Composite Index (IHSG) continued to weaken in trading on Tuesday, February 25, 2025.

Aditya Hadi and Ruth Dea Juwita, Jakarta – President Prabowo Subianto launched Danantara, the nation's newest sovereign wealth fund, with US$20 billion in initial capital on Monday, but

Muhammad Firman, Vinnilya, Jakarta – President Prabowo Subianto has appointed seasoned businessmen Rosan Roeslani, Pandu Sjahrir, and Dony Oskaria to lead Indonesia's newly launched sov

Celvin Moniaga Sipahutar, Jakarta – Indonesia's newly launched sovereign wealth fund, Daya Anagata Nusantara (Danantara), will oversee all state-owned enterprises (SOEs) as part of a br

Novie Fauziah, Jakarta – The sovereign wealth fund Danantara will become Indonesia's new strategy to make the best use of its state assets, according to a presidential special envoy.

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in

Jakarta – President Prabowo Subianto on Monday launched a new sovereign wealth fund set to be the biggest in Indonesia and give the leader greater control of the country's coffers.

Jayanty Nada Shofa, Jakarta – Indonesia is trying to lure its foreign partners into work together with its freshly launched Danantara, the country's sovereign wealth fund that is expect

Jakarta – The government's drive to save US$44 billion through massive state budget cuts is a certainly a feat, but when we heard that some $20 billion was set to be channeled to the so

Jakarta – The country's sixth and seventh presidents Susilo Bambang Yudhoyono and Joko "Jokowi" Widodo, respectively, joined President Prabowo Subianto on Monday in a lavish event at th

Antara, Jakarta – Bank Indonesia recently reported that the national QR code payment system had recorded around Rp 80.9 trillion (approximately $4.9 billion) in transactions throughout

Arnoldus Kristianus, Jakarta – Bank Indonesia kept its benchmark interest rate at 5.75 percent in a bid to control inflation and support the rupiah amid global economic uncertainty.

Erfan Maruf, Jakarta – Luhut Binsar Pandjaitan, Chairman of Indonesia's National Economic Council (DEN), has addressed growing concerns following a viral call on social media to withdra

Juan Ardya Guardiola, Bogor – The newly established sovereign wealth fund Danantara will finance 35 large-scale national projects throughout this year, a close ally of President Prabowo

Indah Handayani, Jakarta – Indonesia's rupiah opened weaker against the US dollar on Thursday morning, pressured by slowing economic growth.

Herman, Jakarta – Reports have surfaced online alleging that customer data from Bank Central Asia (BCA) was leaked following a cyberattack by an individual claiming to be the notorious

Monique Handa Shafira, Jakarta – The Financial Services Authority (OJK) has issued Regulation No.

Indah Handayani, Jakarta – The rupiah continued its downward slide against the US dollar on Friday, closing at Rp 16,304 per US dollar.

Hendro Situmorang, South Tangerang – The value of cryptocurrency trading in Indonesia surged by an astonishing 335.9 percent year-on-year in 2024, reaching Rp 650.61 trillion ($40.2 bil

Vinnilya, Jakarta – Bank Indonesia's (BI) decision to cut the benchmark interest rate by 25 basis points to 5.75 percent has raised concerns among economists about its impact on the exc

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) lowered its benchmark interest rate by 25 basis points to 5.75 percent during its January policy meeting, marking its first cut in fou

Basudiwa Supraja, Erfan Maruf, Jakarta – Chief Economic Affairs Minister Airlangga Hartarto said Wednesday that Bank Indonesia's decision to cut the key interest rate to 5.75 percent co

Muhammad Ghafur Fadillah, Jakarta – The Financial Services Authority (OJK) is evaluating the implementation of a Single Investor Identification (SID) system for cryptocurrency owners, w

Jakarta – The collapse of several peer-to-peer lending fintech companies has brought much concern to individual investors. They were late in anticipating the huge risks involved.

President Joko "Jokowi" Widodo opened the first trading day of 2016 at the Indonesia Stock Exchange (IDX) on Monday as the Jakarta Composite Index (JCI) dropped 0.25 percent to 4,581 as

Prima Wirayani and Norman Harsono – Bank Indonesia intervened to stabilize the rupiah after President Prabowo Subianto's surprise decision to scale back a tax hike sent the currency wea

Indah Handayani, Jakarta – The Indonesian rupiah weakened sharply against the US dollar at Friday's close, depreciating by 0.28 percent to Rp 16,235 per dollar, amid mounting external p

Antara, Jakarta – As many as 20 rural banks (BPR) were shut down by the Financial Services Authority (OJK) in 2024 after shareholders and management failed to implement effective recove

Vinnilya, Jakarta – Indonesia's rupiah is expected to face continued depreciation into early 2025, according to Dian Ayu Yustina, Head of Macroeconomic and Financial Market Research at

Antara, Jakarta – Bank Rakyat Indonesia (BRI), the country's largest state-run bank by assets, assured customers that their data and funds remain secure and that normal transactions con

Ilona Estherina, Jakarta – Bank Indonesia (BI) has reported rapid growth in payments using the Quick Response Code Indonesian Standard (QRIS), while transactions made with debit cards h

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has decided to keep its benchmark interest rate at 6 percent to maintain inflation within its target range of 2.5 percent for 2024 and

Antara, Jakarta – The value of cryptocurrency transactions in Indonesia reached Rp 475.13 trillion ($29.63 billion) by October 2024, a 352.89 percent year-on-year increase, according to

Jayanty Nada Shofa, Jakarta – A top brass at the Asian Development Bank (ADB) recently said that the international lender was not worried about Indonesia's ability to pay off the money

Jakarta – Bank Indonesia (BI) reported a net foreign capital outflow in the domestic financial market amounting to Rp 5.13 trillion (US$323.4 million), based on transaction data from De

Grace el Dora, Jakarta – The rupiah slipped 0.25 percent to close at Rp 15,946 against the US dollar on Tuesday, as markets awaited signals of an interest rate cut from the Federal Rese

Arnoldus Kristianus, Jakarta – Indonesia's government debt reached Rp 8,560.36 trillion ($$539.4 billion) by the end of October 2024, according to data from the Finance Ministry, as out

Indah Handayani, Jakarta – Indonesia's crypto transactions has reached Rp 475.13 trillion (around $29.9 billion) so far this year as of October, according to the Commodity Futures Tradi

Eduard Gismatullin, Audrey Wan, and Prima Wirayani – Indonesia's benchmark stock index fell 10% from its year's high, entering a technical correction brought on by slowing economic grow

Jakarta – The decision by the government to write off non-performing loans (NPLs) for small businesses with state banks and funding institutions could revive stalled micro businesses.

Grace el Dora, Jakarta – The Indonesian rupiah could potentially reach Rp 16,000 per US dollar as geopolitical tensions and a stronger greenback continue to pressure the local currency.

Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has decided to maintain the central bank's interest rate at 6 percent, the deposit facility rate at 5.25 percent, and the lending faci

Matthew Burgess and Grace Sihombing – Indonesia's central bank intervened in currency markets to support the rupiah after it weakened toward the psychological level of 16,000 per dollar

Arnoldus Kristianus, Jakarta – Indonesia's government debt rose by 0.14 percent to Rp 8,473.9 trillion ($537.34 billion) as of Sept.

Jakarta – Indonesia has opened a six-month window until May 2025 for certain businesses to receive full loan forgiveness from state banks, a policy that aims to boost loan and economic

Indah Handayani, Jakarta – Bank Indonesia reported Thursday that the country's foreign exchange reserves had gone up to $151.2 billion as of end-October.

Norman Harsono – Indonesia may cancel as much as $550 million of small businesses' bad debt in a bid to boost lending and growth in Southeast Asia's largest economy, according to a top