Arnoldus Kristianus, Jakarta – The Indonesian government is set to revise regulations on foreign exchange earnings from natural resource exports (DHE SDA), aiming to encourage exporters
Banking & Finance
Displaying 151 - 200 of 869 Documents
November 4, 2024
Herman, Jakarta – State-owned banks have disbursed Rp 1,088 trillion (approximately $69 billion) worth of the government's microloans, better known by its Indonesian acronym KUR in 2020
Ni Made Tasyarani, Jakarta – Success stories among their peers and a plethora of user-friendly investing apps are luring ever more young Indonesians into the stock market, but some lear
October 17, 2024
Vinnilya, Arnoldus Kristianus, Jakarta – Indonesia has witnessed many major changes over the past 10 years of the outgoing leader Joko "Jokowi" Widodo, but one of the most noticeable ch
Arnoldus Kristianus, Jakarta – Starting Dec.
October 16, 2024
Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has decided to maintain its benchmark interest rate (BI Rate) at 6 percent, the deposit facility rate at 5.25 percent, and the lending
October 7, 2024
Indah Handayani, Jakarta – Indonesia's foreign exchange reserves has gone down slightly to $149.9 billion as of end-September, according to the country's central bank.
Stefanno Sulaiman – President-elect Prabowo Subianto will increase the country's debt-to-GDP ratio level gradually, alongside efforts to boost tax revenues, his top adviser and brother
October 3, 2024
Faisal Maliki Baskoro, Jakarta – The Jakarta Composite Index (JCI) fell sharply in early trading on Thursday, sliding 0.44 percent to 7,526, despite positive momentum from US markets.
September 27, 2024
Arnoldus Kristianus, Jakarta – The central banks of Indonesia and Malaysia renewed their Local Currency Bilateral Swap Arrangement on Friday, enabling both nations to exchange their res
September 18, 2024
Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has cut its benchmark interest rate by 25 basis points to 6 percent, following a review of inflation forecasts and the strengthening r
September 16, 2024
Alfida Rizky Febrianna, Jakarta – As Prabowo Subianto prepares to assume the presidency next month, he faces a critical decision in selecting a finance minister, a position crucial to s
September 14, 2024
Stefanno Sulaiman and Gayatri Suroyo, Jakarta – President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest
September 12, 2024
Indah Handayani, Jakarta – Crypto exchange Indodax has been inaccessible for more than 24 hours following a cyberattack on Wednesday, which compromised approximately $18.2 million (Rp 2
August 30, 2024
Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) continues its efforts to reduce reliance on the US dollar by forming a strategic partnership with the Bank of Korea (BOK) and South Ko
August 27, 2024
Marcus Wong and Ruth Carson – The massive foreign inflow into Indonesian bonds this month may extend, if investor positioning is anything to go by.
August 23, 2024
Indah Handayani, Jakarta 00 The Jakarta Composite Index (JCI) closed higher on Friday, gaining 55.62 points, or 0.74 percent, to end at 7,544.2, as investor sentiment improved following
August 22, 2024
Faisal Maliki Baskoro, Jakarta – The Jakarta Composite Index (JCI) fell by 43.3 points (0.57 percent) to 7,511.2 at the close of the first session on Thursday.
Deni Ghifari, Jakarta – Bank Indonesia (BI) has kept its benchmark interest rate unchanged and sees room for a cut opening up only in the fourth quarter, despite signals pointing to fas
August 21, 2024
Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has decided to keep its benchmark interest rate (BI Rate) at 6.25 percent, the deposit facility rate at 5.5 percent, and the lending f
August 19, 2024
Ilona Esterina, Antara, Jakarta – An economist from the Institute for Development of Economics and Finance (Indef), Didik J.
August 6, 2024
Antara, Jakarta – The Financial Services Authority (OJK) has revoked the business licenses of 14 banks in Indonesia since early 2024 due to financial collapse.
July 31, 2024
Adil Al Hasan, Jakarta – The Indonesian Financial Services Authority (OJK) and Banco Central de Timor Leste (BCTL) or the Central Bank of Timor Leste have officially agreed to boost coo
July 24, 2024
Monique Handa Shafira, Jakarta – A financial technology (fintech) association is bracing itself for the upcoming policy aimed at raising the online loan cap while hoping they can access
July 20, 2024
Indah Handayani, Jakarta – The Indonesian Stock Exchange (IDX) had a sluggish week, with transaction values and volumes dropping over 5 percent and market capitalization declining nearl
July 17, 2024
Arnoldus Kristianus, Jakarta – Bank Indonesia (BI) has decided to maintain its benchmark interest rate at 6.25 percent, the deposit facility rate is set at 5.5 percent, while the lendin
Eduard Gismatullin – The Indonesian exchange's watchlist for volatile and troubled companies is likely to accelerate an exodus of foreign capital from Southeast Asia's largest equity ma
July 16, 2024
Alfi Dinilhaq, Antara, Jakarta – The Indonesian rupiah weakened against the US dollar on Tuesday after China's second-quarter growth came in below expectations.
Arnoldus Kristianus, Jakarta – Ahead of the Bank Indonesia (BI) Board of Governors meeting on Wednesday, the Indonesian Employers Association (Apindo) has advised the central bank to ma
July 15, 2024
Matthew Burgess and Grace Sihombing – The fate of Indonesia's jittery bond market may well hinge on who President-elect Prabowo Subianto chooses as his finance minister.
Alfida Rizky Febrianna, Jakarta – The Financial Services Authority (OJK) is set to implement new regulations allowing financial technology platforms to offer online loans of up to Rp 10
July 13, 2024
Reuters, Jakarta – Indonesia's President-elect Prabowo Subianto wants to give school children free meals, but the plan and his pledge to be 'daring' on spending have the country's debt
July 10, 2024
Muhammad Ghafur Fadillah, Vinnilya, Jakarta – The financial downturn globally, exacerbated by recent elections, has dampened fundraising activities in Indonesia's capital market, with t
July 5, 2024
Annisa Febiola, Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati revealed an increase in state assets, reaching Rp13,072.8 trillion by the end of 2023.
June 26, 2024
Tenggara Strategics, Jakarta – Indonesia's president-elect Prabowo Subianto plans to fund his campaign promises by increasing the Indonesian debt-to-gross domestic product (GDP) ratio b
June 25, 2024
Jakarta – The ghost of the Asian financial crisis in 1997-1998 seems to be haunting Indonesia, as the rupiah depreciated to yet another new multiyear low.
June 24, 2024
Annisa Febiola, Jakarta – The rupiah is expected to depreciate further against the US dollar today, June 24, according to Laba Forexindo Berjangka director Ibrahim Assuaibi.
Annisa Febiola, Jakarta – The rupiah is expected to depreciate further against the US dollar today, June 24, according to Laba Forexindo Berjangka director Ibrahim Assuaibi.
June 22, 2024
Rama Sukarta, Jakarta – The Indonesian Ulema Council (MUI) has declared short selling as haram (forbidden under Islamic law).
June 21, 2024
Mita Amalia Hapsari, Jakarta – President Joko "Jokowi" Widodo convened the Financial System Stability Committee (KSSK) at the Presidential Palace on Thursday to address the recent depre
Antara, Jakarta – Bank Indonesia (BI) Deputy Governor Doni Primanto Joewono said the circulation of counterfeit money continues to decline in Indonesia.
June 20, 2024
Jauhari Mahardhika, Jakarta – The shares of tech conglomerate GoTo Gojek Tokopedia (GOTO) plummeted to an all-time low of Rp 50 on Thursday.
Arnoldus Kristianus, Jakarta – Bank Indonesia announced Thursday that they would keep the benchmark interest rate, also known as the BI Rate, at 6.25 percent.
June 19, 2024
Arnoldus Kristianus, Jakarta – The weakening rupiah, now significantly deviating from the 2024 state budget assumption, poses risks to Indonesia's trade performance.
Tenggara Strategics, Jakarta – Indonesia's second-largest Muslim organization, Muhammadiyah, has decided to divert trillions of rupiah funds from state-owned Bank Syariah Indonesia (BSI
Annisa Febiola, Jakarta – The incoming Prabowo-Gibran administration is expected to face a serious debt burden, assessed Yusuf Wibisono, director of the Institute for Demographic and Po
June 14, 2024
Arnoldus Kristianus, Jakarta – The Indonesian rupiah weakened against the US dollar, reaching Rp 16,400 on Friday, its lowest point since the pandemic era in April 2020.
June 12, 2024
Jakarta – The Indonesia Stock Exchange (IDX) Composite fell 0.08 percent on Wednesday to finish the trading day at 6,850.09.
May 28, 2024
Thresa Sandra Desfika, Jakarta. Agoes Projosasmito, 68, has made his way into the top five of Indonesia's richest individuals, according to Forbes' Real-Time Billionaires List.
Nida Sahara, Jakarta – The Financial Services Authority (OJK) revealed that the total value of assets in Sharia-based financial businesses stood at approximately Rp 2,500 trillion ($155