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
Banking & Finance
Displaying 201 - 250 of 650 Documents
January 25, 2021
January 21, 2021
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
January 8, 2021
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
December 15, 2020
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
December 10, 2020
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
December 8, 2020
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
November 27, 2020
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-
November 17, 2020
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
November 16, 2020
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
October 30, 2020
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,
October 16, 2020
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,
October 15, 2020
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
October 14, 2020
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
October 13, 2020
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
October 7, 2020
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
October 5, 2020
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
October 2, 2020
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
October 1, 2020
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
September 18, 2020
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
September 17, 2020
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
September 14, 2020
September 10, 2020
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
September 8, 2020
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
September 7, 2020
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
September 2, 2020
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
September 1, 2020
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
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
August 19, 2020
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
August 14, 2020
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
August 12, 2020
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
August 10, 2020
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
August 7, 2020
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
August 6, 2020
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
August 5, 2020
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
August 4, 2020
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
July 30, 2020
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
July 29, 2020
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
July 28, 2020
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
July 27, 2020
Yunindita Prasidya, Jakarta – Indonesian banks face challenges with human resources as they strive to bolster digital banking during the global health crisis.
July 24, 2020
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
July 23, 2020
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
July 21, 2020
Adrian Wail Akhlas and Marchio Irfan Gorbiano, Jakarta – The Supreme Audit Agency (BPK) has given the 2019 central government's financial report an unqualified opinion (WTP), the best
Rainer Heufers – Governments around the world have been borrowing money during the COVID-19 crisis to fund programs to protect vulnerable citizens.
July 17, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has cut its benchmark interest rate for the fourth time this year to bolster the recovery from the coronavirus pandemic, which has dea
Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt rose in May, driven mainly by foreign inflows to the country's debt market as the government issues more debt papers to fund the
July 15, 2020
Riska Rahman, CMS – The recent stock market crash may have spooked foreign investors out of Indonesia, but domestic investors have swarmed and dominated transactions in the country's e
July 13, 2020
Riska Rahman, Jakarta – The government has issued a regulation that gives the Indonesian Deposit Insurance Corporation (LPS) more room to manage its own liquidity and to prevent banks