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Banking & Finance

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January 25, 2021

Jakarta Globe - January 25, 2021

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

January 21, 2021

Reuters - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Nikkei Asia - 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

Jakarta Post - 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

Jakarta Globe - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Globe - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - September 17, 2020

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

Jakarta Post - September 14, 2020

Eisya A.

September 10, 2020

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - September 8, 2020

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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - September 2, 2020

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

Jakarta Post - 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

Jakarta Globe - September 1, 2020

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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Globe - 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

Jakarta Post - 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

Tempo - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

Jakarta Post - 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

East Asia Forum - July 21, 2020

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

Jakarta Post - 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

Jakarta Post - July 17, 2020

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

Jakarta Post - 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

Jakarta Post - 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