Rainer Heufers – Governments around the world have been borrowing money during the COVID-19 crisis to fund programs to protect vulnerable citizens.
Banking & Finance
Displaying 251 - 300 of 656 Documents
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
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
July 7, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves increased to US$131.7 billion in June following the government's move to issue global sukuk (sharia complian
Adrian Wail Akhlas, Jakarta – The government and Bank Indonesia (BI) agreed to a burden-sharing scheme worth Rp 574.59 trillion (US$39.7 billion) on Monday to finance the nation's COVI
July 6, 2020
Riska Rahman and Marchio Irfan Gorbiano, Jakarta – Transferring the Financial Services Authority's (OJK) supervision over banking back to Bank Indonesia (BI) could cause investors to l
July 3, 2020
Adrian Wail Akhlas, Jakarta – Indonesia is running out of time to rescue its businesses from the impact of the coronavirus pandemic, and banks should immediately ramp up promised worki
July 2, 2020
Riska Rahman, Jakarta – The State-Owned Banks Association (Himbara) has expressed optimism that its bank members can disburse up to Rp 90 trillion (US$6.32 billion) in loans to help sm
June 24, 2020
Adrian Wail Akhlas, Jakarta – The government announced on Wednesday that it would place Rp 30 trillion (US$2.12 billion) in state-owned banks, associated under the auspices of Himbara,
June 19, 2020
Riska Rahman, Jakarta – The Cooperatives and Small and Medium Enterprises Ministry has suspended the licensing of new savings and loan cooperatives for three months following an appare
June 18, 2020
Francisca Christy Rosana, Jakarta – Deputy Minister of Finance Suahasil Nazara said that Indonesia was still paying debts inherited from the 1997-1998 financial crisis.
Adrian Wail Akhlas, Jakarta – Indonesia's debt will swell significantly next year as the government increases spending to help the country recover from the COVID-19 pandemic, an offici
June 15, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt growth accelerated in April, driven mainly by the government's issuance of sovereign debt papers (SBN) and global bonds to cover
June 12, 2020
Jakarta – Indonesian stocks plunged deep in the red on Friday morning following a market rout seen by Wall Street in Thursday's session as investors grew wary of a second wave of the c
June 8, 2020
Triyan Pangastuti, Jakarta – Indonesia's foreign exchange reserves swelled to $130.5 billion in May, up from $127.9 billion in April, as the government took out more loans from foreign
Adrian Wail Akhlas, Jakarta – Indonesia's foreign exchange (forex) reserves rose to US$130.5 billion in May thanks to the government's new debt issuance and increased forex levels stor
June 5, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) expects the rupiah to strengthen even after the currency returned to levels seen before the COVID-19 crisis, as foreign investors make
Riska Rahman, Jakarta – Foreign investors are starting to put their money back into Indonesian assets as countries around the world begin to ease their COVID-19 restrictions, spurring
June 4, 2020
Riska Rahman, Jakarta – The Indonesian banking industry will face tougher challenges throughout the rest of the year following the sector's slumping performance in the first quarter as
June 2, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia's (BI) policy measures and a narrowing current account deficit (CAD) will likely support the rupiah amid unfavorable financial market condi
May 29, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the currency and financial system, projecting
May 20, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's current account deficit narrowed in the first quarter of this year as imports fell and the deficit in services dwindled amid the coronavirus p
May 19, 2020
Diana Mariska, Jakarta – Indonesia's central bank has bought $1.6 billion worth of government bonds in the primary market, underlining its commitment to remain active in it as the coun
May 18, 2020
Riska Rahman, Jakarta – Indonesian companies have preferred to raise capital from the debt market in the first four months of this year as banks experience tight liquidity, according t
Yunindita Prasidya, Jakarta – Individual investors are showing growing appetite for government bonds (SBN) because the low-risk securities provide promising returns amid uncertain mark
Yunindita Prasidya, Jakarta – State-owned banks have restructured loans worth up to Rp 223.16 trillion (US$15 billion) to over 1.7 million borrowers as part of the loan-relaxation prog
May 15, 2020
Adrian Wail Akhlas, Jakarta – Indonesia's foreign debt growth slowed down in the first quarter as foreign investors sold off Indonesian assets over fears of the COVID-19 pandemic, Bank
May 13, 2020
Tassia Sipahutar, Jakarta – Indonesian borrowers are selling a record amount of dollar bonds, as the country's strong fiscal track record in recent years fuels optimism on its ability
May 12, 2020
Shuli Ren – Since surviving an IMF bailout and violent change of government during the Asian financial crisis, Indonesia has shown an uncanny resilience in bouncing back from global se
Adrian Wail Akhlas, Jakarta – The liquidity of Indonesian banks will remain in check despite economic risks brought by the COVID-19 pandemic and loan restructuring program that defers
May 11, 2020
Adrian Wail Akhlas, Jakarta – The COVID-19 pandemic is threatening the stability of Indonesia's financial system, as it causes a supply-demand shock and weakens the country's financial
Yunindita Prasidya, Jakarta – Indonesian rating agency Pemeringkat Efek Indonesia (Pefindo) has revised the outlooks of several financial institutions and downgraded the rating of asse
May 8, 2020
Adrian Wail Akhlas, Jakarta – Foreign exchange (forex) reserves surged to US$127.9 billion in April on the back of the government's issuance of US dollar-denominated bonds in the same
Adrian Wail Akhlas, Jakarta – The Finance Ministry has decided to cancel its plan to issue "pandemic bonds", which were initially prepared as a part of the country's efforts to fund th
May 5, 2020
Riska Rahman and Adrian Wail Akhlas, Jakarta – The government's planned relief program for borrowers affected by COVID-19 will hurt the liquidity of state-owned banks if they are not g
April 30, 2020
Fathiya Dahrul – Indonesian banks are looking to the government for additional stimulus measures to cope with a growing pile up of bad loans, as the coronavirus pandemic batters the ec
Adrian Wail Akhlas, Jakarta – The rupiah has reached its strongest level since mid-March, appreciating nearly 3 percent on Thursday against the United States dollar amid hopes that a v
Riska Rahman, Jakarta – State-owned banks have restructured more than Rp 120.86 trillion (US$8.05 billion) in loans to over 832,000 borrowers in an effort to curb the impact of the COV
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has bought up to Rp 173.1 trillion (US$11.24 billion) worth of government bonds from primary and secondary markets in a bid to stabili
April 29, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) has injected Rp 503.8 trillion (US$32.7 billion) into banks and the debt market to stabilize the rupiah and help support the governmen
April 28, 2020
Adrian Wail Akhlas, Jakarta – Indonesia has raised another Rp 62.62 trillion (US$4.05 billion) from government debt papers (SUN) and is in talks with several development banks to raise
April 27, 2020
Riska Rahman, Jakarta – The Indonesia Stock Exchange (IDX) has set lower targets on daily transaction values and newly listed companies this year while relying more on domestic investo
April 23, 2020
Adrian Wail Akhlas, Jakarta – Bank Indonesia (BI) directly purchased Rp 1.7 trillion (US$108 million) worth of sharia sovereign bonds during an auction held by the government on Tuesda
April 22, 2020
Ghina Ghaliya and Marchio Irfan Gorbiano, Jakarta – The government has announced that it is to provide interest subsidies for small borrowers in banks and finance companies to help sma
April 21, 2020
April 20, 2020
Riska Rahman, Jakarta – Slowing loan demand in the first quarter of this year is expected to continue up until the end of 2020 and can potentially drag down Indonesia's economic growth