Jakarta – Indonesia's central bank will keep its key interest rate low until it sees signs of rising inflation, its deputy governor Dody Budi Waluyo told a seminar on Wednesday, adding

One of Indonesia's – and the world's – largest Islamic organizations has declared cryptocurrency as haram, or forbidden for Muslims.

Jakarta – Indonesian authorities have confiscated land and property assets from textile firm Texmaco Group, after the company failed to repay more than US$2 billion in debt since the la

Jakarta – Indonesia's government will sell 157 trillion rupiah (US$10.94 billion) of bonds to the central bank before the end of 2021 to utilise a fiscal deficit financing deal agreed i

Jakarta – Indonesia's central bank left interest rates at a record low on Thursday to support the economy's recovery from COVID-19 and said it sees no need to change its policy outlook

Bengaluru – Bank Indonesia is certain to hold interest rates steady on Thursday as inflation remains benign for now, according to economists in a Reuters poll who have brought fo

Yudith Ho and Fathiya Dahrul – Indonesia's stock benchmark is on course for a fresh record high on the back of signs of an economy recovery.

Arys Aditya (Bloomberg) – The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia's council of religious leaders.

Rr Ariyani Yakti Widyastuti, Jakarta – The East Java branch of one of Indonesia's largest Islamic organizations, Nahdlatul Ulama (NU), on Sunday announced its latest fatwa that deems th

Triyan Pangastuti, Jakarta – The Indonesian government claimed on Tuesday it has controlled 23.11 percent of global sharia bonds market by issuing a total of $23.65 billion worth of the

Jakarta – Indonesia's central bank kept its policy rates steady at record lows on Tuesday, saying the decision was in line with the need to support the economic recovery while keeping t

Asni Ovier, Jakarta – Indonesia will not follow China's footsteps in banning all cryptocurrencies transactions outright but looking into ways to make them less prone to be used in illeg

Faisal Maliki Baskoro, Jakarta – The Indonesian central bank has recently inked a deal with its Chinese counterpart on the use of their respective currencies when it comes to bilateral

Dzulfiqar Fathur Rahman, Jakarta – Finance Minister Sri Mulyani Indrawati has called on commercial banks to ramp up loan disbursement and thereby support government efforts to revive In

Indonesia's central bank left its benchmark rate unchanged and pledged to maintain a "pro-growth" policy into next year as one of the most severe Covid outbreaks in the world puts the e

Mark Lempp, Jakarta – Delayed economic recovery is weighing on Indonesian companies and the state budget to heighten credit risk in a country that already compares unfavorably to other

Jakarta (Bloomberg) – Indonesia is left with few easy options to bolster its economy as a virus resurgence threatens its recovery at a time when it is seeking to rein in debt and the Un

A rise in religious conservatism in Indonesia is drawing talent away from what some view as "un-Islamic" jobs in banking, industry professionals say, creating hiring woes for convention

Bisnis, Jakarta – Bank Indonesia (BI) reported Tuesday, June 8, that Indonesia's foreign exchange reserves at the end of May-amounted to US$136.4 billion, which is a drop compared to th

Emma Connors, Singapore/Jakarta – Two well-known global institutional investors have backed Indonesia's new infrastructure-focused sovereign wealth fund, in what could be seen as an ear

Dzulfiqar Fathur Rahman, Jakarta – Bank Indonesia (BI) decided on Tuesday to hold its benchmark seven-day reverse repo rate at 3.5 percent amid a continually weakening rupiah and unusua

Jakarta – Indonesia's foreign debt until the first quarter (Q1) end of 2021 reached US$415.6 billion, or decreased 0.4 percent (qtq), from the external debt position recorded in the fou

Jakarta – Indonesian central bank's latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yi

Shotaro Tani, Tokyo – Indonesia's central bank has its hands tied by a slide in the rupiah.

Arys Aditya and Haslinda Amin – President Joko Widodo has set a $200 billion goal for Indonesia's new wealth fund in the next two to three years, aiming to fund his push for the resourc

Claire Jiao and Grace Sihombing – Indonesia's finance minister sought to dispel concerns over the future independence of the country's central bank, saying proposals to increase the mon

Grace Sihombing and Claire Jiao – Indonesia's central bank left its benchmark interest rate unchanged and pledged greater efforts to stabilize a currency that's weakening amid global ma

Jakarta (Bloomberg) – Indonesia is pursuing another attempt at increasing government influence in the decision-making and operations of its central bank, as well as expanding its abilit

Muhammad Hendartyo, Jakarta – The Finance Ministry recorded the government debt stood at Rp6,233.14 trillion at the end of January 2021.

Shotaro Tani, Jakarta – Indonesia's central bank lowered its benchmark interest rate for the first time in three months and lowered its growth outlook for this year, as the country cont

Shotaro Tani, Jakarta – Indonesian President Joko Widodo on Tuesday named the head of a domestic bank to lead the country's planned $15 billion sovereign wealth fund.

Kyunghoon Kim, KCL – Indonesia is establishing a sovereign wealth fund (SWF) in the coming weeks.

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

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

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

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

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

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

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-

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

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

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,

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,

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

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

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

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

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

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

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