OJK Addresses Concerns Over Bad Debts and SLIK System in FLPP Housing Program Indonesia’s Financial Services Authority (OJK) is actively responding to growing concerns regarding potential bad debts within the subsidized housing loan program (FLPP) and the role of the Financial Information System on Credit (SLIK). Recent discussions, sparked by proposals to write off non-performing … Read more
Indonesia’s Stock Market Surge: Beyond Purbaya, Towards a 9,000 IHSG? Since the appointment of Sri Mulyani Indrawati as Minister of Finance, the Indonesia Stock Exchange (IHSG) has achieved record highs six times. But this isn’t simply a reaction to a personnel change. It’s a signal of a deeper shift in investor confidence, fueled by a … Read more
Indonesia’s Thrift Ban: A Harbinger of Rising Protectionism in the Global Secondhand Market? Over 3.5 million Indonesians are actively engaged in the resale market, a figure that dwarfs the 600,000 directly employed by the nation’s textile industry. This startling statistic underscores the scale of disruption anticipated as Indonesia moves forward with plans to significantly restrict … Read more
Indonesia’s Regional Banking System: A Rp 200 Trillion Infusion and the Looming Shadow of Digital Disruption Indonesia’s regional banking sector is bracing for a significant shift. Finance Minister Sri Mulyani Indrawati’s directive to channel Rp 200 trillion (approximately $12.6 billion USD) into regional banks (Himbara and BPDs) isn’t simply a liquidity boost; it’s a strategic … Read more
Whoosh Debt Restructuring: Indonesian Government Confirms Agreement with China Indonesia has secured an agreement with China to restructure the debt associated with the Jakarta-Bandung High-Speed Railway (Whoosh), easing concerns over the project’s financial viability. The confirmation comes after discussions between Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan and Chinese officials, and follows a … Read more
Indonesia’s Finance Minister Addresses Market Concerns, Vows Crackdown on ‘Fried Stock’ Activity Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati has moved to reassure investors amid growing concerns over market manipulation and volatility, while simultaneously signaling a tougher stance against illicit trading practices. The moves come as the Indonesia Stock Exchange (IDX) and the Financial … Read more
Government Funds in Time Deposits Under Scrutiny: IDR 653.4 Trillion at Stake Indonesia’s Finance Minister Sri Mulyani Indrawati has ordered an investigation into a substantial amount of government funds – totaling IDR 653.4 trillion (approximately $42.7 billion USD) – held in time deposits at various banks. The move comes after growing public concern over the … Read more
Indonesia’s Tax and Customs Directorate General Navigates Modernization and Public Accountability Jakarta – Indonesia’s Directorate General of Taxes and Customs (DGT) is undergoing a period of significant change, balancing ambitious revenue targets with increased scrutiny and a push for greater transparency. Recent developments, including a focus on digital tax collection, a new complaint mechanism, and … Read more
Indonesia’s Finance Minister Addresses Decades-Old Investment Licensing Issues Jakarta – Indonesian Finance Minister Sri Mulyani Indrawati has acknowledged systemic flaws in the nation’s investment licensing processes, admitting they haven’t functioned correctly for decades. This admission comes amidst a flurry of meetings with banking executives, economists, and investors, signaling a renewed push for regulatory reform to … Read more
Indonesia’s Stock Market Surges Following Minister Purbaya’s Intervention Jakarta, Indonesia – Indonesian stock markets experienced a significant rally today following direct engagement from Coordinating Minister for Economic Affairs, Airlangga Hartarto, commonly known as Purbaya. The Minister’s comments, urging a correction of speculative trading practices, appear to have spurred investor confidence, particularly in fundamentally strong companies. … Read more