Markets and Finance
AdaKami praises adjustment of “Pinjol” interest rate set by OJK
An industry player has praised the Financial Services Authority (OJK) for adjusting the maximum interest rate on consumer fintech online lending platforms (pinjol) − with maximum daily interest at 0.3 percent for tenors under six months and 0.2 percent for tenors over six months − that will take effect on January 1, 2025.
Indonesia eyes global investors to build East Halmahera EV ecosystem after LG exit
Minister of State-Owned Enterprises (SOEs), Erick Thohir, has revealed of the government’s plan to offer an investment project for the electric vehicle (EV) battery industry ecosystem after LG Energy Solution left the project.
U.S.’s attack on RI’s payment system sparks pushback over sovereignty, innovation
The U.S. government’s criticism on the Indonesian standard quick response payment system (QRIS) and the national payment gateway (GPN) has drawn strong resistance at home, citing market preference on more flexible system away from conventional credit card payment.
Indonesia affirms neutrality in U.S.-China trade war, chooses diplomacy path
The government has affirmed its commitment to maintaining balanced trade relations with all international partners, including the United States and China.
BI ready to cooperate on QRIS payment system with the U.S
The Indonesian Central Bank (BI) has expressed its readiness to cooperate with the United States in using the Quick Response Code Indonesian Standard (QRIS) digital payment system.
Electronic factories to shut down as TKDN, import quota relaxation sparks backlash
The Association of Electronic Industry Entrepreneurs (Gabel) reveals that several electronic product assembly plants in Indonesia have prepared to close their operations following the April 8, 2025 announcement by President Prabowo Subianto of a plan to revoke the import quota policy and relax the Domestic Component Level (TKDN).
Relaxation of TKDN rules could turn Indonesia into a dumping ground: Gapensi
The Indonesian Construction Contractors Association (Gapensi) has warned that the government's move to relax the Domestic Component Level (TKDN) policy, particularly for steel, iron, and piping used in infrastructure, could reduce Indonesia to a mere market for foreign products and threaten local industries.
Bond market remains resilient, issuance reaches Rp46.75 trillion in Q1-2025
Amid global uncertainty and stock market volatility, the Indonesian bond market recorded positive performance throughout the first quarter of 2025, with the support of high investor interest in low-risk instruments and the potential for interest rate cuts until the end of the year.
eFishery founder admits to manipulating financial reports
Founder and former CEO of eFishery, Gibran Huzaifah, has eventually admitted to manipulating his company's financial reports in an effort to save the business from bankruptcy. This confession was conveyed directly by Gibran in an exclusive interview with Bloomberg News.
Trump's tariff policy shakes global trading system, but has low impact on Indonesia: OJK
The Financial Services Authority (OJK) says the reciprocal tariff policy announced by United States President Donald J. Trump on April 2, 2025 will fundamentally change the global trading system, which has so far been based on the multilateral principles of the World Trade Organization (WTO).
PT Timah books net profit of Rp1.19 Trillion in 2024
State-owned tin miner PT Timah (IDX: TINS) reported a net profit of Rp1.19 trillion (US$74 million) in 2024, an increase of 364 percent from the previous year, when the company recorded a net loss of IDR 449.67 billion (approximately $28 million).
Indonesia defies global trend, expands captive coal power capacity
In stark contrast to the global decline in coal-fired power plant (CFPP) expansion, Indonesia has emerged as the third-largest country in terms of new coal capacity additions in 2024 − adding 1.9 gigawatts (GW), 80 percent of which comes from captive coal power plants dedicated to industrial use.