Markets and Finance
Indonesia’s coal industry sees solar power as growing threat
The Indonesian Coal Mining Association (APBI) has raised concerns about the rapid growth of sustainable energy technologies, particularly solar power, considering the cost of electricity of solar power plants (PLTS) has become comparable to coal-fired power plants (PLTU).
Coal association seeks to maintain export dominance in SE Asia amid rising competition
The Indonesian Coal Mining Association (APBI) is determined to maintain its dominance in Southeast Asia’s coal export market as new players from outside the region − including Australia, South Africa, and Russia − begin entering ASEAN markets, while demand from Indonesia’s two largest buyers, India and China, is weakening.
BI purchases Rp217.1 trillion in government bonds to support economic stability
The Indonesian Central Bank (BI) has reported Rp217.10 trillion (US$13.2 billion) in Government Securities (SBN) purchases as of September 16, 2025, a move BI Governor Perry Warjiyo claimed as a reflection of close synergy between monetary and fiscal policies.
BI cuts key rate to 4.75% in surprised move, defying market expectations
The Indonesian Central Bank (BI) unexpectedly lowered its benchmark interest rate by 25 basis points (bps) to 4.75 percent on Wednesday, September 17, 2025, surprising markets that had broadly anticipated a hold.
Economist warns on Rp200 T bank placement, Purbaya defends policy
Paramadina University Rector Didik J. Rachbini has warned that the government’s decision to place Rp200 trillion (US$12 billion) of state funds in commercial banks could potentially violate constitutional and statutory provisions.
Purbaya defends Rp200 trillion fund placement in banks amid liquidity concerns
Minister of Finance Purbaya Yudhi Sadewa has dispelled doubts raised by various parties regarding the government’s decision to place Rp200 trillion (US$12.2 billion) of State funds in commercial banks in an effort to accelerate economic growth.
Danantara eyes investment in Vale’s HPAL smelter projects
Indonesia’s sovereign wealth agency, BPI Danantara, is exploring potential investment in mining company PT Vale Indonesia’s (INCO) high-profile smelter projects.
Top banks welcome government’s Rp200 T fund placement for liquidity, credit growth
Three of Indonesia’s largest state-owned banks − PT Bank Syariah Indonesia (BSI), PT Bank Negara Indonesia (BNI), and PT Bank Mandiri − have expressed support for the government’s decision to place Rp200 trillion (US$12.1 billion) in five national banks as the policy is expected to bolster banking liquidity and encourage greater lending to real sector.
Indonesia to launch cross-border QRIS payments in China after Japan rollout
Indonesia is preparing to expand the use of its Quick Response Code Indonesian Standard (QRIS) payment system to China, following its recent launch in Japan after the Indonesian Central Bank (BI) and the People’s Bank of China (PBoC) strengthen the use of Local Currency Transactions (LCT) in bilateral trade and investment.
Purbaya blames fiscal, monetary missteps for recent protests
Minister of Finance, Purbaya Yudhi Sadewa, has attributed recent waves of public protests across Indonesia to long-standing policy missteps in the country’s fiscal and monetary management, calling for urgent corrections to avoid further economic strain.
Finance Minister plans Rp200 trillion liquidity injection to revive economy
Minister of Finance, Purbaya Yudhi Sadewa, has announced plans to revive Indonesia’s economic engines by channeling government funds from the Indonesian Central Bank (BI) into the banking sector.
Purbaya vows cautious approach, no more cowboy-style
Finance Minister Purbaya Yudhi Sadewa struck a measured tone during his first hearing with Finance Commission XI of the House of Representatives (DPR)on Wednesday, September 10, 2025, signaling a shift in his public communication style as he officially assumed his new role in President Prabowo Subianto’s cabinet.