#Finance
Indonesia committed to US$1 B as it fully joins BRICS’ New Development Bank
Coordinating Minister for the Economy Airlangga Hartarto has confirmed that the Indonesian government plans to contribute US$1 billion (Rp16.66 trillion) as an initial capital contribution to support the financial arm of BRICS ‒ the New Development Bank (NDB).
Dutch Queen warns of rising digital financial fraud losses in Indonesia
Queen Máxima of the Netherlands has raised concerns over the alarming surge in digital financial fraud across Indonesia, warning that increasingly sophisticated scams are putting millions at risk.
Rupiah stagnant near Rp16,700 as market confidence remains weak
The Indonesian rupiah has yet to show signs of significant strengthening against the US dollar, with analyst suggesting that the currency’s stagnation reflects the market’s lingering doubts about Indonesia’s economic growth prospects.
Indonesia records world’s highest number of financial scam reports: OJK
Indonesia is the country with the highest number of financial scam reports in the world, said Friderica Widyasari Dewi, Chief Executive for Financial Services Business Conduct, Education, and Consumer Protection at the Financial Services Authority (OJK).
Indonesia eyes 11 percent tax ratio as Finance Minister targets private sector growth
Minister of Finance Minister, Purbaya Yudhi Sadewa, has expressed optimism that the country’s tax ratio could rise to 11 percent of GDP in the near term against the current national tax ratio of below 10 percent.
Indonesia plans first offshore Yuan Bond sale to tap cheaper funding
The Indonesian government is reportedly preparing to issue its first-ever yuan-denominated sovereign bonds in the offshore market, a move that would add to a record year for dim sum bond issuance worldwide.
Jakarta–Bandung high speed rail’s soaring debt risks becoming a “time bomb”
Indonesia’s flagship Jakarta–Bandung High-Speed Rail (KCJB) project − known as Whoosh − faces mounting financial pressure after cost overruns pushed total project debt to Rp116 trillion (US$7.2 billion), sparking concern among government and state-owned enterprise (SOE) officials.
Indonesia’s first biennial transparency report maps US$282 B climate finance needs
Indonesia’s First Biennial Transparency Report (BTR) estimates that the country will require US$282 billion (Rp4,519 trillion) to support national climate actions through 2030that will cover both mitigation and adaptation efforts to meet the targets outlined in the country’s Nationally Determined Contribution (NDC).
Emerging Asian markets face hurdles in just, inclusive low-carbon transition
Emerging markets in Asia face greater challenges than developed economies in achieving a just and inclusive low-carbon transition, according to a new report by the Asia Investor Group on Climate Change (AIGCC).
Indonesia eyes incentives to repatriate Forex, tightens oversight on transfer pricing
The Indonesian government is preparing a package of incentives to lure home foreign exchange (forex) owned by Indonesian individuals and corporations abroad, aiming to bolster the economy and stabilize the rupiah.
BRICS investment opportunities rise ahead of 2026 common currency launch
Investment opportunities linked to the BRICS currency are gaining traction as the economic bloc prepares for a breakthrough moment in 2026, when the official launch of a shared BRICS currency is anticipated to take place.
BTN disseminates mechanism for disbursement of Rp25T in government funds
PT Bank Tabungan Negara (BTN) has provided mechanism guidelines for accessing Rp25 trillion (US$1.5 billion) in government funds, which will be disbursed through a reimbursement system.