#Finance
BI purchases Rp70.74 trillion in government bonds to stabilize rupiah
The Indonesian Central Bank (BI) noted that it has purchased government securities (SBN) worth Rp70.74 trillion (US$4.3 billion) to maintain the stability of the rupiah exchange rate. SBN purchases have been particularly intensive in the past month.
Danantara to manage up to US$35.2 B annually from extractive, alm oil levies
The Investment Management Agency Daya Anagata Nusantara (Danantara) is poised to become administrator of levies taken from extractive industries, particularly coal, nickel and palm oil, which are expected to generate funds for Indonesia’s transition from fossil fuels to clean and renewable energy.
IESR study reveals 333 GW of renewable energy projects financially feasible
A study by the Institute for Essential Services Reform (IESR) reveals that there are 333 Gigawatts (GW) from 632 locations of utility-scale renewable energy projects in Indonesia that are financially feasible.
Perry Warjiyo
Perry Warjiyo was born in 1959 in Sukoharjo. He is the current Governor of Bank Indonesia. During his early years, he studied in Public Elementary School (SDN) Gawok, Sukoharjo then continued to Public Junior High School (SMPN) Gatak, Sukoharjo, later continued to Public Senior High School (SMAN) 3 Surakarta. He studied S1 at the Faculty of Economics, Universitas Gadjah Mada (UGM) and graduated in 1982. He continued with Masters and PhDs in Monetary and International Economics from Iowa State University, United States in 1989 and 1991. In his youth, he claimed to be a child of poor farmers.
Pros and cons, restraint mounted on birth of Danantara
Pros and cons, as well as restraint have mounted over the commitment of Indonesia’s newly established Daya Anagata Nusantara (Danantara) Investment Management Agency on transparency, financial sustainability, and freedom of political influence.
Unions concerned over Danantara launch amid layoffs in Electronics sector
The Labor Party and the Confederation of Indonesian Trade Unions (KSPI) embrace the birth of Danantara Investment Management Agency (BPI Danantara), but have doubts on the agency’s commitment to serve the Indonesian people, particularly the working class, given its leadership composition.
Banking as a Service Drives Financial Inclusion in Indonesia
Banking as a Service (BaaS) is reshaping Indonesia’s financial ecosystem by enabling non-banking entities to offer regulated financial products to millions of underbanked individuals. This innovation is at the forefront of transforming digital banking across the archipelago.
BI boosts macroeconomic liquidity incentives to Rp295T for priority sectors
Governor of the Indonesian Central Bank (BI), Perry Warjiyo, said the monetary authority is determined to strengthen the effectiveness of the macroprudential liquidity incentive (KLM) policy implementation.
Economists warn of challenges, implications of free nutritional meals policy
The Free Nutritious Meals (MBG) program, a major initiative by the Prabowo Subianto-Gibran Rakabuming Raka administration, has drawn concerns from economists and policymakers over its financial sustainability and implementation challenges.
President Prabowo asked to be transparent on budget cuts for ministries, agencies
The Centre for Budget Analysis (CBA) has called on President Prabowo Subianto to provide a transparent explanation regarding the recent budget cuts across various ministries and state agencies, following the issuance of Presidential Instruction No. 1/2025 on Expenditure Efficiency in the Implementation of the State Budget (APBN) and Regional Budget (APBD) for the 2025 Fiscal Year.
Rosan stresses Indonesia’s 8-percent growth target by 2029 at World Bank event
Minister of Investment and Downstream/Head of the Investment Coordinating Board, Rosan P. Roeslani, renews the Indonesian government’s commitment to achieve 8-percent economic growth by 2029 driven by investment and industrial transformation.
House passes Law on State-owned Enterprises
The House of Representatives (DPR) passed the third amendment bill to Law No. 19/2003 on State-Owned Enterprises (SOEs) into law during the 12th Plenary House Session Period of Session Year 2024-2025 at the Nusantara II Building in Senayan, Central Jakarta on Tuesday, February 4, 2025.