Tag: Finance

The Financial Services Authority (OJK) has officially signed a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA), leading to the acknowledgment of PT Kliring Penjaminan Efek Indonesia (KPEI) as a Third Country Central Counterparty (TC-CCP) in the European market. […]

PT Bank Central Asia Tbk (BCA) and its subsidiaries announced an impressive net profit of over IDR 30 trillion. […]

Indonesian state-owned electricity company PT PLN (Persero) signed a memorandum of understanding (MoU) with the China Development Bank (CDB) to expedite the energy transition. Under this agreement, CDB reaffirms its commitment to provide financial support for PLN’s energy transition initiatives in Indonesia. […]

Citibank, N.A. Indonesia (Citi Indonesia) has signed a collaboration agreement with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to implement a sustainable supply chain finance (SSCF) program, amounting to approximately US$ 30 million (IDR 470.95 billion) with a 90-day tenor. […]

The Ministry of Finance is currently preparing regulations to implement the carbon tax for industries. […]

The Business Competition Supervisory Commission (KPPU) has initiated an investigation into allegations interest rates fixing practicing on loans provided by online lenders to borrowers. […]

The Financial Services Authority will be regulation how banks should distribute their dividends to shareholders to maintain healthy business. […]

Indonesian Coal Mining Association (APBI) claimed that the new policy will impose burden on the company cash flow, working capital, and operational costs. […]

Bank Indonesia (BI) ensured that the development of the Garuda Project or digital rupiah currency is still on-progress. […]

Bank Indonesia (BI) imposed a new regulation on export proceeds (DHE) in accordance with Presidential Regulation No. 36 of 2023. […]

Six million customer data was leaked from PT Bank Central Asia Tbk (BBCA)’s MyBCA application database by hackers. […]

The continuous proliferation of QRIS and more advanced forms of payments raises the bar on the competition between digital wallets and banks. […]

Bank Indonesia (BI) will impose progressive rates on the Quick Response Code Indonesian Standard (QRIS) for transaction fees for micro traders. […]

Exporters from the mining, plantation, forestry, and fisheries sectors are required to place a minimum of 30 percent of their foreign exchange earnings into a special domestic account for a period of 3 months. […]

Debt write-off refers to erasing the debtor’s obligation for a credit that cannot be repaid, while book write-off is an administrative action to remove a credit that falls under the non-performing category. This is done without relinquishing the right to claim the debt. […]

The Financial Services Authority will gradually increase the minimum paid-up capital requirement for insurance companies. […]

Bank Indonesia (BI) set a 0.3% service fee for QRIS transactions starting on July 1, 2023. The fee will be attributed to merchants, not customers. […]

Greenwashing is a practice where asset management companies and banks enhance their image as providers of green financing in order to attract new customers, while at the same time finance businesses that damages the environment. […]

Minister Erick Thohir inaugurates a joint office for SOEs located within the premises of the BNI Branch in Hong Kong, at the Far East Finance Center, 16 Harcourt Rd, Admiralty, Hong Kong. […]

Bank Indonesia (BI) will integrate cross-border payment systems with the Quick Response Code Indonesian Standard (QRIS) network with Singapore. Payment in foreign currencies will be converted into the respective currency and deducted automatically. […]

Bank Indonesia (BI) expressed its readiness to redenominate the Rupiah. Despite this, several experts have shed light on the risks and challenges. […]

Grab, the Singapore-based decacorn, has made the difficult decision to initiate another round of layoffs, resulting in plummeting stocks. […]

The Ministry of Trade had reported a growing prevalence of illegal imports. In 2022, the estimated value of illegal imports reached IDR 214.7 billion. […]

West Java is leading with an investment value of IDR 174.6 trillion, followed by DKI Jakarta with IDR 143 trillion. […]

Observer believed that the government should proceed with IKN development slowly instead of offering too many incentives. […]

The House of Representatives’ Budget Agency approved an additional IDR 15 trillion for the Nusantara Capital City (IKN) development. […]

Google has unveiled Startups Cloud Program, promising financial boost to Indonesian startups using artificial intelligence (AI) technology.  […]

State-owned oil and gas company Pertamina has secured funding for the Balikpapan refinery development project. The project si said to improve the production capacity and quality of the Balikpapan refinery. […]

The Indonesian Government will increase its share ownership in Freeport as the company divest another 20% of its shares in exchange for permit extension. […]

Indonesian electric transportation company, PT Teknologi Mobilitas Tbk will conduct an IPO. The company targeted to raise fresh funds of up to IDR 1.1 trillion. […]