#Finance
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.
Audax-AWS to drive Maybank Islamic’s digital transformation in Indonesia, ASEAN
Audax Financial Technology (“audax”), a digital banking technology solutions provider backed by Standard Chartered, has been appointed by Maybank Islamic Bhd, the Islamic banking arm of the Maybank Group, as partner to spearhead the digital transformation of its banking services.
DBS Bank Indonesia provides US$20 million in trade facility support for Indorama
DBS Bank Indonesia provides a Sustainability-Linked Trade Facility (SLTF) worth US$20 million (Rp326 billion) to spun-yarn and polyester manufacturing company PT Indorama Synthetics.
Indonesians’ Paylater debts soar, driving BNPL growth and rising loan defaults
The Financial Services Authority (OJK) revealed that Indonesian Paylater debts jumped by 48 percent from the same period of the previous year to Rp20.5 trillion (US$1.3 billion), while the Buy Now Pay Later (BNPL) receivables in financing companies and banks were recorded at Rp30.36 trillion.
Schroders to quit its Indonesian business unit after over 30 years of operation
Schroders, a British global fund manager, is planning to close its business in Indonesia after operating for over 30 years, a move associated with the management overhaul led by new CEO Richard Oldfield, who is focused on streamlining underperforming business units.
Balancing strategies for Indonesia's beef and milk self-sufficiency
By Dyah Maharani