#Financial
Indonesia and UN partner to strengthen financial health amid rising digital fraud threats
Indonesia’s Financial Services Authority (OJK) has announced strong support for a new financial health initiative led by Queen Máxima of the Netherlands ‒ the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA) ‒ as the country confronts a surge in digital financial scams.
Pollux Hotels Group secures full CGIF guarantee for US$32 million sustainability-linked bond
PT Pollux Hotels Group is issuing its first Sustainability-Linked Bond (SLB) at up to Rp500 billion (US$32 million), backed by an unconditional and irrevocable guarantee from the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank (ADB).
Mahfud reveals Sri Mulyani’s alleged attempts to shield Finance Ministry officials from graft probes
Former Coordinating Minister for Political, Legal, and Security Affairs Mahfud MD accuses former Finance Minister Sri Mulyani Indrawati of being overly protective of her subordinates at the Directorate General of Taxes and the Directorate General of Customs and Excise during her tenure under President Joko Widodo and early in President Prabowo Subianto’s administration.
S&P Dow Jones-IDX launch three new stock indices to enhance Indonesia’s capital market
Global index provider S&P Dow Jones Indices (S&P DJI) and the Indonesia Stock Exchange (IDX) jointly launched three new stock indices aimed at providing global investors with new benchmarks while supporting the development of derivative products in Indonesia’s capital market.
Four defendants in Rp282 B Telkomsigma fictitious project case face different sentences
The Corruption Eradication Commission (KPK) has demanded prison sentences ranging from four to four-and-a-half years for four defendants in the fictitious procurement project of servers and storage at PT Sigma Cipta Caraka (SCC) or Telkomsigma, valued at Rp282 billion (US$17.2 million).
MA grants judicial review, ex-House Speaker Setya Novanto released on parole
The Supreme Court (MA) has granted the judicial review application of former Speaker of the House of Representatives (DPR), Setya Novanto, a status allowing him to be released on parole from Sukamiskin Penitentiary in Bandung City, West Java.
Ex-Sritex boss named suspect in Rp1.08 T bank loan scandal
Iwan Kurniawan Lukminto, former President Director of giant textile company Sritex, has been named a suspect by the Attorney General's Office (AGO) in an alleged corruption case involving bank loans to the Surakarta-based textile company.
ICW calls for government transparency over alleged food trays price difference
Indonesia Corruption Watch (ICW) has criticized the lack of transparency in the procurement of food trays for the Free Nutritious Meal (MBG) program.
OJK cracks down on rising fraud cases in fintech lending sector
The Financial Services Authority (OJK) has acknowledged a growing trend of deliberate loan defaults and fraud in the country’s peer-to-peer (P2P) lending sector -- known as digital lending -- with a number of fintech startups under scrutiny for alleged financial misconduct.
Indonesia’s paylater debt reaches Rp31.55 T in June amid post-Ramadan surge
Indonesia’s total paylater debt soared to Rp31.55 trillion (US$1.9 billion) in June 2025, continuing its upward trajectory following the Idul Fitri celebrations at the end of March.
OJK to review dormant account regulations to safeguard banking stability
The Financial Services Authority (OJK) has announced plans to review regulations governing dormant bank accounts to ensure financial system stability and provide legal certainty for both banks and customers.
ADB President urges SE Asia to seize global uncertainty as catalyst for domestic reform
Asian Development Bank (ADB) President Masato Kanda has called on Southeast Asian nations, including Indonesia, to turn rising global economic uncertainty and trade tensions intensified by U.S. President Donald Trump’s tariff policies into opportunities for deep domestic reform and economic modernization.