#Financial
Former prosecutor jailed for embezzling Rp11.7 B in robot trading fraud case
Former prosecutor at the West Jakarta District Attorney Office, Azam Akhmad Akhsya, has been sentenced to seven years in prison after being found guilty of embezzling Rp11.7 billion (US$700,000) in evidence money from a fraudulent investment case involving the Fahrenheit trading robot platform. He was also fined Rp250 million, with a subsidiary sentence of three months in jail if the fine is not paid.
Amran seeks budget hike to US$2.79 B to gain food self-sufficiency, boost strategic plantations
Minister of Agriculture Andi Amran Sulaiman on Monday, July 7, 2025 proposed raising the ministry’s 2026 budget from the indicative ceiling of Rp13.75 trillion (US$859 million) to Rp44.64 trillion (US$2.79 billion).
House confirms Ricky Perdana Gozali as New BI Deputy Governor
The House of Representatives (DPR) has approved Ricky Perdana Gozali as Deputy Governor of the Indonesian Central Bank (BI) for the 2025–2030 term following a fit and proper test conducted by the House’s finance and monetary affairs Commission XI.
Ex-PPATK chief warns of rampant illicit funds flowing through customs system
Yunus Husein, former Head of Indonesia’s Financial Transaction Reports and Analysis Center (PPATK), has raised serious concerns about widespread flow of illicit funds allegedly passing through the Directorate General of Customs and Excise.
BI ready to cooperate on QRIS payment system with the U.S
The Indonesian Central Bank (BI) has expressed its readiness to cooperate with the United States in using the Quick Response Code Indonesian Standard (QRIS) digital payment system.