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Regulations 1 month ago
Destry frontrunner to be Bank Indonesia governor, source says
Indonesian President Prabowo Subianto will move quickly to appoint a new central bank governor and interim head Destry Damayanti is the frontrunner for the role, a source with direct knowledge of the matter told Reuters.
Opinion 2 months ago
PREMIUM
Analysis: Perry’s resignation revives questions over BI independence
Bank Indonesia (BI) Governor Perry Warjiyo has resigned, becoming the latest senior fiscal and monetary policymaker to leave office over the past year. After more than four decades helming the central bank, his decision to step down in the middle of his second term comes at a time of heightened global economic uncertainty, mounting domestic fiscal pressures and weakening market confidence. Perry’s departure has reignited debate over the central bank’s independence amid growing state policy priorities.
Regulations 2 months ago
PREMIUM
Purbaya clarifies Danantara’s role as 'invitee' in KSSK meetings
The state asset fund will simply join next Monday's KSSK meeting as an "invitee" without voting rights, the finance minister has explained, citing the P2SK Law as permitting its participation, but at least two top economists are skeptical that its very presence and inputs might color the committee's decisions.
Regulations 2 months ago
PREMIUM
Lawmakers, Purbaya butt heads over Rp 370t excess cash management
Experts noted that the risk of banks getting too reliant on the funds “is real” and a dependency cycle might materialize as banks grow accustomed to the idea that the funds are a “permanent source of liquidity”.
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