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Regulations 6 months ago
PREMIUM
BI continues burden-sharing scheme, buys $12b worth of govt bonds
The central bank has announced a continuation of its burden-sharing scheme with the government and has purchased trillions of rupiah worth of government bonds this year, but an economist questions the legal basis for continuing a policy initially intended as a crisis response.
Opinion 6 months ago
PREMIUM
Analysis: BI cancels Payment ID rollout amid public privacy outcry
Bank Indonesia (BI) has cancelled the rollout of its Payment ID system, which was originally scheduled to launch on Aug. 17, Indonesia’s Independence Day. The system was designed to monitor transactions by assigning each Indonesian citizen a unique code linked to their national identification number (NIK). News of the launch sparked public backlash, as BI had yet to publish many of the system’s technical specifications.
Regulations 7 months ago
PREMIUM
Consumer groups urge BI not to invade privacy with Payment ID
Multiple consumer protection organizations warn that Bank Indonesia’s (BI) planned Payment ID infringes on personal privacy, while the central bank defends the platform, arguing that a user’s digital identity will only be used on the basis of consent.
Economy 7 months ago
PREMIUM
Consumer confidence inches up as Indonesians expect better times ahead
Bank Indonesia's monthly CCI improved slightly in July to indicate a more positive outlook among consumers, indicating that household spending could drive growth in the second half, though at least one economist has advised keeping an eye on the jobs figure and savings ratio for the medium term.
