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View all search resultsBank Indonesia (BI) has reiterated its use of triple intervention policies to stabilize the market, supported by large foreign exchange reserves, which stood at US$155.7 billion in December 2024. However, volatility persists, often following political events related to the US government.
Despite setbacks, sustainability initiatives will likely continue, driven by investor and consumer pressure which put environmental, social,and governance (ESG) concerns as priority, and long-term economic benefits like energy efficiency and renewable energy sources continue to be proven cost-effective, thus making sustainability initiatives attractive.
Amid global pressures, Indonesia’s economic growth in 2024 and 2025 is projected to remain stable at around 5.0 percent to 5.1 percent. One of the main challenges lies in uneven domestic consumption patterns.
State-owned Bank Mandiri continued to record an impressive performance in the second quarter of this year (Q2 2024), as reflected in the realization of consolidated credit extensions reaching Rp 1.532 quadrillion in the first half of 2024, which marked 20.5 percent growth year-on-year (yoy).
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