Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe Financial Services Authority (OJK) has explained new rules for innovative credit scoring (ICS) to assess the creditworthiness of people and small businesses that lack traditional credit histories.
According to Financial Services Authority (OJK) regulation, sharia banking units with assets exceeding Rp 50 trillion (US$3.04 billion) must either spin off into separate entities or merge their assets with other sharia banks within two years of crossing the threshold.
Bank Indonesia (BI) planned to increase the liquidity in the economy by buying government bonds (SBN) from the secondary market amounting to Rp 150 trillion ($ 9.25 billion) in 2025 through a debt switching mechanism. This expansive monetary policy aims to stabilize the rupiah after sequential depreciation against the United States dollar in December 2024. However, the risk of surging inflation may harm BI’s independence and credibility.
The focus of this year's UN Climate Change Conference is financing; specifically, setting an annual amount and devising an integrated sourcing scheme to ensure that the burden of addressing climate vulnerabilities does not fall on countries in the Global South, which contribute just one-tenth of global emissions.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.