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View all search resultsPT Bank Woori Saudara Indonesia 1906 (BWS) held its Annual General Meeting of Shareholders (AGMS) for the 2024 fiscal year at its headquarters in the Treasury Tower, District 8 SCBD Lot 28, Jl. Jend. Sudirman Kav 52-53, South Jakarta.
The recent launch of Indonesia's first bullion bank, within the framework of a 2023 financial development law and an OJK regulation, marks a significant step forward in the country's potential entry to the global gold market, as well as greater wealth and economic self-sufficiency.
The 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.
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