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View all search resultsThe government plans to increase the Housing Credit Program to Rp 50 trillion in 2026 from Rp 36 trillion after disbursement of the subsidized loans surpassed half of the government’s target, benefiting more than 91,000 borrowers nationwide.
Experts warned that turning PNM into a special mission vehicle (SMV) under the Finance Ministry risks duplicating existing institutions without tackling core issues like risk assessment, access and borrower repayment capacity.
An ongoing report by environmental groups suggests that the banking and financial services sector should be liable for deforestation, as they continue to provide services to clients driving massive fires that raze swathes of land and tropical forest cover in countries like Indonesia.
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