Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsIndonesia Investment Authority (INA), the country’s first sovereign wealth fund, has no immediate plans to issue debt, because it has sufficient capital to fund investments, its new chief executive says, despite recent market volatility weighing on some of its portfolio.
Behind the record-breaking profits of Indonesia’s industrial fishing fleet lies a predatory system of legal fictions and debt bondage that leaves the very workers fueling the industry with less than the price of a pack of cigarettes.
President Prabowo’s visionary fiscal address signals a bold shift toward a state-driven, developmental state model aimed at unleashing Indonesia’s economic potential—but its ultimate success hinges entirely on dismantling the entrenched governance and bureaucratic failures of the past.
The Financial Services Authority (OJK) has reported that outstanding loans from financial technology (fintech) lending services, locally known as pindar, reached Rp 101.03 trillion (US$6.1 billion) as of March, underscoring the rapid expansion of Indonesia’s online lending sector and the growing difficulty of containing its risks. Of that amount, the aggregate non-performing loan risk rate, measured by the industry’s TWP90 indicator, which tracks loans overdue by more than 90 days, stood at 4.52 percent in March, significantly higher than the 2.77 percent recorded in March 2025.
Housing is shifting inexorably from a milestone to a mirage in Indonesia. With a national backlog of 15 million houses, housing affordability has turned into a crisis spanning income groups, pushing many families to rent rather than buy. The government’s proposed 40-year mortgage scheme might ease monthly payments but raises a harder question: Does extending debt across most of a person’s productive life solve the housing crisis or merely redefine what desperation looks like?
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.