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View all search resultsThe Foreign Ministry has issued a counterstatement emphasizing Indonesia's adherence to international law in all maritime policies after the finance minister's backtracked suggestion referring to Iran's transit levy in the Strait of Hormuz.
The International Monetary Fund and foreign investors see Indonesia as one of the world’s “bright spots” with strong economic fundamentals and resilience, despite the country’s vulnerability to global economic turmoil, according to Bank Indonesia.
OJK has projected credit in the micro, small and medium enterprises (MSMEs) segment to grow between 7 percent and 9 percent this year, while overall loan growth is expected to reach between 10 and 12 percent.
The OJK as well as industry observers have welcomed the Finance Minister's move to extend the liquidity injection policy for another six months in a bid to generate higher loan growth, while suggesting that a subsequent extension could be on the books when the current period ends in March.
A controversial social media post by a recipient of a state-funded Endowment Fund for Education (LPDP) scholarship about her child’s foreign citizenship has sparked a widespread backlash and drawn government scrutiny, reigniting a debate over the program’s mandatory return-to-Indonesia requirement.
As the government scrambles to shore up tax and excise revenues, a wave of corruption arrests targeting tax and customs officials has exposed deep governance problems within Indonesia’s revenue-collecting agencies. The Corruption Eradication Commission’s (KPK) recent raids have prompted Finance Minister Purbaya Yudhi Sadewa to carry out large-scale bureaucratic rotations at both the tax and customs offices. Yet questions remain over whether these measures can deliver lasting reform or meaningfully improve revenue collection.
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