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View all search resultsfinance-ministry
Economy 7 months ago
PREMIUM
Ex-BI deputy replaces Tommy as deputy finance minister
In what appears to be a coordinated role swap, the President has appointed a former BI deputy governor to fill the deputy finance minister post left vacant by his nephew Tommy Djiwandono, who is set to take up his new job as BI deputy governor.
Regulations 7 months ago
PREMIUM
Prabowo's nephew enters race for senior central bank post
Deputy finance minister Thomas "Tommy" Djiwandono, who is also a nephew of President Prabowo Subianto, has been lined up to become a deputy governor of Bank Indonesia (BI), raising questions about the central bank’s independence.
Economy 7 months ago
PREMIUM
Bank loan growth inches up, but not in consumer, MSME segments
Credit growth rose 7.74 percent year-on-year (yoy) to Rp 8.3 quadrillion (US$493 billion) in November, accelerating from growth of 7.36 percent yoy in October, according to the Financial Services Authority (OJK).
Regulations 8 months ago
PREMIUM
Purbaya pulls $4.8b liquidity injection from banks to fuel govt spending
The injections are part of Rp 276 trillion in government deposits redirected from the government’s accounts at Bank Indonesia (BI) in September and November to support liquidity at state-owned banks.
Economy 8 months ago
PREMIUM
Govt orders more cuts to regional ‘inessential’ spending on flagship programs
Among the non-essential expenditures targeted by the joint circular signed by the finance and home ministers are ceremonial activities, official trips with “non-measurable” outputs and regional grants disbursed to other institutions.
Economy 8 months ago
PREMIUM
Revenue slump pushes fiscal deficit wider in November
State revenue reached just 82.1 percent of the full-year outlook in November, down 5.67 percent from the same period last year, while the budget deficit stood at 2.35 percent of GDP, noticeably higher than October's 2.02 percent, though the finance minister said this was "within manageable limits".
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