TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search results
The Financial Transaction Reports and Analysis Center (PPATK) has officially reopened access to approximately 31 million bank accounts across 105 banks, following intense public backlash. These accounts had previously been frozen on the grounds of dormancy. According to the Financial Services Authority (OJK), 9,487 formal complaints regarding unprompted account freezes were received via its official platform, the APPK, as of July 14. Since this figure only includes submissions through one channel, the actual number of grievances reported directly to banks is likely much higher.
The seemingly positive fiscal trajectory hides a deeper vulnerability: the growing burden of debt servicing, which is steadily consuming a significant portion of the government’s revenue and narrowing its fiscal space.
