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Regulations 1 month ago
PREMIUM
Purbaya clarifies Danantara’s role as 'invitee' in KSSK meetings
The state asset fund will simply join next Monday's KSSK meeting as an "invitee" without voting rights, the finance minister has explained, citing the P2SK Law as permitting its participation, but at least two top economists are skeptical that its very presence and inputs might color the committee's decisions.
Regulations 2 months ago
PREMIUM
OJK looks to PFII for local banks to expand their services
The Financial Services Authority (OJK) has proposed implementing universal banking in the planned Indonesia International Financial Center (PFII) to streamline business licensing and boost the country’s investment appeal.
Tech 2 months ago
PREMIUM
Banks saw online gambling transactions surge 260% in 2025: OJK
The banking industry has seen a whopping 260 percent increase in suspected online gambling transactions from 2024 to 2025, according to the OJK, which is working to enhance interinstitutional system integration, enforcement coordination and technological capacity to crack down on the evolving criminal sector.
Regulations 2 months ago
PREMIUM
Govt banks on Rp 500t inflows to international financial center
The planned Indonesia International Financial Center (PFII) will attract massive foreign capital inflows, the government has claimed, but economists view that as a long-term aspiration rather than a realistic near-term goal, pointing to the challenges of taking on global hubs with long-term track records.
Economy 2 months ago
PREMIUM
No end in sight for MSME lending woes
Bank lending to micro, small and medium enterprises (MSME) remains sluggish despite multiple policy efforts to invigorate the segment. Analysts blame weak consumer spending power and the risky credit profile of many small businesses.
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