#financial system

Collection of financial system news, found 497 news.

Indonesia's forex reserves in October remain high at US$133.7 billion

Indonesia's foreign exchange (forex) reserves at the end of October 2020 stayed high at US$133.7 billion, albeit ...

Pension ecosystem reform encourages medium-, long-term growth

Deputy Minister of Finance Suahasil Nazara stressed on the need to reform the country’s pension ecosystem to make ...

Indonesia's foreign exchange reserves in Sept decline to US$135.2b

Indonesia's foreign exchange reserves at the end of September 2020 remained high at US$135.2 billion, albeit ...

Monetary council in revised BI law to be problematic: MPR

People's Consultative Assembly (MPR) Chairman Bambang Soesatyo opined that the government’s presence in a ...

Bank Indonesia continues to strengthen synergic monetary expansion

Bank Indonesia continues to strengthen synergic monetary expansion through the acceleration of fiscal stimuli by the ...

BI 7-Day Reverse Repo Rate held at four percent

Bank Indonesia (BI) Board of Governors agreed, Sept 16-17, to hold the BI 7-Day Reverse Repo Rate at four percent while ...

KADIN supports government's handling of COVID-19 pandemic

The Indonesian Chamber of Commerce and Industry (KADIN) is committed to supporting the government's move to handle ...

DCG enters into bitcoin mining with newest subsidiary: Foundry

Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, today ...

Kadin calls to strengthen financial system for economic recovery

The Indonesian Chamber of Commerce and Industry (Kadin) has encouraged the government's efforts to strengthen the ...

People's safety is highest principle of state governance: DPR speaker

House of Representatives (DPR) Speaker Puan Maharani laid emphasis on the fact that the people's safety is the ...

Indonesia's forex reserves soar to US$131.7 billion in June-end

Bank Indonesia recorded Indonesia's foreign exchange reserves to reach US$131.7 billion at the end of June 2020, an ...

Domestic banking industry remains robust: Perbanas

The domestic banking industry has fared relatively well and has remained strong in the midst of the pandemic, as ...

Government disburses Rp52.57 trillion to 12 SOEs for economic recovery

The government disbursed funds amounting to Rp52.57 trillion to 12 state-owned enterprises (SOEs) to expedite the ...

COVID-19 handling costs total Rp677.2 trillion: Minister Indrawati

Total costs incurred by the government to tackle the COVID-19 pandemic in Indonesia reached Rp677.2 trillion, according ...

BI keeps benchmark rate unchanged at 4.5%

Bank Indonesia (BI) has decided to keep the 7-Day Reverse Repo Rate unchanged at 4.5 percent after a meeting of its ...