Banks in Indonesia Close 12,227 ATMs, Indicating Rapid Digitalization and Efficiency
In an era where digitalization permeates every aspect of life, banking sector in Indonesia is no exception. Over the past five years, the number...
Highest Since 2019, Indonesia’s Economic Growth Reaches 5.11% in Q1 2024
Indonesia's economic engine revved up in the first quarter of 2024, clocking in a notable 5.11% year-on-year growth. Despite a slight 0.83% contraction compared...
De-dollarization Continues, Cross-Border LCT Transactions Surge by Over 100%
In a bid to lessen reliance on the US dollar (de-dollarization), Indonesia is ramping up efforts in Local Currency Transactions (LCT). The latest data...
Rupiah Falls to Rp16,000 Against Dollar, Bank Indonesia Ensures to Steady...
Following the post-Eid holiday period, the Indonesian rupiah has taken a sharp nosedive, breaching the critical level of Rp16,000 against the US dollar. This...
Bank Indonesia Highlights 3 Major Challenges Threatening Financial System Stability
Bank Indonesia (BI) has identified three significant challenges that continue to impact Indonesia's financial system stability. Deputy Governor Juda Agung outlined these challenges and...
Indonesia’s Economic Performance Astonishes G20 Advanced Countries, How Come?
In recent years, Indonesia's economic performance has garnered significant attention on the global stage. The latest buzz came from the G20 meeting in Brazil,...
President Jokowi Plans VAT Increase to 12% by 2025, Ministry of...
President Joko Widodo, commonly known as Jokowi, has been proactive in planning for the future, as far back as 2021, particularly concerning the proposed...
Indonesia’s Banking Sector Shows Resilience Amidst Global Challenges, Says OJK
The Financial Services Authority (OJK) has provided an assessment regarding the stability of Indonesia's banking sector amidst global challenges, particularly in the commercial property...
Indonesia’s Tax Ratio Still Low Compared to ASEAN and G20 Countries
Minister of Finance Sri Mulyani Indrawati has highlighted a concern regarding Indonesia's tax ratio in relation to its gross domestic product (GDP), stating that...
The Probability of Indonesia Entering a Recession is Only 1.5%
President Joko Widodo, known as Jokowi, has highlighted the economic situations of various countries worldwide, noting that nations like Japan and the United Kingdom...
