BI Records Foreign Capital Inflows into Indonesia Reaching Rp 7.10 Trillion

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Bank Indonesia (BI) has recently reported significant foreign capital inflows into the domestic financial market, amounting to Rp7.10 trillion during the second week of...

No Longer Free, Bank Indonesia Imposes MDR Fees for QRIS Transactions

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In a recent development, Bank Indonesia (BI) has implemented the Merchant Discount Rate (MDR) for merchants utilizing the Quick Response Indonesian Standard (QRIS) services....

Simplified Non-Tax State Revenue: Ministry of Finance Enhances Service Delivery at...

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The Ministry of Finance has recently taken steps to simplify the types and rates of Non-Tax State Revenue (PNBP) at the Ministry of Agriculture...

Foreign Investors Display Growing Confidence in Indonesian Market as Funds Flow...

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Foreign investors are displaying increased confidence in entrusting their funds for investment in Indonesia. This is demonstrated by the substantial influx of foreign capital...

Bank Indonesia Anticipates Ripple Effects from Successive Interest Rate Hikes by...

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Deputy Governor Senior of Bank Indonesia (BI), Destry Damayanti, has expressed the institution's anticipation of the ripple effects that may arise from the Federal...

Bank Indonesia Reports Decline in Foreign Exchange Reserves, Assures Adequate Levels...

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Bank Indonesia (BI) has released a report stating that Indonesia's foreign exchange reserves reached a value of US$137.5 billion in June 2023, indicating a...

Buy Now Pay Later Trend Gains Momentum among Indonesian Consumers, OJK...

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The Buy Now Pay Later (BNPL) trend is experiencing a surge in popularity among the Indonesian population. According to recent data released by the...

Strong Growth in Tourism Sector Boosts Hotel and Restaurant Tax Revenues...

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The dynamic activities in the tourism sector have resulted in a remarkable surge in hotel and restaurant tax revenues until May 2023, surpassing the...

Banking Credit Thrives, Reaching Rp 6.577 Trillion in May 2023

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The recent announcement by the Financial Services Authority (OJK) reveals that the banking credit has experienced a substantial growth, with an impressive 9.39 percent...

Indonesia’s Rise to Upper Middle-Income Country, Here Are Its Impact on...

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In the midst of a highly uncertain global landscape, Indonesia has once again achieved an impressive milestone by reclaiming its position as an upper...

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