# finance

Finance Minister Urges Critics to 'Go Back to School' Over Economy Concerns

Finance minister rebukes economists for alarmist views, urging data-based analysis amid concerns over rising oil prices.
Business Mar 26, 2026 | 7:02 pm

Rp 100 Trillion Lifeline for Banks, but Questions Linger Over Economic Spillover

Indonesia adds Rp 100T to banks to ease liquidity and curb bond yields, but economists warn impact may stay in financial markets.
Business Mar 26, 2026 | 1:47 pm

Indonesia Gives Listed Firms One Year to Meet 15% Free Float Rule

Indonesia gives listed firms until March 2027 to meet a 15% free float rule, aiming to boost liquidity and strengthen governance.
Business Mar 26, 2026 | 2:08 am

Finance Minister Purbaya Suspects Vendor Behind Coretax System Complexity

The finance minister suspects Coretax system issues may be deliberate, warns of action against vendor amid ongoing access problems.
Business Mar 25, 2026 | 6:30 pm

Budget Cuts Risk Dragging Growth if Done Blindly, Economists Warn

Economists warn aggressive, poorly targeted budget cuts could slow growth, urging smarter reallocations over across-the-board trimming.
Business Mar 18, 2026 | 5:04 pm

Indonesia Prepares Contingency Plan if High Oil Prices Persist

Indonesia may cut spending and revise its deficit cap if oil prices remain high for long, though current fiscal pressures remain manageable.
Business Mar 16, 2026 | 6:01 pm

Government Borrowing Lifts Indonesia External Debt to $434.7 B, Bank Indonesia Reports

Indonesia’s external debt reached $434.7B in Jan. as government borrowing increased while private-sector external debt continued to decline.
Business Mar 16, 2026 | 1:42 pm

Indonesia Weighs Deficit Above 3% as Oil Risks Mount, Minister Purbaya Says

Finance Minister Purbaya says the government is still assessing whether Indonesia’s budget deficit could widen beyond the 3% legal limit.
Business Mar 13, 2026 | 1:23 pm

Muhammadiyah Says Crypto Allowed as Investment, Not Currency

Muhammadiyah rules crypto permissible as an investment asset under sharia but not as a payment method.
Business Mar 12, 2026 | 2:32 pm

Indonesia Customs Revenue Falls 14.7% as Tax Collection Surges 30%

Tax revenue increased by about Rp 57 trillion compared with January–February 2025, helping the government accelerate spending programs.
Business Mar 11, 2026 | 11:08 pm

New OJK Chair Friderica Pledges Stronger Oversight and Investor Protection

The House confirms Friderica as chair of the Financial Services Authority, pledging stronger oversight and consumer protection.
Business Mar 11, 2026 | 9:01 pm

Prabowo Targets $50 Billion Annual Contribution From Danantara

President Prabowo sets $50 billion annual contribution target for sovereign wealth fund Danantara from a minimum 5% return on assets.
Business Mar 11, 2026 | 7:39 pm

Finance Minister Dismisses 'Overheating' Concerns as Inflation Hits 4.76%

Purbaya says the uptick in inflation data does not accurately reflect underlying inflationary pressures.
Business Mar 11, 2026 | 7:36 pm

Finance Minister Drops Plan to Dissolve Customs Directorate After Reform Progress

Purbaya drops plan to dissolve the Customs Directorate after reforms and improved performance earn praise from President Prabowo.
Business Mar 11, 2026 | 2:44 am

Finance Minister Swears in 1,500 Officials, Issues Corruption Warning

Finance Minister Purbaya Yudhi Sadewa warns officials they are not above the law as he swears in 1,500 staff amid tax and customs reforms.
Business Mar 10, 2026 | 11:49 pm

Indonesia Won’t Cut Free School Meal Budget Despite Oil Price Surge

Indonesia will not cut its $19.7B free meal program despite rising oil prices that could increase energy subsidy costs.
Business Mar 9, 2026 | 3:38 pm

Indonesia Downplays Oil Price Spike as Minister Says Fiscal Risks Manageable

Indonesia says rising oil prices could increase subsidy costs but insists fiscal stability remains intact.
Business Mar 9, 2026 | 3:23 pm

Indonesia Stock Market Loses $68 Billion in Value Amid Global Turmoil

Indonesia’s stock market lost $68B in value in a week as global tensions linked to US-Israel strikes on Iran rattled investors.
Business Mar 8, 2026 | 6:31 am