# finance

Indonesia Draws $9 Billion in Foreign Portfolio Inflows Through June

Foreign investors have poured $9 billion into Indonesian securities this year as higher interest rates boosted market confidence.
Business Jun 29, 2026 | 8:15 pm

Government to Require Marketplaces to Collect VAT on Online Sales

Indonesia will require online marketplaces to collect VAT on merchants' sales, aiming to improve compliance and ensure fair competition.
Business Jun 29, 2026 | 5:18 pm

Chinese-Owned Steel Mill Generated $557 Million in Sales but Paid Less Than $1.1 Million in Taxes: Purbaya

The government is investigating a Chinese-owned steel mill after authorities found a large gap between its reported sales and tax payments.
Business Jun 25, 2026 | 9:32 pm

OJK Requires Financial Influencers to Obtain Licenses Under New Rules

The financial regulator will require financial influencers to obtain licenses or certifications before recommending certain products.
Business Jun 24, 2026 | 1:41 pm

Indonesia Welcomes MSCI Decision to Retain Emerging Market Status

OJK says MSCI’s decision to retain the country’s Emerging Market status validates ongoing capital market reforms.
Business Jun 24, 2026 | 1:21 pm

Former Federal Reserve Chairman Alan Greenspan Dies at 100

Greenspan’s tenure as Fed chairman – from August 1987 through January 2006 — was just five months shy of the longest Fed chairman’s tenure.
News Jun 22, 2026 | 6:55 pm

Indonesia Says Aggressive Rate Hikes Are Helping Stabilize Rupiah

Indonesia says recent rate hikes are helping stabilize the rupiah, though economists warn monetary policy alone is not enough.
Business Jun 21, 2026 | 9:53 pm

Bank Indonesia Cuts Foreign Currency Purchase Threshold to $10,000

Indonesia is tightening foreign exchange rules by lowering thresholds for undocumented currency purchases and transfers.
Business Jun 18, 2026 | 7:09 pm

OJK Nominates Seven IDX Directors, Jeffrey Hendrik Set to Remain CEO

Jeffrey would be appointed President Director of the Indonesia Stock Exchange after serving in an acting capacity.
Business Jun 18, 2026 | 2:25 pm

Purbaya Takes on $17 Billion in New AIIB Debt for Infrastructure Projects

Indonesia secures $17 billion in AIIB financing and welcomes plans for a Jakarta representative office.
Business Jun 18, 2026 | 11:29 am

Purbaya Courts Chinese Investors Ahead of Panda Bond Issuance

Indonesia is turning to China’s bond market to diversify funding sources and deepen bilateral financial cooperation.
Business Jun 17, 2026 | 3:04 pm

Danantara Raises $1.5 Billion in Debut Global Bond Offering

Danantara is considering issuing longer-dated bonds in the future, including securities with maturities of up to 30 years.
Business Jun 15, 2026 | 7:38 pm

Higher Mortgage and Auto Loan Rates Expected Within Six Months After BI Hike

The central bank has raised the BI Rate by a cumulative 75 basis points over the past two months as part of efforts to stabilize the rupiah.
Business Jun 14, 2026 | 9:25 pm

Bank Indonesia Says Higher Rates Are Attracting Foreign Capital Back

Foreign investor participation increased in SRBI instruments following the central bank's June 10 auction.
Business Jun 12, 2026 | 1:36 pm

Suharto-Era Finance Minister Says Current Rupiah Weakness Is Not a Repeat of 1998

“The situation today is very different from 1998. Back then, GDP growth had already fallen to negative 13%,” Fuad said.
Business Jun 12, 2026 | 1:30 am

Indonesia to Establish Renminbi Clearing Bank to Deepen Financial Ties With China

Indonesia and China have agreed to establish a renminbi clearing bank in Indonesia to expand local-currency transactions.
Business Jun 11, 2026 | 11:26 pm

Indonesia Targets Up to 6.5% Growth and 2.4% Budget Deficit in 2027

Indonesia has set a 2027 economic growth target of up to 6.5% while maintaining a budget deficit below the legal ceiling of 3% of GDP.
Business Jun 11, 2026 | 8:07 pm

Rupiah’s Sharp Decline Prompts Surprise Rate Hike, Governor Says

Bank Indonesia raised its benchmark interest rate to 5.50% after the rupiah weakened more sharply than policymakers had anticipated.
Business Jun 9, 2026 | 4:27 pm

Finance Minister Expects Rupiah to Recover to Rp 16,800–17,500 Range in 2027

Indonesia expects the rupiah to strengthen in 2027 as policymakers seek to preserve economic and financial-market stability.
Business Jun 9, 2026 | 3:55 pm