Indonesia Confident of Capital Inflow Reversal Amid Global Headwinds and Domestic Reforms

Jakarta, Indonesia – Despite a prevailing trend of capital outflow from its financial markets, Indonesia’s financial authorities remain steadfastly optimistic about a forthcoming reversal. Friderica Widyasari Dewi, Chair of the…

Government Deepens Foothold in GoTo, Pledging Enhanced Driver Welfare and Industry Reforms

Jakarta, CNBC Indonesia – The Indonesian government, through its strategic investment vehicle, the National Investment Management Agency (Badan Pengelola Investasi Daya Anagata Nusantara, or Danantara), has formally solidified its position…

Indonesia’s Hajj Fund Rocked by Rp161 Billion Misuse, BPK Demands Urgent Reforms

The Financial Audit Agency (BPK) has uncovered significant irregularities in the management of Hajj funds for the 1446H/2025M pilgrimage, revealing that a staggering Rp161.73 billion (approximately USD 10.4 million, based…

OJK Unveils Sweeping Reforms to Accelerate National 3 Million Homes Program, Bolstering UMKM Access to Housing Finance

Jakarta, Indonesia – The Financial Services Authority (OJK) has announced a robust package of policy reforms and strategic initiatives aimed at significantly accelerating Indonesia’s ambitious national priority program to provide…

Indonesia Considers Sweeping Reforms to Foreign Property Ownership Laws Amidst Divided Opinions and Economic Imperatives

The Indonesian Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) is actively deliberating significant revisions to Government Regulation (PP) No. 41 of 1996 concerning foreign ownership of property…

PT Taspen Commences Repayment of Civil Servant Housing Savings (Taperum PNS) Amidst Broader Welfare Reforms

PT Taspen (Persero), the state-owned enterprise entrusted with managing social insurance programs for civil servants, is set to initiate the repayment of Tabungan Perumahan Pegawai Negeri Sipil (Taperum PNS) funds…