Get Ready for Bank Indonesia's Tighter Liquidity

Bank Indonesia will reduce government securities (SBN) purchases to Rp 224 trillion next year, besides slashing liquidity injections to banks to spur credit disbursement.

Fintech Challenge: No More Super Lenders

The Financial Services Authority (OJK) will limit fintech funding from super lenders to encourage contributions from public or retail lenders.

Four Digital Banks to Raise Funds through Rights Issue

Towards the end of the year, four banks planning to transform into digital ones are conducting rights issues. They are backed by strong shareholders, from PT Bank Rakyat Indonesia Tbk to Chairul Tanjung, Alibaba, and Anthony Salim.

The Story Behind KB Bukopin Board Overhaul

PT Bank KB Bukopin Tbk announces the new management and board of commissioners at the extraordinary shareholders meeting on November 19. Eugene K. Galbraith will reportedly oversee the bank’s reform after the shareholder debacle some time ago.

Bank Muamalat Prospect Under New Investor

The first Islamic bank in Indonesia, PT Bank Muamalat Indonesia Tbk, will carry out a rights issue of Rp 1.2 trillion and issue subordinated Sukuk worth Rp 2 trillion. The funds raised will be allocated to strengthen the bank's capital.

The New Chapter of Bank Muamalat

The Indonesian government has rescued the first Islamic bank in Indonesia, PT Bank Muamalat Indonesia, through the Hajj Fund Management Agency (BPKH). It has to inject Rp 3 trillion worth of capital into the bank despite completing it through grants.

Crypto Asset Trading in Indonesia: New Dawn

Commodity Futures Trading Regulatory Agency’s Regulation No. 8/2021 is available for download at the end of this article.

Constrained Funding Hampers Smelter Projects

The Asian Development Bank (ADB) and the World Bank are committed to no longer providing funding for smelter projects in Indonesia. Currently, there are 12 smelter projects that are experiencing funding problems.

IFC and Morgan Stanley Pump US$433 Mln to Alpha JWC

Indonesia-based venture capital firm Alpha JWC Ventures raises US$433 million in a funding round involving several global investors, such as the International Finance Corporation (IFC) and Morgan Stanley Alternative Investment Partners.