Indonesia's government plan to divest BSI shares to global investors aims to establish a prominent Shariah bank. Yet, the offer for minority shareholding may raise doubts among investors.

BTN aims to complete due diligence by April, but concerns arise from parliament's warnings about the bank's financial history.

Mitsui invests in LinkAja, becoming the third non-SOE investor after Grab and Gojek—a strategic Move for Mitsui and affiliates.

The government requires increased revenue to meet various budgetary demands for ongoing and new priority programs. However, tax rate hikes are unpopular decisions for Jokowi in his final term or Prabowo in his first term.

Auto financing frenzy: another five multifinance companies to be acquired by foreign investors.

Overall, in the banking industry, credit growth in 2023 was lower than the previous year. LPS highlights placements in non-productive investment instruments.

Indonesia's shariah banking industry to welcome major new entity.

Kredivo Group has just launched a digital bank named Krom, revving up by offering high deposit interest rates and waiving specific service fees.

The Indonesian government targets GDP growth to be 5.3-5.6 percent by 2025, gradually moving away from the 'curse' of five percent GDP growth.

The Indonesian government claimed to have been able to collect a value-added tax of up to Rp 17.56 trillion from digital companies. However, many believed that the uncollectable tax remained huge.