Acquisitions Avert Bank Crisis

Three banks in the United States went bankrupt in just one week in March 2023. It is the worst bank failure since the 2008 crisis.

The Danger of Silicon Valley Bank's Bankruptcy

Silicon Valley Bank (SVB) went bankrupt on 10 March 2023. The failure of this bank, which lends to tech startups, is the largest in the United States since the 2008 financial crisis.

Finance Ministry Officials' Unreasonable Assets

The public spotlight on the Finance Ministry officials’ assets is widening. The Corruption Eradication Commission (KPK) has summoned four. The number of called officials is likely to increase.

Pile of NPLs in Fintech Lending Firms

OJK is monitoring nonperforming loans in several Peer-to-Peer (P2P) lending firms. Currently, 18 of 102 P2P lenders have nonperforming loans (NPLs) above 5%.

Pandemic Fund, Great Crisis Prevention Funds

Indonesia initiated the establishment of a pandemic funding agency or Pandemic Fund. This institution was launched on the sidelines of the G20 Summit in Bali on Sunday, 13 November 2022.

MRT Jakarta Phase 2 Construction Cost Rises

The construction of the MRT Jakarta phase 2 experienced an increase in costs due to changes in development plans and an increase in the price of project construction materials.

YouTube Content Becomes Debt Collateral in Banks

YouTubers can pledge their content to apply for debt to financial institutions. This collateral is regulated in Government Regulation (PP) No. 24/2022 on Creative Economy.