Indonesia seeks a substantial amount for soft loans or grants under JETP, reminding developed nations' historical contributions to climate change.
The number of foreign financial companies acquiring domestic multifinance entities is increasing. The most recent one is the Mandala Multifinance (MFIN) acquisition by the Japanese financial group MUFG Bank Ltd.
The banking service system of PT Bank Syariah Indonesia Tbk (BRIS), or BSI, has been compromised for several days since May 8 during maintenance work.
A statement made by Coordinating Minister for Political, Legal and Security Affairs Mahfud MD regarding suspicious transactions worth Rp 349 trillion involving Finance Ministry has been in the public spotlight in recent weeks.
Market confidence has not returned to normal even though US and Swiss regulators have stepped in. Indonesia's central bank and financial authority are confident but cautious.
Insurance SOEs bear a heavy burden on credit guarantees. The state is on the frontline.
More than 500 bankruptcy cases were registered so far this year. A total of 15 public companies are facing bankruptcy claims. Meanwhile, more than Rp 800 trillion in loans from millions of MSME and non-MSME debtors had undergone restructuring.
Banks are under massive pressure due to the high number of NPLs, despite implementing COVID-19-related programs of credit restructuring. Since May, the NPL ratios have reached three percent of total bank credit.
Circulating news that Bank Bukopin is facing liquidity shortages had put the national banks' resilience amid the pandemic into the spotlight.
The rumor that the government plans to create a Sovereign Wealth Fund has been snowballing recently.