The rumor that the government plans to create a Sovereign Wealth Fund has been snowballing recently.
Asuransi Jiwasraya default case has become the government’s housework as a shareholder, not only a matter of paying off claims to customers, but also efforts to save the state-owned insurer since the polemic may cause multiple effects.
Bank consolidation is still naturally happening, considering the Indonesian finance authority keeps pushing regulations to strengthen the banking capital.
Clouds hung over the financial industry last week after the OJK temporary suspended the trading of investment products owned by PT Narada Aset Manajemen since the investment company defaulted on shares of securities valued at Rp 177.78 billion.
In the midst of weak financial literacy, the financial technology (Fintech) industry that is utilising the development of information technology to approach customers continues to grow.