JAKARTA, Jakartaweekly.com — In the widely circulated final draft of the Asset Forfeiture Bill, there are several key facts worth noting. These range from the bill not specifically limiting asset forfeiture to corruption offenses to the types of assets that can be forfeited by the state. To help you better understand what is contained in […]
JAKARTA, Jakartaweekly.com—The six-month deadline for foreign venture capital companies already operating in Indonesia to obtain approval from the Financial Services Authority (OJK) for their representative offices has expired, with no company reportedly having met the requirements under the new regulation. Information circulating in the market indicates that no foreign venture capital company has yet complied […]
JAKARTA, Jakartaweekly.com—Through the final draft of the Asset Forfeiture Bill, the state has demonstrated its commitment to establishing a mechanism to seize assets suspected of being derived from or used in criminal offenses. This may be carried out through court proceedings and, under certain circumstances, without having to wait for the perpetrator to be criminally […]
JAKARTA, Jakartaweekly.com — Telecommunications companies’ revenues could come under pressure after the Ministry of Communication and Digital Affairs (Komdigi) prohibited operators from forfeiting customers’ unused internet data quotas and required them to provide several options to protect remaining data allowances. The Ministry of Communication and Digital Affairs (Komdigi) recently issued Ministerial Circular Letter No. 4 […]
JAKARTA, Jakartaweekly.com—Indonesia’s House of Representatives (DPR RI) has approved President Prabowo’s nomination of Destry Damayanti as the sole candidate for Governor of Bank Indonesia (BI). Destry underwent a fit and proper test with DPR’s Commission XI on Wednesday, August 26, 2026. Commission XI Chairman Mukhamad Misbakhun announced the results of the deliberations on Thursday, August […]
JAKARTA, Jakartaweekly.com — Bank Mandiri’s decision to suspend transactions on a customer’s account at the request of law enforcement authorities could potentially undermine public trust in the state-owned lender, a banking expert has warned. Professor Dwi Hayu Agustini, a lecturer at the Faculty of Economics and Business at Soegijapranata Catholic University, said the political element […]
JAKARTA, Jakartaweekly.com — PT Aneka Tambang Tbk (Antam) has set the price of its Antam gold price bullion at Rp2,750,000 per gram on Monday (August 24, 2026), according to the latest Logam Mulia price update released at 8:30 a.m. WIB. Today’s Antam gold price showed an increase compared with the previous week. On Monday, August […]
JAKARTA, Jakartaweekly.com—Kartu Kredit Indonesia (KKI) is one of the latest payment system alternatives introduced by Bank Indonesia (BI). Following its launch, several banks designated by BI immediately began issuing credit cards bearing the KKI logo. So, what exactly is the difference between credit cards bearing the KKI, Visa, and Mastercard logos? BI explained that the […]
JAKARTA, Jakartaweekly.com— That morning, activity at a community health center, or Puskesmas, in Jakarta was much like any other day. Patients came and went. Some sat waiting for their turn to be examined, while health workers were busy attending to the needs of the community. Among them was Prasetyo, a private-sector employee who had not […]
JAKARTA, Jakartaweekly.com — The launch of Kartu Kredit Indonesia (KKI), Indonesia’s domestic credit card scheme, is seen as having the potential to strengthen the country’s independence in its domestic payment system. However, the success of the domestic payment instrument will depend largely on the economic benefits it offers to consumers and businesses. Permata Bank Chief […]
