ESG UPDATE

Economy & Finance

OJK Has Not Confirmed Reports That No Foreign Venture Capital Has Secured Approval

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 […]

1 month ago

Rupiah Under Pressure as Markets Await Economic Data

Jakartaweekly.com- The US dollar index strengthened in Wednesday’s (Aug. 26, 2026) trading session as investors focused on developments in the US-Iran conflict and a number of key events involving the US Federal Reserve. Economic, currency and commodity analyst Ibrahim Assuaibi said external factors remained among the main drivers of movements in the foreign exchange market. […]

1 month ago

Creative Economy Minister Eyes Regions as New Engines of 6% Growth

JAKARTA, Jakartaweekly.com— Minister of Creative Economy/Head of the Creative Economy Agency Teuku Riefky Harsya is encouraging the potential of the creative economy in regions across Indonesia to be developed into a new economic force to support the national economic growth target of 6 percent in 2027. “Rindekraf provides clear direction for developing the creative economy […]

2 months ago

Expert Says Prabowo’s 2027 Economic Growth Target is Too Optimistic

JAKARTA, Jakartaweekly.com—CELIOS Digital Economy Director Nailul Huda said the 2027 economic growth target in the 2027 Draft State Budget (RAPBN 2027), presented by President Prabowo Subianto last Friday, was overly optimistic, particularly as the government is targeting Indonesia’s economic growth to reach 6% in 2027. “I consider the 6% economic growth target too optimistic amid […]

2 months ago

IESR Urges Consistent Low-Carbon Policies to Support Long-Term Energy Resilience

JAKARTA, Jakartaweekly.com—The Institute for Essential Services Reform (IESR) said the development momentum outlined by President Prabowo Subianto in his state-of-the-nation address at the House of Representatives (DPR) on Friday, August 14, 2026, needs to be followed by consistent policy direction toward a low-carbon economy and long-term energy resilience. IESR CEO Fabby Tumiwa said economic growth, […]

2 months ago

BPS: Indonesia’s Economy Grows 5.29% in Q2 2026

JAKARTA, Jakartaweekly.com—Indonesia’s economy expanded 5.29 percent year-on-year (y-o-y) in the second quarter of 2026, according to data released by Statistics Indonesia (BPS). On a quarterly basis (q-o-q), the economy grew 3.73 percent, while cumulative growth for the first half of 2026 reached 5.45 percent compared with the same period last year. In its Official Statistics […]

2 months ago

Purbaya: Indonesia to Keep Growth Momentum with Responsive Fiscal Policy

TANGERANG, Jakartaweekly.com — Finance Minister Purbaya Yudhi Sadewa said the government will continue to sustain economic growth through responsive fiscal policies. Purbaya said such policies are essential to ensure that domestic demand remains the primary driver of Indonesia’s economic growth. To support policy formulation, the government continues to monitor a wide range of economic indicators […]

2 months ago

Sinar Mas Insurance Reinforces Customer Commitment with Swift Fire Claim

CILACAP, Jakartaweekly — PT Asuransi Sinar Mas has reaffirmed its commitment to delivering prompt and reliable insurance services after settling a fire insurance claim worth Rp650.6 million within just two working days. The compensation was paid to a customer covered under the company’s Property All Risks insurance policy after all supporting claim documents were verified […]

2 months ago

Why Indonesia’s Top Financial Leaders Are Stepping Down, Economists Explain

JAKARTA, Jakartaweekly.com—Economists say the recent leadership changes at Indonesia’s Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK), the Indonesia Deposit Insurance Corporation (LPS), and the Indonesia Stock Exchange (IDX) within a relatively short period reflect simultaneous pressures facing the country’s financial institutions. At the same time, they emphasize that despite leadership or […]

2 months ago

Five Top Financial Leaders Step Down During Prabowo’s Presidency

JAKARTA, Jakartaweekly.com—A wave of leadership changes at Indonesia’s top financial institutions has drawn significant public attention during President Prabowo Subianto’s administration. Within the past 12 months, five key financial institutions, the Ministry of Finance, the Indonesia Stock Exchange (IDX), the Financial Services Authority (OJK), the Indonesia Deposit Insurance Corporation (LPS), and Bank Indonesia (BI) have […]

2 months ago
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