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 — 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 […]
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 […]
JAKARTA, Jakartaweekly.com — Jakarta Governor Pramono Anung wants contactless credit card payments, or EMV Contactless, to be expanded beyond MRT Jakarta to include LRT Jakarta, Transjakarta, Transjabodetabek, and the government-built LRT network. The Jakarta governor officially launched the EMV Contactless ticket payment system for MRT Jakarta at Bundaran HI Station in Central Jakarta on Wednesday, […]
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 […]
JAKARTA, Jakartaweekly.com— Perry Warjiyo officially resigned two years before the end of his second term as Governor of Bank Indonesia (BI). His decision came as a surprise to many, particularly given his extensive track record in leading Indonesia’s central bank. According to various sources, Perry Warjiyo is widely recognized for steering Indonesia’s economy through the […]
JAKARTA, Jakartaweekly.com—The government has accepted the resignation of Perry Warjiyo as Governor of Bank Indonesia (BI). Despite the leadership transition, economists believe the central bank’s policy direction will remain unchanged, as Senior Deputy Governor Destry Damayanti is set to serve as Acting Governor in accordance with prevailing regulations. Permata Bank Chief Economist Josua Pardede said […]
JAKARTA, Jakartaweekly.com — Bank Indonesia has tightened monetary policy once again by raising its benchmark interest rate, known as the BI-Rate, by 25 basis points (bps) to 5.75%. The central bank also increased the Deposit Facility rate by 25 bps to 4.75% and the Lending Facility rate by 25 bps to 6.50%. Ramdan Denny Prakoso, […]
JAKARTA, Jakartaweekly.com—An economist warned that Bank Indonesia’s (BI) interest rate hikes will only have a temporary impact unless they are accompanied by credible and firm fiscal disciplines. BI raised its BI rate by 25 basis points (bps) to 5,5% during a weekly Board of Governors Meeting (RDG) on Tuesday, June 9, 2026. The central bank […]
JAKARTA, Jakartaweekly.com – The rupiah closed stronger against the U.S. dollar in Wednesday trading, May 13, 2026, amid intervention measures carried out by Bank Indonesia in the offshore Non-Deliverable Forward (NDF) market. By the close of afternoon trading, the rupiah had strengthened by 53 points to Rp17,475 per U.S. dollar from the previous close of […]
