ESG UPDATE

Bank Indonesia

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 […]

1 week ago

Pramono Pushes EMV Contactless Payment Across Public Transport

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, […]

1 week 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 […]

1 week ago

Perry Warjiyo Resigns, This is His Legacy as Governor of Bank Indonesia

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 […]

2 weeks ago

Perry Warjiyo Resigns, Economists See No Reason to Worry About BI Policy

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 […]

2 weeks ago

Bank Indonesia Tightens Monetary Policy, Lifts BI-Rate to 5.75%

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, […]

2 months ago

Economist: Fiscal Discipline Needed to Reinforce BI Rate Increase

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 […]

2 months ago

Rupiah Strengthens Against U.S. Dollar Amid Bank Indonesia’s NDF Intervention

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 […]

3 months ago

Rupiah Weakens Amid “Debt Wall” and Global Sentiment, Closes at Rp17.181

JAKARTA, Jakartaweekly.com – The rupiah closed weaker on Wednesday (April 22, 2026), as the U.S. dollar strengthened amid rising geopolitical tensions and shifts in global monetary policy. Market data showed the rupiah fell 38 points to Rp17.181 per U.S. dollar, from a previous close of Rp17.142. During the session, the Indonesian currency at one point […]

4 months ago

Indonesia’s Rupiah is Teetering as Global Oil Prices Blast Past $100

JAKARTA, Indonesia (JakartaWeekly.com) – The Indonesian rupiah is hovering at a perilous psychological crossroads, inching closer to the Rp17,000 per US dollar mark as a perfect storm of soaring energy costs and a hawkish Federal Reserve batters emerging market sentiment. On Monday morning, the currency slipped further to Rp16,981, a move that analysts say is […]

4 months ago