ESG UPDATE

Financial Services Authority (OJK)

16 P2P Lending Providers Have Non-Performing Loans Above 5%

JAKARTA, Jakartaweekly.com–The Indonesia’s Financial Services Authority (OJK) said that 16 peer-to-peer (P2P) lending providers, also known as online lending platforms, currently have high levels of non-performing loans.  Agusman, Chief Executive of OJK’s Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (PVML), explained that in July 2026, 16 P2P lending […]

7 hours ago

OJK Urge Foreign VC Firms to Comply with New Licensing Rules POJK 41/2025

JAKARTA, Jakartaweekly.com–The Indonesia’s Financial Services Authority (OJK) continues to coordinate with foreign venture capital firms (foreign VF Firms) to help them meet the requirements stipulated under the regulator’s latest regulation on venture capital companies.  “Coordination with foreign venture capital firms is ongoing, particularly regarding the registration of Representative Offices for Venture Capital Companies (KPPVL) and […]

8 hours ago

BPJS and ASN, TNI, Polri Insurance Assets Under Management Reach Rp215.83 Trillion

JAKARTA, Jakartaweekly.com – The Indonesia Financial Service Authority (OJK) recorded that assets under management from BPJS Health and Employment, as well as insurance programs for civil servants (ASN), the Indonesian Military (TNI), and the National Police (Polri) related to work accident and death benefits, reached Rp215.83 trillion as of July 2026.  The figure represents a […]

6 days ago

OJK Asks Banks to Block 38,375 Accounts Linked to Online Gambling

JAKARTA, Jakartaweekly.com—The Financial Service Authority (OJK) has asked banks to block 38,375 accounts suspected of being linked to online gambling activities, based on data provided by the Ministry of Communication and Digital Affairs. The number is going up from around 36.735 accounts.  The OJK has also asked banks to broaden the scope of their review […]

1 week ago

Indonesia’s Bank Lending Grows 13.58%, Gross NPL Stands at 2.10% in July

JAKARTA, Jakartaweekly.com—The Financial Services Authority (OJK) recorded a 13.58% year-on-year (yoy) increase in bank lending in July 2026, bringing total outstanding loans to Rp9,135 trillion. By loan usage, investment loans recorded the highest growth at 25.13% yoy, followed by working capital loans at 11.04% yoy, while consumer loans grew 5.38% yoy. By debtor category, corporate […]

1 week ago

JCI Gains 4.64% in August Despite Lower Foreign Inflows

JAKARTA, Jakartaweekly.com—Foreign net capital inflows into Indonesia’s stock market throughout August 2026 stood at Rp1.19 trillion, down from the Rp1.62 trillion net buy recorded in July 2026. Despite the decline in foreign net inflows, the Indonesia Stock Exchange Composite Index (IHSG) or Jakarta Composite Index (JCI) gained 4.64% month-on-month (mtm) in August, closing at 6,525.48. […]

1 week ago

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 […]

2 weeks 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