ESG UPDATE

Financial Services Authority (OJK)

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 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 […]

3 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 […]

3 months ago
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