Gold finished the year at $2,063 an ounce, climbing more than 13% in 2023 for its first annual gain in three years, and logging a new record high within the year mostly supported by expectations that the major central banks will...
Read MoreThe S&P Global Indonesia Manufacturing PMI increased to 52.2 in December 2023 from 51.7 in the prior month. It was the 28th straight month of expansion in factory activity and the strongest pace since September, as output...
Read MoreThe Indonesian Stock Exchange (BEI) said there were 30 companies queuing to conduct an initial public offering (IPO) as of December 29, 2023. Nine of them have huge assets of more than Rp250 billion. As of December 29 2023,...
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President Joko “Jokowi” Widodo has officially extended the term of office of the Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) through a Presidential Decree (Keppres). This decision is not surprising considering that the Satgas, even though it has worked well, has not succeeded in achieving the specified target within the specified time period. Of the more than Rp110 trillion in receivables that had to be settled, the Satgas only managed to “collect” around Rp30 trillion. With additional time until the end of 2024, can the Satgas improve its performance?
Read MoreThe Business Competition Supervisory Commission (KPPU) is still continuing to carry out investigations into alleged violations in information technology-based money lending and borrowing services. Since the investigation was carried out starting Oct. 25, 2023 until now, the investigation task force has sent written requests for data and documents to all peer to peer (P2P) lending companies that have permission from the Financial Services Authority and have received responses from 48 P2Ps.
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