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Investment Watchdog Finds 144 Unlicensed Fintech Platforms

Investment Watchdog Finds 144 Unlicensed Fintech Platforms

The Financial Services Authority (OJK) previously said it had blocked hundreds of unlicensed P2P lending websites and applications. However, unlicensed platforms could easily be established, Investment Alert Tax Force chairman Tongam L. Tobing said in Jakarta on...
Current Account Deficit Heads to 2.5 Percent of GDP: BI

Current Account Deficit Heads to 2.5 Percent of GDP: BI

Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari) Bank Indonesia (BI) Governor Perry Warjiyo said the central bank had recorded a narrowing trend in the current account deficit, which was recorded at 3.57 percent of gross domestic product (GDP) in the...
BI Records Slow Loan Growth in Q1, Projects Faster in Q2

BI Records Slow Loan Growth in Q1, Projects Faster in Q2

The Bank Indonesia (BI) logo. (Shutterstock.com/Harismoyo ) A Bank Indonesia survey has shown slow growth in loan demand in the first quarter of 2019, but the central bank projects faster growth in the second quarter. This is reflected in the net weighted balance...
Pertamina EP Production Exceeds Q1 Target

Pertamina EP Production Exceeds Q1 Target

Logo of Pertamina EP (Courtesy of/pertamina-ep.com) PT Pertamina EP (PEP), an upstream subsidiary of state energy holding company Pertamina, has announced that it recorded average oil production of 82,222 barrels of oil per day (bopd) in the first quarter, 1 percent...