Speeding Up Bank Consolidation

Speeding Up Bank Consolidation

Illustration of a bank (Shutterstock/Anton Violin)The Financial Services Authority (OJK) has said it is now designing new measures and incentives to accelerate bank consolidation because the industry is still too heavily crowded by small banks, which are highly...
Financial Services Yet to Spur Economic Growth: Study

Financial Services Yet to Spur Economic Growth: Study

A bank teller counts rupiah bills at an office in Jakarta. (Antara Photo/Muhammad Adimaja) The financial services sector has yet to become a main engine for economic growth, but it has the potential to do so, according to joint research from the National Development...
Rupiah is Still Undervalued: Bank Indonesia

Rupiah is Still Undervalued: Bank Indonesia

Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari)Bank Indonesia (BI) Governor Perry Warjiyo has said that under the current exchange rate, the rupiah was still undervalued and could, therefore, further strengthen against the US dollar in the coming...