Indonesia

ESG / Sustainability

Indonesia Becomes First Asian Sovereign to Sell Blue Bond

By Editors | 22/05/2023

Indonesia sold a JPY 104.8 billion blue bond with four-tranches, less than two years after establishing a framework to do so.

Fintech / Regtech

Indonesia, Malaysia Expand Cross-Border QR Payment Link

By Editors | 08/05/2023

The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

Market Infrastructure

Indonesia, Korea to Use Local Currency in Bilateral Transactions

By Editors | 02/05/2023

BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.

AML / KYC

FATF Publishes Mutual Evaluation Report on Indonesia

By Editors | 28/04/2023

Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country’s key risks.

Market Infrastructure

ASEAN to Reduce Reliance on Major Currencies to Safeguard Stability

By Editors | 02/04/2023

ASEAN finance ministers and central bank governors agreed to increase usage of local currencies for trade settlements.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

Securities / Derivatives

Indonesia Set to Lift Pandemic Restrictions on Stock Market

By Editors | 04/03/2023

From April, OJK will allow short-selling to resume for some stocks, bring back pre-pandemic auto-rejection rules, and adjust trading hours.

Market Infrastructure

IDX Seeks to Secure Dual-Listing Arrangement with HKEX

By Editors | 01/03/2023

IDX is seeking a mechanism to allow Indonesian start-ups, state-owned enterprises, and index ETFs to list in Hong Kong.

Market Infrastructure

BI Starts Publishing Compounded IndONIA and IndONIA Index

By Editors | 06/02/2023

The publication of Compounded IndONIA and IndONIA Index is aimed at encouraging greater use of IndONIA in financial products.