Business News

OJK Gives Relaxation to the Issuance of Multi-Finance Debt Securities

The Financial Services Authority (OJK) finally relaxed the issuance of debt securities in the multi-finance industry. The presence of this relaxation is expected to encourage optimization of performance, stability and growth of the financing industry during the Covid-19 pandemic. Initially, the provisions for the issuance of securities through public offerings…

The Ministry of Trade Aims to Make Indonesia to Become An Exporter of High Value Products

The Minister of Trade Muhammad Lutfi has a big mission to improve the structure of national exports. Having long struggled as a trader of raw commodities, Lutfi said Indonesia was facing a new phenomenon in which high-value products would become the basis for exports. To achieve this mission, Lutfi said…

Boost Exports, The Minister of Trade Boosts Global Trade Cooperation

Minister of Trade Muhammad Lutfi stated that the government continues to increase exports. One of them is through international trade cooperation agreements with various non-traditional export destination countries. "Indonesia is being transformed from an exporter of raw or semi-finished goods to industrial goods. So a sophisticated and high-quality trade agreement…

Indonesia Sets New Rules on Payments Systems

Indonesia's central bank on Friday (Jan 8) announced new regulations on payment systems to try to consolidate existing rules, with new requirements on share ownership and capital that could impact firms providing payment services and infrastructure. Filianingsih Hendarta, the head of Bank Indonesia's payment systems department, said the new regulation,…
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