Business News

BPK gives unqualfied opinion to government financial report

The Supreme Audit Agency (BPK) on Tuesday gave unqualified opinion (WTP) opinion, the best audit grade, for the 2018 central government financial report.“The WTP grade shows that the government financial report for the implementation of the state budget in 2018 has fulfilled the governance accountancy standards,” said BPK chairman Moermahadi…

Rupiah still affected by external factors, BI says

Bank Indonesia (BI) has acknowledged that the rupiah exchange rate against the US dollar was still affected by external factors, particularly negotiations between the United States and China as the two nations continue a trade war that started last year.“The major factor that affects Indonesia and its financial market is…

Committee proposes new economic team in Jokowi Cabinet

The National Industry and Economic Committee (KEIN) has made a new proposal to President Joko “Jokowi” Widodo to set up a new economic team in his next Cabinet to help the country reach a higher growth target in GDP. An assessment from the committee found that the government has failed…

Bank Indonesia launches national standard QR code

Bank Indonesia (BI) launched on Monday its long-awaited Quick Response Indonesia Standard (QRIS) code system that aims to universalize cashless payment in the country. QRIS, which physically manifests as a more complex QR pattern, allows users from one payment service to transfer funds to any rival service within BI’s ecosystem.…
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