Logo of Financial Service Authority or Otoritas Jasa Keuangan (OJK) in Indonesian language. (illustration)

The House approves OJK budget 2.4 trillion IDR

REPUBLIKA.CO.ID, JAKARTA - Commission XI of the House of Representatives approved budget proposed by Financial Service Authority (OJK) for 2014 worth 2.4 trillion IDR. The budget increases from 2013 budget worth 1.6 trillion IDR. The budget is not including remuneration costs worth 810 billion IDR for Bank Indonesia's employees transfered to work for OJK.  "Addition of budget in 2014 particularly...

US dollar (illustration)

BI conducts FX swap auctions to maintain liquidity

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia (BI) conducts FX Swap auction to maintain liquidity of USD and IDR every Thursday. In the auction, BI sets USD exchange rate based on closing exchange reference rates in Jakarta Interbank Dollar Spot Rate (Jisdor) on the day and premiums. "Through FX swap auction BI will get additional foreign exchange to be used for intervention....

A visitor watches closely a miniature of housing in an exhibition in Jakarta. A (file photo)

Rabu , 17 Jul 2013, 00:01 WIB

The increase of BI rate impacts on property loan

Some buses park in a bus station in Jakarta. The high of inflation was due to higher transportation fares which are contrary to initial expectation. (illustration)

Jumat , 12 Jul 2013, 00:01 WIB

BI increases interest rate to 6.5 percent

A number of credit cards (illustration)

Senin , 08 Jul 2013, 03:14 WIB

Credit cards transaction decreases

An employee of a bank holds bundles of Indonesian rupiah banknotes at Bank Mandiri in Jakarta. (illustration)

Ahad , 07 Jul 2013, 01:20 WIB

Foreign exchange reserves at the lowest level