BI to Limit External Debt for Private Sector

Translator

Editor

Selasa, 28 Oktober 2014 14:24 WIB

TEMPO.CO, Jakarta - Bank Indonesia Governor Agus D. Martowardojo said the central bank will issue new rules governing the private sectors' foreign debt. Agus said the trend of increased foreign debt, especially in the corporate sector, should be watched for.


The main point that will be regulated is the management of foreign exchange risk, "so that corporate can still obtain foreign loans, but done with healthy signs," Agus said yesterday.


The rule will also stipulate liquidity risks due to corporate debtors that have no forex reserves. Agus said BI also focuses on corporate health, and the central bank will monitor companies' loan terms, investment placement and investment return (RoI).


"The risk of debt to investment should be well laid out," said the former Finance Minister.


BI will work closely with the Financial Services Authority (OJK), the Capital Market Authority, the Directorate General of Taxation, and the Directorate General of Customs and Excise. The rule will also have provisions and sanctions for corporations that violate the regulations.


MAYA NAWANGWULAN | AISHA SHAIDRA | AGUS SUPRIYANTO

Related News

BRI Claims to Bag Permit for Alipay Collaboration

4 jam lalu

BRI Claims to Bag Permit for Alipay Collaboration

Bank Indonesia admitted to having yet to receive the application for a formal permit from Alipay.

Read More

BI Comments on Alipay Operating Plan in Indonesia

5 hari lalu

BI Comments on Alipay Operating Plan in Indonesia

Bank Indonesia (BI) responds to issues of fintech giant Ant Group's plan to operate its Alipay payment in Indonesia.

Read More

Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations

5 hari lalu

Bank Mandiri Says BI Rate Hike Important Amidst Global Uncertainties, Fluctuations

State-owned Bank Mandiri (IDX: BMRI) reacted well to Bank Indonesia's (BI) decision to raise its benchmark interest rate.

Read More

Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability

5 hari lalu

Bank Indonesia Raises Key Interest Rate to 6.25% to Bolster Rupiah Stability

Bank Indonesia has finally raised its benchmark interest rate to 6.25 percent.

Read More

Bank Indonesia Ensures Rupiah Stability is Maintained

11 hari lalu

Bank Indonesia Ensures Rupiah Stability is Maintained

Bank Indonesia (BI) ensures rupiah stability in anticipation of the impacts of global uncertainty.

Read More

BI: Indonesia's External Debt Remains Under Control in February 2024

11 hari lalu

BI: Indonesia's External Debt Remains Under Control in February 2024

BI said Indonesia's external debt (ULN) in February 2024 remained under control, Antara reported.

Read More

Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid

20 hari lalu

Bank Indonesia: 176,000 People Exchanged Banknotes Ahead of Eid

Bank Indonesia (BI) recorded new money exchange volume reaching Rp1.13 trillion as of April 3, a week before Eid.

Read More

Spot the Spoof; Here's How to Detect Fake Rupiah Notes

22 hari lalu

Spot the Spoof; Here's How to Detect Fake Rupiah Notes

There is a foolproof way to distinguish real rupiah from counterfeit one called 3D (Dilihat, Diraba, Diterawang). Check here for the details.

Read More

Bank Indonesia to Start Office in IKN Starting August 17

40 hari lalu

Bank Indonesia to Start Office in IKN Starting August 17

Bank Indonesia will have its office in the Nusantara Capital City (IKN) starting August 17, 2024, according to BI Governor Perry Wijaya.

Read More

Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

46 hari lalu

Bank Indonesia Readies Rp197.6 trillion for Ramadan, Eid al-Fitr Season

Bank Indonesia projects that the country will require over Rp197.6 trillion this Ramadan and Eid al-Fitr season.

Read More