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Financial Service Authority (OJK) official Wimboh Santoso said that technology development must be controlled due to the growth of financial technology (fintech).
The new policy that allows zero percent down payment for vehicle credit is expected to boost multifinance industry growth.
The Financial Services Authority (OJK) has officially lowered the down payment on vehicles up to zero percent (zero percent down payment).
OJK committed to monitoring legal and registered financial technology (fintech) companies of peer-to-peer lending or online loan.
The Financial Services Authority (OJK) has not received any valid reports on violations conducted by peer-to-peer fintech companies.
The Financial Services Authority (OJK) shared six tips for the public to stay alert before taking a loan via online or financial technology (fintech).
OJK chief says the industry is still strong enough to withstand the rupiah correction.
Some components to focus on in boosting the MSME sector include interest rates, taxes, and licensing, OJK chief says.
OJK official says the presence of dispute resolution agencies will allow the regulator to carry out purely supervisory functions.
The most important thing in dealing with financial turmoil is having a strong legal basis, Finance Minister says.
The financial regulator seeks to measure industry players' compliance with consumer protection rules.
The four banks are among 17 that have filed for similar program licenses to the OJK.
The regulator is providing lenient terms for foreign investors planning to enter Indonesia's sharia banking sector.
Some of the points to be revised include demutualizaton, the issuance of shares without nominal value and the implementation of corporate governance.
OJK official says lending rate has decelerated, but it is still growing by more than 13%.
The OJK plans to regulate financial education programs to have them more structured and coordinated.
OJK official asserts they will protect the public and ensure the industry is working according to the terms.
Minister says the government has prepared an equity participation in the establishment of the sharia infrastructure bank.
OJK chief Muliaman Hadad says the IDB is considering between Indonesia and Turkey to lead the bank.
The strengthening of regional banks is expected to boost capitalization of every bank.