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The OJK also noted positive economic growth in Q2/2021, supported by high government spending and the recovery of household consumption levels.
The Financial Services Authority (OJK) recorded that in the first semester of 2021, the banking sector disbursed Rp1,439 trillion in loans.
OJK Chairman Wimboh Santoso disclosed two issues related to illegal online lending services that had become the topic in the cabinet meeting.
Financial Services Authority (OJK) Chairman Wimboh Santoso confirmed the plans to extend the credit restructuring period until March 2022.
The Financial Services Authority (OJK) confirmed that it has finalized the draft of digital bank regulations.
OJK official warned the public that online lenders or fintech that offer their services either through illegal ways, mainly via SMS or WhatsApp.
Financial Services Authority or OJK reminds the public that using the microcredit feature has its own risks if the debt is not repaid immediately.
OJK says that public losses due to participating in illegal investments reached Rp117 trillion over the last 10 years.
Bank Indonesia is formulating the creation of a digital currency or Central Bank Digital Currency (CBDC) if needed later.
People who eventually get trapped in illegal fintech lending and online investments are not exclusively from the less educated demography, says OJK.
OJK says the existence of illegal fintechs and illegal investments have gone rampant amid the Covid-19 pandemic.
The chaos over the change of control of Bank Bukopin continues.
The Financial Services Authority (OJK) signed a Memorandum of Understanding (MoU) with the Monetary Authority of Brunei Darussalam (AMBD).
The Attorney General's Office (AGO) has yet to take action against other perpetratorsin the Asuransi Jiwasraya investment fund scandal.
The Financial Services Authority (OJK) targeted issuing regulations on digital banks before the end of the first semester of this year.
The government is preparing an incentive to lower the luxury tax goods for cars running on small engines of less than 1500 cc.
The Financial Services Authority or OJK said that credit demand would fall if the vaccination program progresses slowly.
President Joko "Jokowi" Widodo today, February 1, inaugurated state-owned sharia bank Bank Syariah Indonesia at the State Palace.
Jakarta Metro Police called on the public to adopt three tips to avoid the trap of investment fraud.
As of November 30, the total value of restructured loans related to the Covid-19 program had Rp951.2 trillion.