#STATE OWNED BANKS

Indonesian President Prabowo Subianto on Wednesday ordered state-owned banks to lower lending rates for low-income borrowers, saying poorer Indonesians currently pay higher interest rates than large ...

Indonesia's Financial Services Authority (OJK) is reviewing measures to expand the role of commercial banks in the capital market through potential revisions to the Financial Sector Development ...

Cooperatives Minister Ferry Juliantono stated that the estimated budget for constructing each Red and White Village Cooperative is approximately Rp2.5 billion (approximately US$150,000). ...

Deputy Minister of Manpower Afriansyah Noor said the National Internship Program is a strategic initiative to prepare skilled Indonesian workers ready to compete in the industrial sector. He noted ...

Cooperatives Minister Ferry Juliantono highlighted that the Red and White Village Cooperatives are developing rapidly and providing benefits to their members. "This aligns with President ...

Director General of Economic and Fiscal Strategy at the Ministry of Finance, Febrio Kacaribu, said that the government’s plan to place Rp200 trillion in banks will follow a scheme similar to ...

The Indonesian Chamber of Commerce and Industry (Kadin) has prepared a financing scheme to support the development of Red and White Village Cooperatives as part of efforts to strengthen the ...

The Ministry of Cooperatives and the Ministry of Investment and Downstream Development (BKPM) have agreed to relax licensing regulations for Red and White Cooperatives in obtaining a Business ...

The Indonesian government plans to use part of its state budget surplus to support grassroots economic development by injecting capital into Red and White Village Cooperatives.Finance Minister Sri ...

Cooperatives Minister Budi Arie Setiadi has highlighted that the Red and White Village Cooperatives established nationwide, whose number has crossed 80 thousand so far, are targeted to become fully ...