Economy

President Prabowo to Replace State Bank Directors Over Economic Concerns: Defense Minister

President Prabowo plans a total reshuffle of Himbara bank directors to shift focus toward small businesses. Read the news for details on the new recruitment standards.

Economy

Finance Minister Denies Ordering State Banks to Raise FX Deposit Rates

Finance Minister Purbaya denies ordering state banks to lift FX deposit rates, stressing pro-market policy stance. Read more on Indonesia’s banking strategy.