Indonesia’s state-owned banks are set to provide up to Rp 240 trillion ($13.3 billion) in financing to support the nationwide expansion of the Red-and-White Village Cooperatives. Finance Minister Purbaya Yudhi Sadewa confirmed the initiative on Thursday, noting that the government will cover both principal and interest payments for the loans over a six-year period to … Read more
Indonesia’s Finance Minister Purbaya Yudhi Sadewa announced plans to establish an International Financial Center (PFII) aimed at diversifying the country’s funding sources by attracting global investors to purchase government bonds and finance development projects, according to a statement to lawmakers on Thursday. What is the PFII and how does it work? The proposed International Financial … Read more
Palace Quells Cabinet Reshuffle Rumors Amid Rupiah Volatility The Indonesian government has officially moved to silence speculation regarding the tenure of Finance Minister Purbaya Yudhi Sadewa. On Thursday, June 4, 2026, State Secretary Minister Prasetyo Hadi dismissed reports that the Finance Minister was preparing to step down, confirming that there are no plans for a … Read more