• Financial Services Authority (OJK) Releases Sustainable Finance Roadmap

    Indonesia's Financial Services Authority (OJK), the government agency that regulates and supervises the financial services sector of Indonesia, released a roadmap for the development of the sustainable finance sector, both for the middle-long period (2015-2019) and the long-term period (2015-2024). OJK Chairman Muliaman Hadad explained that these roadmaps, made in cooperation with the Ministry of Forestry and Environment, contain guidelines and directions for the development of sustainable finance in Indonesia.

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  • Banking Sector Indonesia: Foreign Ownership & Sustainable Financing

    After having been limited to 40 percent for the last three years, foreign investors are now allowed to control a more-than-40 percent stake in Indonesian banks, provided that they buy two local banks and merge them into one. Indonesia's financial authorities gave the green light to two foreign banks (China Construction Bank Corporation and the South Korea-based Shinhan Bank) that seek to tap Indonesia's lucrative banking sector.

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  • Why the Indonesian Government Delayed Release of 7th Stimulus Package?

    Last week Indonesia delayed the release of the seventh economic stimulus package - a package that will focus on boosting the village economy - as the government still needs to implement several deregulations and debureaucratization in relation to its previous stimulus packages. Darmin Nasution, Indonesia's Chief Economics Minister, said it are the Ministry of Industry, the Ministry of Trade, and the Ministry of Energy and Mineral Resources that are still to implement deregulations before the seventh package can see daylight.

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  • Update Minimum Free Float Requirement Indonesia Stock Exchange

    The Indonesia Stock Exchange (IDX) will give time until 31 January 2016 for the remaining 18 publicly-listed companies that have not yet complied with the new minimum free float requirement that aims to increase liquidity in the stock market. In January 2014, the IDX announced it designed a new rule that forces all listed companies on the IDX to have a minimum free float of 7.5 percent. Samsul Hidayat, Director of Corporate Listing at the IDX, said these 18 companies are currently studying whether to conduct a rights issue or a stock split in order to raise their free float.

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