Latest news with #OJK
Sinar Daily
09-07-2025
- Business
- Sinar Daily
Online loans in Indonesia grow high in May
The risk profile of the financing company is maintained with a ratio of non-performing financing (NPF) gross recorded at 2.57 per cent and NPF net at 0.88 per cent. 09 Jul 2025 02:30pm This aerial picture shows skyscrapers in Jakarta's business district on April 14, 2025. (Photo by BAY ISMOYO / AFP) JAKARTA - Indonesia's Financial Services Authority (OJK) said on Tuesday that the financing in the online loan sector had been significantly growing, reaching 82.59 trillion rupiahs (US$5.08 billion) as of May this year, reported Xinhua. Meanwhile, the financing receivables of financing companies grew 2.83 per cent to 504.58 trillion rupiahs (US$31.03 billion) by May yearly, according to Agusman, OJK chief executive supervisor for financing institutions, venture capital companies, microfinance institutions, and other financial services institutions. This aerial picture shows housing before the skyline of the Jakarta business district on May 9, 2025. (Photo by BAY ISMOYO / AFP) "The risk profile of the financing company is maintained with a ratio of non-performing financing (NPF) gross recorded at 2.57 per cent and NPF net at 0.88 per cent. The gearing ratio of the financing company was recorded as 2.20 times or below the maximum limit of 10 times," Agusman said at a virtual press conference. The OJK also said that the number of buy now pay later (BNPL) banking service accounts reached 24.79 million, while the BNPL bank's debit and credit balance grew 25.41 per cent year-on-year to 21.89 trillion rupiahs (US$1.34 billion) as of May. "The pay-later banks continue to record high growth annually," said Agusman. - BERNAMA-XINHUA More Like This
The Star
08-07-2025
- Business
- The Star
Online loans in Indonesia grow high in May
JAKARTA, July 8 (Xinhua) -- Indonesia's Financial Services Authority (OJK) said on Tuesday that the financing in the online loan sector had been significantly growing, reaching 82.59 trillion rupiahs (5.08 billion U.S. dollars) as of May this year. Meanwhile, the financing receivables of financing companies grew 2.83 percent to 504.58 trillion rupiahs (31.03 billion dollars) by May on a yearly basis, according to Agusman, OJK chief executive supervisor for financing institutions, venture capital companies, microfinance institutions and other financial services institutions. "The risk profile of the financing company is maintained with a ratio of non-performing financing (NPF) gross recorded at 2.57 percent and NPF net at 0.88 percent. The gearing ratio of the financing company was recorded as 2.20 times or below the maximum limit of 10 times," Agusman said at a virtual press conference. The OJK also said that the number of buy now pay later (BNPL) banking service accounts reached 24.79 million, while the BNPL bank's debit credit balance grew 25.41 percent year-on-year to 21.89 trillion rupiahs (1.34 billion dollars) as of May. "The pay-later banks continue to record high growth annually," said Agusman.
Time Business News
06-07-2025
- Business
- Time Business News
Why Indonesia's Stock Market Surged Past 7 Million Retail Investors in May 2025
Investing is no longer just for the rich. In Indonesia, even students, young workers, and small business owners are jumping into the world of stocks. The Indonesia investment scene has changed a lot in recent years. Technology, education, and social media are now playing a big role in making investing easier and more popular. A retail investor is a person who buys stocks, bonds, or other financial products for themselves. They are different from big companies or institutions. In simple words, if you or your friend buys some shares using an app, you're a retail investor. This jump to 7 million retail investors is not just a number. It means more Indonesians are learning how to grow their money. They are becoming active in the country's financial market. It also shows a big change in how people think about saving and investing. One of the main reasons for this surge is technology. Investment apps like Ajaib, Bareksa, Stockbit, and Bibit have made it super easy to buy and sell stocks using just a smartphone. These apps are simple, safe, and easy to understand — perfect for beginners. Young Indonesians are used to doing everything on their phones — shopping, studying, and now investing. These apps often allow users to start with just Rp10,000 (less than $1), making investing possible even for those with little money. In the past, many Indonesians didn't understand what investing was. But today, things are changing fast. Schools, online courses, and influencers are teaching people how to start investing smartly. Many YouTubers, TikTokers, and Instagram influencers now talk about Indonesia investment tips. They use simple words and real examples that are easy to follow. This has made investing less scary and more exciting. The Indonesian government has also played a strong role. The OJK (Financial Services Authority) and IDX (Indonesia Stock Exchange) run many campaigns to teach people about investing. They have launched programs in schools and universities. The goal is to start young — teaching students how to manage their money and invest wisely. By giving support and creating safe rules, the government has helped more people trust the system and join in. In Indonesia today, you don't need to be rich to invest. With the rise of micro-investing, people can buy small parts of a stock (called 'lots') for just a few thousand Rupiah. This has opened the doors for students, part-time workers, and housewives to join the market. It makes Indonesia investment open to all. Indonesia has one of the youngest populations in Asia. Most of these young people are tech-savvy and always connected to the internet. They are curious, eager to learn, and open to trying new things. With job markets becoming more competitive, many young Indonesians are looking for other ways to earn money — and investing has become a popular choice. They are building wealth early in life by putting their savings into stocks. Back in 2020 and 2021, the COVID-19 pandemic changed everything. Many people lost jobs or worked from home. This gave them more time to learn about investing. Many realized that relying on just one job isn't enough. So, they started exploring other income sources, like the stock market. This mindset stayed even after the pandemic. It helped create a culture where more people now see investing as a must, not just a choice. The Indonesia stock market now offers more choices than ever before. From large companies to new tech startups, investors can pick what suits them best. There are also shariah-compliant stocks for Muslims, which follow Islamic rules. This has encouraged many more people to invest, knowing that there are options that match their values. Another big reason is social media. When someone shares their success story on TikTok or Instagram, others get inspired. People love to talk about their stock wins — and this spreads fast. When you see your friend making money through investing, you want to try it too. This kind of peer influence has pushed many first-time investors to open accounts. Even with all this growth, there are still challenges. Many new investors don't know how the market works. Some treat it like gambling, buying stocks without research. The rise in investor numbers must come with better education. People need to learn about risks, patience, and how to pick good stocks. The government and private companies must continue their work in teaching safe and smart investing. The fact that over 7 million retail investors are now active in the market is a big win for Indonesia. It shows that people trust the economy. It also means the country is moving towards financial inclusion — giving everyone a chance to grow their money. If this trend continues, Indonesia could become a strong investment hub in Southeast Asia. More people investing means more money going into companies, and that helps the whole economy grow. The rise of retail investors in Indonesia is more than just a headline. It's a powerful sign of change. With the help of technology, education, social media, and strong government support, the Indonesia investment world is opening up to everyone. From teenagers to office workers, millions are learning how to invest, save, and plan for the future. As long as this growth comes with good education and smart rules, Indonesia's stock market will keep shining — and so will its people. TIME BUSINESS NEWS
Reuters
04-06-2025
- Business
- Reuters
Indonesian policyholders must pay part of medical insurance claims from 2026
JAKARTA, June 4 (Reuters) - Starting next year, Indonesian policyholders will have to bear some of the cost of their hospital bills through co-payment, according to a new regulation intended to curb overclaims and curb a rise in medical costs. Under the new rules, policyholders will have to pay at least 10% of their total claim or a maximum of 300,000 rupiah ($18.39) for outpatient care and 3 million rupiah ($183.94) for inpatient care. Indonesia's Financial Services Authority (OJK) said the regulations were a response to a significant increase in insurance claims due to the higher cost of health services. It did not say by how much claims had risen. The rule was also to prevent moral hazard and overtreatment, OJK added. "If this continues, we fear the sustainability of the health insurance business could be disrupted," OJK said in a statement this week. Indonesia's medical insurance industry is dominated by foreign players, including Prudential (PRU.L), opens new tab, Allianz Group ( opens new tab and AIA Group ( opens new tab. ($1 = 16,310.0000 rupiah)
South China Morning Post
07-02-2025
- Business
- South China Morning Post
Indonesia's soaring ‘buy now, pay later' debts fuel calls for tighter rules
Soaring debts in Indonesia from 'buy now, pay later' (BNPL) schemes have raised alarm, with financial regulators set to impose stricter rules to prevent young consumers from falling into borrowing cycles that could hurt their creditworthiness and long-term financial health . As of November, debts from BNPL schemes – which allow users to pay for purchases in instalments, often interest-free – had risen to 30.36 trillion rupiah (US$1.8 billion), according to the Financial Services Authority (OJK), or a 42.68 per cent increase from the same month in 2023. OJK also noted that nearly three per cent of those debts had been classified as non-performing financing (NPF), meaning users had failed to repay them. In response to the rising debts, OJK is preparing new rules to tighten eligibility for BNPL users. Set to take effect on January 1, 2027, the rules will require applicants to be at least 18 years old and have a minimum monthly income of 3 million rupiah (US$185) to qualify for BNPL services. 'We don't want the younger generation to get caught in debt while they don't have the ability to pay it. That's why we set [the minimum age] to 18 years,' Ahmad Nasrullah, OJK's head of special financial institution supervision, told reporters during a media briefing on January 21. 'We want to mitigate this risk for both parties, from the borrower's side and from the lender's side.'
