
Indonesia Imposes Record $117 Million Trading Fines on Tycoon-Linked Firms
The financial watchdog penalised entities linked to the Sinar Mas group and billionaire Prajogo Pangestu following threats of an equity market demotion.
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The financial watchdog penalised entities linked to the Sinar Mas group and billionaire Prajogo Pangestu following threats of an equity market demotion.

The Financial Service Authority (OJK) has formed two new directorates as a response to financial technology (fintech) development. OJK deputy chief commissioner Rahmat Waluyanto said that the two new directorates are Digital Financial Innovation Unit and…

The Financial Services Authority (OJK) plans to expand banking access to the Philippines by signing a Letter of Intent (LoI) with the countrys central bank, Bangko Sentral ng Pilipinas (BSP). The cooperation will pave way for access to some Indonesian banks…

Financial Services Authority (OJK) Chairman Muliaman D. Hadad said that the OJK is in the process of exploring the possibilities of expanding Indonesian banking industry overseas. “The most possible [cooperation] is with Thailand, because there have been two…
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