印尼央行维持5.75%利率不变
印尼央行（BI）日前召开理事会会议，正式宣布维持基准利率（BI Rate）稳定在 5.75%，不跟随加息节奏，同时出台多项重磅金融激励政策，针对性优化外资投资环境、稳定印尼盾汇率、吸引外资回流国内金融市场。本次政策组合取代了直接加息方案，成为印尼当前稳汇率、稳资本、稳经济的核心调控手段
Indonesia's QRIS Payment May Be Usable in China by May
Bank Indonesia is accelerating the cross-border interconnection of the Indonesian Standard QR Code (QRIS). After officially connecting with South Korea on April 1, 2026, it plans to extend QRIS payment to China next month, further expanding the use of Indonesian digital payments in Asia and strengthening cross-border transaction links. A deputy governor of the central bank stated that this cooperation will deeply integrate Indonesia's payment system with the global system. To date, QRIS cross-border payments have been implemented in Malaysia, Singapore, Thailand, Japan, and South Korea. After connecting with China, it will complete the payment connectivity with the "Asia Plus Three" (Japan, South Korea, China).
Bank Indonesia Promotes Bilateral Local Currency Settlement Cooperation
The Director of Bank Indonesia's Beijing Representative Office recently actively promoted the China-Indonesia Local Currency Settlement Framework (LCT) at the "Indonesia-China Business Dialogue" event held in Changsha, Hunan Province, China, emphasizing the importance of efficient cross-border financial transactions for the international expansion of enterprises. The event was jointly organized by the Indonesian Embassy in China and the Indonesia Investment Promotion Center (IIPC) Beijing Office, with about 200 Indonesian and Chinese entrepreneurs attending. During the process of international expansion, enterprises often overlook the key factor of cross-border financial transaction efficiency. Efficient financial systems can help enterprises reduce costs, manage risks
Indonesia's QR Code Payment to Launch in China by End of March
Bank Indonesia has announced that the cross-border payment project using the Indonesian Standard QR Code (QRIS) will officially launch between the end of March and early April 2026, with the first partner countries being China and South Korea. A deputy governor of Bank Indonesia stated that Indonesia has completed technical tests and sandbox verifications with the relevant regulatory authorities of both China and South Korea. The pilot test with China was completed at the end of January, and the test with South Korea ended in late February, with system security and smoothness meeting standards, pending official launch. In January 2026, QRIS transactions in Indonesia grew 131.4% year-on-year, maintaining rapid growth.
Foreign Capital Outflows from Indonesia Reach IDR 12.55 Trillion at End of January
Data from Bank Indonesia (BI) shows that in the fourth week of January 2026 (January 26-29), foreign capital net outflows from Indonesia's domestic market reached IDR 12.55 trillion (approximately RMB 5.7 billion). The Head of BI's Communications Department disclosed in a written statement that net foreign outflows from the stock market amounted to IDR 12.40 trillion, and from the government bond market (SBN) IDR 2.77 trillion; however, the Indonesian central bank's rupiah securities market (SRBI) recorded net foreign inflows of IDR 2.61 trillion. As of January 29, year-to-date foreign capital in the Indonesian market stands
Natural Resource Export Foreign Exchange Must Be Deposited in State-Owned Banks for One Year
The Minister of Finance recently confirmed that the revised "Export Earnings Foreign Exchange Regulations" (DHE) will officially take effect on January 1, 2026. This means that natural resource (SDA) exporters must deposit their foreign exchange funds in state-owned bank groups (Himbara) for a minimum period of one year. The latest regulations will be released soon, and Bank Indonesia (BI) will simultaneously issue supporting technical details. He explained that the government regulations have completed discussions, alignment, and coordination, and only await the issuance of BI's implementing rules for full enforcement. According to the "Strategy for Strengthening Domestic Foreign Exchange Liquidity Policy" document issued by the Ministry of Finance to the banking sector, effective January 1, 2026, natural resource exporters are mandatorily required to deposit their foreign exchange earnings only in Himbara. Previous regulations did not specifically restrict which banks could receive DHE SDA, but the new rules explicitly limit this to Himbara.
Indonesia Needs Multiple Measures to Achieve Expected Economic Growth
The 2025 economic outlook for Indonesia is not optimistic. The OECD expects Indonesia's economy to grow by only 4.9%, far below the government's vision of 6-8%. The IMF's October report projected growth of 4.9%, an upward revision of 0.1%. Indonesia's central bank forecasts growth between 4.6% and 5.4%, while the government targets 5.2%, higher than the World Bank's 4.8%. On a quarterly basis, Indonesia's economy grew 4.87% in Q1, rose to 5.12% in Q2, then slowed to 5.04% in Q3, below economists' ex
Chinese-Invested Industrial Parks Drive Development of Surrounding Micro and Small Enterprises
In recent years, the economy of North Maluku Province has grown rapidly. According to data from Bank Indonesia, the province's economy grew by 32.09% year-on-year in the second quarter of 2025, making it the fastest-growing province in Indonesia. This growth is not only reflected in large industries but also benefits grassroots communities. In Central Halmahera, micro and small enterprises around industrial parks are thriving, with thousands of workers and large-scale production activities creating new economic opportunities. Many small traders report significant daily revenues. For example, a food stall owner can achieve daily revenues of up to IDR 10 million, employing 8 staff working in two shifts. Another employee's restaurant also records substantial daily revenues.
Indonesia's Financial Market Shows Mixed Recent Performance with Net Foreign Inflow Driving Stock Market Gains
Indonesia's financial market has shown mixed performance recently, with stocks rising but the rupiah under pressure and 10-year government bond yields declining. Investors are focusing on upcoming Bank Indonesia foreign exchange reserve data and global economic data. On the 6th, the Jakarta Composite Index (IHSG) rose 21.59 points to 8,139.89, with a trading volume of IDR 28.20 trillion. Foreign investors recorded a net buy of IDR 2.02 trillion, led by the utilities and property sectors, while financial and non-cyclical consumer sectors declined. The rupiah depreciated 0.09% against the US dollar to IDR 16,545 per USD, affected by a stronger US Dollar Index (D
Indonesia's Manufacturing Expansion Creates More New Jobs
The Ministry of Industry confirmed that the national industrial growth rate in the second quarter of 2025 reached 5.60%. This data has been verified by valid indicators, including the Industrial Confidence Index (IKI), Bank Indonesia's Manufacturing Purchasing Managers' Index (PMI BI), investment, and industrial export data. The Ministry emphasized that it only uses IKI and PMI BI as a basis for policy formulation (due to covering more respondents, thus being more accurate and comprehensive), and does not use the manufacturing PMI published by S&P Global, only referencing it as general information. The economic and manufacturing growth data released by the Central Statistics Agency is accurate, and IKI and PMI BI indicate that the manufacturing sector remained in an expansion phase in the second quarter of 2025 (index above 50). Manufacturing investment spending is also showing an upward trend. In the first half of 2025, 1,641 enterprises reported establishing new production facilities through the National Industrial Information System, with a total investment of IDR 803.2 trillion. Industrial expansion directly led to the creation of approximately 303,000 new jobs, far exceeding the number of layoffs reported by other sectors or employer associations. The number of layoffs recorded by the Ministry of Manpower in the first half of 2024 was 42,385, an increase of 32.19% compared to the same period in 2023 (32,064 layoffs in the same period of 2023). In June 2025, the number of layoffs was 1,609, lower than the 4,702 in May; West Java Province accounted for the highest share of layoffs at 28.59%. A spokesperson for the Ministry of Industry stated that if pro-industry policies are implemented, manufacturing growth can further improve. Specific recommendations include controlling imports of finished goods; shifting entry ports for imported finished goods to ports in eastern Indonesia; securing raw material supply (especially natural gas raw materials for specific industries); and reducing the quota for industrial products from bonded zones entering the domestic market.
Indonesia and France Reach Multilateral Bilateral Cooperation
Indonesian President Prabowo and French President Macron held a bilateral meeting at the Merdeka Palace in Jakarta, with numerous delegation members in attendance. After the meeting, the two presidents witnessed the signing, presentation, and announcement of 21 agreement documents, covering joint statements, inter-government cooperation, inter-institutional cooperation, corporate cooperation, and central bank cooperation. The two sides first adopted four joint statements, covering the development of the Indonesia-France 2050 strategic partnership, cultural sector strategy, peace in Palestine, and a joint statement by the two presidents, reflecting the alignment of long-term visions and their joint contribution to world peace and cultural development.
China and Indonesia Achieve Comprehensive Multi-Sector Cooperation
During Chinese Premier Li Qiang's state visit to Indonesia, multiple cooperation agreements and memoranda of understanding were signed between Indonesia and China. Specific contents include: Antara News Agency signed cooperation agreements with China Media Group and Xinhua News Agency respectively; Indonesia's Ministry of Tourism cooperated with China's Ministry of Culture and Tourism; Indonesia's Quarantine Agency cooperated with China's General Administration of Customs on agricultural product exports; Indonesia's Ministry of Health cooperated with China's National Administration of Traditional Chinese Medicine in traditional medicine, and with China's National Disease Prevention and Control Bureau on tuberculosis prevention. Indonesia's Sovereign Wealth Fund reached an investment cooperation agreement with China Investment Corporation;
Indonesia's Foreign Exchange Reserves Hit Record High
According to data from Bank Indonesia, Indonesia's foreign exchange reserves reached USD 157.1 billion at the end of March 2025, up from USD 154.5 billion the previous month. The increase was driven by higher tax and service revenues, as well as the government's recovery of foreign loans. Indonesia's requirement for natural resource exporters to keep 100% of their USD-denominated profits in the country for at least one year has also helped stabilize foreign exchange reserves. The reserves can cover 6.7 months of imports, or 6.5 months of imports and government external debt repayments, far exceeding the international standard of 3 months of imports. This supports the external sector's resilience, maintaining macroeconomic and