Stories from Indonesia

Indonesian Finance Minister Purbaya criticized Sharia banks, stating they are perceived as more expensive and do not fully reflect the spirit of Islamic economics.

The Indonesian financial services sector experienced growth of 7.92 percent, marking the highest increase since 2021. This expansion is seen as a positive signal for the national economy.

The economy of Palembang grew by 5.8 percent. The city government inaugurated the Bukit Kecil Market as a driver for Micro, Small, and Medium Enterprises (UMKM).

Ada Friderica Widyasari, Hasan Fawzi, and Pahala Mansury were mentioned in an Okezone Economy report.

This move aims to strengthen strategic ties between the two nations and avoid costly decommissioning expenses for Italy.

The selection process for the new heads of the Otoritas Jasa Keuangan (OJK) in Indonesia has seen a strong representation from internal candidates. Indonesia's Financial Services Authority (OJK) has announced a shortlist of 20 candidates for its leadership positions. The list includes prominent figures such as Friderica Widyasari, Hasan Fawzi, and Pahala Mansury. This selection process is part of the ongoing administrative screening for the OJK's top roles.

Polda Riau has uncovered illegal logging activities suspected of damaging the Giam Siak Kecil Biosphere Reserve in Bengkalis. The operation targets the destruction of this protected area.

Police in Lumajang, East Java, have arrested a 31-year-old suspect identified by the initials JW. The suspect was apprehended at his wife's residence after evading capture.

The Indonesian Financial Services Authority (OJK) in Purwokerto is conducting financial education initiatives during Ramadan in the Banyumas Raya region. These sessions aim to provide guidance on financial management and planning for the community.

SMAN 37 Jakarta established an MSME division to support Prabowonomics and alumni economic contributions totaling Rp 73.8 trillion. A survey by Indekstat indicates most citizens complain about the economy under the Prabowo-Gibran administration. GDELT data highlights efforts to create village economic independence and job opportunities in Kebumen, Central Java. Palembang's economy grew 5.8%, with a new market supporting UMKM. Separately, Chinese economic trends are discussed, focusing on cultural empowerment for economic growth. Discussions in Indonesian media identified the circular economy and local farmer investment for economic growth. Economic prospects for 2026 are being analyzed, focusing on traditional and new drivers, and the need for breakthroughs.