DPR Approves Thomas Djiwandono as Central Bank Deputy Governor
The House of Representatives has approved former deputy finance minister Thomas Djiwandono as the next deputy governor of Bank Indonesia, replacing Juda Agung, Jakarta Globe reported.
The House of Representatives’ Commission XI, which oversees finance and banking, unanimously agreed on Monday to nominate Thomas following a closed-door meeting that lasted about 30 minutes. The appointment is scheduled to be formally ratified at a plenary session on Tuesday.
Under Indonesian law, senior officials at Bank Indonesia are required to maintain political neutrality to safeguard the central bank’s independence. That requirement has come under scrutiny with Thomas’ nomination, as he is a nephew of President Prabowo Subianto and previously served as treasurer of the Gerindra Party.
Foreigners Sell Indonesian Stocks on Caution Before MSCI Review
Indonesian stocks recorded their first outflow since October last week, driven by cooling risk appetite ahead of a change by MSCI in its indexing methodology, Bloomberg reported.
Overseas investors sold USD 192 million worth of local stocks last week, marking their first outflow in 16 weeks, according to data compiled by Bloomberg. The withdrawals came after Indonesia’s equity benchmark rose to a record on 20 January.
Indonesia Offers New Retail Bonds with Up to 5.8% Annual Returns
Indonesia aims to raise up to IDR 25 trillion (USD 1.49 billion) from the sale of retail government bonds, with all proceeds earmarked to help finance the 2026 state budget, Jakarta Globe reported. The issuance comes in two tenors: three years and six years.
Sriwijaya Capital Invests Up To $20 Million in SESNA to Scale Solar Power Across Indonesia
Sriwijaya Capital, a Southeast Asia–focused private equity firm, announced an investment of up to USD 20 million in Sumber Energi Surya Nusantara (SESNA), a renewable energy platform accelerating solar power development across Indonesia, according to its statement.
The transaction marks Sriwijaya Capital's entry into the energy transition sector and is its maiden investment. Arsjad Rasjid – Founder and Chairman of Sriwijaya Capital – was previously the President Director of Indika Energy.