OJK Monitors PT Investree Amidst Alleged Violations and Resignation of President Director

OJK Monitors PT Investree Amidst Alleged Violations and Resignation of President Director

Jakarta – The Financial Services Authority (OJK) is monitoring the operations of PT Investree Radhika Jaya (Investree) as the organizer of Technology-Based Joint Funding Services (LPBBTI) or fintech peer to peer lending. Head of the Department of Literacy, Financial Inclusion and Communication, Aman Santosa, responding to the news and public attention, OJK is currently carrying … Read more

OJK Revokes Business License of PT Bank Perkreditan Rakyat Usaha Madani Karya Mulia in Solo

OJK Revokes Business License of PT Bank Perkreditan Rakyat Usaha Madani Karya Mulia in Solo

Jakarta – The Financial Services Authority (OJK) officially revoked the business license of PT Bank Perkreditan Rakyat (BPR) Usaha Madani Karya Mulia in Solo. The business license has been officially revoked since February 5 2024. This decree was officially released based on the Decree of the Members of the Board of Commissioners of the Financial … Read more

Investree Controversy: AFTECH Opens Voice on Untrue Claims and Management Changes

Investree Controversy: AFTECH Opens Voice on Untrue Claims and Management Changes

Jakarta – The Indonesian Fintech Association (AFTECH) has opened its voice regarding the case that befell PT Investree Radhika Jaya (Investree). Marshall Pribadi, Deputy General Chair IV, AFTECH said that his party had coordinated with Investree’s management leadership and found several findings. One of them is related to several untrue claims that have dragged Investree’s … Read more

OJK Emphasizes Tightening Regulations for Collecting Online Loans and Credit Cards

OJK Emphasizes Tightening Regulations for Collecting Online Loans and Credit Cards

Jakarta – The Financial Services Authority (OJK) emphasized that tightening regulations for collecting online loans and credit cards is not only to protect customers. This rule also ensures that naughty customers will be dealt with firmly. Deputy Commissioner for Supervising the Behavior of Financial Services Business Actors and Consumer Protection, Sarjito, emphasized that the regulations … Read more

Understanding Indonesian Online Loan Debts: Legal vs. Illegal, and What You Need to Know

Understanding Indonesian Online Loan Debts: Legal vs. Illegal, and What You Need to Know

Jakarta – Financial Services Authority (FSA) once revealed that some Indonesian people deliberately do not pay online loan debts (pinjol), especially illegal ones, because it is said that the debt can be forfeited by itself. Is it really like that? In notes detikcom, when illegal loan cases were in full swing, Coordinating Minister for Political, … Read more

Bank Victoria Syariah President Director Responds to Allegations of Missing Customer Funds, OJK Opens Voice on the Issue – Latest News

Bank Victoria Syariah President Director Responds to Allegations of Missing Customer Funds, OJK Opens Voice on the Issue – Latest News

Jakarta – President Director of Bank Victoria Syariah (BVS) Dery Januar opened his voice regarding allegations of missing customer funds. This was in response to PT Pool Advista Finance Tbk (POLA)’s confession that deposit funds amounting to IDR 13.5 billion at BVS had not been paid. He said that Pool Advista funds were not actually … Read more

OJK Opens Investigation Into Alleged Embezzlement at Bank Victoria Syariah (BVS)

OJK Opens Investigation Into Alleged Embezzlement at Bank Victoria Syariah (BVS)

Jakarta – The Financial Services Authority (OJK) has opened its voice regarding the alleged disappearance of customer money at Bank Victoria Syariah (BVS). Previously, PT Pool Advista Finance Tbk (POLA) announced ownership of company deposit funds worth IDR 13.5 billion in BVS. However, the deposit was not paid by BVS on the grounds that the … Read more

Get ready! OJK Will Cut Hundreds of BPR Numbers

Get ready!  OJK Will Cut Hundreds of BPR Numbers

Jakarta – The Financial Services Authority (OJK) will massively cut the number of People’s Economic Banks (BPR) in Indonesia. Currently, the number is considered too large, causing various problems. Chief Executive of OJK Banking Supervision Dian Ediana Rae said the number of BPRs would be reduced to around 1,000 from the current 1,600. He confirmed … Read more

Bad Credit Increases, Pinjol Loans Reach IDR 58 T

Bad Credit Increases, Pinjol Loans Reach IDR 58 T

Jakarta – The Financial Services Authority (OJK) recorded the outstanding performance of fintech peer to peer (P2P) lending, aka online loans (tall) reached IDR 58.05 trillion as of October 2023. This amount grew 17.66% compared to the same period last year (year on year/yoy). “In fintech peer to peer lending, outstanding financing in October 2023 … Read more

Leaving the position of President Director, Ira Novianti is now selling all of Unilever Indonesia’s shares

Leaving the position of President Director, Ira Novianti is now selling all of Unilever Indonesia’s shares

Friday, 1 December 2023 – 00:50 WIB Jakarta – Former President Director of PT Unilever Indonesia Tbk (UNVR) Ira Novianti decided to sell the shares he owned in the company. After previously on October 24 he submitted his resignation. Quoted VIVA Business from Information Disclosure, Friday 1 December 2023, Unilever conveyed this through letter No. … Read more