Latest news with #IDX
Korea Herald
3 days ago
- Business
- Korea Herald
BRI Launches Taipei Branch to Provide Financial Services for 360,000 Indonesian Migrant Workers in Taiwan
TAIPEI, Aug. 14, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has expanded into Taiwan and East Asia with the launch of BRI Taipei Branch, located at No. 166, Sec. 3, Nanjing East Road, Zhongshan District, Taipei City. At the Grand Launching Ceremony on Friday, August 8, 2025, Hery Gunardi, BRI's President Director, highlighted, "As the only Indonesian bank branch in Taiwan, BRI Taipei Branch is positioned as a comprehensive financial hub, serving around 360,000 Indonesian migrant workers with remittance, savings, and investment solutions to support their future financial planning." BRI Taipei Branch offers integrated financial services including savings, financing, and remittances, while introducing the Advance FX Licence and BRI ATM cards compatible with Taiwan's banking infrastructure. "Looking ahead, we also plan for BRI Taipei Branch to serve as an investment gateway from Taiwan (China) to Indonesia, helping investors channel their funds through both direct and indirect investment avenues. With more competitive investment yields, we believe this will attract greater interest from Taiwanese investors," added Hery. At the same launching event, Arif Sulistyo, Head of the Indonesian Economic and Trade Office to Taipei, said BRI's presence would boost Indonesia–Taiwan economic ties, noting nearly 400,000 Indonesians, mainly in caregiving and manufacturing, now reside in Taiwan. "Formal Indonesian migrant workers in Taiwan's manufacturing sector earn approximately 28,590 NTD (IDR 14 million), while those in domestic roles earn around 20,000 NTD (IDR 10 million). Each month, 4,000 to 6,000 new workers arrive in Taiwan, contributing to remittance flows exceeding IDR 40 trillion annually," explained Arif. BRI Taipei Branch has held a Full Retail Foreign Bank Branch Office license from Taiwan's financial authority since 2021, allowing it to offer services including deposits, loans, remittances, trade finance, and treasury. As part of its continued growth, BRI Taipei Branch is launching two new products: BRImo Taiwan, a banking super app enabling seamless transactions, including remittances to Indonesia; and BRI Taipei Future Saving, a time deposit program in NTD with instalment options over 12, 24, or 36 months. The Taiwan expansion strengthens BRI's international network, which includes BRI New York Agency (BRINYA), BRI Singapore Branch (BRISG), BRI Hong Kong Representative Office (BRI HKRO), BRI Timor Leste Branch (BRITL), and BRI Cayman Island Branch (BRICIB).
Time Business News
06-07-2025
- Business
- Time Business News
Why Indonesia's Stock Market Surged Past 7 Million Retail Investors in May 2025
Investing is no longer just for the rich. In Indonesia, even students, young workers, and small business owners are jumping into the world of stocks. The Indonesia investment scene has changed a lot in recent years. Technology, education, and social media are now playing a big role in making investing easier and more popular. A retail investor is a person who buys stocks, bonds, or other financial products for themselves. They are different from big companies or institutions. In simple words, if you or your friend buys some shares using an app, you're a retail investor. This jump to 7 million retail investors is not just a number. It means more Indonesians are learning how to grow their money. They are becoming active in the country's financial market. It also shows a big change in how people think about saving and investing. One of the main reasons for this surge is technology. Investment apps like Ajaib, Bareksa, Stockbit, and Bibit have made it super easy to buy and sell stocks using just a smartphone. These apps are simple, safe, and easy to understand — perfect for beginners. Young Indonesians are used to doing everything on their phones — shopping, studying, and now investing. These apps often allow users to start with just Rp10,000 (less than $1), making investing possible even for those with little money. In the past, many Indonesians didn't understand what investing was. But today, things are changing fast. Schools, online courses, and influencers are teaching people how to start investing smartly. Many YouTubers, TikTokers, and Instagram influencers now talk about Indonesia investment tips. They use simple words and real examples that are easy to follow. This has made investing less scary and more exciting. The Indonesian government has also played a strong role. The OJK (Financial Services Authority) and IDX (Indonesia Stock Exchange) run many campaigns to teach people about investing. They have launched programs in schools and universities. The goal is to start young — teaching students how to manage their money and invest wisely. By giving support and creating safe rules, the government has helped more people trust the system and join in. In Indonesia today, you don't need to be rich to invest. With the rise of micro-investing, people can buy small parts of a stock (called 'lots') for just a few thousand Rupiah. This has opened the doors for students, part-time workers, and housewives to join the market. It makes Indonesia investment open to all. Indonesia has one of the youngest populations in Asia. Most of these young people are tech-savvy and always connected to the internet. They are curious, eager to learn, and open to trying new things. With job markets becoming more competitive, many young Indonesians are looking for other ways to earn money — and investing has become a popular choice. They are building wealth early in life by putting their savings into stocks. Back in 2020 and 2021, the COVID-19 pandemic changed everything. Many people lost jobs or worked from home. This gave them more time to learn about investing. Many realized that relying on just one job isn't enough. So, they started exploring other income sources, like the stock market. This mindset stayed even after the pandemic. It helped create a culture where more people now see investing as a must, not just a choice. The Indonesia stock market now offers more choices than ever before. From large companies to new tech startups, investors can pick what suits them best. There are also shariah-compliant stocks for Muslims, which follow Islamic rules. This has encouraged many more people to invest, knowing that there are options that match their values. Another big reason is social media. When someone shares their success story on TikTok or Instagram, others get inspired. People love to talk about their stock wins — and this spreads fast. When you see your friend making money through investing, you want to try it too. This kind of peer influence has pushed many first-time investors to open accounts. Even with all this growth, there are still challenges. Many new investors don't know how the market works. Some treat it like gambling, buying stocks without research. The rise in investor numbers must come with better education. People need to learn about risks, patience, and how to pick good stocks. The government and private companies must continue their work in teaching safe and smart investing. The fact that over 7 million retail investors are now active in the market is a big win for Indonesia. It shows that people trust the economy. It also means the country is moving towards financial inclusion — giving everyone a chance to grow their money. If this trend continues, Indonesia could become a strong investment hub in Southeast Asia. More people investing means more money going into companies, and that helps the whole economy grow. The rise of retail investors in Indonesia is more than just a headline. It's a powerful sign of change. With the help of technology, education, social media, and strong government support, the Indonesia investment world is opening up to everyone. From teenagers to office workers, millions are learning how to invest, save, and plan for the future. As long as this growth comes with good education and smart rules, Indonesia's stock market will keep shining — and so will its people. TIME BUSINESS NEWS
Business Times
16-06-2025
- Business
- Business Times
Indonesia bourse mulls extending trading window by one hour
[JAKARTA] Indonesia's stock exchange will consider extending trading hours, in its latest effort to draw foreign investors to South-east Asia's biggest economy after heavy sell-offs earlier this year. The local bourse could start trade at 8.00 am to appeal to Asian investors in earlier time zones, or end later at 5.00 pm to better reach European traders, Iman Rachman, president director of Indonesia Stock Exchange (IDX), said on Thursday (Jun 12). Extending timings on both ends is also being considered as part of an internal review that may conclude in three months, he said. The Indonesian stock market currently operates in a seven-hour window of 9.00 am to 4.00 pm. Extended trading hours may help boost trading volumes and allow investors to respond to global events in real time. The consideration comes amid concerns over foreign outflows from local stocks and rising global uncertainties, and as investors debate the sustainability of a recent rebound in local equities. The stock market entered into a technical bear market earlier this year before bouncing back in the current quarter. A series of routs prompted the IDX to defer the rollout of short-selling in stocks until September. The exchange aims to implement short-selling in the fourth quarter, provided it gets a nod from the Financial Services Authority, Rachman said. It also plans to introduce 'liquidity providers' to improve the market's depth and create fair value for stocks, with 13 firms registering for the role, he said. Overseas investors have pulled a net US$2.9 billion from Indonesian equities so far this year – the biggest withdrawal across South-east Asia in the period, according to data compiled by Bloomberg. Caution is rising over the nation's economic outlook as recent trade and manufacturing data suggest momentum remains lacklustre. Other points from the interview:
Bloomberg
16-06-2025
- Business
- Bloomberg
Indonesia Bourse Mulls Extending Trading Window by One Hour
Indonesia's stock exchange will consider extending trading hours, in its latest effort to draw foreign investors to Southeast Asia's biggest economy after heavy selloffs earlier this year. The local bourse could start trade at 8 a.m. to appeal to Asian investors in earlier time zones, or end later at 5 p.m. to better reach European traders, Iman Rachman, president director of Indonesia Stock Exchange, said in an interview Thursday. Extending timings on both ends is also being considered as part of an internal review that may conclude in three months, he said.
Yahoo
05-06-2025
- Business
- Yahoo
Lee Enterprises Provides Notice of Data Incident
DAVENPORT, Iowa, June 5, 2025 /PRNewswire/ -- Lee Enterprises ("Lee") is writing to notify the community of a data security incident which may have affected your personal information. We take the privacy and security of all information within our possession very seriously. Please read this letter carefully as it contains information regarding the incident and information about steps that affected individuals can take to help protect your information. Please review this communication to learn what happened and the steps that you can take to protect yourself against identity fraud. What Happened? On May 28, 2025, we learned that sensitive information of private individuals was potentially accessed without authorization. The unauthorized access was the result of a suspicious event we first learned of on or about February 3, promptly initiated an investigation of the matter and engaged cybersecurity specialists to assist with the incident response. As a result, we determined that certain files may have been accessed or acquired without authorization on February 1, 2025. With the help of a third-party vendor, we undertook a comprehensive review and, on or about May 28, 2025, learned that some of your personal information was contained within the affected data set. Please note, we have no evidence of the misuse, or attempted misuse, of any potentially impacted information. What Information Was Involved? The incident may have included a person's name with a combination of one or more of the following: Social Security Number, Driver's License, Financial Account Number, Medical Information, or Health Insurance Policy Number. What We Are Doing As soon as we discovered this incident, we took the steps described above and implemented measures to enhance security and minimize the risk of a similar incident occurring in the future. We also notified the Federal Bureau of Investigation and will cooperate with any resulting investigation and provide whatever cooperation may be necessary to hold the perpetrators accountable. In addition, we are offering identity theft protection services through IDX, the data breach and recovery services expert. IDX identity protection services to include credit and CyberScan monitoring, a $1,000,000 insurance reimbursement policy, and fully managed ID theft recovery services. With this protection, IDX will help you resolve issues if your identity is compromised. The deadline to enroll in these services is September 3, 2025. What You Can Do. You can follow the recommendations on the following page to help protect your personal information. You can also enroll in the complementary services offered to you through IDX. For More Information. Further information about how to protect your personal information appears on the following page. If you have questions or need assistance, please call 1-855-200-0677. We take your trust in us and this matter very seriously. We regret any worry or inconvenience this may cause. Sincerely, Lee Enterprises4600 E. 53rd StreetDavenport, IA 52807 Steps You Can Take to Help Protect Your Personal Information Review Your Account Statements and Notify Law Enforcement of Suspicious Activity: As a precautionary measure, we recommend that you remain vigilant by reviewing your account statements and credit reports closely. If you detect any suspicious activity on an account, you should promptly notify the financial institution or company with which the account is maintained. You also should promptly report any fraudulent activity or any suspected incidence of identity theft to proper law enforcement authorities, your state attorney general, and/or the Federal Trade Commission (the "FTC"). Copy of Credit Report: You may obtain a free copy of your credit report from each of the three major credit reporting agencies once every 12 months by visiting calling toll-free 1-877-322-8228, or by completing an Annual Credit Report Request Form and mailing it to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348. You also can contact one of the following three national credit reporting agencies: Equifax P.O. Box 105851 Atlanta, GA 30348 1-800-525-6285 Experian P.O. Box 9532 Allen, TX 75013 1-888-397-3742 TransUnion P.O. Box 2000 Chester, PA Fraud Alert: You may want to consider placing a fraud alert on your credit report. An initial fraud alert is free and will stay on your credit file for at least one year. The alert informs creditors of possible fraudulent activity within your report and requests that the creditor contact you prior to establishing any accounts in your name. To place a fraud alert on your credit report, contact any of the three credit reporting agencies identified above. Additional information is available at For TransUnion: Security Freeze: You have the right to put a security freeze on your credit file for up to one year at no cost. This will prevent new credit from being opened in your name without the use of a PIN number that is issued to you when you initiate the freeze. A security freeze is designed to prevent potential creditors from accessing your credit report without your consent. As a result, using a security freeze may interfere with or delay your ability to obtain credit. You must separately place a security freeze on your credit file with each credit reporting agency. In order to place a security freeze, you may be required to provide the consumer reporting agency with information that identifies you including your full name, Social Security number, date of birth, current and previous addresses, a copy of your state-issued identification card, and a recent utility bill, bank statement or insurance statement. For TransUnion: You also have certain rights under the Fair Credit Reporting Act (FCRA): These rights include to know what is in your file; to dispute incomplete or inaccurate information; to have consumer reporting agencies correct or delete inaccurate, incomplete, or unverifiable information; as well as other rights. For more information about the FCRA, and your rights pursuant to the FCRA, please visit Additional Free Resources: You can obtain information from the consumer reporting agencies, the FTC, or from your respective state Attorney General about fraud alerts, security freezes, and steps you can take toward preventing identity theft. You may report suspected identity theft to local law enforcement, including to the FTC or to the Attorney General in your state. Federal Trade Commission - Consumer Response Center: 600 Pennsylvania Ave, NW, Washington, DC 20580; 1-877- IDTHEFT (438-4338); For residents of Hawaii, Michigan, Missouri, North Carolina, Vermont, Virginia, and Wyoming: You are advised to remain vigilant for incidents of fraud and identity theft by reviewing credit card account statements and monitoring your credit report for unauthorized activity. For residents of Colorado, Illinois, Iowa, Maryland, Missouri, New Mexico, North Carolina, Oregon, and West Virginia: You may obtain a copy of your credit report, free of charge, whether or not you suspect any unauthorized activity on your account. You may obtain a free copy of your credit report from each of the three nationwide credit reporting agencies. To order your free credit report, please visit or call toll-free at 1-877-322-8228. You can also order your annual free credit report by mailing a completed Annual Credit Report Request Form (available at to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA, 30348-5281. For residents of Iowa: You are advised to report any suspected identity theft to law enforcement or to the Attorney General. For residents of New Mexico: You are advised to review personal account statements and credit reports, as applicable, to detect errors resulting from the security breach. You have rights under the federal Fair Credit Reporting Act (FCRA), which governs the collection and use of information pertaining to you by consumer reporting agencies. For more information about your rights under the FCRA, please visit or For residents of Massachusetts: You have the right to obtain a police report filed in regard to this incident. If you are the victim of identity theft, you also have the right to file a police report and obtain a copy of it. For residents of Oregon: You are advised to report any suspected identity theft to law enforcement, including the Attorney General, and the Federal Trade Commission. For residents of Rhode Island: You have the right to file or obtain a police report in regard to this incident. For residents of Arizona, Colorado, District of Columbia, Illinois, Maryland, New York, North Carolina, and Rhode Island: You can obtain information from the offices of your state Attorney General and the Federal Trade Commission about fraud alerts, security freezes, and steps you can take toward preventing identity theft. Federal Trade Commission - Consumer Response Center: 600 Pennsylvania Ave, NW, Washington, DC 20580; 1-877- IDTHEFT (438-4338); Arizona Office of the Attorney General Consumer Protection & Advocacy Section: 2005 North Central Avenue, Phoenix, AZ 85004 1-602-542-5025 Colorado Office of the Attorney General Consumer Protection: 1300 Broadway, 9th Floor, Denver, CO 80203 1-720- 508-6000 District of Columbia Office of the Attorney General – Office of Consumer Protection: 400 6th Street, NW, Washington, DC 20001; 202-727-3400; Illinois office of the Attorney General: 100 West Randolph Street, Chicago, IL 60601; 1-866-999-5630; Maryland Office of the Attorney General - Consumer Protection Division: 200 St. Paul Place, 16th floor, Baltimore, MD 21202; 1- 888-743-0023; New York Office of Attorney General - Consumer Frauds & Protection: The Capitol, Albany, NY 12224; 1-800-771-7755; North Carolina Office of the Attorney General - Consumer Protection Division: 9001 Mail Service Center, Raleigh, NC 27699; 1- 877-566-7226; Rhode Island Office of the Attorney General - Consumer Protection: 150 South Main St., Providence RI 02903; 1-401-274-4400; View original content: SOURCE Lee Enterprises Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
