Hashim Djojohadikusumo

Money Moves

Warned the MSCI downgrade threat could drag the rupiah to 22,000 per dollar

Bank Indonesia held its benchmark rate at 5.75% on October 21 and raised the rate it pays on overnight deposits to 5.00%. It also set a two-step cut in the share of deposits banks must park at the central bank, from 9% to 7% by December 1, which Governor Destry Damayanti said frees about 190 trillion rupiah ($10.56 billion) for lending.

Updated Yesterday

Built World

As of August 2026: Arsari controls the fiber platform via Nusantara Fiber Teknologi

One of Indonesia's largest telecom operators has spun off its fiber network into a new independent company. RAIA Grid, launched Wednesday by Indosat Ooredoo Hutchison and the Arsari Group, operates 86,000 kilometers of fiber across the archipelago.

Updated Aug 27