Finance Minister: BSF Is Active When Economic Conditions In Beware

By : Herry Barus And Aldo Bella Putra | Monday, May 28 2018 - 15:10 IWST

Menkeu Sri Mulyani (Foto Dok
Menkeu Sri Mulyani (Foto Dok - Jakarta - Finance Minister Sri Mulyani Indrawati said the initiative "Bond Stabilization Framework" (BSF) will be active if based on the Financial System Stability Committee (KSSK) assessment of economic conditions in a state of alert.

"It was done under the status of 'crisis management protocol' status has increased from normal to alert," said Sri Mulyani in Jakarta, Monday (28/05/2018)

The Bond Stabilization Framework is one of the mitigations prepared by the government in the form of short and medium-term framework to anticipate the impact of the crisis on the domestic Securities (SBN) market.

Sri Mulyani explained that early warning indicators from four authorities in KSSK in the Ministry of Finance, Bank Indonesia, the Financial Services Authority and the Deposit Insurance Corporation show the current economic condition is still in normal condition.

"Currently I emphasize 'crisis management protocol' status remains normal according to 'assessment' KSSK," she explained.

Nevertheless, she added, all components of KSSK will improve coordination of the current economic conditions and are prepared to take action and anticipate the disruption that could threaten financial sector stability.

"We will continue to coordinate and be alert in looking at environmental changes and will not hesitate to respond timely, appropriate dosage, so as to maintain the stability of the financial system," said Sri Mulyani.

Previously, the government had initiated the "Bond Stabilization Framework" which is a short and medium-term framework to anticipate the impact of the domestic market crisis on Government Securities (SBN).

The short-term measures in this stabilization framework include the purchase of SBN in the secondary and medium-term markets in the form of "bond stabilization fund". (Ant) 

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…