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 Industry.c.id)
Menkeu Sri Mulyani (Foto Dok Industry.c.id)

INDUSTRY.co.id - 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

Boomi Partners With Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan (Graphic: Business Wire)

Jumat, 31 Maret 2023 - 17:02 WIB

Boomi Partners with Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan

Boomi™, the intelligent connectivity and automation leader, today announced a new partnership with Works Applications Systems, Co., Ltd. ("WAPS") which provides system development and support,…

Tezos Logo

Jumat, 31 Maret 2023 - 15:52 WIB

Tezos Activates ‘Mumbai’ Upgrade Enabling More Than a Million Transactions Per Second

Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its thirteenth core protocol upgrade.

Choo Sung-hoon hops onto the TramOramic Tram to Central, getting fully immersed in Hong Kong’s unique blend of novelty and ancient sophistication. (Photo: Hong Kong Tourism Board)

Jumat, 31 Maret 2023 - 14:40 WIB

Choo Sung-hoon from Physical 100 Explored Hong Kong solo dolo

To add to the delight, the Hong Kong Tourism Board (HKTB) was glad to have Korean mixed martial artist Choo Sung-hoon – contender from NETFLIX Physical 100 – tour around Hong Kong, discovering…

PT Sariguna Primatirta Tbk (“CLEO”)

Jumat, 31 Maret 2023 - 13:23 WIB

CLEO Optimistic 2023 Turnover Increases Double Digits

PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, managed to record sales of IDR 1.36 trillion in…

PT Cerestar Indonesia Tbk (“TRGU”)

Kamis, 30 Maret 2023 - 17:05 WIB

TRGU Successfully Turns Losses into Profits in 2022

PT Cerestar Indonesia Tbk (TRGU), a producer of wheat flour which newly listed its shares on the Indonesia Stock Exchange last July, immediately achieved brilliant performance in 2022.