10 hours ago
7
January 30, 2025 | 03:28 pm
TEMPO.CO, Jakarta - The Head of the Insurance, Guarantee, and Pension Fund Supervision Executive (PPDP) at the Financial Services Authority (OJK), Ogi Prastomiyono, said that the 3 million housing program and the free nutritious meals program (MBG) present opportunities for the growth of the insurance industry.
"The existence of various government priority programs, such as the 3 million housing development program and the free nutritious meals program, has the potential for the insurance industry to contribute," said Ogi Prastomiyono in Jakarta on Wednesday, January 29, 2025.
He said that his team had discussed with insurance associations about their support for government programs. "In general, the entire insurance industry is ready to support all government programs," he stated.
The Head of the Financing Institution, Venture Capital, Microfinance Institutions, and Other Financial Services Supervisory Executive (PVML) at OJK, Agusman, said that government programs could help boost the performance of the financing sector since motor vehicle sales are expected to remain sluggish this year.
"Financing in the housing sector is expected to be a potential segment with the government's 3 million housing program," he said.
The Head of the Banking Supervision Executive at OJK, Dian Ediana Rae, said that to support the construction of 3 million housing for low-income communities (MBR), his team consistently coordinates the distribution of housing loans with relevant institutions and agencies.
"In this case, the provision of credit to the public is based on the principles of risk management, taking into account the risk appetite and prudence principles of each bank, so it is not solely based on the quality of credit facilities in the financial services information system (SLIK)," he explained.
He said that OJK with the government and other regulators, will continue to monitor various indicators of the national financial system to drive sustainable growth and stability in the domestic economy through various policy mixes or stimuli.
As of November 2024, he said that the banking liquidity condition was considered adequate, with the liquidity ratio to non-core deposits (AL/NCD), liquidity ratio to third-party funds (AL/DPK), and liquidity coverage ratio (LCR) at 112.94%, 25.57%, and 213.07%, respectively. "Furthermore, the Loan to loan-to-deposit ratio (LDR) of 87.34% is considered sufficient to anticipate an increase in loans," said Dian.
Editor's Choice: Indonesian Govt to Add 230 Kitchen Units for Free Nutritious Meal Program in February
Click here to get the latest news updates from Tempo on Google News
Indonesian Govt to Add 230 Kitchen Units for Free Nutritious Meal Program in February
2 jam lalu
The Head of BGN said there would be an additional 230 SPPG units for the free nutritious meal program in February 2025.
BGN: Free Nutritious Meals Can Include Grasshoppers, Sago Worms
1 hari lalu
The National Nutrition Agency (BGN) said it does not impose a standardized national menu for the Free Nutritious Meal program.
Celios Believes Prabowo's Free Nutritious Meal Program is Not on Target
2 hari lalu
The Center of Economic and Law Studies (Celios) assessed that the distribution of Prabowo's Free Nutritious Meal Program is not on target.
OJK Reveals Cyber Threats to Banking Customers
3 hari lalu
The Financial Services Authority (OJK) revealed that the risk of cyber attacks in the banking industry has increased significantly.
Insects Have Potential to Be Included in Free Nutritious Meal Menu, Says BGN
5 hari lalu
BGN head says the menu of the free nutritious meal will be adapted to the potential resources or preferences of each region.
Free Nutritious Meals in Palembang to Be Halted During Ramadan
5 hari lalu
The Education Office of Palembang City will temporarily suspend the Free Nutritious Meals Program (MBG) during Ramadan.
Fintech Association Reveals Efforts to Bail Investree Were Made Prior to Permit Repeal by OJK
6 hari lalu
Fintech Association reveals that efforts to rescue Investree were made before its operating license was revoked by OJK.
AFPI: 21 Companies with Over 5% Bad Credit Rates Will Not Affect the Online Lending Industry
6 hari lalu
OJK noted 21 fintech or online lending companies with TWP90 above 5 percent as of November 2024.
Celios Highlights Risk of High Budget Leakage in Free Nutritious Meal Program
6 hari lalu
Celios said the potential for budget leakage stems from several factors, including inefficient program management and opportunities for corruption.
Free Nutritious Meal Will Continue During Ramadan, BGN Says
6 hari lalu
BGN says there will be different schemes for distributing free nutritious meals during Ramadan.
