{
    "success": true,
    "data": {
        "id": 1797156,
        "msgid": "house-denies-bi-losing-independence-in-p2sk-law-revision-1781153561",
        "date": "2026-06-11 10:29:00",
        "title": "House Denies BI Losing Independence in P2SK Law Revision",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "The House of Representatives has refuted claims that the revision of the Financial Sector Development and Strengthening Law (P2SK) would strip Bank Indonesia of its independence. A House deputy chairman stated the amendments merely add mandates for the central bank to consider real sector growth and job creation, aligning it with other global central banks. The revision does not include provisions for the arbitrary dismissal of the BI governor, he stressed.",
        "content": "<p>Jakarta - House of Representatives Commission XI has spoken out\nregarding the revision of the Financial Sector Development and\nStrengthening Law (UU P2SK), which has been perceived as eliminating the\nindependence of Bank Indonesia (BI) and has become a public polemic.\nMohamad Hekal, Deputy Chairman of Commission XI and the working\ncommittee for the bill, denied that the revision causes BI to lose its\nindependence. \u201cActually, what was changed regarding that does not\nconcern BI\u2019s independence. I don\u2019t see which article we amended to\ninterfere with BI\u2019s independence,\u201d Hekal said. He stated that after the\nrevision, in addition to its task of maintaining rupiah stability, BI is\nalso to pay attention to real sector growth and job creation. \u201cIndeed,\nBI\u2019s objectives have been added so that besides its task of maintaining\nrupiah stabilisation, it also pays attention to real sector growth and\njob creation, which is exactly the same as the mandates of central banks\naround the world, such as in the United States and Europe,\u201d he\ncontinued. Furthermore, according to him, the additional duties that\nmust be shouldered by BI exist because labour conditions in Indonesia\nare already very concerning, compelling President Prabowo Subianto to\nresolve employment issues. \u201cOur message is more that, as we all know,\nwhen Mr Prabowo first became president there was anxiety about\nIndonesia. Our middle class is shrinking, layoffs are everywhere. Of\ncourse, we hope that everyone must share the burden together, that we\nmust think about the condition of the nation, but the independence still\noperates,\u201d he explained. Additionally, a point stipulating that the\nPresident could dismiss the BI governor also became a polemic. However,\nHekal clarified that the House did not create an article regarding the\ndismissal of the BI governor without clear reason. \u201cSo, we did not\ncreate an article to dismiss the BI governor. But in my opinion, it is\nalready clear how the tenure can end. Indeed, one thing we included,\nwhich applies to all institutions, is that they must obey rules and\nlegislation. A president has a mechanism to step down, a House member\ncan be replaced, a minister can be replaced any day,\u201d he said. He stated\nthere was no intention to control or reduce BI\u2019s independence. However,\nhe said this law revision was carried out so that BI continues to carry\nout its responsibilities fully. \u201cThey should not refuse to be given the\ntask of paying attention to all of us, that\u2019s all, but we did not tamper\nwith their independence. However you want to do it, you arrange it, you\nhave the mandate. So, please implement it in your own way,\u201d he\nconcluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/house-denies-bi-losing-independence-in-p2sk-law-revision-1781153561",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}