JAKARTA. Bank Indonesia (BI) has strengthened its efforts to deepen the financial market by increasing investment and hedging products as part of its support for the tax amnesty program. BI's executive director of communications Tirta Segara said BI fully supported the implementation of the amnesty program, which is expected to increase the government’s capacity to finance development programs. "BI will issue a regulation on negotiable certificate of deposit (NCD) facilities, while creating a hedging product that has lower costs than the regular ones. More products will also be launched soon," he said in Jakarta on Thursday.
BI to issue products to facilitate tax amnesty
JAKARTA. Bank Indonesia (BI) has strengthened its efforts to deepen the financial market by increasing investment and hedging products as part of its support for the tax amnesty program. BI's executive director of communications Tirta Segara said BI fully supported the implementation of the amnesty program, which is expected to increase the government’s capacity to finance development programs. "BI will issue a regulation on negotiable certificate of deposit (NCD) facilities, while creating a hedging product that has lower costs than the regular ones. More products will also be launched soon," he said in Jakarta on Thursday.