Jakarta, Aug. 4 -- Chairperson of the board of commissioners of the Financial Services Authority (OJK), Mahendra Siregar, has said that the stability of the national financial services sector remains resilient despite fears of a looming global economic slowdown.

According to Siregar, this resilience is backed by strong capitalization, adequate liquidity, and a manageable risk profile, which can help the financial services sector face future economic uncertainty.

"Supply-side indicators remain mixed, with a persistent trade balance surplus and high foreign exchange reserves. Although the Manufacturing PMI (Purchasing Managers' Index) remains in the contraction zone," he said in Jakarta on Monday.

One factor strengthening the prospects f...