Industry News

Indonesia Financial Group partners with Bank BTN

Indonesian Financial Group (IFG) and PT Bank Tabungan Negara (BTN) are collaborating to optimise the digital banking ecosystem for customers. There are synergies between IFG and BTN that can provide consolidation, restructuring, transformation and business innovation services for the Ministry

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Start up News

Halodoc raises US$80 million in Series C funding

Health startup, Halodoc, received Series C funding of US$80 million (IDR 1.16 trillion). The investment was led by Astra, along with other investors including Temasek, Telkomsel Mitra Inovasi, Novo Holdings, Acrew Diversify Capital Fund, and Bangkok Bank. Halodoc CEO, Jonathan

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Fintech News

Bank BRI offers express digital lending for customers

Bank BRI launches Ceria, a consumer lending product with easy application and processing that can be used for purchases on e-commerce and travel sites. This is the bank’s effort to be competitive with the value proposition of ‘fast application and

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Macro News

Concerns on growing foreign debt

Bank Indonesia (BI) highlighted the 4.6% year-on-year growth in government external debt in January 2021. Erwin Haryono, Head of Communications at BI, shared that this growth is expected due to the increased government spending on Covid-19 pandemic recovery efforts. However,

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