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
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
Finance Minister, Sri Mulyani, shared that women’s contribution to the Indonesian economy can reach up to USD$135 billion by 2025. She highlighted the importance of equal opportunities in the economy. She also shared that women can contribute up to US$12
Bank OCBC NISP is the first bank in Indonesia to receive a green bond from IFC, valued at US$190 million (IDR 2.75 trillion). President Director, Parawati Surjaudaja, shared that the funds would be used to increase lending to women-owned SMEs.
CDP, an international environmental non-profit, launched its report titled, ‘How Green Are Biofuels: Understanding the risks and policy landscape in Indonesia’. It aims to assess the evolution of biofuel policies related to palm oil production in Indonesia. Since 2006, the
Grab’s journey to become a public company on the US stock exchange is facilitated by Altimeter Growth, a special purpose acquisition company (SPAC). Based on the proposed transaction plan, Altimeter Growth and Grab will be fully owned by a new
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
As part of Covid-19 response, the Indonesian government has launched a number of nationwide recovery (PEN) programs, and Bank Mandiri is one of the state-owned banks to be one of the channeling partners. As part of the PEN programs, the
BI has yet to announce the issue date for Central Bank Digital Currency (CBDC), but shared that it will involve a multi-year implementation plan. On-going evaluations are performed by BI to understand implications on the macro economy, monetary and fiscal
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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