The Ministry of National Development Planning (PPN) or Bappenas estimates that economic losses due to climate change could reach US$7.9 billion (IDR 115 trillion) by 2024. It is imperative that Indonesia takes steps to low carbon development and transition to
Latest data reveals that paylater payment options have been gaining traction, with 55% of paylater users being new users (registered less than 12 months ago), and 41% of consumers chose the paylater feature to better manage monthly expenses. Paylater is
The Investment Alert Task Force (SWI) recorded an 80% increase in public complaints for illegal online loans during January to June this year, with >3,365 platforms banned since 2018 to date. SWI anticipates an increase in activities by the illegal
The Financial Services Authority, OJK, has prepared six strategic policies in collaboration with Bank Indonesia to maintain financial stability amidst the implementation of “Restrictions on Community Activities” (PPKM). The government hopes that this year’s economy will still be able to
GoTo, Shopee and several technology companies, supported by East Ventures, have raised US$1 million to donate >1,000 oxygen concentrators to priority hospitals, with coordination from the Ministry of Health in Indonesia. Logistics startup, Waresix, is involved in storage and delivery
Last week, Gojek announced the sale of its Thailand business to AirAsia, Malaysia-based low-cost airline carrier. Both companies realized the synergies in the businesses that would contribute to AirAsia’s pivot to strengthen its Super App business. AirAsia’s Super App will
Bank Indonesia (BI) noted that there are 190 payment service providers that had obtained permits and gone through a reclassification process. The majority of them are considered payment service providers (PJP) companies with a minimum capital of US$1 million (IDR
Pertamina Indonesia, a state-owned energy company, is committed to achieving a green energy portfolio of 17% of its total energy business by 2030 to support net-zero carbon transition in Indonesia. Pertamina’s current share of green energy is at 9.2% of
In Indonesia, similar to other countries, the Covid-19 pandemic has disrupted the progress of sustainable development goals (SDGs), making it difficult to achieve the targets by 2030. The SDGs in Indonesia are focused on four issues: social development, economic development,
Minister of Finance, Sri Mulyani, announced that current lock down measures (PPKM, Community Activity Restrictions) could last up to 6 weeks in response to the increase of Covid-19. The previous announcement was for the measures to last from 3rd to
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