The Ministry of Health recorded over 34k new Covid-19 cases daily, with cumulative positive cases of Covid-19 reaching 2.37 million. Consequently, Good Doctor, a healthcare technology startup, recorded a six-fold increase in demand for telemedicine services in the past month.
The government plans to revise Presidential Regulation No. 35 of 2018, concerning the acceleration of processing waste/by-products of electrical energy. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources, Dadan Kusdiana,
As a digital Islamic bank, Bank Aladin adopts a unique strategy of combining online and offline customer outreach. Bank Aladin partners with Alfamart, the largest convenience store chain with >15k outlets located throughout the country, and Halodoc, telemedicine provider. Despite
OJK forecasts bank credit to grow by only 6% (+/-1%), lower than the target of 7%. Wimboh Santoso, OJK chairman, highlighted that the current spike in Covid-19 cases has further reduced credit-appetite from corporate debtors. These corporations tend to be
Bank Indonesia (BI) plans to increase the minimum proportion of MSME lending from 20% to 30% by 2024. Currently, only half of the banks in Indonesia meet the minimum requirement. The remaining banks have not been successful in allocating 20%
JULY 2021 – Impact Credit Solutions (ICS), the fintech platform that enables small business lending in Southeast Asia, has named four new senior executives. Its hires, which include Dewi Wiranti, Tam Trinh, Smriti Gupta and Grace Su, boost its gender
President Joko Widodo announced that the GDP contribution from Indonesia’s digital economy is currently at 4%, and urges the need for the digital economy to grow at a faster pace. He highlighted the potential of Indonesia to make up 40%
Indonesia has recently adopted the fifth generation internet network (5G) since May. US company, Dell Technologies, estimates that 5G will enable growth for several industries. The financial sector can leverage 5G for alternative credit scoring. The health sector can apply
P2P actors have been focused on financing MSMEs in Indonesia. Modalku has disbursed +US$1.68 billion (IDR24.5 trillion) to 4.6 million MSME across Indonesia, Singapore, Malaysia and Thailand. Similarly, Koinworks stated that it had disbursed US$70 million (IDR1 trillion) in 2021
Indonesia’s plastic recycling industry could reach US$704 million (IDR10 trillion) per year. According to the Ministry of Industry data, this would require US$500 million (IDR 7.15 trillion) in investments and production capacity of 2.3 million tons per year.. In addition,
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