SEPTEMBER 28, 2021 – Bank Central Asia (BCA), a leading Indonesian commercial bank, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic. BCA has committed to participate in the
Bank Indonesia (BI) noted that the distribution of credit by banks in the last month began to show a steady increase. The value of loans disbursed in August 2021 reached USD 390.4 billion (IDR 5,574.9 trillion) growing at 1% on
Minister of Health, Budi Gunadi Sadikin, predicts that healthcare services will rapidly digitize post-pandemic, especially the application of artificial intelligence, the Internet of Things (IoT), and big data. Budi said the government has used a number of healthcare technologies in
The government is encouraging the manufacturing of medical devices to create a resilient supply chain during the Covid-19 pandemic. To date, Indonesia has been able to produce 16 of 19 categories of medical devices in-country. One of the government’s initiatives
Based on OJK data, in 2019, there were 164 registered fintech lenders. The number fell to 152 at the end of last year. As of September, the number of fintech lending was at 107. Head of the OJK Non-Bank Financial
Finance Minister, Sri Mulyani, is optimistic that economic growth in the third quarter will reach the range of 4%-5%. Economic activity has resumed, driven by the gradual easing of the Implementation of Community Activity Restrictions (PPKM) since last month. Optimism
Xendit announced the closing of its Series C funding round, raising US$ 150 million (IDR 2.1 trillion) from a number of investors. The firm is currently operating in Indonesia and the Philippines, and plans to expand into other markets with
OJK noted that the total disbursement of loans restructured by banks in July 2021, showed a drop to US$ 54.6 billion (IDR 778.9 trillion). However, they highlighted the risk of non-performing loans (NPLs) in the banking sector. The July NPL
The Financial Services Authority (OJK) reported that the realization of bank credit in July slowed down, despite its 0.5% year-on-year growth. OJK chairman, Wimboh Santoso, mentioned that the private commercial banks’ lending is contracting at 2.62% year-on-year, and 4.5% year-to-date.
The Government of Indonesia issued a global bond of 500 million euros or the equivalent of Rp 8.4 trillion to achieve specific SDGs. This is also the first conventional SDG bond issuance in Asia. The Directorate General of Financing and
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