Covid-19 News

Indonesia invests in domestic production for medical devices

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

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Industry News

OJK reports record NPL since January 2019

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

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Macro News

Commercial banks remain sluggish in credit disbursement

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.

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