To keep global temperature increase below 1.5 degrees Celsius, the world needs to reduce at least 23 billion tons of carbon emissions by 2030. President Director of PT Rimba Makmur Utama, Dharsono Hartono, said that Indonesia has a strategic role
The International Monetary Fund (IMF) forecasts Asia region’s economic growth for 2021 from the previous 7.6% to 6.5% in April. The agency cited the spread of Covid-19 Delta variant, supply chain disruptions, and high inflation, as material risks depressing the
GoTo Group has just received funding from a subsidiary of the Abu Dhabi Investment Authority (ADIA) of US$ 400 million (IDR 5.7 trillion). The funding is estimated to boost the company’s valuation to US$ 28.5 billion (IDR 400 trillion), a
The Ministry of Finance (Kemenkeu) received a debt settlement of US$ 1.5 million (IDR 20.48 billion) from 1,292 small debtors including MSMEs and students. These state receivables are part of a crash program or debt relief scheme provided by the
Bank Indonesia (BI) extended the minimum credit card payment limit of 5% to mid-2022. The central bank, or BI, also extended the reduction in late payment penalties as one of the measures to support the ongoing economic recovery. According
The Asian Development Bank (ADB) will increase its allocation to address climate change from US$ 80 billion to US$ 100 billion (IDR 1,422 trillion). These funds will be provided to ADB member countries in stages until 2030. The funds will
Grab, Emtek, and Bukalapak launched “City of the Future”, an extensive accelerator program targeting Micro, Small and Medium Enterprises (MSMEs) in smaller cities, and peri-urban areas. The program focuses on three priorities: (1) vaccination, (2) adoption of digital platforms, and
The Ministry of Communication and Information (Kominfo) has recently banned four investment platforms and 151 illegal peer-to-peer lenders. From 2018 to August 2021, the Investment Alert Task Force closed 3,515 illegal online lenders. The chairman of the Financial Services
The Minister of Communication and Information (Kominfo) expects Indonesia to have two decacorns (startups with a valuation >US$ 10 billion), following Gojek’s success. Kominfo estimates Indonesia’s digital economy to reach US$ 124 billion by 2025 and US$ 315.5 billion
In line with OJK’s urge for fintech peer-to-peer lenders to increase lending outside Java, many alternative lenders have adopted varied strategies to expand their geographic reach. For example, fintech Danamas plans to increase its non-Java region lending from US$
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