OCTOBER 12, 2021 – Restock.ID, an Indonesian fintech, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic. Restock.ID and ICS have entered a US$4 million credit facility to
The Financial Services Authority (“OJK”) formed a task force (“Satgas”) to create a roadmap for Phase II of the Sustainable Finance principles for 2021-2025. The task force consists of 47 financial service institutions from the banking, capital markets and
The government has allocated a budget of US$6.7 billion (IDR95.13 trillion) for the MSME sector through the National Economic Recovery (“PEN”) program this year. Coordinating Minister for Economic Affairs, Airlangga Hartarto, said the current realisation is 64.8%, reaching 32.72
The latest report by Bain, Microsoft and Temasek Holdings, highlights the green economy opportunity in Southeast Asia. Currently, there are at least eight startups in Indonesia, including Gojek, investing in decarbonisation initiatives. The report highlights an investment gap of
The transportation sector plays an important role in the economic recovery process. Minister of Transportation, Budi Karya Sumadi, shared that Indonesia’s economic growth of 7.07% in 2021 Q2 was driven by physical mobility of consumers and businesses. Budi shared that
More than 50% of Indonesia’s micro and small businesses are owned by women. However, many of them were forced to close their businesses due to lack of capital during the Covid-19 pandemic. Minister of Cooperatives and Small and Medium Enterprises
Indonesia’s agriculture sector remains underinvested and has yet to realise its economic potential. Microsoft and agricultural startup, TaniHub Group, aims to address this by providing technology-enabled services to increase productivity. However the technology companies in the agriculture sector face three
According to BRI Ventures’ Chief Investment Officer, William Gozali, there were 87 Indonesian startups that received funding during the first half of 2021, and estimated the actual total numbers to be more than 100. Cumulatively, the startups have raised US$
Faisal Basri, a senior economist at the Institute for Development of Economics and Finance (INDEF), predicts that Indonesia is at risk of energy deficit in 2040 if the sector delays actions to transition to new and renewable energy (NRE). According
OJK launches the inaugural Financial Inclusion Month, along with the financial services industry in October. The Government of Indonesia sets the ambitious target of 90% of the population to be financially included by 2024, as part of a strategic drive
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