Deputy Minister of Finance, Suahasil Nazara, shared that the estimated cumulative cost needed by Indonesia to mitigate climate change and meet its national targets (NDC) is at US$ 265.5 billion (IDR 3,779 trillion) by 2030. According to NDC, Indonesia is
GoTo, a joint entity of Gojek and Tokopedia, recorded total transactions of US$ 29.4 billion (IDR 420 trillion) for 2021. GoTo CEO, Andre Soelistyo, illustrates that Gojek and Tokopedia seek to build a digital bridge (marketplace) for micro, small and
In a recent report by Google, Temasek and Bain, it is estimated that Southeast Asia’s digital economy will be at US$146 billion (IDR 2,080 trillion) by 2025. However, there are three challenges to overcome: digital talent deficit, data regulation, and
OJK noted that the distribution of credit by fintech lenders to the productive sector continues to increase, reaching US$ 8 billion (IDR 114.76 trillion) as of October, and 43.6% of the total disbursements are channeled to productive sectors. In 2020,
Institutional lenders (sometimes referred as ‘super lenders’) currently dominate in providing capital for fintech lending. Based on OJK data in September 2021, retail investors contributed 22.8% of outstanding loans with a value of US$ 430 million (IDR 6.14 trillion). However,
Google, Temasek, and Bain released a report estimating Indonesia’s digital economy’s value at US$ 70 billion (IDR 997 trillion) for this year, a 49% year-on-year growth. The report also estimates the digital economy to reach US$ 146 billion (IDR 2.08
The Indonesian Joint Funding Fintech Association (AFPI), an OJK-appointed regulator, aims to cut daily interest rates significantly, up to 50%. Economists shared that this mandate has several negative implications, such as decline in fintech-investors, and decline in disbursement volumes. Alternative
OJK recorded that the banking industry’s credit distribution reached US$ 40 billion (IDR 5,653 trillion) as of September 2021, a 2.21% year-on-year increase. State-owned banks disbursed ~51% of the total credit volume as of Q3, and increased their lending by
As of Q3 2021, third party funds (DPK) in the banking industry continue to grow, albeit at a lower growth rate compared to previous months. On the other hand, credit disbursements continued to grow in the same period. Meanwhile, the
Domestic economic outlook from consumers and businesses have strengthened as Indonesia loosens its social distancing policies (PPKM). The government implemented a number of easing measures in November, including increasing the capacity of shopping malls and public transportation. This is reflected
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