The government plans to retire 9.2 gigawatts (GW) of steam power plants by 2030, as part of the national climate transition strategy. Out of the current capacity of 9.2GW from steam power plants, 3.7 GW, or 40%, will be replaced
Indonesia has the fifth largest number of startups (2,305 in total) globally, according to Startup Ranking. Based on Startup Ranking data, the country with the most startups in the world is the United States with 69,565 companies, followed by India
Emtek Group, as shareholder of Grab Teknologi Indonesia (GTI) and Bukalapak, will acquire 93% of PT Bank Fama Internasional’s shares through its subsidiary, PT Elang Media Visitama (EMV) by the end of 2021. Established in 1993, Bank Fama, has assets
Bank Indonesia (BI) reports that there are several banks that have yet to meet the Government’s target of 20% loan allocation to the MSME sector in Indonesia. Key reason for failing to meet these targets is due to the lack
The Financial Services Authority (OJK) recorded that the banking industry’s credit disbursement grew by 2.21% year-to-year, and reached US$ 39.5 billion (IDR 5,653 trillion) as of September 2021. OJK spokesperson, Sekar Putih Djarot, shared that the credit growth indicates stability
Bank Indonesia (BI) introduces BI-Fast, a new payment system to replace the current National Clearing System of Bank Indonesia (“SKNBI”). The key pain point of the SKNBI system is the lag time, up to one hour, needed for transaction settlements.
Indonesia’s corporate sector has begun to show signs of recovery since the CV-19 pandemic. OJK’s Chairman, Wimboh Santoso, shared that there are three indicators that show improvement in the performance of the corporate sector. The indicators are: 1) the increase
With the increasing relevance of the e-commerce sector, more MSMEs have digitized. However, the government has identified 7 barriers faced by MSMEs to successfully digitize. Some of those barriers are lack of innovation in the digital economy, limited integration with
Several fintech providers, Akseleran, Modal Rakyat, Modalku etc., reported significant growth in their origination for Q3. OJK noted that the monthly distribution of fintech lending reached US$ 1.06 billion (IDR 14.95 trillion) in August 2021, a 205% increase compared to
Several fintech providers, Akseleran, Modal Rakyat, Modalku etc., reported significant growth in their origination for Q3. OJK noted that the monthly distribution of fintech lending reached US$ 1.06 billion (IDR 14.95 trillion) in August 2021, a 205% increase compared to
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