Macro News

World Bank forecasts Indonesian economy to grow by 5.2%

The World Bank estimates that the Indonesian economy will grow by 5.2% this year, from 2021’s estimated economic growth at 3.7%. This is due to strong domestic demand and rising commodity prices. Meanwhile, the neighbouring countries’ economic growth forecasts are

Read More »
Policy/Regulation News

OJK extends non-bank industry stimulus until 2023

The Financial Services Authority (OJK) has extended the Covid-19 stimulus policy in the Non-Bank Financial Industry (IKNB) sector, which was originally set to expire on April 17, 2022, to April 17, 2023. This policy extension includes restructuring activities by multi

Read More »
Fintech News

Digital Banks to conduct direct lending in 2022

Digital banks, Bank Jago and Bank Neo Commerce, plan to launch loan products directly through their platform. Executive Director of the Indonesian Fintech Association (AFPI), Kuseryansah said, fintech peer-to-peer lenders do not consider digital banks as competitors, but as collaborators.

Read More »
Sign up to our newsletter systems to get latest news from us