Digitisation of the economy is one of the focus areas for Indonesia’s growth. President Joko Widodo (Jokowi) is targeting a minimum of 20 million MSMEs to enter the digital ecosystem in 2022, followed by 24 million by 2023, and 30
Internet tariff in Indonesia is the 12th cheapest globally, according to a cable.co.uk report. Cellular operators warned that this may threaten the sustainability of the telecommunications sector in the country. The average price for mobile internet packages in Indonesia is
There has been interest from fintech P2P lenders to acquire banks, as part of their efforts to increase share of MSME lending in Indonesia. Most recently, P2P fintech, Amarta, was reportedly in talks to acquire Bank Victoria Syariah by taking
The Deposit Insurance Corporation (LPS) estimates that the interest on deposits will continue to decline but at a slower rate. The decline in interest rates has slowed down since the end of 2021, while liquidity conditions are still positive. At
The International Monetary Fund (IMF) highlighted three global risks that may overshadow Indonesia’s economic recovery. The first risk is the uncertainty of the pandemic, driven by low vaccination rates, risks of lockdowns and the emergence of new variants. The second
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