TaniFund, P2P lender for farmers, has disbursed IDR 89.2 billion through 243 projects to date. This has led to 2,500 farmers increasing their production volumes by 20%.TaniHub, parent company of TaniFund and an agricultural product marketplace, reported a whopping 639%
Financial Services Authority (OJK) shared that fintech P2P lending volume has reached IDR 155.9 trillion in 2020. OJK estimates that this will continue to grow and attract 8 million new borrowers this year. Unintended consequences of this success is the
Bank of Indonesia (BI) and Financial Services Authority (OJK) provide a regulatory sandbox for fintech startups. This is an incubation period to test the reliability of business innovations and to co-design regulation with plans to extend to health and ecommerce
Bank of Indonesia reported record uptake in digital banking, fuelled by the pandemic and consequently shaping the way people conduct financial transactions in-country. In 2020, the total digital banking transaction volume has reached IDR ~2,775 trillion, with e-money transactions at
Finance Minister, Sri Mulyani Indrawati, claimed the success of the social safety net policy implemented in 2020 in reducing poverty. According to her, these government interventions were needed to curb the poverty rate at 9.78% (>26.42 mil) of Indonesia’s total
COVID-19 vaccine roll-out faces a key logistical challenge in its cold chain distribution to reach remote provinces in Indonesia. The initial vaccinations are reserved for 1.3 million health workers spread across 34 provinces. Health Minister, Budi Gunadi, urges both private
Health Minister Budi Gunadi announced that Indonesia faces a shortage of 448 specialist doctors, nurses and wards to treat COVID-19 patients. As a response, the ministry plans to train general practitioners to perform COVID-19 specific services, mainly pulmonary treatment, anaesthesia
Upon announcement of Trump’s second impeachment, the IDR weakened to 14,092 per USD, along with several Asian currencies such as South Korean Won, Philippine Peso, and the Chinese Yuan. Experts estimate that the IDR will strengthen in light of the
The distribution of Covid-19 vaccines requires cold chain facilities, which consists of ultra-cold freezers to store the vaccines as well as mobile thermoses to deliver them. Generally, vaccines must be stored at certain temperatures (e.g. -2 to -8°C for freeze
As of 25 November, Indonesia recorded its highest daily COVID-19 cases at 5,534 cases. Almost half of these cases came from Jakarta and Central Java. This is in line with the increasing number of tests conducted, with 43,720 people tested
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