Non-performing loans for fintech lenders have increased in the midst of the lockdowns, or “PPKM”. OJK data shows that non-performing loans (NPLs) increased from 1.32% in March to 1.54% in May. Therefore, fintech lenders are managing the credit risk in
President Joko Widodo is distributing cash assistance (“BPUM”) to micro enterprise owners of US$ 80 (IDR 1.2 million). The total allocated budget for BPUM is US$ 1 billion (IDR 15.3 trillion), with plans to reach 12.8 million micro businesses throughout
Finance Minister, Sri Mulyani, estimates that the budgeted need for healthcare will rise again this year, reaching US$ 20.7 billion (IDR 300 trillion). It would be the second time that the government has increased its health budget due to the
Very excited to announce our partnership with Thought Machine and Google Cloud to deliver cloud-native technology to scale SME lending in Southeast Asia. With support from Google Cloud and Thought Machine, we have deployed customized financial products (e.g. Sharia-compliant invoice
Finance Minister, Sri Mulyani, plans to issue debt securities, or bonds, specifically intended to achieve sustainable development goals (SDGs). She encouraged domestic corporations to view this as an opportunity to invest in sustainable projects. The government is also using fiscal
One of the positive externalities of the Covid-19 pandemic is the urgency for digital transformation in the banking sector, and the development of the Islamic economy in Indonesia. A study conducted by Inventure-Alvara showed that due to the pandemic, as
Bank Indonesia (BI) is optimistic that credit disbursements can grow 4%- 6% this year, supported by the following four factors. First factor is the recovery of the global economy, raising world commodity prices that have a positive impact on Indonesia
E-commerce company, ShopBack, shared that sales from product categories in health have tripled, and daily necessities and electronics have doubled, during the current lock down (PPKM). In the health product category, there are at least seven types of products that
The partnership between Grab and Emtek has been strengthened by onboarding Bukalapak to the collaboration. Grab and Emtek, a media conglomerate, are currently collaborating to create an MSME acceleration program called the Kota Mapan Festival, which will be held in
The Ministry of National Development Planning (PPN) or Bappenas estimates that economic losses due to climate change could reach US$7.9 billion (IDR 115 trillion) by 2024. It is imperative that Indonesia takes steps to low carbon development and transition to
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