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Covid-19 News

Increasing Omricon cases in Indonesia

The average daily cases in Indonesia as of last week, is at 1,808 cases per day, which is significantly low compared to global figures. President Joko Widodo had urged the population to get booster shots, as a step to prevent

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Covid-19 News

Indonesia invests in domestic production for medical devices

The government is encouraging the manufacturing of medical devices to create a resilient supply chain during the Covid-19 pandemic. To date, Indonesia has been able to produce 16 of 19 categories of medical devices in-country. One of the government’s initiatives

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Covid-19 News

Fintechs anticipating rise of Non-Performing Loans

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

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Covid-19 News

Sharia economy to grow during the pandemic

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

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