OJK noted that the total disbursement of loans restructured by banks in July 2021, showed a drop to US$ 54.6 billion (IDR 778.9 trillion). However, they highlighted the risk of non-performing loans (NPLs) in the banking sector. The July NPL
The Central Statistics Agency (BPS) saw that farmers’ livelihood improved in August, amid the loosening of lock down measures, or PPKM, in various regions of Indonesia. The agriculture sector grew by 1.6% from the previous month. President Joko Widodo encouraged
President Joko Widodo urged the administration to continue supporting the growth of the agricultural sector, among others, by facilitating the distribution of micro loans (“KUR”). The allocation of KUR for the agricultural sector this year reached US$ 4.88 billion (IDR
In the midst of pandemic, the agriculture sector has shown resilience and maintained productivity. State-owned bank BRI disbursed agricultural loans amounting to US$ 8.2 billion (IDR 118 trillion), a 12.8% year-on-year growth, by the end of Q2 this year. BRI
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
The Financial Services Authority, OJK, has prepared six strategic policies in collaboration with Bank Indonesia to maintain financial stability amidst the implementation of “Restrictions on Community Activities” (PPKM). The government hopes that this year’s economy will still be able to
As a digital Islamic bank, Bank Aladin adopts a unique strategy of combining online and offline customer outreach. Bank Aladin partners with Alfamart, the largest convenience store chain with >15k outlets located throughout the country, and Halodoc, telemedicine provider. Despite
President Joko Widodo announced that the GDP contribution from Indonesia’s digital economy is currently at 4%, and urges the need for the digital economy to grow at a faster pace. He highlighted the potential of Indonesia to make up 40%
Indonesia has recently adopted the fifth generation internet network (5G) since May. US company, Dell Technologies, estimates that 5G will enable growth for several industries. The financial sector can leverage 5G for alternative credit scoring. The health sector can apply
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