PT Sarana Multigriya Finansial (SMF), a multi finance institution, plans to collaborate with several experienced agencies to issue debt securities in the form of green/social bonds. SMF is developing a framework to determine qualifying criterias for green bonds in accordance
Bulog and TaniHub, agriculture startup companies, are partnering to strengthen national food security. The partnership covers various parts of the agricultural supply chain, from warehouse distribution networks to product marketing and farm finance. Given Bulog’s nationwide network of warehouses and
Bank Indonesia (BI) noted the increase in digital banking transactions, as the consumer preference for online shopping and digital payment options rose.The total volume of digital banking transactions in April 2021 grew by 60.27% year-on-year to ~573 million transactions with
Indonesian Financial Group (IFG) and PT Bank Tabungan Negara (BTN) are collaborating to optimise the digital banking ecosystem for customers. There are synergies between IFG and BTN that can provide consolidation, restructuring, transformation and business innovation services for the Ministry
As part of Covid-19 response, the Indonesian government has launched a number of nationwide recovery (PEN) programs, and Bank Mandiri is one of the state-owned banks to be one of the channeling partners. As part of the PEN programs, the
The Indonesian Joint Funding Fintech Association (AFPI) forecasts that fintech lending in collaboration with BPRs (rural banks) can increase financing outside of Java to 20% in 2022, from the current 15%. This is in line with the recent guidelines issued
According to Bank Indonesia, Indonesia’s Sharia economy in 2020 shrank by 1.72% year-on-year, compared to the national economy which shrank by 2.07%. Despite the overall contraction in Indonesia’s Sharia economy, there were two priority sectors within the Halal value chain
In the beginning of 2021, Bank Indonesia observed an improved efficiency in banking operations. Labor costs and rental costs have decreased due to digitization, 0.03% and 0.05% YOY respectively. BRI reported its BOPO, operating cost to operating income ratio, of
Governor of Bank Indonesia (BI), Perry Warjiyo, appealed to all banks in Indonesia to immediately reduce interest rates to provide credit stimulus to the private sector and grow the economy by 4.3 – 5.3% this year. To date, only banks
East Ventures, an Indonesian venture capital firm, and Katadata Insights Center launched the East Ventures Digital Competitiveness Index 2021 (EV-DCI 2021). The study shows the rise in digital competitiveness across Indonesian provinces, with two key drivers being equitable infrastructure development
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