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
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
Minister of Finance, Sri Mulyani, announced that current lock down measures (PPKM, Community Activity Restrictions) could last up to 6 weeks in response to the increase of Covid-19. The previous announcement was for the measures to last from 3rd to
OJK forecasts bank credit to grow by only 6% (+/-1%), lower than the target of 7%. Wimboh Santoso, OJK chairman, highlighted that the current spike in Covid-19 cases has further reduced credit-appetite from corporate debtors. These corporations tend to be
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
The Ministry of National Development Planning (PPN) directs regional development policies in 2022 to build new centers of economic growth outside Java. The policy aims to overcome regional disparities. Deputy for Regional Development at PPN shared that regional development next
Most domestic fintech lending capital comes from the financial services industry, such as banking, non-bank financial institutions, and cooperatives. The banking sector has continued to be the main capital-provider for fintech lenders since the beginning of 2021, up to US$165
The Financial Services Authority (OJK) evaluated the performance of Indonesia’s financial services sector to be solid, with capital availability and well-maintained credit risk management. OJK also highlighted the need for the financial services sector to monitor non-conventional metrics to manage
IFC research shares that the Southeast Asia (SEA) e-commerce market has the potential to reach >US$ 280 billion in 2025-2030. Increasing the number of women merchants on online platforms would help realize this potential. The Covid-19 pandemic has accelerated the
Copyright © 2021. All rights reserved.