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
Domestic economic outlook from consumers and businesses have strengthened as Indonesia loosens its social distancing policies (PPKM). The government implemented a number of easing measures in November, including increasing the capacity of shopping malls and public transportation. This is reflected
OCTOBER 12, 2021 – Restock.ID, an Indonesian fintech, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic. Restock.ID and ICS have entered a US$4 million credit facility to
SEPTEMBER 28, 2021 – Bank Central Asia (BCA), a leading Indonesian commercial bank, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic. BCA has committed to participate in the
The Ministry of Health, along with PT Pfizer Indonesia and BioNTech SE, signed a commitment to manufacture 50 million doses of Pfizer vaccine in 2021. This commitment is part of Pfizer and BioNTech’s global commitment to produce Covid-19 vaccines. Meanwhile,
Non-performing loans for fintech lenders have increased in the midst of the lockdowns, or “PPKM”. OJK data shows that non-performing loans (NPLs) increased from 1.32% in March to 1.54% in May. Therefore, fintech lenders are managing the credit risk in
Finance Minister, Sri Mulyani, estimates that the budgeted need for healthcare will rise again this year, reaching US$ 20.7 billion (IDR 300 trillion). It would be the second time that the government has increased its health budget due to the
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
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 Investment Alert Task Force (SWI) recorded an 80% increase in public complaints for illegal online loans during January to June this year, with >3,365 platforms banned since 2018 to date. SWI anticipates an increase in activities by the illegal
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