The World Bank estimates that the Indonesian economy will grow by 5.2% this year, from 2021’s estimated economic growth at 3.7%. This is due to strong domestic demand and rising commodity prices. Meanwhile, the neighbouring countries’ economic growth forecasts are
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
Finance Minister, Sri Mulyani, shared that women’s contribution to the Indonesian economy can reach up to USD$135 billion by 2025. She highlighted the importance of equal opportunities in the economy. She also shared that women can contribute up to US$12
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
Bank Syariah Indonesia (BSI) aims to be one of the world’s 10 largest Islamic banks by 2025.. Indonesia is home to ~12% of the world’s Muslim population, and will be a significant market for BSI. To serve this large market,
According to the Global Islamic Economic Indicator, Indonesia has been a fast growing Sharia (or Islamic) economy over the past three years, jumping from its 11th position in 2017 to 4th in 2020. Jardine Husman, Deputy Director of the Department
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