Bank Indonesia (BI) reports that there are several banks that have yet to meet the Government’s target of 20% loan allocation to the MSME sector in Indonesia. Key reason for failing to meet these targets is due to the lack
Indonesia’s corporate sector has begun to show signs of recovery since the CV-19 pandemic. OJK’s Chairman, Wimboh Santoso, shared that there are three indicators that show improvement in the performance of the corporate sector. The indicators are: 1) the increase
Bank Indonesia (BI) noted that the distribution of credit by banks in the last month began to show a steady increase. The value of loans disbursed in August 2021 reached USD 390.4 billion (IDR 5,574.9 trillion) growing at 1% on
Finance Minister, Sri Mulyani, is optimistic that economic growth in the third quarter will reach the range of 4%-5%. Economic activity has resumed, driven by the gradual easing of the Implementation of Community Activity Restrictions (PPKM) since last month. Optimism
Based on OJK data, in 2019, there were 164 registered fintech lenders. The number fell to 152 at the end of last year. As of September, the number of fintech lending was at 107. Head of the OJK Non-Bank Financial
The government has increased the budget for the People’s Business Credit (KUR) program this year from US$17.5 billion (IDR 253 trillion) to US$20 billion (IDR 285 trillion). Coordinating Minister for Economic Affairs, Airlangga Hartarto, mentioned that the decision was part
The emergency level 4 Community Activity Restrictions (PPKM), or lockdowns, in most areas of Java and Bali, have slowed down domestic consumption in July. Finance Minister, Sri Mulyani, shared that in August, this was reversed, following the ease of the
President Joko Widodo’s three-part approach includes industrial downstreaming, digitising MSMEs, and the green economy. Jokowi said that some of the downstream results are already observable. Indonesia’s steel exports have reached US$ 10.5 billion during the first half of 2021. Other
OJK requires the banking industry to implement a climate-resistance risk management strategy. This regulation requirement is part of OJK’s commitment to a sustainable economy, and to encourage capital flow to sustainable public investment, private investment, infrastructure development, human resource development.
Indonesia’s GDP growth is targeted at 5- 5.5% in the draft State Budget 2022 (“RAPBN”). Venture investors remain optimistic for Indonesia’s startup ecosystem, provided there are signs of economic recovery in the short term. With a typical investment period of
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