Climate And Green News

Banks are now required to implement climate-risk management strategies

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.

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Policy/Regulation News

Indonesian government welcomes investments

Following the Presidential Regulation No.10 of 2021, the Indonesian government now considers the ‘Ínvestment Business Sector’ as a Priority Business field to accelerate investments and job creation. The key eligibility criteria is based on alignment with national strategic programs and

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Fintech News

OJK plans to increase fintech lending to productive sectors

Financial Services Authority (OJK) plans to increase fintech lending for productive loans from 35.7% currently to ~60% of total loans disbursed by 2024. Consumer or personal loans currently dominate fintech lending, which have higher risk for bad debts. Productive loans

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Macro News

US$19.4 billion in foreign capital inflows to be expected

Bank Indonesia (BI) estimates that foreign capital flows of US$19.4 billion is expected, and is partially attributable to the implementation of Omnibus Law on Job Creation and the establishment of the Investment Management Institute. Perry Warjiyo, BI governor, shared that

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