The Minister of Finance, Sri Mulyani Indrawati, enacted a new regulation on distribution of funds in foreign currency for the procurement of Covid-19 vaccines. The regulation enables the government to pay directly in foreign exchange, with a direct payment mechanism
Bank of Indonesia (BI) and Financial Services Authority (OJK) provide a regulatory sandbox for fintech startups. This is an incubation period to test the reliability of business innovations and to co-design regulation with plans to extend to health and ecommerce
The Financial Services Authority (OJK) has prepared new regulations to increase fintech lending outside Java to 25%. As of September, this figure is only 14.2%. This new regulation will be implemented over three years, with a 15% requirement in the
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