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Government bonds to be issued for projects that contribute towards Sustainable Development Goals
Finance Minister, Sri Mulyani, plans to issue debt securities, or bonds, specifically intended to achieve sustainable development goals (SDGs). She encouraged domestic corporations to view this as an opportunity to invest in sustainable projects. The government is also using fiscal
Sharia economy to grow during the pandemic
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
Bank Indonesia is optimistic about credit growth
Bank Indonesia (BI) is optimistic that credit disbursements can grow 4%- 6% this year, supported by the following four factors. First factor is the recovery of the global economy, raising world commodity prices that have a positive impact on Indonesia
The sale of oximeter increased by x350 during current lockdown
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
Emtek and Grab partner with Bukalapak to reach MSMEs
The partnership between Grab and Emtek has been strengthened by onboarding Bukalapak to the collaboration. Grab and Emtek, a media conglomerate, are currently collaborating to create an MSME acceleration program called the Kota Mapan Festival, which will be held in
Potential economic losses of IDR 115 trillion, due to climate change
The Ministry of National Development Planning (PPN) or Bappenas estimates that economic losses due to climate change could reach US$7.9 billion (IDR 115 trillion) by 2024. It is imperative that Indonesia takes steps to low carbon development and transition to
Paylater payment services are gaining market acceptance due to the pandemic
Latest data reveals that paylater payment options have been gaining traction, with 55% of paylater users being new users (registered less than 12 months ago), and 41% of consumers chose the paylater feature to better manage monthly expenses. Paylater is
Illegal online loan complaints increased by 80% due to the pandemic
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
OJK implements 6 strategies to maintain financial stability in the middle of lockdown
The Financial Services Authority, OJK, has prepared six strategic policies in collaboration with Bank Indonesia to maintain financial stability amidst the implementation of “Restrictions on Community Activities” (PPKM). The government hopes that this year’s economy will still be able to
Technology companies are mobilizing resources to distribute oxygen in Indonesia
GoTo, Shopee and several technology companies, supported by East Ventures, have raised US$1 million to donate >1,000 oxygen concentrators to priority hospitals, with coordination from the Ministry of Health in Indonesia. Logistics startup, Waresix, is involved in storage and delivery
