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Gojek’s new ally, AirAsia, works on Super App in Thailand
Last week, Gojek announced the sale of its Thailand business to AirAsia, Malaysia-based low-cost airline carrier. Both companies realized the synergies in the businesses that would contribute to AirAsia’s pivot to strengthen its Super App business. AirAsia’s Super App will
Majority of payment service providers have minimum capital of IDR 15 billion
Bank Indonesia (BI) noted that there are 190 payment service providers that had obtained permits and gone through a reclassification process. The majority of them are considered payment service providers (PJP) companies with a minimum capital of US$1 million (IDR
Pertamina Indonesia commits to target 17% of portfolio with green energy by 2030
Pertamina Indonesia, a state-owned energy company, is committed to achieving a green energy portfolio of 17% of its total energy business by 2030 to support net-zero carbon transition in Indonesia. Pertamina’s current share of green energy is at 9.2% of
Indonesia’s SDGs impacted by the pandemic
In Indonesia, similar to other countries, the Covid-19 pandemic has disrupted the progress of sustainable development goals (SDGs), making it difficult to achieve the targets by 2030. The SDGs in Indonesia are focused on four issues: social development, economic development,
Sri Mulyani announced that lock down measures (PPKM) may continue until August
Minister of Finance, Sri Mulyani, announced that current lock down measures (PPKM, Community Activity Restrictions) could last up to 6 weeks in response to the increase of Covid-19. The previous announcement was for the measures to last from 3rd to
With rising Covid-19 cases, demand for telemedicine and vaccines spikes
The Ministry of Health recorded over 34k new Covid-19 cases daily, with cumulative positive cases of Covid-19 reaching 2.37 million. Consequently, Good Doctor, a healthcare technology startup, recorded a six-fold increase in demand for telemedicine services in the past month.
Accelerating Indonesia’s circular economy
The government plans to revise Presidential Regulation No. 35 of 2018, concerning the acceleration of processing waste/by-products of electrical energy. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources, Dadan Kusdiana,
Aladin Bank partners with Alfamart and Halodoc to increase their reach
As a digital Islamic bank, Bank Aladin adopts a unique strategy of combining online and offline customer outreach. Bank Aladin partners with Alfamart, the largest convenience store chain with >15k outlets located throughout the country, and Halodoc, telemedicine provider. Despite
OJK expects bank credit to grow by 6% this year
OJK forecasts bank credit to grow by only 6% (+/-1%), lower than the target of 7%. Wimboh Santoso, OJK chairman, highlighted that the current spike in Covid-19 cases has further reduced credit-appetite from corporate debtors. These corporations tend to be
BI increases the minimum level of MSME lending to 30% of bank portfolios
Bank Indonesia (BI) plans to increase the minimum proportion of MSME lending from 20% to 30% by 2024. Currently, only half of the banks in Indonesia meet the minimum requirement. The remaining banks have not been successful in allocating 20%
