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Impact Credit Solutions Expands Senior Team With Four Women Leaders
JULY 2021 – Impact Credit Solutions (ICS), the fintech platform that enables small business lending in Southeast Asia, has named four new senior executives. Its hires, which include Dewi Wiranti, Tam Trinh, Smriti Gupta and Grace Su, boost its gender
Contribution of the digital sector to Indonesia’s GDP has yet to reach its potential
President Joko Widodo announced that the GDP contribution from Indonesia’s digital economy is currently at 4%, and urges the need for the digital economy to grow at a faster pace. He highlighted the potential of Indonesia to make up 40%
5G Internet network is predicted to boost many sectors
Indonesia has recently adopted the fifth generation internet network (5G) since May. US company, Dell Technologies, estimates that 5G will enable growth for several industries. The financial sector can leverage 5G for alternative credit scoring. The health sector can apply
Fintech peer-to-peer (P2P) companies as contributors to MSME credit needs
P2P actors have been focused on financing MSMEs in Indonesia. Modalku has disbursed +US$1.68 billion (IDR24.5 trillion) to 4.6 million MSME across Indonesia, Singapore, Malaysia and Thailand. Similarly, Koinworks stated that it had disbursed US$70 million (IDR1 trillion) in 2021
Indonesia’s plastic recycling industry could reach US$704 million
Indonesia’s plastic recycling industry could reach US$704 million (IDR10 trillion) per year. According to the Ministry of Industry data, this would require US$500 million (IDR 7.15 trillion) in investments and production capacity of 2.3 million tons per year.. In addition,
METI urges Indonesia to be carbon-free by 2050
The Indonesian Renewable Energy Society (METI) urges Indonesia to push for a net-zero carbon target by 2050 not 2060- 2070. The threat from climate change is increasingly evident. METI Chairman, Surya Darma, shared that one of the impacts of climate
The pace of digital banking in the midst of demographic boom
The 2020 population census revealed that 30% of the total population of Indonesia is Generation Z, followed by 26% that are Millennials. The Financial Services Authority (OJK) announced the significant share of youth in the population is one of the
Bio Farma, state-owned enterprise, ensures sufficient supply to meet vaccination targets
Currently, Indonesia has received 104 million doses of the vaccine, mostly in the form of raw materials. PT Bio Farma ensures that there is sufficient supply domestically to deploy 1 million doses per day. The Government of Indonesia, and Sinovac,
Indonesia ranks third highest fintech users in the world
According to the 2021 Report by AppsFlyer, Indonesia ranks third among 15 other countries in terms of financial application installations. With a large population and relatively high percentage of underbanked and unbanked population, Indonesia is the only Southeast Asian country
Big Indonesian startups are looking into sustainable ventures
The opportunity for renewable energy, agribusiness and fishery sectors are worth up to US$ 70 billion (IDR 100 trillion), shared Mr. Jefri Sirait, Chairman of the Venture Capital Association for Indonesian Startups (Amvesindo). Gojek, a tech company, works with Honda
