News
Categories
- Climate And Green News (30)
- Covid-19 News (30)
- Fintech News (83)
- Impact News (23)
- Industry News (36)
- Internal Update (3)
- Macro News (61)
- Policy/Regulation News (27)
- Press Release (12)
- SME News (34)
- Start up News (26)
Archives
- April 2022 (5)
- March 2022 (1)
- February 2022 (5)
- January 2022 (18)
- December 2021 (12)
- November 2021 (20)
- October 2021 (21)
- September 2021 (21)
- August 2021 (27)
- July 2021 (21)
- June 2021 (20)
- May 2021 (20)
- April 2021 (20)
- March 2021 (26)
- February 2021 (19)
- January 2021 (9)
Tags
Fintech lending outlook for 2022
Latest OJK data revealed that there are only 103 licensed fintech lenders in Indonesia. Despite the decline in the number of fintech lenders, the industry’s credit disbursement has reached US$ ~908 million (IDR 12.97 trillion) as of November 2021, 51%
World Bank forecasts Indonesian economy to grow by 5.2%
The World Bank estimates that the Indonesian economy will grow by 5.2% this year, from 2021’s estimated economic growth at 3.7%. This is due to strong domestic demand and rising commodity prices. Meanwhile, the neighbouring countries’ economic growth forecasts are
PERBARINDO, BPR association, workshop on Digital Lending to MSME sector
[JANUARY 17, 2022] PERBARINDO, BPR Association, held an in-person workshop last month, to discuss challenges and different pathways for rural banks to conduct digital lending. The event was hosted by Nikel, a leading embedded lending technology company, that works with
Indonesia needs up to US$60 billion per year by 2050 to achieve decarbonization
The Institute for Essential Services Reform (IESR) has calculated the investment needed to accelerate the net zero emission (NZE) target or zero carbon emissions by 2050, especially for the electricity, transportation and industrial infrastructure sectors after 2030. IESR Executive Director,
OJK extends non-bank industry stimulus until 2023
The Financial Services Authority (OJK) has extended the Covid-19 stimulus policy in the Non-Bank Financial Industry (IKNB) sector, which was originally set to expire on April 17, 2022, to April 17, 2023. This policy extension includes restructuring activities by multi
Digital Banks to conduct direct lending in 2022
Digital banks, Bank Jago and Bank Neo Commerce, plan to launch loan products directly through their platform. Executive Director of the Indonesian Fintech Association (AFPI), Kuseryansah said, fintech peer-to-peer lenders do not consider digital banks as competitors, but as collaborators.
Bukalapak, Grab and Other Corporations invest in Digital Bank Allo
Bukalapak , CT Corp, Salim Group, Grab, Carro, and Growtheum Capital Partners have collectively invested into the capital pool of PT Allo Bank Indonesia, raising its capital base to more than US$420 million (IDR 6 trillion). This gives Allo Bank
Growth in channelling partnership between P2P Fintechs and BPRs
There has been an increase in partnerships between peer-to-peers (P2P) and rural banks (BPRs), in line with OJK’s recent guidelines for cooperation between the two market actors to lend to MSMEs. Amartha, P2P, has recently partnered with BPR Hariarta Sedana
Qatar Fund for Development Partners with Impact Credit Solutions Pte Ltd (ICS) to Launch Indonesia Resilience Fund (IRF) targeting the Health Sector in Indonesia
Qatar Fund for Development (QFFD) signs an agreement with Impact Credit Solutions Pte Ltd (ICS) as a response not only to Covid-19 pandemic, but also to benefit the Indonesian Health Sector at large. This newly born Impact Investment fund will
Sri Mulyani asks BI and OJK to promote green credit from banking sector
The government estimates that the funding needed to achieve the target of reducing greenhouse gas emissions is in the thousands of trillions in IDR, and billions in US$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,