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Need for investment in infrastructure development
The transportation sector plays an important role in the economic recovery process. Minister of Transportation, Budi Karya Sumadi, shared that Indonesia’s economic growth of 7.07% in 2021 Q2 was driven by physical mobility of consumers and businesses. Budi shared that
Women dominate Indonesia’s MSME sector but face funding gap
More than 50% of Indonesia’s micro and small businesses are owned by women. However, many of them were forced to close their businesses due to lack of capital during the Covid-19 pandemic. Minister of Cooperatives and Small and Medium Enterprises
Ag-tech startups face three structural gaps in the Agriculture sector
Indonesia’s agriculture sector remains underinvested and has yet to realise its economic potential. Microsoft and agricultural startup, TaniHub Group, aims to address this by providing technology-enabled services to increase productivity. However the technology companies in the agriculture sector face three
Indonesian startups received IDR 14.3 trillion in funding this year
According to BRI Ventures’ Chief Investment Officer, William Gozali, there were 87 Indonesian startups that received funding during the first half of 2021, and estimated the actual total numbers to be more than 100. Cumulatively, the startups have raised US$
Indonesia is at risk of energy deficit by 2040
Faisal Basri, a senior economist at the Institute for Development of Economics and Finance (INDEF), predicts that Indonesia is at risk of energy deficit in 2040 if the sector delays actions to transition to new and renewable energy (NRE). According
OJK launches the inaugural 2021 Financial Inclusion Month
OJK launches the inaugural Financial Inclusion Month, along with the financial services industry in October. The Government of Indonesia sets the ambitious target of 90% of the population to be financially included by 2024, as part of a strategic drive
Bank Raya transforms to serve gig-economy workers
PT Bank Rakyat Indonesia Agroniaga Tbk (“BRI Agro”) changed its name to PT Bank Raya Indonesia Tbk (“Bank Raya”), as part of the bank’s commitment to become a digital bank. The former name, BRI Agro, was closely associated with an
Impact Credit Solutions and Bank Central Asia partner to offer financing to the Indonesian healthcare sector
SEPTEMBER 28, 2021 – Bank Central Asia (BCA), a leading Indonesian commercial bank, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic. BCA has committed to participate in the
August shows increase in overall credit distribution from the previous month
Bank Indonesia (BI) noted that the distribution of credit by banks in the last month began to show a steady increase. The value of loans disbursed in August 2021 reached USD 390.4 billion (IDR 5,574.9 trillion) growing at 1% on
Minister of Health expects healthcare services to leapfrog post-pandemic
Minister of Health, Budi Gunadi Sadikin, predicts that healthcare services will rapidly digitize post-pandemic, especially the application of artificial intelligence, the Internet of Things (IoT), and big data. Budi said the government has used a number of healthcare technologies in
