Singapore Fintech Association Business Seminar & Networking – Day 2
AFTECH: Indonesia’s Fintech Market Offers A Multi Trillion Rupiah Business Opportunity JAKARTA, August 24, 2022 – The growth of the digital economy in Indonesia promises great investment opportunities not only for local investors but also for foreign investors. Moreover, recently, the government has continued to…
Singapore Fintech Association Business Seminar & Networking – Day 1
Discussing Regulations and Investment Opportunities in the Digital Economy Sector, Singapore Fintech Association and Synthesis Communication Indonesia Presents Deputy Minister of Trade Jerry Sambuaga JAKARTA, August 23, 2022 – The growth of the digital economy in Indonesia promises great investment opportunities not only for local…
IEF Joins Singapore Blockchain Week Conference
How will blockchain drive ASEAN’s digital economy? According to recent reports, ASEAN’s digital economy could be worth more than US$300 billion by 2025. Can blockchain technology boost the region’s digital economy to even greater heights? Our founder, Shoeb Kagda, will moderate a panel titled: Boosting…
Minister targets creating 4.4 million jobs in creative economy sector
Tangerang – Tourism and Creative Economy Minister Sandiaga Uno has targeted the creative economy sector to absorb 4.4 million domestic workers by 2024. “In 2022, our target is to create 1.1 million new jobs, and (we will) continue to encourage it to reach 4.4 million…
Indonesia preparing special strategy to handle food, energy crises
JAKARTA – The Indonesian government is preparing a special strategy for 2023 to deal with the food and energy crises, Coordinating Minister for Economic Affairs, Airlangga Hartarto, said at the State Palace on Monday. “President Joko Widodo (Jokowi) had asked us to prepare a strategy…
Indonesia central bank sells government bonds to absorb excess liquidity
JAKARTA – Indonesia’s central bank has sold some of its holdings of government bonds in the secondary market, an official said on Monday, stepping up its normalisation of monetary policy after keeping liquidity very loose during the pandemic. Bank Indonesia (BI) is among the world’s…
Government removes palm oil export levy until Aug. 31
JAKARTA – Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues. The decision by the…
Jokowi Is Optimistic Indonesia to Reach 5.1% Growth in Q2
JAKARTA – President Joko “Jokowi” Widodo said he was optimistic Indonesia’s economy could have expanded 5.1 percent in the last quarter, supported by increasing public consumption and investment amid robust investors’ confidence in the country. With the remarks, Jokowi underlined Indonesia’s resilience in the face of rising inflation…
Subsidized fuel price hike may significantly affect inflation
Jakarta – An increase in subsidized fuel oil prices may significantly impact inflation and reduce the people’s purchasing power, an economist has predicted. “If, for instance, (the prices) are raised now, then they will significantly contribute to inflation which will eventually lower the purchasing power,”…
G20 to Tackle Soaring Global Food Price
Jakarta – Members of the G20 have expressed concerns about soaring global food and energy prices triggered by the war between Russia and Ukraine and expressed intent to solve the supply problem, Indonesian Minister of Foreign Affairs Retno Marsudi said Friday. The war and subsequent sanctions against…