Indonesia's shariah banking industry to welcome major new entity.
Kredivo Group has just launched a digital bank named Krom, revving up by offering high deposit interest rates and waiving specific service fees.
The Indonesian government targets GDP growth to be 5.3-5.6 percent by 2025, gradually moving away from the 'curse' of five percent GDP growth.
The Indonesian government claimed to have been able to collect a value-added tax of up to Rp 17.56 trillion from digital companies. However, many believed that the uncollectable tax remained huge.
Statistics Indonesia declared the 2023 economic growth below target, relying on consumption as growth's main booster.
The Indonesian government will soon liquidate Jiwasraya Insurance. It is widely perceived as a dire fate for government insurance after being hit by fraud.
ADB has agreed on an investment loan of US$650 million for Indonesia’s health facilities’ massive improvement.
The Finance Ministry will use the public-private partnership scheme to guarantee the sustainability of the IKN megaproject.
WIKA has planned to organize an extraordinary general meeting of shareholders to pave the way for the government’s capital injection through rights issues early next year.
Norway gave Indonesia US$100 million to continue its sustainable deforestation efforts, a “second chance” following the failing REDD+ scheme.