MUFG Bank and PT Bank Danamon Indonesia Tbk created Garuda Fund and equipped it with US$100 million worth of capital to fund new startups.
Bank Mandiri will issue green bonds worth Rp 5 trillion to support sustainable lending in the first half of this year.
PT Bank Pembangunan Daerah DKI Jakarta Tbk (Bank DKI) reportedly appoints BCA Sekuritas and CIMB Niaga Sekuritas as underwriters for the initial public offering.
Mergers and acquisitions among rural banks (BPR) and regional development banks (BPD) will be more prevalent this year.
President Joko Widodo passes the financial sector development and strengthening bill to Law No. 4/2023.
The Financial Services Authority issued two new regulations to encourage banks to strengthen capital to face market risk and develop digital insurance brokers.
The Indonesia Investment Authority eyes more investments in the energy and digital sectors.
AC Ventures and Indies Capital Partners are teaming up with Penjana Kapital Sdn Bhd to explore joint investment opportunities in Malaysian-Indonesian startups.
The Indonesian government asks banks to be more sensitive to global risks, including high inflation, rising interest rates, geopolitical tensions, and economic slowdown.
The Financial Services Authority (OJK) noted that the buy now pay later industry’s bad debts reached 7.61 percent as of Sept 2022.