Singapore-headquartered ride-hailing firm Grab may be synonymous with transport services, but the five-year-old business is steering its way towards bigger things, starting with food. In an interview with The Straits Times yesterday, Grab Singapore head Lim Kell Jay said even though ride-hailing makes up 70 per cent to 80 per cent of its revenue, the […]
Read MoreBank Indonesia (BI) has decided to hold its key rate as it remains confident the current rate can attract foreign investors to the domestic financial market. Following a two-day board of governors meeting, BI announced that it had kept its benchmark rate – the seven day reverse repo rate – at 5.75 percent. Lending facility […]
Read More[NUSA DUA, Indonesia] Jack Ma, executive chairman of China’s Alibaba Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said […]
Read MoreThe Financial Services Authority (OJK) said the non-performing loans (NPL) rate among financial technology (fintech) firms that use peer-to-peer lending (P2P) hovered around 1 percent monthly, safely below the 2 percent maximal set by the OJK. “The NPL rate can go as low as 0.9, then rise as high as 1.3 then go down again,” […]
Read MoreThe Financial Services Authority (OJK) is set to issue a regulation on equity crowdfunding platforms by the end of the year in response to a boom of these platforms facilitated by financial technology (fintech) firms. Under the planned regulation, a company using a crowdfunding platform is required to disclose its targeted capital and, if it fails to meet the target, the platform […]
Read MoreSurabaya, E. Java, (ANTARA News) – The Governments of Indonesia and the Philippines have signed 10 agreements related to the border of the two neighboring countries. The agreements were signed at a chairman meeting of the Indonesian and Philippine Border Committee here on Wednesday night, Indonesian chief delegate to the meeting represented by Commodore Achmad […]
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