The Indonesian rupiah hit its highest in nearly two months on Friday and was eyeing its best weekly gain since early May, boosted by improving market sentiment on hopes the Omicron coronavirus variant won’t damage the economy too much. Most other Asian emerging currencies clung to narrow ranges against the dollar, while equities were largely […]
Read MoreShopee, the e-commerce division of Singapore-based Sea Limited, has partnered with local taxi company Bluebird Group to launch a taxi-hailing service in Indonesia.This new feature, called Taksi, is now available in certain areas of Indonesia, allowing users to book rides in the Shopee app and use Shopee Pay to make the payment. In August of […]
Read MoreIndonesia’s central bank has launched a retail payments system designed to cut the cost of money transfers. The BI-Fast system will enable real-time money transfers of up to 250 million rupiah, at a maximum transaction cost of 2500 rupiah – 4000 rupiah cheaper than using the old system. The pandemic has led to a digital […]
Read MoreEncouraging inclusive economy as well as economy and finance that support national economic recovery are the themes behind BI-Fast’s unveiling. Jakarta (ANTARA) – Bank Indonesia (BI), on Tuesday, officially unveiled a retail payment system infrastructure called BI-Fast that is accessible round the clock. During the online event to unveil BI-Fast on Tuesday, BI’s Governor Perry […]
Read MoreJAKARTA, Dec 21 (Reuters) – Indonesia’s central bank on Tuesday launched a new retail payment system that its governor said will slash the cost of money transfers and support the country’s booming digital economy. The COVID-19 pandemic has accelerated growth in Indonesia’s digital finance, with digital banking transactions rising 47% on a yearly basis in […]
Read MoreJAKARTA, Dec 17 — The World Bank projected Indonesia’s economy to recover at a moderate pace of 3.7 per cent in 2021 due to the Covid-19 Delta variant wave mid-year. In a statement today, it said the growth would speed up to 5.2 per cent in 2022 if the country avoided another severe Covid-19 spike, […]
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