JAKARTA – US venture capital firm Ribbit Capital, a fintech solution partner of the world’s largest retailer Walmart, has bought a minority stake in a Jakarta-based digital bank that also counts Singapore sovereign wealth fund GIC as an investor. Bank Jago, Indonesia’s first full digital bank, which aims to tap not only urban customers but also the low-income […]
Read MoreJAKARTA : Indonesia’s annual inflation rate inched up in September to 1.60per cent, the highest in four months, though the rate was slightly below analyst expectations, data from the statistics bureau showed on Friday. A Reuters poll had expected a September inflation rate of 1.69per cent, compared with August’s 1.59per cent. The September rate was […]
Read MoreJakarta (ANTARA) – Deputy of Entrepreneurship at the Ministry of Cooperatives and SMEs Siti Azizah has encouraged micro, small, and medium enterprises (MSMEs) to join the digital ecosystem to help recover Indonesia’s economy. The MSMEs played a crucial role in the National Economic Recovery (PEN) program, she told a press conference held virtually and live in […]
Read MoreBALI – Indonesia’s tourism minister is advocating “baby steps” towards reopening Bali to foreign holidaymakers, with a formal decision by the government likely as early as Thursday (Sept 30). “My recommendation is that we move cautiously,” Mr Sandiaga Uno, told The Straits Times in an interview on Tuesday. “There are new (coronavirus) variants lurking. We […]
Read MoreWe have learnt an important lesson that innovation, digital technology, and an entrepreneurial passion will multiply productivity and competitiveness Jakarta (ANTARA) – A country’s economy can be labelled as being advanced if business actors constitute 10 percent of the nation’s population, according to Vice President Ma’ruf Amin. “In addition to research and innovation, the economy […]
Read MoreThailand is calling on Indonesia to remove import restrictions on Thai longan and air-conditioners and plans to hold the first meeting of the Joint Trade Committee (JTC) between Thailand and Indonesia in December to tackle trade obstacles. Speaking after talks with Indonesia’s ambassador to Thailand Rachmat Budiman, Commerce Minister Jurin Laksanawisit said Thai longan exports […]
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