The sharia economy could become the “new wave” of Indonesia’s economy and strengthen the country’s economic resilience, Vice President Ma’ruf Amin has said. He cited a Boston Consulting Group (BCG) estimate that there were 64.5 million middle-class Muslims in Indonesia in 2020. This presents a huge opportunity for sharia finance, as they will need to […]
Read MoreThe National Consumer Protection Agency (BPKN) has recommended that e-commerce platforms ramp up their user protection measures following a rise of online marketplace complaints during the health crisis. BPKN advocacy expert staff member Akmalia Hidayati said e-commerce platforms should adhere to the general data protection regulation (GDPR) and make their terms and conditions clear, so […]
Read MoreBank Indonesia (BI) still has the option to cut its benchmark interest rate further to aid the recovery of the pandemic-battered economy, after keeping its rate unchanged for four consecutive months, BI Governor Perry Warjiyo has stated. However, the central banker said, further cuts to the seven-day reverse repo rate (7DRRR) would depend on domestic and global […]
Read MoreSHARES Indonesia expects to sign the Regional Comprehensive Economic Partnership (RCEP) in mid-November as the countries concerned finish negotiating the trade issues. The government is looking to sign the deal on Nov. 14, said Netty Muharni, the deputy assistant for regional and subregional economic cooperation at the Office of the Coordinating Economic Affairs Minister. Indonesian […]
Read MoreThe government has reaffirmed its plans to issue a presidential regulation (Perpres) on renewable energy this year as it seeks to boost the development of clean energy and reach its energy mix target. The anticipated regulation is set to govern the pricing and procurement of new and renewable energy (EBT) and set green energy incentives, […]
Read MoreAgent-based payment technology company Payfazz CEO Hendra Kwik said the company’s strategy to have offline agents assess rural small businesses on the ground was the key to better credit scoring and prevent bad loan risks. “One thing that we learn from banks is that they have people on the field to do offline verifications. Our […]
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Thailand
