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Indonesia – Expert: Fintech will Reduce Jobs in Conventional Finance Business

TEMPO.CO, Jakarta – University of Indonesia’s (UI) Professor of Management Rhenald Kasali predict that the rapid development of financial technology (fintechs) reduce the number of workersin the financial industry. He highlighted how most banks have now ceased from opening conventional, physical branches. He said that there would be little need for bank tellers, as customers have rarely go to a bank conduct financial transactions. “Next year, the financial sector will have to fight […]

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Indonesia: Batam authority ready to vouch for foreigners wanting to buy homes on island

Batam Indonesia Free Trade Zone Authority (BIFZA or BP Batam) says it is ready to be the guarantor for foreigners who want to buy property on the island to compete with the property market in Johor Bahru in Malaysia and Singapore. BIFZA head Lukita Dinarsyah Tuwo said he had submitted the proposal to the Law and Human Rights Ministry to allow his office to […]

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Indonesia offers infrastructure projects to French investors

Head of the National Development Planning Board (Bappenas) Bambang Brodjonegoro said on Thursday the government had offered a number of infrastructure projects to the French government and investors through government-to-business (G2B) schemes. He expressed the hope that French businesspeople would be interested in investing, particularly in the transportation sector because that country had long experience in developing transportation infrastructure in large cities like Paris. […]

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