Bank Indonesia recorded US$358.6 billion in foreign debt in May, a 0.2 percent increase from the $358.09 billion recorded in April. Foreign debt grew 6.8 percent year-on-year (yoy) in May, lower than the growth in April at 8 percent yoy. Government debt was recorded at $182.5 billion, while private debt hit $176.1 billion. The majority of government debt ($124.6 billion) was in […]
Read MoreThe Financial Services Authority (OJK) is about to issue a new set of rules on financial technology (fintech), as more and more startups arise in the industry. The OJK’s head of digital financial innovation and micro-finance development, Triyono, said the regulation was currently awaiting approval from the Law and Human Rights Ministry. “We will begin […]
Read MoreOn Thursday, four Indonesian ministers gathered to witness the signing of an agreement between state-owned mining holding group PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoran (FCX), the owner of PT Freeport Indonesia (PTFI). Under the agreement, Indonesia will take control of 51 percent of Freeport Indonesia’s equity, and hence hold a majority stake in the […]
Read MoreThe agreement made on Thursday between PT Indonesia Asahan Aluminium (Inalum) and United States mining company Freeport-McMoran Inc. (FCX) was largely welcomed by the government, which claimed that the future of PT Freeport Indonesia (PTFI) was now clearer. It added that the heads of agreement (HoA) signed by FCX and Inalum, which represents the government, […]
Read MoreTEMPO.CO, Surabaya – Indonesian application-based ride-hailing company GoJek confirmed that it will expand to four Southeast Asian countries, namely Singapore, Philippines, Thailand, and Vietnam. GoJek Indonesia corporate communication Vice President Michael Say explained that the company’s brand name for the Vietnam market will change to ‘GoViet’, while Thailand will take the name ‘Get’. “As for the two remaining countries; Singapore […]
Read MoreMost Indonesian bankers see Go-Jek as an “emerging competitor” to conventional banks in the payment sector, according to a survey conducted by PricewaterhouseCoopers (PwC) Indonesia. The survey seeks to gather diverse views from senior banking executives on digital banking in Indonesia. “A majority of Indonesian bankers, around 72 percent, consider Go-Jek to be one of […]
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Thailand
