Indonesia Tells Banks to Disburse 30% of Loans to Small Firms
JAKARTA -Indonesia’s central bank will require lenders to disburse at least 30% of their loans to small companies, part of a broader effort to revive slow credit growth that’s stalled the economic recovery. Banks must allocate at least 20% of their total loans to micro,…
Alpha JWC, Gojek VC arm co-lead pre-series A round of Indonesian media app
JAKARTA -Indonesia-based audio content startup Noice has raised a seven-figure US dollar amount of pre-series A funding in a round co-led by Alpha JWC Ventures and Gojek’s investment arm Go-Ventures. Kinesys Group and Kenangan Fund – an angel investment fund that was initiated by Kopi Kenangan’s founders…
EHang 216 flying taxi to be tested in Bali, Indonesia this October – public will get to use service in 2022
JAKARTA -Earlier in April, Indonesian private car importer Prestige Image Motorcars announced that it would bring in the EHang 216, which is a passenger drone developed by Guangzhou EHang Intelligent Technology Co that is capable of being a flying taxi. The company recently revealed this month…
Telkomsel to sell 4,000 telecom towers to Mitratel for USD435m
JAKARTA – Indonesian mobile network operator (MNO) Telkomsel (Telekomunikasi Selular) has struck a deal to sell 4,000 telecom towers to Dayamitra Telekomunikasi (Mitratel) for IDR6.2 trillion (USD435.2 million). Under the terms of their agreement, Telkomsel is signing a ten-year leaseback deal with Mitratel to use…
Emission Reduction Target in the Indonesia Updated NDC Failed to Reflect the Urgency of Climate Crisis
Jakarta– Despite targeting carbon neutrality by 2060 or earlier in the Nationally Determined Contribution (Updated NDC) and Long-term Strategy on Low Carbon and Climate Resilience (LTS-LCCR 2050) documents submitted to the UNFCCC, the Institute for Essential Services Reform (IESR) views that the emission reduction target…
MBS Leaders Virtual Roundtable Series “Sustainability & Business: A Strong Path to Grow” (Part Two)
JAKARTA, Wednesday (August, 25, 2021)–Melbourne Business School in Collaboration with Synthesis Communication held the second roundtable with the theme: Sustainability & Business: A Strong Path to Grow. The discussion brought various perspectives from the panelists including Andrew C. Beckham, Chief Financial Officer, PT Bumi Resources…
MBS Leaders Virtual Roundtable Series: Winning the War on Talent (Part One)
JAKARTA -Tuesday (July, 27, 2021)–Melbourne Business School in Collaboration with Synthesis Communication held the first roundtable with the theme: Winning the War on Talent. Talent is today the world’s most valuable commodity. But it is becoming harder and harder for business leaders and CEOs to…
BPS: June Exports US$18.55 B, Soared 54.46%
JAKARTA- The Central Statistics Agency (BPS) announced Indonesia’s export data for the period of June 2021. Exports increased sharply, according to market forecasts. On Thursday (15/7/2021), Head of BPS Margo Yuwono reported last month’s export value was US$18.55 billion. An increase of 54.46% compared to the same…
Minister pushes for investment acceleration amid economic growth
JAKARTA – Coordinating Economic Affairs Minister Airlangga Hartarto encouraged all economic players to capitalize on the economic growth momentum by expediting investment. “I encourage us to jointly take advantage of the growth momentum by accelerating investment and also continue to support government policies in controlling…
Singapore and Indonesia reaffirm need to fight Covid-19 together, discuss economic activities
JAKARTA -Bilateral ties will be strengthened to overcome the Covid-19 pandemic together, Singapore and Indonesia have reaffirmed. During the 11th Singapore-Indonesia Six Bilateral Economic Working Groups ministerial meeting on Wednesday (July 14), Trade and Industry Minister Gan Kim Yong and Indonesia’s Coordinating Minister for Economic…