Indonesia's fraud case of Indosurya Savings and Loans Coop was described as the biggest financial fraud in Indonesia's history.
the funding in this latest series will be used to build Fazz, a business account that allows businesses of all sizes to make payments, storages, and obtain credit easily in Southeast Asia
The Cooperatives and Small and Medium Enterprises (SMEs) Ministry has selected 12 startups, including two that are helping people with disabilities, that will participate in a side event of the Business 20 (B20) forum next week.
The destination countries for the new money transfers include the United Kingdom, Australia, Japan, Turkey, China, and South Korea.
Mahendra Siregar as chairman and concurrently member, Mirza Adityaswara as deputy chairman concurrently chairman of the Ethics Committee and member, and Dian Ediana Rae as Chief Executive of Banking Supervision concurrently member
"[They] are monitored by KBRI."
People's difficulty to set aside their income for emergency funds is partly because many people find it difficult to save and do not have good self-control over spending.
"Based on data in May 2022, there are 310 Indonesians in Sri Lanka."
The economist previously underwent fit and proper test along with other candidate Darwin Cyril Noerhadi.
It will expand operations to the Greater Jakarta, after first introduced to the public in 2020.
Through this linkage, consumers in both countries will be able to make retail payments by scanning the QRIS (Quick Response Code Indonesian Standard)or DuitNow QR codes provided by offline and online merchants.
LandX currently has more than 73,042 investors and 27 companies registered in the platform.
Led by Tybourne Capital Management, Horizons Ventures, Kunlun, B Capital, and new investor Falcon Edge Capital, the Series C funding gave the company a valuation of more than US$1 billion.
Jakartans' household consumption has boosted regional output in the Java region by 21 percent; Bali and Nusa Tenggara regions, seven percent; Kalimantan region, six percent; Sumatra region, five percent; and Sulawesi and Papua regions, four percent
Daily transaction made by SMEs increased by up to 70 percent in 2021.
The Indonesian government aims to avoid future issues with budget state triggered by the pandemic handling by working on fiscal stabilization.
In 2021, the number increased by 49 percent to reach approximately $70 billion as compared to the figure in 2020. The growth of our digital market was accelerated due to the pandemic," President said.
An economics expert positively welcomes Bank Indonesias plan to issue central bank digital currency, or CBDC, as its deemed the right countermove against cryptocurrency that has been growing very rapidly in the country.
Minister of Finance (Menkeu) Sri Mulyani Indrawati said Indonesia's digital economy is the largest in Southeast Asia, as reflected in the total sales value (Gross Merchandise Value / GMV) of 70 billion US dollars
Financial inclusion rises to more than 76 percent, while Financial Literacy just reached 38 percent, said Indonesia Financial Services Authority.
