Business News

Fintech Expands Retail Investment Among Young Indonesians

Fintech platforms are projected to aid the surge in the number of Indonesia’s retail investors in the future, particularly as the younger generation is tapping into investment amid the COVID-19 crisis, the Indonesian Central Securities Depository (KSEI) has said. KSEI data show that the number of investors in equities, mutual…

Customs Excludes Initial Export of 1,550 kg of Eel and Coconut Coir Pot

Continuing to strive to encourage exports of various commodities, Banjarmasin Customs and Kediri Customs in their respective regions released their prime exports again. Banjarmasin Customs, Wednesday (18/11) released the first export of thousands of kilograms of live eels to China by air by CV Tiga A. This activity was organized…

OJK Will Release New Rules for Fintech P2P Lending, Including Minimum Capital of IDR 15 Billion

The Financial Services Authority (OJK) is currently drafting new regulations regarding the implementation of peer-to-peer lending (fintech lending) financial technology. This was revealed in OJK's request for response to the draft OJK Regulation Plan on Information Technology-Based Collective Funding Services to related associations and the general public in mid-November 2020.…

The Automotive Sector is the Largest Contributor of Indonesian Product Exports

Secretary General, Ministry of Industry, Achmad Sigit Dwiwahjono, said the automotive industry is one of the major contributors to export activities. There are at least 19 four-wheeled vehicle industries in Indonesia with an investment of Rp. 93 trillion for a production capacity of 2.3 million units per year. "The automotive…
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