Business News
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…
Soaring Exports, Commission IV DPR RI Supports the Ministry of Agriculture to Develop Porang
The Ministry of Agriculture (Kementan) is focusing on developing porang plants because it has a very promising export market. Director General of Food Crops, Ministry of Agriculture, Suwandi, said that the focus on developing commodities that are of interest to the export market is very important to improve people's welfare…
Jokowi Wants Businesses to Partner with 2 Million Farmers to Boost Productivity, Welfare
President Joko “Jokowi” Widodo has urged businesses to partner with 2 million independent farmers by 2023 to improve their productivity, as Indonesia seeks to improve its farmers’ welfare and food security. The President’s request came after the Indonesian Chamber of Commerce and Industry (Kadin) reported that it had helped 1…
