TheJakartaPost
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Business conglomerates and some of the richest individuals in the country have been flocking to invest in digital banking as consumers rapidly adopted online services during the COVID-19 pandemic.
Bank Indonesia (BI) estimates that digital banking transactions grew 19.1 percent to Rp 32.2 quadrillion (US$2.25 trillion) last year, much faster than the 1.5 percent increase logged in 2020.
Last year, at least seven firms deemed themselves digital banks, while seven more were waiting for their Financial Services Authority (OJK) license to offer digital banking services.
“I believe this trend is largely driven by conglomerates in the banking industry th…
We hear reports of desperate refuge seekers, many who have been in Indonesia for more than 10 years, protesting and camping outside the UNHCR office demanding speedier resettlement in third countries.
Indonesia’s upstream oil and gas sector will be ripe for mergers and acquisitions this year as US firms look to sell overseas assets amid a "greener" domestic strategy, says a top industry official.
Designer bag rental services are emerging as an affordable way to keep up with mercurial fashion trends.
Experts are optimistic for the property sector but warn developers and consumers of the rise in value added tax (VAT) and Bank Indonesia's (BI) interest rates.
Jakarta pushes on with school return as Bogor, Depok, Bekasi hold back.
With a dislike for confrontation, Fandy Susanto uses simple and raw illustrations to criticize the social values of those around him, while also confronting his own psyche.
Although several government officials have expressed their support for the prosecutors’ demand for the death penalty for a pesantren (Islamic boarding school) teacher accused of the rape of his students, activists have questioned the deterrent effect of the death penalty in cases of sexual abuse.
12 hours ago
The association is pushing for the development of more green structures to meet the country’s climate pledge, underlining that architecture adapts to the times.
4 hours agoFord is now worth more than its century-old rival General Motors, whose market cap stands at about $88.61 billion.
7 hours agoThere were "good results" from a visit to Myanmar last week by Cambodia's Prime Minister Hun Sen, Myanmar junta spokesman Zaw Min Tun told a regular briefing. He also said international pressure on Myanmar had not dialed down, but Myanmar would not bow to it.
3 hours agoLast week, Cambodia's strongman ruler Hun Sen made the first trip by a foreign leader to Myanmar since a coup last year that ousted Aung San Suu Kyi's civilian government.
4 hours ago
Kazakh President Kassym-Jomart Tokayev asked for assistance from the Collective Security Treaty Organisation (CSTO) last week as violence gripped half of the country while he dismissed some of his senior security officials who were later charged with treason.
1 day agoOpposition leader Keir Starmer and even members of his own party have called for him to resign after he admitted to attending the event in Downing Street's garden during Britain's first lockdown in May 2020, and there was little sympathy on the streets of the British capital.
1 day agoA young Indonesian man named Ghozali is making headlines for selling a selfie for Rp 3.1 trillion (US$216 million) as a nonfungible token (NFT).
1 hour agoSpencer Elden, the plaintiff, maintained in an amended complaint filed on Wednesday in Los Angeles that the "lascivious nature of his image" amounted to "child pornography" that helped the band reap tens of millions of dollars at his expense.
1 hour ago
Andrew, 61, the Duke of York, was forced to step down from public duties in 2019 because of his connections to convicted U.S. sex offender Jeffrey Epstein, and after a disastrous BBC TV interview which the prince had hoped would clear his name.
1 hour agoLatest official COVID-19 data
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