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Bank Indonesia (BI) and the Indonesian Payment System Association (ASPI) launched Kartu Kredit Indonesia (KKI) on Aug. 17, enabling deferred QRIS payments to be processed domestically. While easier access to credit could support consumption and strengthen Indonesia’s payment ecosystem, it also carries risks. Without prudent lending standards, greater convenience could lead to higher household debt and deteriorating credit quality.
1 hour agoShuffling Whoosh’s ballooning debt among state balance sheets won't save the region's first HSR service; only hard renegotiations and structural reform will.
1 hour agoAs Thailand prepares to engage constructively with the UNCLOS conciliation proceedings to resolve the border dispute with Cambodia, both sides must first ensure that the conditions on the ground are actually safe for our teams to work.
19 hours agoIn parallel with growth, the government must have a dedicated focus on the revenue side of reducing the deficit, particularly in drawing businesses out of the shadow economy and into the real economy.
20 hours agoAs Destry Damayanti makes history as the central bank's first female governor, a battle-tested leadership team is stepping up to anchor monetary stability and drive equitable growth through turbulent global markets.
21 hours agoA new private initiative bringing together the crème de la crème of European business, financial, economic and tech elites could well prove useful in kick-starting European growth and innovation. But first, it must recognize that the problem it hopes to solve is fundamentally political.
22 hours agoChasing elite clubs like the OECD won’t magically transform Indonesia’s economy, especially in a fractured global order where diplomatic prestige is no substitute for domestic reform.
23 hours agoThe deeper issue is that a probabilistic statistical estimate is being wielded as an indisputable administrative fact; one deemed sharp enough to decide who gets subsidized fuel and who walks away empty-handed.
1 day agoIndonesia’s future economic growth will not be determined solely by the size of government spending, but also by how effectively development financing is managed.
7 months agoThe digital age has redefined how we live, communicate and work, but perhaps nowhere is this shift more critical than in the field of medicine and public health. As healthcare systems integrate digital technologies, the traditional roles of medical professionals are being reshaped.
1 year agoOver the past few years, the role of human resources (HR) has expanded far beyond administrative tasks. HR professionals today are expected to drive innovation, enhance the employee experience and align people strategies with business goals. With the help of technology, these responsibilities have become more manageable, and in many ways, more impactful.
1 year agoIntroduction: From One Disruption to Another
1 year agoThe global health crisis brought on by COVID-19 tested healthcare systems worldwide, and Indonesia was no exception. As one of the world’s most populous nations, the nation faced immense challenges yet demonstrated resilience and adaptability in navigating the pandemic.
1 year agoToward the end of 2020, amid a world grappling with unprecedented challenges, Indonesia took a bold step in securing its economic future: establishing its first sovereign wealth fund (SWF), the Indonesia Investment Authority (INA).
2 years agoShare your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
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