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View all search resultsA top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.
Immigration authorities in Bali plan to conduct an in-depth evaluation of local business operations after receiving complaints about a growing number of micro, small and medium enterprises (MSMEs) on the island being controlled by foreign nationals.
Bank Maybank Indonesia has signed a strategic partnership agreement with PT Berdayakan Usaha Indonesia (Batumbu), a company operating in the information technology-based funding services, or fintech, sector.
PT Cerita Restock Teknologi Amannah, known as Restock Tech (www.restock.tech), is home to two companies that share the company's vision and mission of accelerating micro, small and medium enterprises (MSMEs) in Indonesia. These two companies are PT Cerita Teknologi Indonesia (Restock.id) and PT Ava Revota (Revota).
The government is planning intervene in the credit market to address nonperforming loans to micro, small and medium enterprises (MSMEs) and free up banks to lend further to the group, but experts say the move could have a dire impact on small banks’ balance sheets.
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