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Economy 10 months ago
PREMIUM
Loan growth remains sluggish despite Purbaya’s liquidity injection
Disappointing data on bank lending raises questions about the effectiveness of the Finance Ministry’s Rp 200 trillion (US$12 billion) liquidity injection conducted in early September to jump-start economic activity, with economists pointing to a lack of credit demand.
Regulations 1 year ago
PREMIUM
Govt to deposit $12b in commercial banks to ‘jump-start’ lending
The government has announced plans to shift some state deposits from the central bank to commercial banks to allow for more loan disbursements and thereby invigorate private sector activity in a bid to achieve 6 to 7 percent gross domestic product growth.
Academia 1 year ago
Financial inclusion or digital illusion: Rethinking Indonesia's online lending
Amid a collective movement of debtors reusing to repay illegal online lenders is emerging a new model called ecosystem lending that blends digital flexibility with banking discipline, offering a way to get back on track toward realizing the aspirational goal of financial inclusion.
Companies 1 year ago
White House to target banks over alleged discrimination
Executive order expected to instruct regulators to investigate whether financial institutions have breached the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws by dropping customers for political reasons.
Regulations 1 year ago
PREMIUM
OJK mulls rule change as dormant bank accounts blocked
The PPATK announced that it had reactivated 28 million blocked dormant accounts on Thursday in response to public backlash following a meeting between PPATK head Ivan Yustiavandana and President Prabowo Subianto a day earlier.
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