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View all search resultsA ransomware scare has, once again, rung alarm bells surrounding the state of Indonesia’s digital security, which analysts warn has seen little improvement despite the enactment of a privacy law two years ago.
The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.
This morning, cheerful faces lit up Mekaar customers' expressions. They eagerly awaited the arrival of President Joko “Jokowi” Widodo, who was scheduled to inspire and encourage the entrepreneurial spirit of 5,000 Mekaar customers in Keyongan Kidul Field, Sabdodadi, Bantul regency.
Bank Indonesia’s (BI) unexpected decision to raise its benchmark rate has raised concerns that banks will struggle to meet loan growth targets set for this year, but major players and analysts say the industry could still pull through given its ample liquidity to maintain lending expansion.
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