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View all search resultsfinancial-services
Business 6 years ago
PREMIUM
Relaxed foreign ownership rule for insurers could save Jiwasraya: Experts
The new regulation allows foreign investors to purchase a more than 80 percent stake in local insurers if they wish to add paid-up capital, but only through initial public offerings via the Indonesia Stock Exchange (IDX) and only if no domestic investors are interested.
Business 6 years ago
House sets up working committee to oversee 'worrying' financial services
The House of Representatives’ Commission XI, which oversees financial affairs, has announced the establishment of a working committee to monitor the financial services industry following a string of allegations implicating major companies.
Business 6 years ago
AGO to announce Jiwasraya suspects, sees indications of 'legal violations'
The Attorney General’s Office (AGO) plans to announce in the next 10 weeks a list of suspects in a “gigantic” case implicating troubled state-owned insurer Asurasnsi Jiwasraya that could “potentially carry systemic risk” for the country’s financial industry, authorities say.
Business 6 years ago
PREMIUM
Digital payments boost financial inclusion in 2019
As much as 82.7 percent of Indonesians are aware of e-wallet platforms, while 62.4 percent are aware of digital investment and 56.7 percent are aware of pay-later services, according to the study, which involved 1,500 respondents nationwide.
Opinion 6 years ago
PREMIUM
Trail blazing for digital financial inclusion
Most Indonesians still lack access to financial services, meaning that they do not have bank accounts and lack opportunity to engage in broader economic activities. According to the World Bank Global Findex in 2017, the unbanked population was about 50 percent. Therefore, there is still much to do.
