TheJakartaPost
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The coronavirus pandemic has magnified and exposed social imbalances in the region – underscoring the importance of financial inclusion as well as environmental, social and corporate governance (ESG). Companies focused on addressing shortcomings in these societal aspects may communicate their interests to socially responsible investors.
The World Bank has approved the disbursement of a $300 million loan to support the development of Indonesia's financial market, while the Asian Development Bank is helping the country cope with the COVID-19 crisis.
According to a recent East Venture report, provinces such as Jakarta, West Java, East Java, Yogyakarta and Banten lead in its Digital Competitiveness Index, while provinces like East Nusa Tenggara, Central Kalimantan, West Sulawesi and Papua ranked low in the index.
The way Chinese fintech companies deal with business lacks sustainability in the market. They focus mainly on user acquisition; expanding partnerships and user base, while unable to improve the quality of service channels and products, which are the core of technology companies.
The rise of investment support applications makes it easier for millennials to choose a container that can facilitate their needs. In this era, millennials prefer things that are simple, such as digital investment solutions.
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.
