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Business 6 years ago
PREMIUM
Loan growth slows to 21-month low as businesses 'wait and see'
The governor of Bank Indonesia says businesses were in a “wait-and-see” mode as a trade war has increasingly muted global demand and trade, causing economic slowdowns in large countries like the United States, China, Japan, Germany, the United Kingdom and India. Geopolitical risks stemming from Brexit uncertainties have also weighed down growth prospects, he added.
Opinion 6 years ago
PREMIUM
Wanted: High quality lenders and borrowers
Right now, there are 113 fintech lending companies registered with the OJK, seven of which have obtained licenses. This does not include hundreds of illegal players. Given the iron law in business: When many players enter, many will go out, who will stay in business?
Business 6 years ago
Citibank Indonesia’s net profit jumps 97% in H1 amid sluggish loan growth
Private lender Citibank Indonesia reported a net profit of Rp 1.64 trillion (US$115.28 million) in the first half, up 97 percent from Rp 835.34 billion in the first six months of last year, thanks to higher interest income and better loan quality, although loan growth remained stagnant.
Business 6 years ago
PREMIUM
Skyrocketing fintech industry must proceed with caution: PwC
The rapid development of financial technology (fintech) is vital to propel future economic growth, but it requires a prudent regulatory approach to avoid a boom and bust, according to PricewaterhouseCoopers (PwC) Indonesia.
