TheJakartaPost
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While the government's heart was in the right place when it banned social commerce, it would do well to keep in mind that the digital age is upon us and waits for no one: our MSMEs need not only protection, but also fortification through the provision of tools so they can innovate and join the competition.
Depending on how it is designed, the central bank can wield its planned "digital rupiah" CBDC as a powerful tool for combating corruption, but this requires a delicate balance between transparency, security and individual privacy.
LCT will reduce dependence on certain currencies, reinforce the stability of the rupiah and partner country currencies, strengthen the resilience of the local money market and increase trade and investment with partner countries.
Small businesses expressed objections to the Quick Response Code Indonesian Standard (QRIS) transaction fee of 0.3 percent, saying that it was a burden on the back of all other administrative costs they have to pay.
