IIF wants to double
Infrastructure financing next year
IIF already agreed to a financing commitment of Rp 5 trillion
in late November, Sukatmo Padmosukarso, IIF president director,
said in a statement on Friday.
Indonesia Looks to Blockchain to Fix Its Dodgy Data Challenges
Indonesia, like other emerging markets, has historically struggled to keep accurate records due to a lack of expertise and resources, but the public and private sectors are now looking at blockchain technology to overcome some of these challenges. Blockchain, the digital data structure best known for underpinning cryptocurrencies, provides a shared record of information maintained […]
Bank Indonesia Steps Up FX Swap Auctions to Support Liquidity
Bank Indonesia will conduct three foreign-exchange swap auctions this week to ensure there is enough rupiah liquidity in the market following its benchmark interest rate hike, a senior official at the central bank told Reuters on Monday (21/05). Bank Indonesia raised its key rate, the seven-day reverse repo rate, by 25 basis points to 4.50 percent on Thursday […]
Mobile Payment Firms Struggle to Dethrone Cash in Southeast Asia
Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash. She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China’s Tencent want to win over as they try to tap into Southeast Asia’s […]
