Deputy Finance Minister Suahasil Nazara said the government is pursuing a consistent and targeted development strategy to navigate global uncertainty.
The authorities shut down at least 3,517 illegal online lending platforms and 519 illegal investment entities.
Through this linkage, consumers in both countries will be able to make retail payments by scanning the QRIS (Quick Response Code Indonesian Standard)or DuitNow QR codes provided by offline and online merchants.
LandX currently has more than 73,042 investors and 27 companies registered in the platform.
Led by Tybourne Capital Management, Horizons Ventures, Kunlun, B Capital, and new investor Falcon Edge Capital, the Series C funding gave the company a valuation of more than US$1 billion.
Jakartans' household consumption has boosted regional output in the Java region by 21 percent; Bali and Nusa Tenggara regions, seven percent; Kalimantan region, six percent; Sumatra region, five percent; and Sulawesi and Papua regions, four percent
Daily transaction made by SMEs increased by up to 70 percent in 2021.
The Indonesian government aims to avoid future issues with budget state triggered by the pandemic handling by working on fiscal stabilization.
An economics expert positively welcomes Bank Indonesias plan to issue central bank digital currency, or CBDC, as its deemed the right countermove against cryptocurrency that has been growing very rapidly in the country.
Financial inclusion rises to more than 76 percent, while Financial Literacy just reached 38 percent, said Indonesia Financial Services Authority.
A digital economy expert said the integration of Gojek-owned GoPay and Bank Jago will help the public to access financial services, hence improving financial inclusion in the country.
