Markets and Finance
Indonesia projected to gain US$300 billion in GDP boost from AI by 2030
Indonesia is expected to benefit the most from artificial intelligence (AI) among Southeast Asian countries, with a potential boost of up to US$300 billion to its GDP by 2030, according to industry estimates.
AI ethical and data security issues, a highlight in LeadX 2025
Industry leaders have noted the inseparable consequencies of integrating artificial intelligence (AI) into business operations and its ethical and data security implications during the LeadX 2025 technology conference held in Jakarta on Tuesday, August 19, 2025.
BI expands QRIS to Japan, boosting cross-border payment connectivity
The Indonesian Central Bank (BI) announced the expansion of the Quick Response Code Indonesian Standard (QRIS), a payment platform beyond the ASEAN region, to Japan, coinciding with the 80th Anniversary of the Republic of Indonesia's Independence Day on August 17, 2025.
Legal experts: Banks obliged to disclose client data in money laundering cases
The ongoing trial of celebrity Nikita Mirzani, charged with extortion and money laundering, has sparked public debate after her bank records were disclosed in court for the sake of clarity and law enforcement.
Government prepares 2026 downstreaming sectors to boost investment, create job
The government has put agriculture, maritime affairs and fisheries sectors into the 2026 downstreaming program, with the total national investment value projected to increase by 20.35 percent from Rp6,910 trillion (US$427 million) to Rp7,450 trillion.
Digital Bank Summit 2025 to spotlight trusted digital finance for inclusive growth
The Indonesian Fintech Association (AFTECH) will host the Indonesia Digital Bank Summit (IDBS) 2025 on Tuesday, August 19, 2025, at the Raffles Hotel in Jakarta.
Indonesia plans sovereign AI fund to become regional technology hub
The Ministry of Communication and Digital Application (Komdigi) has launched the National Artificial Intelligence Roadmap White Paper, proposing the creation of a sovereign Artificial Intelligence (AI) fund − to be managed by Danantara Indonesia − aimed at positioning Indonesia as a regional hub for AI technology.
Think tank proposes 10 new taxes to raise Rp388 trillion in State revenue
The Center of Economic and Law Studies (Celios) has proposed 10 new types of taxes that it claims could generate up to Rp388.2 trillion (US$25 bilion) in additional state revenue, in a bid to expand Indonesia’s tax base beyond existing taxpayers.
Association raises alarm over massive circulation of illegal online loans
The Indonesian Fintech Lending Association (AFPI) has issued the alarming scale of illegal online lending (pinjol) in the country, warning that these illicit services not only harm the public but also erode trust in legitimate online lending platforms (pindar).
Indonesia’s Q2 2025 economic growth hits 5.12 percent, but impact remains elusive
A market analyst has challenged the accuracy of the 5.12 percent year-on-year (yoy) growth of Indonesia’s economy in the second quarter (Q2) of 2025 as reported by Statistics Indonesia (BPS), asking whether this growth is truly reflected in the daily lives of ordinary citizens.
OJK, CELIOS stress balance in P2P lending ecosystem amid cartel probe
The Financial Services Authority (OJK) is seeking to maintain the growth momentum of Indonesia’s peer-to-peer (P2P) lending sector, or online lending (pindar), by ensuring balanced benefits for both lenders and borrowers, even as the industry faces challenges from illegal lenders, loan default communities, and fraud schemes.
Investors push for multi-year framework to back long-term nickel industry growth
Foreign and domestic investors ask the government to overhaul its current Work Plan and Budget (RKB) policy by introducing a stable, multi-year framework to support long-term investment in the country’s nickel industry.