#Corporate
Top 10 insurance companies in Indonesia
The insurance industry in Indonesia has been growing in recent years, due to the increasing awareness among the people on the importance of insurance. The government has also raised its efforts to increase insurance penetration in the country. The insurance industry is regulated by the Financial Services Authority (OJK) and comprises of both state-owned and private companies.
Digital Rupiah: Is it the future of Indonesia's currency in digital era?
The use of cryptocurrency as a legal payment in Indonesia is still prohibited. However, in 2022, Indonesia has started to develop a digital currency called the Indonesia Central Bank Digital Currency (CBDC). It is different from cryptocurrencies because they are legal and managed by Bank Indonesia so that the volatility of their value is expected to be more stable.
NGO mapping and financing in Indonesia
NGOs in Indonesia have served as a significant factor in advancing public or social welfare goals. There are countless NGOs in Indonesia, both international and national/local.
The ‘BTS effect': How Indonesia should learn from South Korean soft 'economy' power
As the current biggest Korean boy band in the world, BTS has been proving its status by breaking barriers and records - in or outside music industry - around the world.
How BKPM secures Indonesia's investment growth during pandemic
In the midst of the COVID-19 pandemic in Indonesia, the Investment Coordinating Board (BKPM) has continued to offer investment opportunities in accordance with President Joko “Jokowi” Widodo's instruction.
The pros and cons of job creation Perppu: Opposed by workers, not friendly for investors
The labor unions have planned to stage a massive protest against the newly signed government regulation in lieu of job creation law (Perppu). Whereas the Indonesian Employers Association (Apindo) claimed the Perppu was a form of inconsistency in government policies that confused investors.
5 countries contribute the most to Indonesia's FDI in 2022
Despite the COVID-19 pandemic, Indonesia has surprisingly raised the value of its Foreign Direct Investment (FDI) from 2020 until 2022. As one of the most favorite FDI destination, Indonesia's FDI value increased 63.6% or IDR 168.9 trillion (US$ 10.83 billion) in Q3 2022 or 54.9% of the total expected FDI for 2022, according to Minister of Investment/Chairman of the Investment Coordinating Board (BKPM), Bahlil Lahadalia.
Top 10 biggest corruption cases in Indonesia
Indonesia has a bad record when it comes to dealing with corruption. According to Transparency International, the Corruption Perception Index of Indonesia ranked 96 out of 180 countries in 2021. Meanwhile, the 2004-2022 statistics from the Corruption Eradication Commission (KPK) show there were 1,310 corruption cases. The number keeps increasing every year. These are the top 10 biggest corruption cases in Indonesia:
Government regulation in lieu of job creation law faces criticism
President Joko "Jokowi" Widodo signed the government regulation in lieu of law (Perppu) on job creation on December 30, 2022, due to "several urgent reasons", including to anticipate the global economic condition.
Bauxite ores export ban likely to attract more investments
The government's ban on the bauxite ores export is likely to increase investments in the bauxites processing and refining industry. Economist at the Yogyakarta-based Gadjah Mada University Fahmi Radhi said one of the challenges faced by the government after the ban would be the limited bauxites smelters capacity.
Special Autonomy Fund not enough to bring prosperity for Papuans
The Special Autonomy Fund has failed to become a push factor to eliminate the so-called natural resources curse in Papua and West Papua provinces. The fund has been used to increase gross domestic product but it did not improve other sectors especially education, health sanitation and forest condition in those provinces.
Luhut Pandjaitan's statement on KPK's caught red-handed operation sparks controversy
Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan considered the Corruption Eradication Commission (KPK)'s caught red-handed operation (OTT) has given a negative perception to the state. He said state officials were exposed to the antigraft body's caught red-handed operation because the state has not utilized the digital system to improve financial management at the regional and national levels.