#Finance
The rise and risk of PayLater trend
The digital era has helped customers to use online transactions, including the rising trend of the Buy Now Pay Later (BNPL) feature - famously known as PayLater - in several ride hailing platforms, marketplaces and e-wallets. The COVID-19 pandemic in the past two years boosted the use of online transactions as governments imposed lockdowns and mobility restrictions. Low penetration of credit cards in Indonesia also becomes another factor why customers prefer using PayLater.
40 biggest companies in Indonesia
A diverse range of companies in various industries, from natural resources and manufacturing to banking and telecommunications, plays a significant role in the Indonesian economy. These companies also serve as major employers in the country.
Tourism and gaming still lucrative for investors despite global recession threat
Indonesia still offers a great investment prospect in several industries namely tourism and gaming amidst the 2023 global economic recession threat. Speakers at the Indonesia PE-VC Summit by DealStreetAsia (DSA) concluded that Indonesia still provided lucrative investment opportunities.
Kopi Kenangan plans global market expansion in 3 years
Indonesia unicorn company Kopi Kenangan has planned to launch an IPO in the Indonesia Stock Exchange (IDX) although not in the foreseeable future. Instead, the company is focusing on global expansion as a corporate action before the IPO. CEO and Co-founder of Kopi Kenangan, Edward Tirtanata, said the company was in the process of opening new overseas outlets.
Robust market, improvement are fundamentals for investment: Northstar's Patrick Walujo
Northstar’s Co-founder and Managing Partner Patrick Walujo said private equity (PE) companies would need to focus on fundamentals to grab early-stage opportunities in Indonesia due to its vast favorable demographics and macroeconomics indicators as well as robust market.
Bank BTN focuses Capex on IT security
State-owned lender PT Bank Tabungan Negara Tbk (BTN) will increase its Capital expenditure (Capex) in 2023 by 18% to strengthen its information technology (IT) security system and the development of digital banking services.
Halal product industry in Indonesia: A brief background and its challenges
As 86.7% of the country's population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world's largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism, according to a professor at the Bogor Agricultural University (IPB)'s School of Argoindustrial Technology Khaswar Syamsu.
Ma'ruf Amin may give Sharia economy a boost
President Joko "Jokowi" Widodo unexpectedly named the Indonesian Ulema Council (MUI) Chairman Ma’ruf Amin as his running mate in the 2019 presidential election. Jokowi's choice surprised the public since many had speculated that former Constitutional Court justice Mahfud MD would be his running mate. He finally picked Amin in the last minute leaders of political parties in his coalition gave their approval.
Government restructures palm oil plantation company, to launch IPO for PalmCo in 2023
The government has decided to restructure state-owned plantation company PT Perkebunan Nusantara (PTPN) III into three subholdings and would launch an IPO for one of them, which is the oil palm plantation PalmCo.
Alliance to commit US$ 36 million to end plastic waste pollution in Indonesia
The Alliance to End Plastic Waste (Alliance) announced a US$ 36 million commitment to support Indonesia in reducing 70% of plastic pollution in the ocean by 2025. It also commited to support Indonesia to achieve almost zero plastic waste by 2040. The funding aims to develop a portfolio of solutions and sustainable projects in the country. The projects will catalyze up to five times public and private sector investment to end plastic waste in the environment. The announcement was made during the Tri Hita Karana (THK) Forum on the sideline of the G20 Summit in Nusa Dua, Bali, on November 14, 2022.
Mandiri achieves IDR 2 trillion of its 2022 Capex for IT development
PT Bank Mandiri Tbk (BMRI) has completed 75% of its CAPEX in 2022 to develop its digitalization services and strengthen its cyber security, its CAPEX for this year reaches Rp2T for IT development.
Housing loan startup helps millennials own their dream house
Indira Shadrina and her friends kicked off IDEAL in 2021, which is a property technology startup that helps Indonesian young people to purchase houses through responsible lending. Indonesian millennials could only afford to purchase houses located far from the city center due to the constant increase of property price.