QRIS Helps Reduce Counterfeit Money Fraud
As Indonesia embraces rapid digitalization, QRIS (Quick Response Code Indonesian Standard) is proving to be a game-changer in financial transactions, offering a robust solution...
IMF Forecasts Indonesia’s Economic Growth to Reach 5% in 2024, Still...
The International Monetary Fund (IMF) has decided to stick with its current projections for Indonesia's economic growth for both this year and the next,...
Indonesia Seeks to Attract Investments from Ultra-Wealthy Individuals through Family Offices
As Indonesia navigates the complexities of global economic competition, the government is turning its attention to a unique strategy aimed at attracting investments from...
QRIS and PayLater Dominate Payment Methods, Card Methods Falling Behind?
The wave of rapid digitalization is transforming every facet of Indonesian society, and the financial sector is no exception. Traditional financial transactions using ATM/debit...
Indonesia and Austria Strengthen Economic Ties with 9.8% Increase in Trade
Austria remains a crucial trade partner for Indonesia in Central Europe, with bilateral trade volumes consistently rising. Last year, trade between the two nations...
Having Strong Performance, World Bank Projects Indonesia’s Economic Growth to Reach...
Indonesia's economic outlook has received a boost from the World Bank, which has revised its growth projection for 2024 to 5%. This marks an...
Banks in Indonesia Close 12,227 ATMs, Indicating Rapid Digitalization and Efficiency
In an era where digitalization permeates every aspect of life, banking sector in Indonesia is no exception. Over the past five years, the number...
Highest Since 2019, Indonesia’s Economic Growth Reaches 5.11% in Q1 2024
Indonesia's economic engine revved up in the first quarter of 2024, clocking in a notable 5.11% year-on-year growth. Despite a slight 0.83% contraction compared...
De-dollarization Continues, Cross-Border LCT Transactions Surge by Over 100%
In a bid to lessen reliance on the US dollar (de-dollarization), Indonesia is ramping up efforts in Local Currency Transactions (LCT). The latest data...
Rupiah Falls to Rp16,000 Against Dollar, Bank Indonesia Ensures to Steady...
Following the post-Eid holiday period, the Indonesian rupiah has taken a sharp nosedive, breaching the critical level of Rp16,000 against the US dollar. This...
