There are 2,100 start-ups in Indonesia, including seven unicorns and two decacorns, according to Chairman of the Financial Services Authority (OJK) Wimboh Santoso.
Chairman of the Financial Services Authority (OJK) Wimboh Santoso.(Photo: Times Indonesia)
Jakarta (VNA) – There are 2,100 start-ups in Indonesia, including seven unicorns and two decacorns, according to Chairman of the Financial Services Authority (OJK) Wimboh Santoso.
The growth of this innovation cannot be separated from the authority’s policies that encourage the presence of digitalisation, Santoso said during the Virtual Innovation Day 2021 held virtually in Jakarta on October 11.
He affirmed that the OJK continues to encourage financial service providers in Indonesia to be responsive to technological developments, aimed at providing added value to the community through creating jobs, fostering economic growth, and guiding the society into using financial services that are often referred to as fintech.
Santoso also said it would collaborate with the financial sector's regulatory authorities in other countries so that they have the same policy steps related to digitisation in this sector.
As the COVID-19 pandemic has driven digitalisation in various sectors, including finance, the OJK will continue to formulate policies to expedite the implementation of digital transformation.
These policies will focus on two aspects, he said.
Firstly, it will support the application of digital technology in the financial services sector to provide cheap and competitive product services to the public because our competition is global, and there are no space and time limits.
The OJK will continue to create favourable conditions and expand the reach of financial technology to people unable to access banking services, Santoso said.
The OJK chairman said it also encourages micro, small and medium enterprises (MSME players) to enter the digital ecosystem.
Earlier, Communications and Informatics Minister Johnny G. Plate said the Indonesian government was striving to optimise the productivity of the digital economy ⭕that is project🐲ed to record about 23 percent growth, or equal to 124 billion USD by 2025./.
Indonesia has decided to buy back 1.16 billion USD worth of global bonds after launching a tender offer for a repurchase for the first time, below an amount it indicated last week, the Ministry of Finance said on September 21.
On September 27, Indonesian Finance Minister Sri Mulyani said that the Indonesian government will allocate 9.2 trillion rupiah (645 million USD) from the state budget in 2022 to support the recovery of the tourism industry after the COVID-19 pandemic.
Indonesia's House of Representatives has approved the 2022 state budget bill, marking the beginning of the process of fiscal consolidation of the largest economy in Southeast Asia after nearly two years of heavy spending on COVID-19 response efforts.
Indonesian start-ups and venture capital funds are pouring more capital into Vietnam, especially in digital technology, due to the similarity in business environment between the two countries, the Dau tu (Investment) newspaper reported.
The Indonesian economy could become the world's 7th largest economy by 2030 if suitable measures are taken to speed up the digitalisation of economic and financial areas, President Joko Widodo has said.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Chairman of the Financial Services Authority (OJK) Wimboh Santoso.(Photo: Times Indonesia) 
