In an increasingly digitalised global market, the transition from brick-and-mortar institutions to electronic applications is occurring in various industries, and electronic transactions are replacing traditional commerce in both the personal and professional arenas. Banking is pivotal to the expansion of financial technology ( fin-tech) as...
With a population of approximately 260m and the fourth-largest economy in Asia, Indonesia is one of the world’s biggest potential banking markets. Growth in profitability, loans and assets has been stronger than in other ASEAN countries, although an economic slowdown in 2015 and early 2016 curbed sector growth before an upswing in 2017.
The profitable and rapidly growing banking sector continues to attract interest from domestic and international financial institutions seeking to access the potential of the still largely underbanked population. To ensure financial services continue to advance in a stable manner, government regulators are working to adjust policies and...
The airline market in Indonesia is one of the fastest-growing globally and a leading driver of transport industry growth. Although this expansion has created capacity constraints at its primary air hub, Soekarno-Hatta International Airport in Jakarta, the recent completion of a third terminal has significantly boosted capacity, better enabling...
Rail ridership in Indonesia has risen substantially in recent years, making decades of underinvestment and growing urban congestion important considerations for transport stakeholders as they upgrade and construct new lines. Statistics Indonesia (BPS) reports that total rail passengers rose from 199.3m in 2011 to 202.2m in 2012, 216m in 2013, 277.5m in 2014 and 325.9m in 2015...
Road, port, airport and rail upgrades are a critical priority for the government of President Joko Widodo, with his administration having overseen an infrastructure and transport spending surge since taking office in 2014. The main aims of this increased resource allotment is to lower transportation costs across the board – which are among the...
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