Month: March 2016

Indonesian banks boosting small-business loans

JAKARTA/BANGKOK — Banks in Indonesia are boosting lending to operators of small and midsize companies, who have traditionally relied on family and friends for loans, as demand for credit grows. Loans to such businesses in the Southeast Asian country increased to about 740 trillion rupiah ($55.8 billion), or roughly 20% of total bank lending, at […]

Analysis: Challenges for Indonesian banking industry in 2016

Toward the end of 2015, there were some signs of an improving performance in the Indonesian economy in general and the banking industry in particular.  Economic growth improved to 4.73 percent in the third quarter of 2015, from 4.67 percent in the previous quarter. Moreover, loan growth in the banking industry improved for two straight […]

Indonesia Needs More Taxpayers

  With some 255 million people and 17,000 islands, Indonesia is big in many ways except one: its tax base. Only 27 million citizens are registered taxpayers, and in 2014 less than a million of them paid what they owed. For Indonesia to live up to its potential, that number has to increase. Indonesia has missed its […]