• What's Next for Go-Jek's Expansion Plans in Indonesia? Go-Pay & IPO

    Nadiem Makarim, Chief Executive Officer of Indonesian ride-hailing and logistics services provider Go-Jek, expects the company to conduct an initial public offering (IPO) within the next couple of years. Go-Jek, Indonesia's first billion-US dollar tech startup, offers various services to the Indonesian people, including transportation, delivery, lifestyle and payment services.

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  • Can Bank Indonesia Leave Its Key Rate Unchanged in December?

    The central bank of Indonesia (Bank Indonesia) will conduct its final monthly policy meeting for 2017 on 13-14 December. Based on statements made by Bank Indonesia Deputy Governor Dody Budi Waluyo on Wednesday (06/12) at Bloomberg's Year Ahead Asia Conference, the benchmark interest rate of Indonesia will likely remain unchanged at 4.25 percent at this year's final policy meeting.

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  • Bank Indonesia to Ban Bitcoin Payment Transactions in 2018

    The central bank of Indonesia (Bank Indonesia) will soon issue a new regulation in which it bans the use of bitcoin for domestic payments starting from 2018. Bitcoin is a (virtual) digital currency that is traded at cryptocurrency exchanges for fiat currencies. According to Bank Indonesia, however, the use of bitcoin undermines the sovereignty of the Indonesian rupiah.

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