Financial
OVO Finansial Says Fintech Lending Profits Could Exceed 2024 by 2025
OVO Finansial projects fintech lending profits in 2025 could surpass 2024’s Rp 1.65 trillion, with industry profits already at Rp 1.34 trillion by July. Backed by 22% growth, OVO leverages AI, risk management, and data-driven strategies to expand digital lending through Grab’s ecosystem, supporting MSMEs and national economic growth.
Regarding the revision of the State Finance Law, Finance Minister Purbaya said there has been no discussion yet.
Finance Minister Purbaya Yudhi Sadewa confirmed that the government has not yet held any discussions on revising the State Finance Law, despite the bill being listed as a priority in the 2025 legislative program. He emphasized that existing budget limits will be maximized for optimal economic impact.
Indonesia Affirms Financial Commitment to Palestine Amid UNRWA Funding Crisis
Indonesia pledges ongoing financial support to UNRWA, despite funding shortfalls, reaffirming its commitment to humanitarian solidarity with Palestine.
The Yogyakarta Regional People’s Representative Council (DPRD) responded to the protests demanding that COVID-19-affected MSMEs’ debts be written off.
The Yogyakarta DPRD acknowledged that many MSMEs struggled with unpaid debts after COVID-19. Chair Nuryadi pledged to forward relief demands to the central government while admitting DPRD’s limited authority. Protesters urged debt write-offs and condemned aggressive bank seizures. They argued that defaults stemmed from pandemic impact, not moral failure.
