Secretarial Firms Can Help Your Company With Regulatory Compliance In every country, there are regulatory compliances that all businesses should always meet. Complying with these regulations lets them keep operations up and running. All the companies should always observe these so they can stay out of trouble and focus on growing their businesses. This is…
Online Payment Platforms Help SMEs Go Digital With the rapidly increasing adoption of a cashless system, McKinsey’s management consulting firm said that online payment platforms would help small and medium enterprises (SMEs) go digital. In the 2020 McKinsey Global Payments Report, the cash usage across the world had declined by as much as 45 percent…
Fintech Player Extends Loans to Help Retail Supply Chain AwanTunai, a financial technology (fintech) company in Indonesia, helps the retail supply chain survive the coronavirus pandemic as various sectors shift to digital. The company is lending to startups and micro, small and medium enterprises to finance their digital transformation. It has disbursed RP 407 billion…
Indonesia Boosting Financial Literacy to Reduce Unbanked Population According to a study, Indonesia is battling with low financial literacy, which leads to a significant portion of its population being unbanked or not financially included. A survey conducted by the Financial Services Authority in 2019 revealed that the financial inclusion rate in Indonesia was only 76.1…
Indonesia’s Omnibus Law Makes Changes to Labor-Related Sectors The government and the House of Representatives have already concluded the discussion over the Omnibus Law on Jobs Creation, which is seen to trigger changes to labor-related sectors. Thus, the Omnibus Law in Job Creation No. 11 of 2020 has been issued on 2 November 2020 by…
Indonesian Government Revises Laws to Boost Investment and Jobs The Indonesian House of Representatives passed the landmark Omnibus Law on Job Creation on October 5 to improve the business climate. The government has amended 79 laws to boost investments and jobs, making Indonesia more competitive and attractive as an investment destination. According to the World…