Hong Kong Fintech Unicorn WeLab To Enter Increasingly Crowded Indonesian Digital Banking Market

WeLab, a fintech unicorn startup based in Hong Kong, is planning to launch a digital bank in Indonesia in the second half of this year, following its $240 million deal to buy a controlling stake in Bank Jasa Jakarta. However, Indonesia’s digital banking market will be tough to crack, as traditional banks and tech companies have rushed into the growing market.

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Indonesia establishes key elements of its G20 presidency in preparation for main events

Indonesia’s 2022 G20 presidency has taken “Recover Together, Recover Stronger” as its central theme. Members of the intergovernmental forum will work together within a collaborative and inclusive framework to focus on three main issues: global health architecture, the digital transformation of the global economy and energy transition. The three priority issues will make up the flagship agenda of the Working Groups

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Consumption king for Indonesia’s new middle class

A new sophisticated new class has emerged in Indonesia and some are already cashing in. It’s early afternoon at Jakarta’s Kemang Village shopping mall and despite the monsoonal heat the country’s new consumer class are sitting in outdoor lounges drinking coffee, smoking cigarettes and taking selfies. To soupy pop songs they are doing their best to be noticed and in doing

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