Fintech Companies Raised a Record $39.6 Billion in 2018

Fintech Companies Raised a Record $39.6 Billion in 2018

Venture capital-backed financial technology companies raised a record $39.57 billion from investors globally in 2018, up 120 percent from the previous year. According to research by data provider CB Insights.Funding was raised through 1,707 deals, up from 1,480 in...
E-commerce Responsible For Worsening Trade Deficit

E-commerce Responsible For Worsening Trade Deficit

A small shopping cart sits atop a keyboard. (Shutterstock/File)E-commerce is like a double-edged sword for the Indonesian economy. On the one hand, it has contributed significantly to the country’s state revenue, on the other hand, it has contributed to the country’s...
Financial Services Yet to Spur Economic Growth: Study

Financial Services Yet to Spur Economic Growth: Study

A bank teller counts rupiah bills at an office in Jakarta. (Antara Photo/Muhammad Adimaja) The financial services sector has yet to become a main engine for economic growth, but it has the potential to do so, according to joint research from the National Development...