The fourth most populous country in the world spread across more than 6000 islands, banks have struggled to reach out beyond Indonesia's big cities up to now. However, a digital transformation is gripping the country, bringing with it the promise of huge increase in financial inclusion. Stefania Palma reports.
View from ADB 2017
Date: 4 -7 May
The 50th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) is held in Yokohama, Japan from 4 – 7 May, 2017.
- Sustainable development for Asia
- Overcoming middle income traps
- Meeting infrastructure investment needs
- Asia's ageing societies
Transcending the Middle Income Challenge
ADB joint seminar with the International Monetary Fund moderated by Stefania Palma, Asia editor at The Banker, on 4 May, 2:00pm-3:30pm
Mitsuhiro Furusawa, deputy managing director, International Monetary Fund
Sri Mulyani Indrawati, minister of finance, Indonesia
Takehiko Nakao, president and chairperson of the board of directors, ADB
Erik Berglof, professor/director, Institute of Global Affairs, London School of Economics and Political Science
Justin Yifu Lin, director of New Structural Economics, Dean of the Institute of South-South Cooperation and Development, and Honorary Dean of the National School of Development at Peking University
Click here to find out more.
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As finance minister of Indonesia, one of Sri Mulyani Indrawati’s priorities is to boost government revenue by tackling low tax receipts. These are caused by an overly complicated system – but modifying regulation will be a slow process. Meanwhile, she has major industries that are paying relatively low levels of tax in her sights, as Stefania Palma reports.
As the Asian Development Bank celebrates its 50th anniversary, president Takehiko Nakao talks to Stefania Palma about the organisation’s achievements, future objectives and approach to the effects of geopolitical risk on the region.
Microfinance is coming to the rescue in Myanmar as the country’s nascent capital markets struggle to meet its funding needs. Nikkei staff writer Yukako Ono reports.
The Stock Exchange of Thailand has ambitions to double its market capitalisation by 2020 by diversifying its pool of investors. Nikkei staff writer Yukako Ono reports.
Chea Serey, director-general of the National Bank of Cambodia, talks to Peter Janssen about building a post-conflict banking environment and not signing up to Basel.
While Islamic finance is popular within Malaysia, concerns have been voiced about the country's sluggish growth as an international centre. To combat this, regulators in the country are pinning their hopes on sharia-compliant fund and wealth management. Stefania Palma reports.