In Indonesia, minimum wages vary by regions, ranging from US$107 in Yogyakarta to US$222 in Papua – so interest quickly results in debts becoming unbearable. Photo: EPA-EFE

Indonesia’s online P2P loan sharks are driving people to suicide

  • There’s a dark side to Jakarta’s embrace of the digital revolution: unchecked online lending services with increasingly aggressive debt-collection methods
  • Total loans from registered lenders hit US$1.07 billion last October, but there are plenty more illegal lenders taking advantage of exorbitant interest rates
Topic |   Indonesia

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In Indonesia, minimum wages vary by regions, ranging from US$107 in Yogyakarta to US$222 in Papua – so interest quickly results in debts becoming unbearable. Photo: EPA-EFE
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The first corridor of Jakarta’s US$1.1 billion MRT connects the iconic Hotel Indonesia roundabout at the city centre to Lebak Bulus in the city’s south. Photo: Kyodo

Jakarta’s long ride to an MRT is almost over. Will it boost Widodo during the Indonesian election?

  • After a delay of almost 30 years, the capital is about to get a US$1.1 billion subway system, just in time for the April polls
  • The president is talking up his work in getting it across the line, but there is more to do to solve congestion in the traffic-clogged city
Topic |   Indonesia

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The first corridor of Jakarta’s US$1.1 billion MRT connects the iconic Hotel Indonesia roundabout at the city centre to Lebak Bulus in the city’s south. Photo: Kyodo
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