Deputy Speaker of the Indonesian House of Representatives (DPR RI) Sufmi Dasco Ahmad (third right) with Singaporean Ambassador to Indonesia, Kwok Fook Seng (third left), at the parliament complex, Senayan, Jakarta, on Friday (January 17, 2025). (ANTARA/HO-DPR RI/rst)

Experts warn the new economic zone will be a ‘serious threat’ that could exacerbate Indonesia’s struggles to attract top-tier investments.

The city also led fintech funding in Q3 2024. In 2024, Singapore emerged as the top city contributing to fintech funding in Southeast Asia (SEA), raising a total of $995m, Traxcn reported. Jakarta followed with a wide margin at $242m,

Super Bank’s backers also include app platform Grab Holdings and Singapore Telecommunications and KakaoBank Corp., according to its website. It traces its roots back to 1993, when it was known as PT Bank Fama International.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated on Monday that the recently established Johor-Singapore Special Economic Zone (JS-SEZ) in

SINGAPORE: Singapore cemented its position as Southeast Asia’s (SEA) leading hub for fintech investment in 2024, raising an impressive $995 million, according to a report by Traxcn. The country outpaced its regional counterparts by a significant margin, with Jakarta securing second place at $242 million and Bangkok ranking third with $198 million.

Singapore has retained its position as the country with the most powerful passport in the world, according to the 2025 Henley Passport Index.

Super Bank Indonesia is considering an initial public offering that may take place in Jakarta as soon as this year, according to people familiar with the matter. Most Read from BloombergThese Homes Withstood the LA Fires.