Opportunity and Threat in Economy Issues

Opportunity / Threat FIFGROUP Action

1. Macro Economy: • Economy growth in developing country, especially in Indonesia, Increase target national 2018 min
a.Economy Growth starts to improve (2017: 5.1%) and is predicted to increase again 4% (as inflation rate)
b.Inflation in 2018 (2018f: 5.4-6.1%)
c.Exchange Rate • In 2017, inflation is around the 4% and is predicted to decrease
again in 2018 ( 2018F : -0.1% from 2017)
• Exchange rate has been remarkably stable in 2017f and 2018f (
2017: 13,300, 2018f: 13,500 – 13,800)
2. Growth Regional Domestic Product (GRDP) per Area’s that have GDP per Capita above GDP per Capita National is: Cascading target per
Capita 1.Kalimantan (Kalimantan Timur, Kalimantan Utara) region/province based on GRDP per
2.Jawa (DKI Jakarta) capita (potency).
3.Sumatera (Riau, Kepulauan Riau)
3. Gross Regional Domestic Product (GRDP) Growth • Number of Regional PDRB Indonesia > 7% are Kalteng, Sulbar, Increase target per province based
Sultra, Sulsel, Gorontalo, and Papua on increase GRDP per region
• Regional PDRB Indonesia < 4% are Riau, Kalbar, Sulteng, and NTB
4. Commodity Prices is slow down (2018) Prediction commodity will be decreased in 2018, which is some
• Coal: -14.3% region’s buying power will be decreased
• Agricultural: -0.25%
• Metal: -4.00%
 Indonesia Economic Outlook 2018

Source: Kementrian Keuangan Republik Indonesia, Juni 2017

 Indonesia Economic Outlook 2018
Growth Region Domestic Product (GRDP) per Capita (thousand rupiahs)

Urutan Pulau yang memiliki GDP per Kapita di atas

GDP per Kapita Nasional adalah:
1. Kalimantan
2. Jawa
3. Sumatera
Urutan Pulau yang memiliki GDP per Kapita paling
rendah dan di bawah GDP per Kapita Nasional adalah:
1. Bali Nusra
2. Sulawesi
3. Papua Maluku

> GDP per Capita National < GDP per Capita National Source: BPS – Statistics Indonesia, 2017
 Indonesia Economic Outlook 2018
Commodity Prices
• Harga komoditas di tahun 2017 mulai membaik, Karena terjadi
peningkatan dari tahun sebelumnya. Salah satunya adalah harga
Agricultural (Sawit, Karet, dll).
• Daya beli masyarakat di daerah-daerah Non Jawa, khususnya
penghasil batu bara seperti Kalimantan dan Sumatera akan
meningkat sejalan dengan peningkatan harag komoditas tersebut
• Tahun 2018, harga komoditas diprediksikan akan bergerak
stagnan dan cenderung melambat.

• Tingkat Inflasi di tahun 2018 diprediksikan akan menurun dari

Source: Kementrian Keuangan Republik Indonesia, Juni 2017 tahun 2017
https://mediaasuransinews.co.id/2017/01/11/kenaikan-daya-beli-dorong-pertumbuhan-ekonomi-2017-2/
 Regulatory Issues
Regulation Opportunity / Threat
1. Fintech Regulation (POJK 77/2016) Opp.: FIFGROUP can create IT-based services to
Fintech is financial services to combine lenders with loan expand business
recipients to conduct loan transaction directly through an Cons.: Opportunity for run peer to peer lending is
electronic system and using the internet network still restricted by OJK
2. Pawn Regulation (POJK 31/2016) Opp.: Database customer FIFGROUP can matches
Pawn is lending business with the guarantee of moving goods, with pawn business
consignment services, estimated services, and other services Cons.: Region is limited handled by one identity
Including those organized based on sharia principles company (PT/Koperasi)
3. E-Money Regulation (POJK 69) Opps.: e-money for customer convenience to pay
E-Money is money which exists only in banking computer installment & down payment & fee based income
systems and is not held in any physical form from other biller
4. Operation of Financing Business (POJK 29 /2014) Opp: New business opportunity for multi finance :
to support the development of finance companies and realize a robust, • Investment
contributive, inclusive and contributive financing company industry to • Modal Kerja
maintain a stable and sustainable financial system • Multiguna
• Fee based income
5. Sharia Financing Business (POJK 31 /2014) Business opportunity for sharia financing:
to comply with the principles of Islamic sharia, including the fatwas • Financing for sale and purchase
established by the National Sharia Council of the Indonesian Council of • Investment financing
Ulama • Financing services
6. Minimum wages regulation (Peraturan Gubernur no 227 tahun 2016) Threat: Increase UMP 8.25%
FIFGROUP Action
Develop fintech (IT based financial
services), through new company
• Elaborate financing business model
with gold collateral (existing
company)
• Develop new pawn company on
selected area
• Develop FIFpay (e-money) through
existing company or white label
from other e-money license owner
• Develop FIFpay (e-money) through
new company
FIFGROUP can expand it’s business
FIFGROUP can focus to explore sharia
Increase productivity to catch up increase
UMP
 Fintech Regulation
POJK 77/2016:
OWNERSHIP
FinTech is financial services
to combine lenders with loan recipients • WNI/BHI
• WNA/BHA max 85%
to conduct loan transaction
directly through an electronic system and using
the internet network

PAID-UP CAPITAL
Note tambahan
Larangan bagi financing company:
• Bertindak sebagai pemberi pinjaman/penerima pinjaman
• Karena perusahaan fintech ini hanya menyediakan platform dan
• Rp 1 M – when registration
bisnis ini dilakukan off balance sheet. • Rp 2.5 M – when permission request
• Alasannya karena secara legal perusahaan Fintech tidak diawasi
tingkat kesehatan keuangannya (mis : Gearing Ratio, NPL, dll).
Selain itu untuk menjaga behavior penyelenggara supaya tidak
memilih account baik untuk dirinya, dan account kurang baik untuk
investor lain.
• Memberikan jaminan, sekali lagi karena nature bisnisnya adalah
sebagai penyedia platform. Sehingga fintech pun dilarang untuk OTHER ISSUES
memberikan talangan atas pembayaran ansguran peminjam.
• Menerbitkan surat hutang, supaya tidak berhutang untuk • Menurut POJK 29 tidak memungkinkan
membiayai operasional yang bisa merugi. FIFGROUP masuk sebai pemberi dana,
• Memberikan rekomendasi fiktif/menyesatkan. Bukan berarti tidak
namun perubahan POJK 29 memungkinkan
boleh memberikan scoring/rating atas kualitas peminjam. Tetapi
setelah memberikan scoring, keputusan untuk memberi pinjaman • FIFGROUP apat membuat layanan berbasis IT
ada di masing-masing individu, bukan diarahkan oleh fintech.
 Pawn Regulation
POJK 31/2016:
OWNERSHIP
Pawn is lending business
• Country, PEMDA, WNI/BHI
with the guarantee of moving goods,
• Not allowed to WNA/BHA
consignment services, estimated services, • Setiap provinsi hanya bisa dihandle oleh satu entityi
and other services
Including those organized based on sharia
principles
MODAL DISETOR
Note tambahan • Rp 500 juta – District and city scope
• Saat ini kebanyakan gadai swasta berbentuk koperasi • Rp 2.5 M – lProvince scope
• Konsumen tidak sadar dengan haknya sebagai anggota koperasi
tersebut
• Market Share gadai swasta saat ini didominasi oleh Pusat Gadai
Indonesia yang dimiliki Koperasi Angkatan Laut. Contoh besaran
bunga dan dendanya :
• < 15 hari : 15%
• 16-30 hari : 10% OTHER ISSUES
• OD >30 hari : bunga + 2%
• OD > 60 hari : bunga + 5% (dengan sifat akumulasi dari bunga dan • Kepemilikan melalui mekanisme pasar modal pada
denda sebelumnya) bursa efek.
• Setelah OD > 4 bulan, maka barang dijual
• FIFGROUP harus membuat PT lain untuk
melaksanakan di provinsi lain
 E Money Regulation
OWNERSHIP
• Bank/non bank (financing company diijinkan
dengan mengirimkan aplikasi jika float
SE No 16/11/DKSP, 22 Jul 2014: funding min IDR 1 Milyar)
E-Money is money which exists only in
banking computer systems and is not held
in any physical form
MODAL
Note tambahan • Float funding 100% harus dimasukkan dalam
Selama menyelenggarakan e money, maka
bank umum
- Penyelenggara wajib melakukan pencatatan data identitas dan
transaksi pemegang;
- Batas nilai uang elektronik 5 juta (registered), dan maksimal 20 juta
(per bulan) diperhitungkan dari incoming transaction (setoran awal
dana masuk, top up, dan atau transaksi lainnya).
- Fasilitas: registerasi pemegang, top up, pembayaran transaksi,

OTHER ISSUES
pembayran tagihan, transfer dana, tarik tunai, penyaluran program
bantuan pemerintah kepada masyarakat.
• Proses approval diajukan ke Badan Otoritas
Bank
• Masa ijin 5 tahun, dan dievaluasi apakah
dapat diperpanjang/tidak