“As a businessman, you have to know where the market is going and adapt. Otherwise, you won’t survive.”
Despite the two countries’ proximity Jokowi’s speech was only the second time an Indonesian president had performed the honor in the 70-year history of their diplomatic relations, with President Susilo Bambang Yudhoyono being the first a decade ago.
Geopolitical and geo-economic forces are proving the catalyst for a growing convergence of interests between Australia and Indonesia.
The massive investment pledges underscores companies’ desire to have a hand in shaping a city from ground up.
Indonesia, Southeast Asia’s most populous nation, expects its electricity needs to almost double in the next 10 years. But its heavy reliance on fossil fuels, means it may offset the rest of the region’s positive growth toward renewable energy.
“We know that financial literacy has increased from 29.7 percent in 2016 to 38.03 percent in 2019. It has indeed increased, but the figure is still low.”
Westpac-backed VC fund reinventure joins $90 million for Kredivo’s owner, Indonesia’s leading “Buy Now Pay Later” platform
“Access to credit is a huge problem for Indonesian millennials, and we are solving for it through convenience, transparency and fairness.”
Telkom has blocked Netflix for its 112 million data customers on its network – though the company’s public relations officer said it “is not blocked, it cannot be accessed”.
With the completion of the Palapa Ring, investors should expect new income streams for digital businesses as Indonesia’s digital economy rapidly expands with the increased high-speed internet access.
So far, WeChat Pay is the only foreign digital wallet service that has been able to obtain permission from BI to operate in Indonesia through a partnership with Bank CIMB Niaga.
Calls are mounting for Indonesia to escalate preparedness against the Wuhan coronavirus, even though the country has no confirmed cases as of Sunday (Jan 26).
The bill on the elimination of sexual violence is back on the agenda for deliberation by the House of Representatives (DPR) in 2020, after discussions came to a standstill in 2018 and 2019.
“I want to invest in a shop that sides more with Muslims, which sells produce by Muslim communities, by our [small businesses].”