As Thailand and Indonesia go electric, hybrid-focused players risk losing out.
Business
Concerns are mounting in Indonesia over the ability of its regions to cope with a spike in coronavirus cases, according to its health minister, as the highly transmissible Delta variant spreads quickly across the world’s largest archipelago.
Indonesia has lost its prized upper middle-income status after only a year, as Southeast Asia’s largest coronavirus outbreak reverses gains in poverty and employment.
Indonesia is projected to take more than six years to see widespread 5G adoption, despite recent milestones in 5G deployment, as the government is expected to focus on expanding 4G services at least in the medium term, experts and studies say.
Indonesia is accelerating the development of telecommunications infrastructure to support the growth of the digital economy, especially in remote areas. The government aims to provide more than 12,500 villages with 4G cellular networks by the end of next year. Almost half of them are in the easternmost province of Papua.
Indonesia’s top ride-hailing and e-commerce companies are already “well integrated” to navigate a looming lockdown as COVID-19 cases in the country surge, GoTo President Patrick Cao said at webinar hosted by the Financial Times and Nikkei on Tuesday.
Garuda Indonesia could withdraw all flights to Australia as the struggling airline ‘shrinks to survive’ following a US$2.5 billion loss.
While some of its peers have started hinting at a policy shift, Bank Indonesia has pledged to keep policy accommodative as long as possible to support a soft economy that is struggling to get Covid-19 under control.
After riding Asia Pacific’s e-commerce wave in establishing a portfolio of six million square metres (64.6 million square feet) of warehouse projects, Australian Logos Property is adding data centres to its arsenal of projects through an Indonesian joint venture unveiled today.
As founding members of GoTo Group, the 30-somethings are responsible for creating Indonesia’s newest and most valuable tech company after merging their ride-hailing and e-commerce start-ups in the country’s biggest-ever business deal.
A long-delayed project to construct the first railway on the Indonesian island of Sulawesi is gaining traction, with contractors securing 693.8 billion rupiah in an Islamic law-compliant syndicated loan led by Bank Syariah Indonesia.
More and more Indonesian start-ups are announcing plans to go public after talks over mergers and special purpose acquisition companies (SPAC) escalated in recent months.
Indonesia needs to bring technology to agriculture and smaller businesses, for the country to unlock post-pandemic growth and become the seventh top economy by 2030, according to global consulting firm McKinsey & Company.
Indonesia Battery Corp. and a consortium led by South Korea’s LG Group are set to soon begin building a $1.2 billion electric vehicle battery plant, the Indonesian investment minister says.
A plan for 14 of Indonesia’s state-owned enterprises to publicly list should force them to implement higher standards of corporate governance.
PT Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as the airline seeks to survive the crisis wrought by the pandemic, its president told staff this week.
