Despite setbacks, Indonesian startups that cater to warungs continue to attract capital from global investors.
Digital Economy
State spending is set at a record high 2.75 quadrillion rupiah for next year, with growth assumption at 5% and fiscal deficit seen at 5.7% of GDP.
Indonesian regulatory bodies and fintech companies are trying to strike a balance that will encourage innovation maintaining customer security.
The price of gold has soared, fuelling a boom in illegal panning in rivers near US company Freeport’s Grasberg mine and other places in Indonesia.
“When economic crisis happens in urban areas, villages are supposed to be the buffer zones as ruralization occurs,” Jokowi said.
The failure of family companies to create sustainable competitive advantage is due to a reluctance to invest in new business ideas and a tendency to avoid risk.
Atta Halilintar has 25.5 million subscribers on a channel that earns him up to an estimated US$1.6 million a month.
One gallery owner started an Instagram account in late June but due to his unfamiliarity with social media had only attracted five followers as of mid-September.
The virus-tracking feature relies on Bluetooth signals emitted from mobile phones to locate exposed co-workers nearby.
The Australia-Indonesia Centre and OpenLearning have formed a partnership to deliver programs into Indonesia that will improve research and collaborative skills.
For the last two months, two young friends have been collecting plastic trash in their Jakarta neighbourhood in exchange for wifi access.
The co-living startup has digitised a housing model that has been around since the 1950s, now listing nearly 10,000 rooms across 12 cities in Indonesia.
Economic Affairs Minister Airlangga Hartarto motioned during a government meeting for the purchase of affordable tablets for students on top of the mobile data subsidy.
Support is needed to strengthen Indonesia’s fast rising digital economy with greater inclusivity and cybersecurity.
Indonesian female entrepreneurs tend to work in slower productivity fields and also have less access to skills development training, technology, and business networks.
“The ability to use digital devices should be followed by information management skills. [We will] map which skills [people] have mastered and which need to be further improved.”
