The Australian government has expressed interest in investing in Indonesia’s SWF. This was conveyed by Australian Treasurer Josh Frydenberg during a bilateral meeting with Finance Minister Sri Mulyani Indrawati.
Digital Economy
Indonesia contributes to a domestic workforce surplus. And when combined with a scarcity of jobs, leads to a growing number of Indonesians seeking work overseas in a way to earn money.
Southeast Asia’s ride-hailing giants Gojek and Grab are holding discussions about a possible merger, The Information reported, citing sources familiar with the talks.
Gojek’s food delivery arm has joined forces with startup hub Digitaraya, Kopi Kenangan’s Edward Tirtanata, as well as celebrity chef Arnold Poernomo to launch a food accelerator called Digitarasa.
Airlangga Hartarto has asked protesters to direct their criticism of the controversial omnibus bill on job creation toward the House of Representatives rather than President Widodo’s administration.
A pioneer in the VOD space, Netflix was founded in 1998 as a DVD-by-mail rental service. It started offering on-demand video streaming in America in 2007 and entered Indonesia in 2016.
The Traveloka Mandiri Card, which is designed for modern Indonesian millennials, allows consumers to earn points from offline and online purchases, double their points whenever they book flights.
The AIC will deliver a program titled “Cybersecurity competencies for MSMEs” after receiving a grant from the Australian Government DFAT.
A spokesperson for Socar told Tech in Asia that the company is currently eyeing the Indonesian market.
Last week, Indonesia introduced legislation in parliament that would overhaul the country’s infamously inflexible labour laws that investors and experts say leave workers worse off.
The government hopes to boost the country’s “doing business” ranking to 53rd place on the World Bank’s list this year in a bid to attract more investment into the country.
Now that economic uncertainty is squeezing funding, “it’s the end of an era of unbridled ambition and hopefully the beginning of a period of sustainable growth.”
“As a businessman, you have to know where the market is going and adapt. Otherwise, you won’t survive.”
The Indonesian government has submitted a tax bill that proposes corporate tax cuts and seeks to make internet giants pay more taxes.
Indonesia is largely covered in the press in Australia these days – mainly about the three B’s – boats, beef and Bali. In other words, illegal immigration, live cattle exports and drug smuggling normally dominates.
The world is increasingly erratic. In the past two years, we have witnessed a trade war between the United States and China whose effects are broad and can be felt by all countries.
