Despite the forecast of slow global economic growth in 2020, Southeast Asia is expected to enter an economic golden age that will take the region well on the path to become the world’s fourth-largest economic bloc.
Indonesia is set to overhaul its nearly two-decade old labor law as Jokowi seeks to transition the economy from a commodity reliant one into a manufacturing hub.
Challenges like Indonesia’s inadequate infrastructure facilities coupled with a big income gap in its population throw up open significant opportunities for companies and investors alike.
Luhut Pandjaitan said that Japanese conglomerate Softbank offered to cover the cost of Indonesia’s new capital city development, which would likely reach USD 30 to 40 billion.
The private sector, including technology companies, must actively drive social and economic inclusion of the 14 per cent of Asean’s population that still lives below the international poverty line.
“Indonesia has a huge market for this segment… Student loans are relatively untouched by financial services and technology, so we think that this is the right time for us to address this.”
Early lessons from Indonesia, China, and Australia on how regulatory innovation in fintech achieves inclusivity
These three different regulatory regimes each offer lessons in terms of privacy, data security and innovation.
“There is a big opportunity in Indonesia… It has a growth story, political landscape and valuations.”
[Decentralisation] means that getting a unified view of Indonesia, or building a unified strategy for it, is very difficult with centralized information systems.
The new subscription service, called GoFood Plus, allows signed-up users to receive a certain number of food orders per day for a fixed monthly fee.
President Joko Widodo has said he wants public and private transportation in Indonesia’s new capital city to be the first in the world that uses only autonomous and electric vehicles (EVs).
The Indonesian government is set to implement a new import regulation that will lower the maximum value of tax-free imported goods at the end of this month.