Going forward, Indonesian unicorns are expected to adopt a cautious approach, even though listing is generally an important move for such companies.
The discussion with Jokowi centered around building a smart city using the newest technology that will be green and supported by lots of artificial intelligence.
The root of the problem is that living standards are not rising fast enough. President Jokowi has not been able to implement a viable path towards accelerated economic growth.
The IoT smart farming is expected to support the low carbon building in the country, especially in agriculture.
Letters of Intent on Digital Diplomacy and Trilateral Cooperation were signed by Australia and Indonesia in Jakarta on 8 January 2020, the Australian Embassy in Indonesia has advised.
Authorities are predicting growth in 2020 will be the fastest in seven years despite lingering trade tensions between the U.S. and China and subdued global demand.
Indonesia plans to impose fixed fees on some e-wallet transactions in a move that could choke a key revenue stream and raise costs for payment startups.
A new report places Indonesia 5th out of 73 countries, determined from sectors such as finance, food, tourism, fashion, media, pharmacy and cosmetics.
[AIC Backgrounder No.2/2019] Indonesia’s digital economy is massively important, but without reliable cybersecurity systems, 150 million users remain exposed to security threats.
Both the government of Indonesia and the central bank have encouraged traditional banks to undertake digital transformation initiatives and adopt open banking.
Widodo is looking to boost investment to fulfil an ambitious goal of turning Indonesia into a US$7 trillion economy by 2045, which would place it in the high-income club.
How much do we know about the scale of population displacement? Where have residents travelled to? What about the people who have remained in the impacted areas?
“We’re now focused on providing Indonesian original content as well from other countries in Asia. It’s no longer focused on Hollywood products, and is expected to reach a broader audience across middle and lower class.”
Mobile is the main channel that consumers in Southeast Asia use to shop online: 62 percent of online retail sales in Southeast Asia are estimated to come from mobile in 2019.
The only way the tech ecosystem can stay balanced in countries like Indonesia is if enough seed money and opportunities remain to rear the next generation of unicorns.
The country has already met its goal of becoming the largest digital economy in Southeast Asia by 2020, and is expected to continue to enjoy sharp growth in the sector.