Tag: Digital Economy
Below is a list with tagged columns and company profiles.
Today's Headlines Digital Economy
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March 2023 Report Released - ‘New Global Banking Crisis: Does It Affect Indonesia?’
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Mega-IPO on the Indonesia Stock Exchange: GoTo Gojek Tokopedia
Over the past year, we released two stories on the merger of Gojek and Tokopedia, two Indonesian tech companies that have evolved into huge companies over the past decade (with Gojek having turned into a Decacorn and Tokopedia into a unicorn).
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Latest Indonesia Investments Report Out! Economic, Political & Social Analyses
On Thursday (06.01.2022) Indonesia Investments released the December 2021 edition of its monthly report. This report discusses a range of subjects - related to political developments, the economy and social matters - that were important and influential issues in Indonesia in the month of December 2021.
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Digital Economy; ASEAN Agreement on Electronic Commerce Entered into Force
While the digital economy of the Southeast Asian region was already developing at a very fast rate prior to the arrival of the COVID-19 crisis, it was this crisis that would act as a catalyst for even more rapid development of the region’s digital economy.
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E-Commerce Giant Bukalapak to Become Indonesia’s First Listed Tech Startup Unicorn
In recent months most attention went to the merger of Indonesian ‘superapp’ Gojek and e-commerce giant Tokopedia – including their plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). But we should not forget that another Indonesian e-commerce giant (and tech startup unicorn), called Bukalapak, is scheduled to list on the IDX on 6 August 2021.
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Mega-Merger in Indonesia: Gojek & Tokopedia Announce Establishment of Holding
Although we already discussed the (then-looming) merger between Aplikasi Karya Anak Bangsa (Gojek) and Tokopedia in detail in our January 2021 report, we do feel it is justified to cover this topic once more – albeit slightly more succinct this time – since it is now official (announced on 17 May 2021) that both sides re to merge, thus creating a massive entity (named GoTo) with an impressive and unique ecosystem.
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Digital Economy: Will Indonesia Soon Have Its Own Silicon Valley?
Indonesia does not want to be left behind in terms of developing its digital economic potential. In early March 2021, the Indonesian government inaugurated the "Indonesian-style Silicon Valley" called Nongsa D-Town. This 5,000 m2 area is located on Batam Island, which is positioned very close to Singapore.
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Financial Sector: Digital Banks Will Soon Become a Reality for Indonesians
Digital banks will soon become a reality for Indonesians. Chief Executive of Banking Supervision of Indonesia's Financial Services Authority (in Indonesian: Otoritas Jasa Keuangan, or OJK) Heru Kristiyana recently confirmed that this supervisory agency is currently drafting regulations for the establishment of digital banks in Indonesia.
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Subscriber Update Indonesia Investments - Merger for Tech Giants Gojek & Tokopedia?
Possibly the biggest story in local Indonesian media over the past couple of days (if we exclude coverage of any COVID-19-related matters) is the news that Gojek is in talks (in fact in the final stages, reportedly) to merge with Tokopedia. Based on the input of people familiar with the matter, the two companies have agreed to conduct due diligence on their respective businesses.
Latest Columns Digital Economy
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Booming Digital Economy of Indonesia: Indonesians Increasingly Prefer the Use of Digital Payments
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Digital Economy of Indonesia; Tech Startups Continue to Experience Challenging Times in 2023
The recent banking crisis that started with the collapse of three regional American banks (in the second week of March 2023) – and spread further when Credit Suisse was on the brink of collapse before a forced take-over by UBS Group – can be linked to the tech sector (although we emphasize that weak corporate management at the banks in combination with central banks’ ultra-low interest rate environment and the huge quantities of free money that were pumped into economies are the primary reasons for the recent banking crisis).
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Stock Market in Focus; Indonesian Stocks Record a Good Performance in 2022, What About 2023?
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Omnibus Law on Finance; Bank Indonesia Busy Designing the Digital Rupiah
At the latest annual meeting of Indonesia’s central bank (Bank Indonesia), this lender of last resort presented a white paper on the digital rupiah (central bank digital currency, or CBDC). Just like what is happening abroad (and likely also in response to the rise of cryptocurrencies), Bank Indonesia is eager to launch a digital rupiah, possibly ultimately aiming to gradually phase out the use of physical money (notes and coins).
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Micro, Small & Medium Enterprises in Indonesia: Backbone of the Indonesian Economy
The micro, small, and medium enterprises (MSMEs) of Indonesia are an interesting phenomenon. Why? Well, let’s take a look at three remarkable statistics:
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Rising Cases of Data Breaches in Indonesia: a Sign to Urgently Enact the Data Protection Bill?
Breaches of personal data are unfortunately common news in Indonesia as it occurs on a widespread and frequent basis in not only the public sectors, but also in private sectors.
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Indonesia’s Jakarta Composite Index Likely to Touch New Record High Position in 2022
Indonesia’s benchmark stock index (Jakarta Composite Index, or IHSG) grew 10.08 percent in full-year 2021, a good performance after a volatile and highly uncertain 2020 when the COVID-19 crisis emerged. At around 6,580 points on the first trading day of 2022, the index remains at near-record high territory (with the record being set recently, in mid-November 2021, at around 6,750 points).
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Indonesia’s Financial Services Authority (OJK) Issues Regulations to Shape Digital Banking Ecosystem
The digital economy of Indonesia has been booming over the past 15 years. Today, life without Internet, smartphones, and apps is unimaginable for most people (both for personal and business reasons).
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COVID-19 Crisis Encourages Indonesia’s Micro, Small and Medium Businesses to Go Online
Indonesia’s digital economy is very promising. Near the end of 2019, Google and Singaporean wealth fund Temasek revised their projection for Indonesia's Internet economy (upwards) to reach USD $133 billion, in total value, by 2025. This would be a big jump from the value of around USD $40 billion in 2019.
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COVID-19: Indonesian Government Finally Paying Attention to Development of E-Commerce
The COVID-19 outbreak has continued to impact digital media consumption worldwide. Internet platforms, such as e-commerce, now play a pivotal role in our daily lives. On the bright side of current situations, e-commerce is growing all over the world, including in Indonesia. This is because behavioral shifts amongst Indonesians to choose online platforms as their safest place to conduct their daily activities, such as shopping, working or just meeting with some friends.
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Today's Headlines
- Update on 2024 Legislative & Presidential Elections of Indonesia; Latest Developments?
- Economic Update Indonesia; Assessing the Economy by Looking at Macroeconomic Indicators
- Indonesia Investments Released June 2023 Report - Focus on Mining Sector
- Consumer Price Index of Indonesia: June 2023 Brings Yet Another Month of Low Inflation
- Indonesia Investments Released May 2023 Report - US Pressures Come and Go