Business News
Five Startup Sectors in Indonesia Are Targeted by Investors This Year
Investors, including venture capitalists, estimate that five startup sectors will be flooded with funding this year. The startup fields in question are financial technology (fintech), health (healthtech), education, logistics, and e-commerce. East Ventures partner Melisa Irene said, fintech is considered potential because there are many people in Indonesia who have…
Govt Eyes Foreign Investment in Indonesian Start-ups, SEZ through New Draft Rules
The government has unveiled a draft presidential regulation, derived from the recently passed Job Creation Law, that offers leeway for foreign investment in tech-based start-ups in special economic zones (SEZs). The draft, which is available on the official website of the jobs law, stipulates that foreign investment in start-ups located…
BKPM Matches SMEs with Big Firms to Facilitate Deals Worth Rp 1.5T
The Investment Coordinating Board (BKPM) has helped local small and medium enterprises (SMEs) sign deals over Rp 1.5 trillion (US$106 million) with national and multinational corporations to boost small firms’ role in global value chains. On Monday, 196 SMEs had signed partnership deals with 27 national and 29 foreign companies…
Jokowi Calls on OJK to 'Show Fangs' and Protect Investors, Boost Confidence
President Joko “Jokowi” Widodo has called on the Financial Services Authority (OJK) to step up its supervisory role to maintain market confidence and better protect investors as it comes under scrutiny in relation to several high-profile financial mismanagement cases. In his remarks delivered on Friday evening at the OJK’s annual…
