The Future Of Research In Indonesia: The Role Of Government, Universities and Industry
JAKARTA -Today people are living in the world of big data, and AI. Every aspect of human life is affected by big data and AI. Governments around the world, for instance, have relied on data collection and analysis to combat the Covid-19 pandemic. Contact tracing, identifying hotspots would now have been possible with the use […]
Indonesia Growth Prospects 2021: New Horizons
SCCI Investment and Business Webinar JAKARTA -Over the last decade, Indonesia has been a close partner for Singapore both in terms of government to government and business to business links. While Indonesia has not been able to attract interest in traditional sectors such us manufacturing, property and electronics from Singapore during the pandemic, new sectors […]
New Syariah Bank Hopes to Boost Indonesia’s Islamic Banking Sector
JAKARTA -More than a decade after launching the first Islamic Bank, Indonesia is once again attempting to create a vibrant Islamic financial sector in parallel with the traditional banking sector to attract new capital investments from the Middle East and Malaysia. On February 1st, President Joko Widodo launched Bank Syariah Indonesia (BSI), through the merger […]
VAT on tech companies could net the Indonesian government S$1 billion a year in additional revenue
Indonesia’s move to levy a 10% VAT on tech companies operating within its jurisdiction would provide a boom for the government’s revenue collection in 2021 as its digital economy continues to grow at a rapid pace. According to tax experts and analysts, the additonal revenue collected from the VAT on tech companies could exceed Rp […]
VC Funding Continued To Flow To Indonesian Startup Amidst Covid-19
With over 2,000 start-ups, Indonesia has over the past few years been viewed as one of the top destinations for venture capital and private equity firms. The country ranks 5th in global start-ups rankings, attracting more US$8 billion (S$11.2 billion) in funding from 2016 to 2019 cross 696 deals. Start-up founders such as Nadiem Makarim, […]
As Businesses Re-open, Optimism is Mixed with Longer-term Concerns on Survival
Indonesia’s economy is slowly waking from a three-month slumber as large-scale social restrictions ease and companies return to work. As of June 8, the Jakarta government administrations and other regions began a month-long transition period to allow businesses to resume operations even as the Covid-19 pandemic rages on. The calculation to move to a new […]
Preparing for the new normal: Indonesian government prepares to launch new stimulus plan
Indonesia has joined a growing number of countries around the world that are preparing to reopen their economies to prevent large-scale social and economic impairment. Needing to balance between long-term devaluation of economic growth and mitigating a public health crisis, President Joko Widodo’s government has announced a 5 stages gradual reopening of business activities starting […]
IEF CEO Leadership Series Hard Landing: Garuda Indonesia Prepares for Post Covid-19
IEF CEO Leadership Series Hard Landing: Garuda Indonesia Prepares for Post Covid-19
As government after government shuts down its borders and imposes strict travel restrictions, the global aviation industry is heading for a tailspin. The speed and depth of the nosedive is unprecedented with some estimates putting the cost of the global shutdown at well above US$200 billion. The International Air Transport Association (IATA) ‘s latest analysis […]
Battling the twin threats of a global health crisis and economic recession
As global governments race to confront the twin threats of a health crisis and an economic recession, the stakes are high. Millions of lives are at stake while workers around the world face the possibility of job losses and loss of income. As a result, a number of governments have already announced economic stimulus packages […]