Indonesia

"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.

In the interview, Helen Wong also shared her views on the overall investment sentiment in Indonesia and gave updates on the deployment of its funds, among others.

President Joko Widodo cited an urgent need for the new law since 60 percent of the advertisement market in the Southeast Asian country is dominated by mainly foreign digital platforms.

"With the EV transition, we’re not just going to benefit from significant efficiency gains in converting stored electrical energy into mobility. We’re also going to make that evolutionary leap from being analog devices to completely digital and always-connected personalized devices, just like the ubiquitous smartphone."

Indonesia is one of the world top-10 markets by the number of users for social media firms including Youtube, TikTok, Facebook, Twitter, Instagram and Whatsapp. Indonesia is also the world's fourth most populous country.

State-owned companies will be directed to help with this new funding.

With this fresh funding, ESB will further expand its proposition including tech-enabled upselling features, enhanced business intelligence (BI) platform, delivery solutions, payment solutions, financing, and human resources information system (HRIS) to become the dominant end to end F&B business operating platform.

The Jakarta-based logistics unicorn is working with Bank of America Corp, China International Capital Corp and Morgan Stanley on the potential first-time share sale as soon as next year, Bloomberg reported, quoting people familiar with the matter.

In a deep-dive Q&A, we learn about the challenges in education, both as an industry and as a pedagogy. "The three key challenges, which are to be addressed by education are access, quality, and relevance,” says Sandeep Aneja, Founder & Managing Partner at Kaizenvest.

Agung discusses how the pandemic accelerated digital transformation in Indonesia, and how MSMEs–or warungs in particular–are able to benefit with the aim to “accelerate Indonesia’s growth in the midst of a post-pandemic economic boom by empowering micro-retail businesses.”