INDONESIA

Gojek in safe hands as co-founder takes on new challenges

His appointment to serve as Education and Culture Minister comes at a delicate time for Gojek, which last year embarked on a US$500 million expansion into Singapore, Thailand and Vietnam.

Digital payment service firm OVO is Indonesia's fifth unicorn, minister says

JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) - Digital payment service firm OVO has become the fifth Indonesian unicorn, as the company is now valued at more than US$1 billion (S$1.38 billion),...

Singapore startups tapping new buzz in Indonesia as test bed

EVEN as Indonesia churns out its own startups, an increasing number of Singaporean startups are looking to the country as a launchpad to test their business model.

GoJek, on tackling the Singapore market

"Honestly, to me, it's still a miracle that we have an office here with that view. From that two-storey house in Jakarta, I never thought we'd get here," says Raditya Wibowo.

Huge market, Web access drive expansion of Indonesian start-ups

Indonesia is a hotbed for start-up activity in South-east Asia with four unicorns, each with a coveted US$1 billion (S$1.4 billion) valuation.

Indonesia to fix motorbike ride-hailing rates; may hurt Grab, Go-Jek

[JAKARTA] Indonesian authorities mandated on Monday that ride-hailing motorcycle service providers will only be able to charge rates within a fixed band, a move that could put hurdles in the...

Indonesia prepares regulations to fix ride-hailing rates

INDONESIA is preparing to launch regulations fixing the rates drivers and riders for ride-hailing services such as Grab and Gojek receive, two government officials said this week, creating potential...

Indonesia's Telkom in talks to buy stake in Go-Jek

Just before Go-Jek launches its ride-hailing service in Singapore and goes head-to-head with Grab in the region, it may have found another investor to lend it even more financial muscle.

Indonesia's Telkom in talks to buy stake in Go-Jek as ride-hailing firm pushes ahead with expansion plans

JAKARTA - Indonesia's largest telecommunication services provider Telkom is in talks to buy a stake in Go-Jek, a technology start-up that began its business as a ride-hailing firm in the...

Alibaba's Jack Ma to open institute for tech entrepreneurs in Indonesia

BALI (REUTERS) - Jack Ma, executive chairman of China's Alibaba Group Holding, said on Saturday (Oct 20) he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where...

Arrest of Lippo Group executive leaves one of South-east Asia's biggest projects in limbo

JAKARTA (BLOOMBERG) - The arrest of a senior executive at Lippo Group, one of Indonesia's leading business conglomerates, has thrown into doubt the future of a major development project touted as...