INDONESIA

Indonesia: A market where obstacles and opportunities co-exist

Known as the “The Country of Thousand Islands”, Indonesia has gradually become one of the hottest investment locations in recent years, drawing continuous influx of foreign enterprises in search...

Asean growth “should improve” in 2020: HSBC

Asean should see further growth in 2020, thanks to a surge in public infrastructure spending and a relatively stable private consumption, though enacting key reforms this year is critical to boosting...

Indonesia's startup scene exploding, but exits are another story

IN A neighbourhood nestled within South Jakarta, 37-year-old Romana operates a small roadside kiosk selling prepaid mobile credit and phone accessories.

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.