INDONESIA

Coronavirus: Price of a box of N95 masks cost more than a gram of gold in Indonesia

JAKARTA - The price of a box of masks for the first time has surpassed a gram of gold, one retailer has been quoted as saying.

U-turn in regional business sentiment as tourists stay home

After a year and a half of a trade war between the world's two biggest economies that choked off exports and foreign investment for the region, this was supposed to be South-east Asia's year of...

Indonesian coffee chain brews plan to expand in S-E Asia

Mr Edward Tirtanata was running a cafe selling artisanal tea blends in Jakarta when he spotted a bigger business opportunity in the coffee market: There was no good mid-priced coffee targeted at...

Differing prospects for Asean telcos in 5G rollout: DBS

5G offers profitable opportunities for telcos in Singapore and Malaysia, but Thai telcos may face some risks from a higher capital expenditure (capex) burden, said DBS.

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.