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