Upgrading The National Curriculum
JAKARTA -The digital economy has the potential to deliver an additional US$13 trillion in global economic activity by 2030 with Indonesia’s digital sector contributing around US$336 billion to its GDP, said Shweta Khurana, Director APJ – Global Partnerships & Initiatives Group, Intel Corporation on 2nd Annual…
How Digital Technologies Can Build Scale?
JAKARTA -Technology has the potential to achieve universal equality in education and improve learning outcomes. Dr. Rani Burchmore, Asia Pacific Education Industry Lead (K-12 Strategy, Sales & Programs), Microsoft in her keynote speech on 2nd Annual Indonesia Education Forum 2021 said that in order to unleash education’s…
Indonesia Foreign Exchange Reserve Over The Last 12 Months (US$ Million)
Despite multiple pressures on the macroeconomic environment due to the COVID pandemic -19, Bank Indonesia (BI) has for the past four successive months boosted the level of Indonesia’s foreign reserves to US$138.8 billion as of late February, enough for financing 10 months of imports and…
Naver Invests $150m in Indonesian Media Firm
JAKARTA – Naver Corp., South Korea’s top internet portal operator, said Wednesday it has made a strategic investment of $150 million in Indonesian media giant Emtek to strengthen its foothold in the Southeast Asian market. Emtek operates broadcast channels, as well as the over-the-top service…
IMF Cuts Indonesia Growth Projection Amid Global Upgrades
JAKARTA -The International Monetary Fund (IMF) has revised on Tuesday its 2021 global economic growth projection upward as a boost from the United States giant fiscal stimulus would propel the global economy while emerging countries like Indonesia underperform. The IMF World Economic Outlook projected the global economy would recover from…
Indonesia Aims to Reach 600,000-Unit Annual Production of Electrified Vehicles by 2030 – Report
JAKARTA -Indonesia aims to reach an annual production volume of electrified cars by 2030, said the country’s minister of industry Agus Gumiwang Kartasasmita according to CNN Indonesia. Meanwhile, the country has also aimed for an annual production figure of 2.445 million electric bikes in that time,…
Krakatau Steel to Build 40 MW Floating Solar Power Station
JAKARTA -State-owned steelmaker Krakatau Steel plans to build a 40 megawatt (MW) floating solar photovoltaic (PV) power station in Banten to power the operations of its water treatment subsidiary, PT Krakatau Tirta Industri (KTI). KTI signed a US$14 million deal on Monday with energy company…
Indonesia’s Next Digital Boom Lies Beyond Metropolitan Cities
CLAUDIA CHONG JAKARTA – THE next wave of growth in Indonesia’s digital economy will come from non-metropolitan areas, according to research from Kearney and venture capital firm Alpha JWC Ventures. In tier two and three cities, the multibillion-dollar sectors of e-commerce, payments and lending are…
Batam, Bintan to Soon Be Opened for Foreign Tourists
JAKARTA -Tourism and Creative Economy Minister Sandiaga Uno said the government would prioritize to open doors for international tourists in Batam and Bintan, Riau Islands, before Bali, as the two regions are considered to be more ready. “This is because Batam-Bintan are far more ready [than Bali],” Sandiaga…
Indonesia: New capital city to be completed by 2024
JAKARTA -State palace will start soon in order to meet the target completion date of 2024, said the planning minister. Suharso Monoarfa told Anadolu Agency on Wednesday that the initial budget estimate for the construction of the new capital city was 466 trillion Indonesian rupiahs…