Statustics Indonesia (BPS) chief statistician Amalia Adininggar Widyasanti (left) stands next to MoSPI secretary Saurabh Garg (middle) on Aug. 4 after signing a Letter of Intent (LoI) on the sidelines of the BRICS Meeting of Heads of National Statistical Offices in Lucknow, India.

RI, India to share AI, digital platforms for official statistics

Indonesia and India have agreed to exchange artificial intelligence applications and digital statistical platforms to expedite the modernization of their national data systems.

4 days ago

Tech premium

BRIN pitches advancing nuclear, AI in meeting with Prabowo

During a meeting with the President on Aug. 6, the research agency presented its work in various fields to support the administration's development agenda, including a nuclear power ecosystem, AI technology including chip-making and potable water facilities. ...

1 week ago

Tech

‘Vibe Coding’: How Asia’s finance teams are rewriting rules

AI coding agents allow finance teams to build solutions without needing an engineering background, as they only need to define the logic and desired outputs, while the AI writes the code, tests it and connects it to relevant data sources. ...

1 week ago

The Latest

Securities crowdfunding mobile app Bizhare

Tech premium

Crowdfunding spurs optimism for small businesses

Funding for small businesses through securities crowdfunding (SCF) platforms tripled in 2021.

4 years ago

A 5G cellular tower stands as a Southwest Airlines Co. Boeing 737 airplane lands at Los Angeles International Airport (LAX) in California, United States, on Jan. 19, 2022.

Tech

5G launches in US without huge impact on flights

Telecom giants AT&T and Verizon began 5G service in the United States on Wednesday without major disruptions to flights after the launch of the new wireless technology was scaled back.

4 years ago

A building with a honeycomb-like facade at the Public Works and Housing Ministry in Kebayoran Baru, South Jakarta, as seen in this undated photograph, is certified as environmentally friendly by the Green Building Council Indonesia (GBCI).

Tech premium

Architects group calls for more green buildings to reach climate goals

The association is pushing for the development of more green structures to meet the country’s climate pledge, underlining that architecture adapts to the times.

4 years ago

Investment app Pluang offers gold, money market and cryptocurrency investment features, among others.

Tech premium

Start-up digest: Fintech firms snag $163m in funding

Online lender Koinworks and investment app Pluang raised a total of US$163 million in funding in January.

4 years ago

A solar PV system installed by solar start-up Xurya is pictured on the Plaza Indonesia shopping mall in Central Jakarta in an undated photo.

Tech premium

Solar start-up Xurya bags $21.5m in series A funding

A firm partly owned by Tourism and Creative Economy Minister Sandiaga Uno is one of several investors putting $21.5 million into an Indonesian solar rooftop provider.

4 years ago

Experts predict we may see companies in the fintech and e-commerce sectors becoming unicorns in 2022.

Tech premium

Fintech, e-commerce firms expected to become next unicorns

After welcoming five unicorns in 2021, Indonesia is going to see more start-ups from the fintech and e-commerce sectors, experts say.

4 years ago

Bank Harda Internasional (BBHI), pictured in an undated photo above, has rebranded itself as Allo Bank as it transforms into a digital lender.

Tech premium

Bukalapak, Salim Group to buy into digital lender Allo Bank

The acquisition continues the trend of corporations investing in digital banks.

4 years ago

Tech premium

Yearender 2021: Indonesia’s digital economy got bigger, not necessarily better

Adoption of online services soared during the pandemic in Southeast Asia’s biggest digital economy, but scrutiny has been growing as scams, cyberattacks and high fees taint the industry.

4 years ago

Then-BTN president director Pahala N. Mansury (left) attends the company's national working meeting in Jakarta on Jan. 10, 2020.

Tech premium

BTN to develop property market ‘super app’

State-owned Bank Tabungan Negara (BTN) is looking to digital technology to grow its mortgage business into something much bigger.

4 years ago

Tech premium

Bukalapak shifts spending of IPO funds

The publicly listed e-marketplace freed up more funds for business diversification and debt-funded growth.

4 years ago

Jeth Soetoyo, founder and CEO of crypto exchange platform Pintu

Executive Column premium

Executive Column: Pintu CEO says education vital in crypto industry

As Indonesians enter the crypto market in droves, Pintu CEO Jeth Soetoyo says investment education is crucial.

4 years ago

The world's largest crypto bourse will work with a subsidiary of Indonesia's largest telecom company to capture rising domestic demand for digital assets.

Tech premium

Binance, MDI Ventures to develop local crypto exchange

The world's largest crypto bourse will work with a subsidiary of Indonesia's largest telecom company to capture rising domestic demand for digital assets.

4 years ago

Tech

Major tech companies struggle to plug holes in logging software

Cisco Systems, IBM, VMware and Splunk were among the companies with multiple pieces of flawed software.

4 years ago

Fuse CEO Andy Yeung and COO Ivan Sunandar

Tech premium

Fuse bags $25m in series B+ funding

Indonesia’s largest insurance technology (insurtech) company has secured $25 million in a series B+ funding round led by a global fintech fund.

4 years ago

Finance Minister Sri Mulyani Indrawati delivers a speech during the 2021 Indonesia Fintech Summit in Bali on Saturday.

Tech premium

Financial sector bill introduces new fintech rules

Finance Minister Sri Mulyani noted that the bill covered the definition and scope of fintech firms, their legal status, as well as regulation, supervision, licensing and consumer protection.

4 years ago

From left) Sinar Mas Land strategic land bank CEO Christopher Siswanto Adisaputro, Sinar Mas Land asset management CEO Teky Mailoa, Tangerang Regent A. Zaki Iskandar, Communication and Information Minister Johnny G. Plate, Sinar Mas managing director Saleh Husin and Sinar Mas Land president office managing director Dhony Rahajoe.

Tech

Digital Hub BSD City starts construction of tech-oriented Knowledge Hub

Driven by the rapid adoption of technology in the face of the COVID-19 pandemic, property developer Sinar Mas Land has started construction of the Knowledge Hub office building in the Digital Hub BSD City tech-focused commercial area.

4 years ago

A user operates Cakap, a homegrown language learning app, on a mobile phone.

Tech premium

Language learning app Cakap bags $10 million in series B round

Edutech firm Cakap aims to upgrade its technology and offer more classes with the new funds.

4 years ago

Flip is a mobile app that offers interbank money transfers and other transaction services, and is available for both iOS and Android devices.

Tech premium

Local fintech Flip raises $48m in foreign VC-led funding round

The Indonesian start-up has secured US$48 million in its latest funding round to secure its domestic lead, with plans to expand its services and workforce.

4 years ago

Visitors wearing VR glasses at the stall of VLYR sit inside the cabin of a 'real flight object', which in VR is a flying drone, and are shown a virtual city tour at the ITS World Congress on Intelligent Transport Systems and Services held at the CCH Congress Center in Hamburg, northern Germany on Oct. 13, 2021.

Tech

'Metaverse' hype fuels booming digital property market

The idea of spending millions on non-existent land may sound ludicrous -- but feverish predictions of a virtual reality future are pushing investors to bet big on digital real estate.

4 years ago

Investment firm Prasetia Dwidharma CEO Arya Setiadharma

Executive Column premium

Executive Column: Angel investor says start-ups should ‘IPO while hot’

Angel investor and CEO of Prasetia Dwidharma, Arya Setiadharma, says start-ups now have access to more funding options, including to go public while the companies are "still hot".

4 years ago

Paper carrier: A customer counts money she has just withdrawn at Bank Bukopin in Jakarta on June 30. The banking industry has encouraged cashless transactions to help curb the spread of COVID-19.

Tech premium

Big banks sink teeth into P2P partnerships

In this mutually beneficial relationship, banks have the capital and P2P platforms have the market.

4 years ago

Vehicles are passing a billboard of GrabCar in a street in Denpasar, Bali, in June 2016.

Tech

Grab slumps in US debut after record SPAC deal

The backdoor listing on Nasdaq marks the high point for the nine-year-old Singapore company.

4 years ago

Traffic is jammed on Jl. Margonda Raya in Depok, West Java, on March 8, 2018. The satellite city to Jakarta is said to harbor tech investment potential.

Tech premium

Satellite cities ripe pickings for tech investment: Study

A study from Katadata shows that satellite cities offer tech start-ups similar opportunities to urban centers.

4 years ago

GajiGesa founders Vidit Agarwal (left) and Martyna Malinowska (center) pose for a photo with the company’s Indonesia general manager, Ade Yuandah Saragih.

Tech premium

GajiGesa secures $6.6m in series A funding

Employee management platform GajiGesa, which offers earned wage access (EWA) and other financial services, has received $6.6 million in funding from venture capital firms and strategic investors.

4 years ago

Tech premium

Aftech launches data protection ethics code highlighting user consent

The Indonesian Fintech Association (Aftech) has launched a code of ethics that holds its members responsible for protecting user data on their platforms so as to underpin trust in the digital economy.

4 years ago

Tech

Grab “lights up” Kupang and Jayapura, UI study reveals

Newly published research by the Social and Economic Research Institution at the University of Indonesia Economy and Business School (LPEM FEB UI) has revealed that the presence of Grab has boosted economic activity.

4 years ago

Investment technology makes up 24 percent of the total US$904 million in fintech funding in Indonesia so far this year.

Tech premium

Investment apps all the rage in Indonesia

Venture capital firms and other financiers have taken a keen interest in the industry lately, so much so that investment apps attracted almost a quarter of all fintech funding this year.

4 years ago

Tech

Highlights & lowlights: Mercedes-Benz A-Class Sedan puts driving safety first at all times

Bright lights, big city — an apt description of every metropolis imaginable, including capital city Jakarta.

4 years ago

Tech

Enjoyment for the whole family: How to travel in style and luxury for a safe getaway

After more than a year cooped up at home, it is only natural that people, especially families, would like a change of pace to break up the pandemic blues.

4 years ago

Executive Column premium

Executive Column: Ilham Habibie says open finance era is now

Ayoconnect’s newest commissioner, Ilham Habibie, says Indonesia is entering an era of open finance in which fintech services connect with one another.

4 years ago

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