While the central government is pushing for the development of an electric vehicle (EV) industry in the country, Jakarta Governor Anies Baswedan says his administration is not promoting the usage of electric cars.

The government is planning auction segments of the 2.1 GHz radio frequency band in a move that may hasten 5G network development as the country strives to cultivate a more technological economy.

"Any new product will be complementary to our existing ads business," the spokesperson told Reuters in an emailed statement.

The event is conclusive proof of Indonesian e-sports development, as it provides opportunities for the younger generation to self-actualize and make careers out of gaming.

In under two years, PIX has become the most popular form of payment in Brazil, surpassing credit and debit cards -- the first time a government-run alternative to plastic has been successfully implemented in Latin America.

State-controlled venture capital outfit the Merah Putih Fund has received an operating permit from the Financial Services Authority (OJK) and is looking to collect Rp 4.44 trillion in the first quarter of 2023.

The suspected data breaches from PLN and IndiHome, involving a huge chunk of private data getting sold and distributed on an online forum, shed light on how much Indonesia needs the new PDP bill.

The Communications and Information Ministry has said it would stick to its deadline for the analog switch-off (ASO) program, ensuring that the national transition from analog to digital television would be conducted by Nov. 2 this year. 

Demand for smartphones in Indonesia is projected to drop in the second half of this year, extending a decline seen in the second quarter.

A burgeoning financing mechanism gives retail investors easy access to small businesses, with all the risks and benefits that entails.

Indonesia had previously wooed Tesla for investment in its nickel industry, looking to produce and supply batteries for its EVs. 

Scheduled to be held from Aug. 24-28 in Cologne, Germany, Gamescom is one of the biggest gaming events worldwide, in which game developers and investors can meet each other to make transactions; Indonesia is sending 13 delegations to the event.

Apple's Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of Apple Watch and MacBook in Northern Vietnam, the report added. 

Indonesia’s start-up ecosystem has caught the eye of potential Israeli investors, even though the two nations do not have official diplomatic relations.

Apple Inc  supplier, Foxconn,  gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.

The enactment of the law, which includes $39 billion in manufacturing incentives, also comes as the United States is accelerating cooperation with Japan, a key security ally, to build resilient semiconductor supply chains that rely less on potential adversaries.

"User reports indicate Google Maps is having problems since 9:36 PM EDT (0136 GMT)," Downdetector tweeted.

The crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token payment services, for which it received in principle approval in March. 

Live commerce has transformed into a lucrative industry in the Indonesian and overall Southeast Asian digital ecosystem, especially after seeing how China managed to scale up the system into one of its strongest sales campaigns.

The telecoms firm that has turned into an investment behemoth posted a net loss of 3.16 trillion yen, nose-diving from a net profit of 761.5 billion yen in the same April-June period the previous year.

Disruption caused by the government’s recent blocking of PayPal highlights the significance of international payment gateways for Indonesian businesses and consumers amid limited options for cross-border transfers.

Consumers worry about inflation and fear potential recession, causing them to halt their spending on new gadgets.  

The Indonesian government had blocked PayPal's website on Saturday because of its failure to comply to licensing rules, but access to the website was temporarily opened starting Sunday to allow customers to transfer funds.

As Southeast Asian fintechs expand across borders to tap into the region's enormous growth potential, an industry insider has cautioned that “the grass is almost never greener on the other side”.

The latest buzz in Traveloka's IPO plans is that the homegrown travel and lifestyle start-up has reportedly secured a multimillion-dollar deal with Thailand's state-owned energy and retail giant.

Bukalapak announced on Monday that it had achieved a net profit of Rp 8.5 trillion in the first half of 2022, thanks to its investment in Allo Bank.

Those charged included the four founders of the scheme named Forsage. They were last known to be living in Russia, the Republic of Georgia, and Indonesia, the SEC said in a statement.

The Communication and Information Technology Ministry on Saturday blocked PayPal, search engine website Yahoo, and several gaming services due to failures to meet a deadline under licensing rules.

Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius.

A Singapore-based property technology (proptech) start-up, 99 Group, has secured US$52 million of Series C funding and plans to use the fresh funds to get a stronger foothold in Indonesia and Singapore as well as expand to new markets in the region.