Panelists pointed out that Indonesia had imported a lot of cell phones in the past year, whereas the cost of building a factory to produce the devices locally would be very small when compared with the total value of shipments coming to the country.

The government wants to mandate foreign publishers to establish local presence in the country. Failure to comply would lead local access to their video games blocked by the ministry.

In the event of another divestiture, its rival Grab and TikTok might show up as the potential buyers, Momentum Works said.

One of the focuses in managing business is taking care of employees. Maintaining collaboration, productivity, and ensuring their wellbeing is important so that business operations can run smoothly. To achieve this, technology can be a key factor that can help both business owners and workers to progress further.

The Asia Internet Coalition (AIC) warns countries will pay the ultimate price for ending the moratorium, while small and emerging enterprises will be weighed down by significant extra costs.

In 2018, Traveloka launched its Buy Now Pay Later (BNPL) service (the Traveloka PayLater), making it the first platform in Indonesia to offer an alternative payment method primarily for underbanked individuals. Traveloka PayLater is a product of PT Caturnusa Sejahtera Finance (CSF), a financing company that is part of Traveloka Group. Now 6 years later, the service has evolved into a core component of Traveloka’s value proposition. It has experienced an average annual growth rate of more than 30%, with a 20% increase in its BNPL user base this past year alone.

The Indonesia Fintech Lending Association (AFPI) has asserted that cooperation between fintech platforms and universities is “not prohibited” by the fintech regulation, provided there is “prudent and compliant credit due diligence”.

The Financial Services Authority (OJK) has tightened capital requirements for venture capital (VC) firms and now categorizes them based on whether they provide more equity or more debt funding.  

Cost is one of the major challenges poultry agritech start-ups are facing as they try to help smallholder farmers adopt their solutions for better efficiency in a volatile industry.

The collapse of the Singapore-based firm's TerraUSD and Luna wiped out around $40 billion in investments and caused wider losses in the global crypto market estimated at more than $400 billion.

The members of this group identify themselves as ethical hackers or white hat hackers, which implies the use of their hacking skills for good, rather than for malicious purposes.

Venture capital firms suggest a possible rebound of Indonesia’s tech sector could begin later this year, though the first half of 2024 will likely remain under the shadows of the 2023 decline marked by mass layoffs and business closures.

Pitchbook recorded a 50 percent increase of venture debt in Indonesia to US$109 million in 2023.

Indonesian fintech saw only US$765 million in funding last year, down from $1.6 billion in 2022, according to private data market research firm Tracxn.

Financiers agree 2024 will be about managing risks by prioritizing strong fundamentals, but while some investors expect a year of squeeze, others are looking beyond immediate financial returns.

Start-ups in agriculture, farming, fisheries and related industries are seen as potential targets for investment in 2024, according to Amvesindo.

Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it to build substitutive products without permission or payment," the lawsuit said.

Experts urged the government to focus on critical infrastructure legislation like the cybersecurity bill to prepare for binding AI rules.

China will on Friday conduct sea trials for its first ocean research drilling vessel, capable of drilling at depths of more than 10,000 meters, a key step toward beefing up the country's deep-sea oil and gas exploration capabilities.

BAKTI Kominfo announced on Friday that SATRIA-1 had successfully undergone a network trial, signaling nationwide connectivity readiness.

EU member states and lawmakers clinched a deal on Friday on how to draft "historic" rules regulating artificial intelligence models such as ChatGPT -- after 36 hours of negotiations.

Mandiri Capital Indonesia, a subsidiary of Bank Mandiri, will become the investment manager of the BTN Fund, with BTN as the sole investor.

The Communications and Information (ICT) Ministry said that the objective of the article is to maintain a level playing field in the country's digital realm.

The C919 made its maiden commercial flight in May and is key to Beijing's decades-long ambitions to compete with Western rivals in the air and cut down China's reliance on foreign technology.

Chinese super app TikTok has agreed to invest in a unit of tech giant GoTo and cooperate on an online shopping platform to save the Indonesian TikTok Shop.

Gravel cofounder and chairman Nicholas Sutardja says the fresh funds will be used to access new markets.

In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

That threat was made in response to Ottawa's Online News Act, which was due to come into force on December 19. Meta has also pushed back against the looming regulations.

The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds (ETFs).

The government has no intention of mirroring other nations' rules on how to put artificial intelligence in its place.