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Jakarta Post

Investors upbeat on start-ups despite global headwinds

  • Adrian Wail Akhlas

    The Jakarta Post

Jakarta   /   Tue, October 15 2019   /  12:26 am

Global venture capitalists remain upbeat about investing in Indonesian start-ups despite a rising fear that the global headwinds, caused by the escalating the trade war between the United States and China could hurt the country’s economy.Singapore-based Golden Gate Ventures founding partner Vinnie Lauria said she believed the growing world uncertainty would not hurt flows of global investments but could instead boost investment in Indonesia and other countries in Southeast Asia.“The Indonesian government is progressive on this issue as it has made it easier for foreign investment in digital sectors. There is nothing to fear because it is easier to do business now compared to a few years ago,” Lauria told The Jakarta Post in Jakarta on Tuesday.Lauria said the Indonesian digital market had great potential, and that the growth of the country’s young population and mobile internet ad...