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View all search resultsThe Creative Economy Agency (Bekraf) will channel Rp 4.5 billion (US$320,613) in grants to 62 creative economy businesses so they can boost productivity as the share of the creative economy's contribution to gross domestic product (GDP) continues to increase.
The site, located in Melawai, Kebayoran Baru in South Jakarta, will have a new purpose to revive the area’s past glory as a lifestyle center as projects are underway to transform it into a new creative space.
Indonesia is the 17th biggest gaming market worldwide with estimated revenue of US$1.1 billion as of January, according to gaming market research firm Newzoo. It is the largest in this category in Southeast Asia, followed by Thailand with $667 million, Malaysia with $633 million and Vietnam with $472 million.
The Creative Economy Agency (Bekraf) has spent more than Rp 40 billion (US$2.8 million) over the past three years to build a local food startup ecosystem and it says the investment is paying off as more businesses are entering the system, including the latest addition of Accelerice, a private startup training center.
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