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View all search resultsThe story of the Bandung Creative Hub serves as a warning for the central government as it seeks to develop such hubs in other parts of the country, as budgetary and governance issues still loom large.
The shift to reintegrate the management of the two fields when they were previously separated under two bodies in the previous Cabinet — namely the Tourism Ministry and the Creative Economy Agency (Bekraf) — raises questions about the possible outcomes of the reintegration.
In the case of Indonesia's Industry 4.0, the use of start-ups and creative economy terminology are commonly misused interchangeably, whereas the two have very distinct natures in terms of basic concepts, business model and even purpose.
The 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.
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