Tag: Indonesia
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Tech startups trying to fill tech gap
A worker refills a robotic dispenser by eFishery, an agritech startup, at a fish farm in Subang Regency in West Java, Indonesia, in June 2022. The startup helps farmers optimize their processes through automatic feeders and mobile apps. Dimas Ardian | Bloomberg | Getty Images Indonesia’s tech startups are reeling in big money in seafood…
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Indonesia’s Mt. Semeru volcano eruption buries homes, damages bridge
Smoke rises from Mount Semeru in Lumajang on December 5, 2022. Juni Kriswanto | AFP | Getty Images Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims after the highest volcano on Indonesia’s most densely populated island erupted, triggered by monsoon rains. Mount Semeru in Lumajang district in…
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Malaysia pledges to invest in Indonesia’s new capital
BOGOR, Indonesia (AP) — Malaysian Prime Minister Anwar Ibrahim said Monday his country would invest in the development of Indonesia’s new capital on Borneo island, which both nations share. Anwar made his first overseas trip to Jakarta since taking office in November, saying at least 10 Malaysian companies have committed to invest in Nusantara, the…
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VC firms will be pickier in 2023
Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. A total of $679.4 billion was invested globally in 2021. Malte Mueller | Fstop | Getty Images Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth…
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HRW Urge ASEAN Chair Indonesia to Pressure Myanmar on Violence
Bangkok, Thailand – Indonesia is under increasing pressure to use its new one-year role as chair of the Association of Southeast Asian Nations (ASEAN) to isolate Myanmar’s junta in a bid to end its bloody crackdown on pro-democracy opponents, analysts say. But experts say reaching a consensus among the regional bloc remains a challenge in…
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Ex-Stripe exec wants staying power over huge growth
GajiGesa’s Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. That gives workers much more liquidity and protects them from predatory lenders. GajiGesa Vidit Agrawal, co-founder of Indonesia-based startup GajiGesa, knows crazy growth is nice. But staying power is better. “Everyone is talking about profitability…