Indonesia

Indonesia embraces blockchain

When blockchain and cryptocurrency first made headlines, many saw them as disruptors to the current financial order. This is because transactions that involve cryptocurrencies remove the need for an intermediary - a role banks and other financial institutions have traditionally filled.Unlike banks and the current financial system, cryptocurrencies are backed by a system called blockchain. Blockchain is essentially a decentralised ledger, where every transaction is recorded.

23 August 2018
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Will Indonesia’s new anti-terrorism law be effective?

Indonesia was swept by a wave of terror attacks in May. Within one week, the country witnessed three attacks – most of which occurred in Indonesia’s second largest city, Surabaya. On 13 May, a family of suicide bombers attacked three churches in Central Surabaya. The incident was followed by another bombing in Sidoardjo.

21 August 2018
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Indonesia bets big on the 2018 Asian Games

For the next month, Indonesia will be hosting Asia’s biggest sporting event, the 2018 Asian Games. The multi-sport event is scheduled to be held from 18 August to 2 September. This is the first time the Asian games will be hosted in two cities, Jakarta and Palembang. This is also Indonesia’s first time hosting the games since 1962.

18 August 2018
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Indonesia: 73 and stronger

Indonesia celebrates 73 years of independence today as a vibrant and powerful country, thanks in no small part to ASEAN.“As the largest country in ASEAN, Indonesia has benefitted greatly from the peace, stability, and expectation for economic growth that ASEAN promoted in the region,” said Professor Hidetoshi Nishimura, President of Jakarta-based think tank, Economic Research Institute for ASEAN and East Asia (ERIA).ASEAN serves as a platform for discussion between leaders of member nations a

17 August 2018
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Indigenous people: The struggle for home

When the then Indonesian President, Susilo Bambang Yudhyono, was presented with two maps of the country’s primary forests by different government agencies at a cabinet meeting in December 2010 on ongoing REDD+ work, it became clear that the spatial data presented was conflicting.

14 August 2018
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Why did Jokowi pick cleric Ma’ruf Amin?

After several weeks of speculation, on 9 August, Indonesian President Joko Widodo finally announced 75-year-old Ma’ruf Amin as his running mate in the upcoming presidential elections. Jokowi officially announced Ma’ruf as his candidate for vice-president a day before political parties were required to shortlist names for the presidential race. Indonesia, the world’s third-largest democracy, is slated to hold its presidential elections in April next year.

14 August 2018
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Rupiah set for another rate hike

The coming week may prove to be a crucial one for the Indonesian rupiah.As Wednesday’s policy decision approaches, Bank Indonesia finds itself under pressure to raise the benchmark rate again even after increasing it by a combined 100 basis points since the middle of May to stem a slide in the currency.Rupiah headwinds have steadily increased in recent weeks and now include a current-account deficit threatening to widen, political uncertainty before next year’s presidential elections, rising

13 August 2018
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Jokowi to partner with cleric for election

Indonesian President Joko Widodo has picked Ma’ruf Amin, the head of the nation’s influential clerics’ council, as his running mate for next year’s election, setting the stage for a rerun of the 2014 race with former general Prabowo Subianto.Amin was chosen for his vast experience in religious and political affairs and the pair will file their nominations on Friday, Widodo, known as Jokowi, told reporters in Jakarta on Thursday.

10 August 2018
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Lombok quake: 164 dead, 156,000 homeless

The death toll from a powerful earthquake on the Indonesian island of Lombok rose above 160 on Thursday, as authorities appealed for food, clean water and medical help for some 156,000 people forced from their homes.

9 August 2018
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Jokowi's growth target remains a dream

For President Joko Widodo, the Indonesian economy is offering little cheer as he gears up to run for a second term.Growth is nowhere near the seven percent Widodo envisioned when he took office in 2014, and he has to once again contend with a currency rout and a widening current-account deficit.

6 August 2018
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Strong quake on Indonesia holiday island

A powerful earthquake which struck the Indonesian tourist island of Lombok on Sunday killed at least 14 people, injured scores and damaged thousands of homes, officials said. Five children were among those killed by the shallow 6.4-magnitude early-morning quake, which sent people running outside in panic and triggered landslides on popular mountain hiking routes. Scores of aftershocks sparked fear among survivors.

30 July 2018
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The Rise Of Indonesia’s Tech Start-up Scene

Indonesia’s strong economic growth in recent years has led to a flourishing digital economy. Over the past decade, Indonesia’s economy has been steadily growing at an annual growth rate of at least five percent and is forecasted to become the fourth largest economy in the world by 2050 if this trend continues. Along with economic growth comes a growing, tech-savvy middle class. The growing middle class in Indonesia is young and in touch with the latest trends and technologies.

25 July 2018
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