Technology is giving smaller companies in Indonesia ‘virtual scale’ needed to compete
Ninety-eight percent of small and medium-sized businesses doing cross-border trade in Indonesia are focusing on global growth and expect export revenues to grow over the next few years, according to research by online freight service Shipa Freight.
Shipa Freight’s global...
It has been recently announced that Bank Central Asia (BCA), one of Indonesia’s most valued listed lenders, has partnered with Mitrausaha Indonesia Grup, the company behind digital peer-to-peer lending Modalku, to penetrate deep into the underserved SME market in the country.
Under this new partnership, the BCA will disburse business...
A new report released today by The Economist Intelligence Unit (The EIU) finds that fast paced urbanisation and strong growth prospects in the Association of South-East Asian Nations (ASEAN) region will quadruple its urban middle-class households (earning over US$10,000 per year) from 38 million in 2015 to 161 million by...
Indonesian’s SMEs could potentially contribute an additional US$164 billion to the country’s GDP in 2024 if they are able to become more digitally mature, stated a recent study.
According to the 2020 Asia Pacific Small Medium Business Digital Maturity Study by technology company Cisco and International Data Corporation (IDC), digitally...
Venture capital firm Wavemaker Partners today announced that it is in the process of finalising a new US$50M fund, its second for Southeast Asia and fifth overall. Wavemaker Partners has built a successful track record in Southeast Asia with 5 exits in the last 2 years including Luxola (acquired...
Chief economist of state lender Bank Mandiri Andry Asmoro has estimated the national economy to grow by 5.14 percent in 2020, spurred by consumption and investment. "We expect the Indonesian economy to grow by 5.14 percent in 2020 supported by maintained household consumption growth and improved gross fixed capital...
