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Indonesia: January 2025

Project Garuda, Indonesia CBDC

Indonesia: Project Garuda, central bank digital currency (pdf link)

  • Indonesia Battery Corp looks to Japanese and South Korean partnerships, alongside raw material suppliers in Australia and South America, in response to US China-related tariff concerns / full item
  • Indonesia: Banyu seaweed firm secures $1.25M with tech-enabled platform helping communities and small farmers, further bolstering Indonesia as the world’s largest tropical seaweed supplier / full item
  • Indonesia: Anti-monopoly watchdog, KPPU, imposed a fine of $13.1M on Google LLC, ordering the tech giant to cease mandatory use of Google Play Billing System / full item
  • Indonesia launches IDXCarbon carbon exchange, trading 40,000 tons of carbon dioxide equivalent – CO2e – on the first day / full item

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  • Indonesia: New President plans to spend near $3BN through 2029 on continued construction of new capital city, Nusantara, aiming to relocate government there by 2028 / full item
  • Indonesia: China’s BYD EV giant targets completion of $1BN plant in Indonesia by year-end, looking at annual production of 150,000 EV units / full item
  • Indonesia: MAKA Motors EV firm launches its first locally-designed e-motorcycle, MAKA Cavalry, building on one of SE Asia’s largest seed rounds for a hardware startup / full item
  • Indonesia is preparing regulations to establish a minimum age for social media users, in a similar move to that recently taken in Australia / full item
  • Asosiasi Startup for Industry Indonesia (STARFINDO) inks MOU with global tech provider, Arrow Electronics, to lift Indonesian startup access to electronics and engineering expertise / full item
  • Indonesia maintains iPhone 16 sales ban despite Apple agreement to build a $1BN manufacturing facility, basing decision on requirement that products must be at least 40% locally-made / full item

“…Indonesia’s collaboration with Amazon Web Services (AWS) is part of an effort to make the nation a center for digital transformation in ASEAN.” / full item

  • Indonesia: Asian Development Bank and Climate Finance Partnership of Australia have each US$5M loan to PT TBS Energi Utama Tbk to boost e-motorcycle adoption / full item
  • Indonesia: Bukalapak e-commerce major is to end sales of physical goods, instead selling virtual products like mobile credits and electricity tokens, in response to fierce competition / full item
  • Indonesia: Taiwan Mobile and partners invested $3M in Indonesia’s Soul Parking, the country’s largest parking technology company / full item
  • Thailand’s Techsauce media platform and Indonesia’s KUMPUL startup platform ink MOU to ‘foster cross-border startup collaboration and global innovation’, outlining 7 key activities / full item
  • SEA’s cyber headaches: Malaysia emerged as the most targeted nation in Southeast Asia with 19,615,255 web-based threats… Indonesia was the second most affected, recording 3,204,294 threats. / full item

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