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NEWS UPDATES Asean Affairs     23 June  2016  

Sinar Mas to build Indonesian version of Silicon Valley

Indonesia is to have its own version of Sillicon Valley, with property developer Sinar Mas Land building the first integrated smart digital city in Indonesia for startup companies, technology leaders and digital communities.

The company’s CEO, Michael Widjaja, said construction would start in 2017 on a 25.86-hectare plot of land in BSD City, South Tangerang.  It has allocated Rp 2 trillion (US$151 million) in cash to develop the digital hub.

“It’s our dream to build this place, an equivalent to Silicon Valley in the US. We are not only inviting the companies there but we want to build a self-sustaining community,” he said in Jakarta on Tuesday.

The project, he continued, will be finished in 10 to 15 years. “The digital hub aims to reach all startups in Indonesia,” he said, adding that it was also targeting research centers, institutions and educational institutions that have schools of technology and sciences.

Currently, three start-up companies have already reached cooperation agreements with Sinar Mas to build facilities in the ambitious real estate project, namely Sale Stock, Orami and Ev Hive.

Sinar Mas Land is controlled by conglomerate group Sinarmas, which also has a publicly listed property subsidiary with the largest land bank in Indonesia, named Bumi Serpong Damai.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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