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NEWS UPDATES Asean Affairs   February 1, 2018  









Indonesia records $4.8 billion investment in digital economy

The Investment Coordinating Board (BKPM) recorded foreign investment of US$4.8 billion in the digital economy last year.

“The realization, however, may take place over several years,” said BPKM head Thomas  Lembong during a press conference in Jakarta on Tuesday as reported by kontan.co.id.

The figure indicates an annual growth of 30 to 50 percent in start-up firms, he added.

He said start-ups had become the target of foreign investment.

Thomas further said total foreign investment reached Rp 692.8 trillion ($51.75 billion), last year, higher than the target of Rp 678.8 trillion stated in the 2017 state budget.

He said the figure excluded investment in the digital economy as the BKPM had yet to determine the types of businesses that could be included in the digital economy category.

 “Is Go-Jek a portal or transportation firm? We will work on this over the next three years,” he added.  “Maybe only 10 percent of [the investment in the digital economy] is included in the total foreign investment.”

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ASEAN  ANALYSIS

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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