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NEWS UPDATES Asean Affairs        25  April 2011

Indonesian Internet users should attract investors

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Indonesia’s large population and growing Internet use will draw tech entrepreneurs to expand their business here, an investment manager says.

James Chan, a Singapore-based investment manager at Neoteny Labs, said Indonesia showed similar patterns in its Internet-based business development as two other large Asian markets, China and India.

For Singapore-based tech entrepreneurs, he said, Indonesia is the most sensible choice as it is the largest Southeast Asian country with a large user base for its national language. Singapore, on the other hand, has a small population and a mature market.

“Outside of the Silicon Valley in the US, every other country is still figuring out how to build their Internet start-up ecosystems,” Chan told the Jakarta Globe on Sunday.

Neoteny Labs is a venture capital group that provides seed funding for potential Web start-ups in Asia and the Middle East.

Reports from global consulting companies and Facebook, one of the world’s most popular social networking sites, echoed Chan’s view on the prospects of Internet-based businesses in Indonesia.

A Boston Consulting Group report in September 2010 showed Indonesians were among the world’s most avid users of social networking sites. More than 31 million of the country’s 238 million people use the Internet, a figure expected to increase to 94 million by 2015, it said.

According to Facebook data, Indonesia is the second-largest market for the company with more than 35 million active accounts, about 5.6 percent of total Facebook members.

International social media monitoring agency Sysomos reported in January that Indonesia was the sixth-largest Twitter user in the world and the largest user in Asia.


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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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