Indonesian tech news
December 2022 round-up
Indonesia’s technology news in December 2022 covered items including the government’s goals around electric vehicles, the central bank’s planned ‘digital rupiah’ CBDC, fresh produce-focused e-commerce and more. Hit the links below to read the articles in full, online.
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Lowy Institute: Asia Power Index, 2023 edition
- Indonesia: PaperID invoicing startup raises $12M with software-as-a-service platform providing a one-stop platform for creating invoices, and managing accounting and inventory
- Indonesia: “…gov’t aims to boost domestic use of electric vehicles to 2 million units in 2025, and…plans to offer an incentive of $484 for consumers to swap gas-guzzling motorbikes for electric ones.”
- A deep-dive into the problems with electric vehicles and their battery systems, focusing on the impact on Indonesia in nickel sector
- Indonesia: Central bank states that planned ‘digital rupiah’ can be used in future to buy products in the metaverse, allowing it to be “integrated, interconnected, and interoperable [with other CBDCs]”
“BI will roll out the digital rupiah in stages, starting from wholesale CBDC to development of the digital rupiah’s business model for monetary operations and money market, and eventually a retail CBDC for everyday use.”
- Indonesia: ‘Project Garuda – Navigating The Architecture Of Digital Rupiah’ white paper is available to download
- Indonesia: Bakool gains high-profile backing with group buying platform for fresh produce focused on Indonesia’s untapped tier 2 cities
- Muslims in the Metaverse: “New virtual products like ‘Kaaba glasses’ are raising thorny questions about so-called ‘metaworship'”
- Singapore’s Haulio digital haulier announces first overseas acquisition with controlling stake taken in Indonesia’s Logol, a logistics-focused platform
BDA Partners: SEA FinTech Investment Landscape
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