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1. The Fintech Landscape 1.1 Please describe the types of fintech businesses that are active in your jurisdiction and the state of the development of the market, including in response to the COVID-19 pandemic and ESG (Environmental, Social and Governance) objectives. Are there any notable fintech innovation trends of the past year within particular sub-sectors (e.g. payments, asset management, peer-to-peer lending or investment, insurance and blockchain applications)? In general, the COVID-19 pandemic contributed to a significant increase in the number of fintech users and boosted the activity and success of fintech businesses in Indonesia, including those in the following sub-sectors:…
July 11, 2024Hacker newsCompliance / Identity Management Today, all organizations, regardless of their scale, are at risk of cyber-intrusions. Historically, large companies have often been targeted due to their significant resources, sensitive data and regulatory responsibilities, while smaller organizations have often underestimated their attractiveness to hackers. However, this assumption is unreliable, as cybercriminals often exploit perceived vulnerabilities in small firms for expedient profits. Small and medium-sized organizations often lack the resources and expertise for a reliable privileged identity management. However, they increasingly require PAM solutions. Fortunately, the market now offers many sellers who specialize in these needs. Recognizing the demand…
Microsoft Chairman and CEO Satya Nadella (L) meets Indonesian President Joko Widodo on April 30, … [+] 2024 in Jakarta.Photo by the Indonesia’s President’s Secretariat Microsoft will invest $1.7 billion over the next four years to build cloud computing and artificial intelligence infrastructure in Indonesia, CEO Satya Nadella announced Tuesday after meeting Indonesian President Joko Widodo in Jakarta. The investment will be Microsoft’s single biggest investment in Indonesia as the U.S. software giant bets Southeast Asia’s most populous nation will boost growth. “This new generation of AI is reshaping how people live and work everywhere, including in Indonesia,” Nadella said…
Indonesian police and military personnel last week forced the cancellation of a public workshop on financial compensation for victims of the country’s 1965-1966 mass killings. Security forces “interrogated and intimidated” workshop organizers, claiming they lacked a permit. The strong-arm reaction reflects a tenacious, decades-long official taboo on public discussions of the massacre as part of efforts by successive governments to absolve those responsible. That’s because in October 1965, the government gave free rein to soldiers and local militias to kill anyone they considered a “communist.” Over the next few months, at least 500,000 people were killed (the total may be…
Support trulyindependent journalismFind out moreCloseOur mission is to deliver unbiased, fact-based reporting that holds power to account and exposes the truth.Whether $5 or $50, every contribution counts.Support us to deliver journalism without an agenda.Millions of Indonesians are packing bus and train stations, airports and highways as they head to hometowns to celebrate Thursday’s Eid al-Fitr festival with family. The Transportation Ministry expects the largest movement of people in Indonesia’s history. The agency is projecting the number of travelers heading home could reach 193 million, or nearly 72% of the population — up from 124 million, or 46%, last year. Indonesia…
Microsoft Corp. will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia’s biggest economy to spur growth.Chief Executive Officer Satya Nadella announced the outlay, to be made over four years, after meeting with President Joko Widodo in Jakarta on Tuesday. The company also pledged to help train 2.5 million people in Southeast Asia with AI skills, including 840,000 in Indonesia. Source link
Indonesia’s authorities are rolling out drones and facial recognition technology as security gets tightened for the Group of 20 Summit next week in Bali. The police and military will deploy about 14,000 personnel after they were trained on using facial recognition software and also took part in metaverse tactical simulations. The navy is preparing 12 warships as well as drones to patrol the shores of Nusa Dua, an upmarket area in Bali’s southern coast where the meeting will be held. Source link
That Indonesia has beautiful beaches is no secret. But a few of them offer even more: some of the most varied coral life in the world, a taste of local cultures and practices and a sense of stillness not found on more mainstream beaches. Getting to them might mean traveling a considerable distance, but once there, they pay back in spades. Explore the underwater world in the nutrient-rich waters around Misool in Raja Ampat © jokoleo / Getty Images1. Misool, Raja Ampat, Southwest Papua Best beach for snorkelers and divers While the beaches in Misool promise white sands, green palms…
A Southeast Asian LGBTQ event set to be held in Indonesia next week has been cancelled and relocated after a series of security threats, organisers said in a statement.Homosexuality is legal everywhere in Indonesia except in conservative Aceh province, which adheres to strict Islamic laws, but gay couples often face discrimination in the world’s most populous Muslim-majority country.Asean Queer Advocacy Week was set to be held in the capital Jakarta from July 17 to 21, bringing together LGBTQ activists from around the region to connect and discuss challenges to the community.“The organisers of the Asean Queer Advocacy Week decided to…
Credit: Rome Reports The Vatican has confirmed that Pope Francis will travel to Indonesia from 3-6 September this year. The tour is part of a broader regional trip to Papua New Guinea and Timor-Leste lasting about 10 days. The Archbishop of Jakarta, Cardinal Ignatius Suharyo Hardjoamodjo, and the president of the Indonesian Catholic Bishops’ Conference confirmed the reports that have been circulating for weeks. The trip to the country’s capital city of Jakarta had originally been planned for 2022 when the outgoing president invited the pope. But the visit was postponed due to COVID restrictions. The announcement has created excitement…