Tag: INDONESIA
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Sritex Pursues Investors to Lease Assets and Rehire Laid-off Workers
PT Sri Rejeki Isman (Sritex) is in negotiations with potential investors to lease assets and potentially rehire laid-off employees. The company declared bankruptcy due to substantial debts and ceased operations on March 1. Curator Nurma Sadikin emphasized that discussions are ongoing, with a decision expected within weeks. The embattled textile company PT Sri Rejeki Isman,…
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Impact of eFishery Scandal on Southeast Asia’s Startup Ecosystem
The Indonesian agritech startup eFishery is under investigation for alleged financial misconduct, further straining the already fragile Southeast Asian startup ecosystem. As investor confidence wanes following the revelation of inflated revenues and losses, the region faces a challenging funding landscape. However, experts suggest that the scandal might lead to improved governance and greater diligence among…
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Closing the Funding Gap for Women Entrepreneurs in Indonesia
Research reveals that women entrepreneurs in Indonesia face a notable funding gap, receiving only 2.8% of venture capital despite outperforming their male counterparts. This disparity is attributed to various challenges, including a lack of awareness regarding funding options and gender bias in investor evaluation. Addressing these barriers through targeted initiatives and increased support can unlock…
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DeepSeek Mobilizes Young Talent to Compete with US AI Leaders
DeepSeek, a Chinese AI startup founded in 2023, emphasizes recruitment of youthful talent to challenge U.S. technology leaders. The launch of its DeepSeek V3 language model marks a significant milestone, aiming to compete against companies like OpenAI and Meta, despite fewer resources. With a dedicated team of 150 researchers and engineers, the firm strives for…
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Apple’s $1 Billion Investment: A Short-Lived Victory for Indonesia
Indonesia has secured a $1 billion investment commitment from Apple to lift a sales ban on iPhone 16s, but experts warn this may be a fleeting achievement. The country’s stringent domestic content requirements could alienate potential investors, especially as neighbors like Vietnam provide more favorable conditions. Despite the hype, Indonesia’s protectionist policies may hinder its…
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Building Resilient Banks in a Digital Era: Strategies for Success
The article delineates the pressing need for banks to integrate resilience into their operational frameworks amidst increasing technological failures. It outlines six foundational elements for enhancing resilience, emphasizing strategic alignment, critical service prioritization, organizational preparedness, automation, monitoring, and robust infrastructure. The discussion underscores the balance banks must achieve between innovation and reliability to meet customer…