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Indonesia's Ministry of Communication and Digital is collaborating with Amazon Kuiper to enhance internet access in remote 3T areas. Minister Meutya Hafid highlighted the importance of satellite technology for bridging digital gaps, while Amazon Kuiper seeks necessary operational licenses to support Indonesia's digital transformation. This partnership aims to improve the digital ecosystem, benefiting small businesses and enhancing services in government, health, and education, potentially transforming the lives of millions.
U.S. Rep. Harriet Hageman addressed concerns over the Trump administration's DOGE initiative, which has led to significant cuts in federal jobs and programs in Wyoming. While she acknowledged some positive aspects of federal aid, she emphasized the need for local decision-making and expressed support for federal workers. Other state leaders, including Senators John Barrasso and Cynthia Lummis, have varied in their responses, with some praising the downsizing while recognizing the hardships it may cause in local communities.
Indonesia is facing a significant economic crisis, highlighted by a 20.2% increase in mass layoffs across various sectors, resulting in 78,000 job losses in 2024 alone. The manufacturing sector, once a cornerstone of the economy, has seen its contribution to GDP plummet from 32% in 2002 to just 18% in 2024, signaling a troubling trend of premature deindustrialization. Analysts urge the government to implement swift fiscal and monetary incentives to combat the economic downturn.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
Peak XV, spun off from Sequoia Capital in June 2023, faces scrutiny after senior leaders departed and fund sizes were cut. Despite this, many executives left to pursue new ventures with Peak XV's support, indicating amicable exits. The firm is shifting focus to the US and investing in companies targeting global markets, particularly in AI, while scaling back in Southeast Asia.
Peak XV, spun off from Sequoia Capital in June 2023, faces scrutiny after senior leaders exited and fund sizes were cut. Despite this, many departing executives received funding from the firm, suggesting amicable departures. The VC is now focusing on the US market and investing in companies targeting global markets, particularly in AI.
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
Apple's iPhone 16 lineup, including the iPhone 16, 16 Plus, 16 Pro, 16 Pro Max, and 16e, has received approval for sale in Indonesia from the Ministry of Communication and Digital and the Ministry of Industry. The devices, imported from China, also obtained Domestic Component Level certification. As part of the approval, Apple plans to invest in Indonesia by establishing a local software research center, aligning with an innovation investment scheme for 2025–2028.
Apple's iPhone 16 lineup, including the iPhone 16, 16 Plus, 16 Pro, 16 Pro Max, and 16e, has received approval for sale in Indonesia from the Ministry of Communication and Digital and the Ministry of Industry. The devices, imported from China, also obtained Domestic Component Level certification. As part of the approval, Apple plans to invest in Indonesia by establishing a local software research center, aligning with an innovation investment scheme for 2025–2028.
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Indonesia partners with Amazon Kuiper to enhance internet access in remote areas
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