Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(8)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. Experts have pointed out that the ASEAN's remarkable performance has been greatly attributed to its economic cooperation and integration initiatives picking up steam over the last two decades. 

In this context, taking a brief look at how the ASEAN economic integration has been developed and eventually led to the establishment of the AEC would be meaningful.

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(6)

Global eyes on startup fever in Indonesia

A growing number of venture capitals and startup incubators sense exceptional business opportunities of Indonesia especially in terms of the market size. In fact, as the world's biggest archipelago with 17,000 or so islands, Indonesia has little choices but to rely upon online or mobile platforms to have more people advantaged from the convenience and efficiency of the digital economy. 

In this regard, it is no wonder that Indonesia has been through hottest startup craze in Southeast Asia over the last decade.

Expansion of Mobility Services and Its Impact on the Development of a Cashless Society in Indonesia(8)

Global eyes on startup fever in Indonesia

In this regard, it is no wonder that Indonesia has been through hottest startup craze in Southeast Asia over the last decade. Starting from the e-commerce field followed by sectors like the co-working space, the mobility and the fintech services, young and ambitious startups have been playing crucial roles in taking initiatives to bring digital technology into designing customized solutions in a local context. 

As Bari Arijono stressed throughout his book, 'Indonesia Digital Nation', digital transformation has been widely undergoing all over major industries in Indonesia.

Global eyes on startup fever in Indonesia(3)

Global eyes on startup fever in Indonesia

A growing number of venture capitals and startup incubators sense exceptional business opportunities of Indonesia especially in terms of the market size. In fact, as the world's biggest archipelago with 17,000 or so islands, Indonesia has little choices but to rely upon online or mobile platforms to have more people advantaged from the convenience and efficiency of the digital economy. 

In this regard, it is no wonder that Indonesia has been through hottest startup craze in Southeast Asia over the last decade.