Despite the global oil price increase, the government did not raise fuel and electricity prices. As a result, PLN and Pertamina have to bear the subsidies.
Singapore-based e-commerce company Shopee has reoriented its business in several countries, leading to layoffs. However, this condition does not occur in Indonesia.
Members of the DPR highlighted Telkomsel's investment in PT GoTo Gojek Tokopedia Tbk (GoTo) even though several global and local giants had previously invested in Gojek and Tokopedia, the forerunners of GoTo.
There are many potential startups in Indonesia. However, Telkomsel chose to invest in GoTo since it aligns with the company's long-term strategy and has strong potential for synergies.
Bukalapak made history as the first unicorn in Indonesia to issue shares on the Indonesia Stock Exchange. The company received fresh funds of Rp 21.9 trillion, the largest in an IPO on the domestic stock exchange.