Shopee plans to lay off workers in Indonesia in line with the deteriorating performance of Sea Group, which is its parent company.

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.

GoTo's share capitalization skyrocketed to become one of the largest on the Indonesia Stock Exchange.

Several technology startups are expanding by investing in the banking sector.

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.

J&T, which is engaged in logistics, is adding to the list of unicorn startups from Indonesia.

Many millennial generations have started to occupy important positions in several companies, both private and state-owned companies.