Bank Indonesia (BI) has again reaffirmed its resistance toward the use of bitcoin and other cryptocurrencies in Indonesia. In a recent press statement released in January 2018, BI has given a clear warning to the public not to use, buy or trade any forms of cryptocurrency, and has also displayed the risks of virtual currency transactions.
INDONESIA – a developing country with so much potential for economic growth in all industries. To uncover and leverage the full potential, Indonesian government are calling out strategic investments from domestic and foreign investors. Such action is strengthened by partnering with various countries, where mutual business interests and prospective cooperation are met.
The debate regarding the use of artificial intelligence in our modern life continues to divide opinions. In one hand, many believe that automation through artificial intelligence may increase productivity and competitiveness in the business industry. In the other hand, the use of artificial intelligence also raises concerns as it elevates the risk of cutting-off more conventional jobs and skepticism towards artificial intelligence to self-learn beyond our control, becoming competent with goals misaligned with ours.
The government has set an ambitious target to increase its renewable portion in the country’s energy mix to 23 percent by 2025 from about 12 percent at present.
Throughout this year alone, the state power monopoly PT Perusahaan Listrik Negara (Persero) (PLN) has signed over 55 power purchase agreements (PPAs) for renewable energy . Energy and Mineral Resources Minister also recently announced that the government would not approve any new coal-fired power plants on the heavily populated island of Java.
With the advancement of technology, we are facing rapid innovations and novelty in digital breakthrough. This progress has caused many sectors to change their business operation, especially the legal industry which relies on paper to execute contracts. With the rise of paperless era, smart contract has been given a roll of red carpet for its admission. In September 2016, there were approximately 123.376 smart contracts deployed online on the public blockchain platform. While today, more than a million smart contracts were created and used all around the world.
Since his election as the president, Joko “Jokowi” Widodo has for many times pledged to promote Indonesia as an investment haven for domestic and foreign investors.
An increase in new investment is necessary in order to help Jokowi’s administration to accomplish one of his main “Nawa Cita” (Nine Aspirations) mission: to build and strengthen national infrastructure for the sake of equal distribution of accelerated inter-regional development.