Jakarta’s Economic Paradox: The Lipstick Effect and the Rise of the Experience Economy As Indonesia enters 2025, the nation’s economy continues too grapple with decreased purchasing power, mass layoffs, and a shrinking middle class. Yet, amidst these challenges, a curious phenomenon has emerged: entertainment venues are bustling with visitors during long holidays like Isra Mikraj … Read more
Indonesia Loses Nvidia’s $200 Million AI Center too Vietnam: A Deep Dive into the Investment Battle Indonesia’s struggle to attract foreign investment has once again come to the forefront,as the country lost a high-stakes competition with Vietnam to secure a $200 million artificial intelligence (AI) research and advancement center from Nvidia Corporation. The US-based tech … Read more
Indonesia Loses Ground to Vietnam in the Battle for Foreign Investors Vietnam has emerged as a formidable rival to Indonesia in the race to attract foreign investors, with recent losses highlighting the challenges faced by Southeast Asia’s largest economy. From tech giants to automotive manufacturers, Vietnam has consistently outshone Indonesia, raising questions about the latter’s … Read more