Indonesia’s startup ecosystem continues to face pressure from the prolonged global tech winter, prompting investors to prioritize profitability, strong founders, and sustainable business models over aggressive expansion. Angel investor Elisabeth Kurniawan says customer retention, operational discipline, and resilient leadership are becoming increasingly important as funding becomes more selective.
The highly anticipated Djakarta Ennichi 2026 Japanese cultural festival in Lapangan Banteng, Jakarta, was abruptly canceled just hours before opening due to technical and operational constraints.
The Jakarta Provincial Government has officially signed a cooperation agreement with Bank BTN to distribute House Acquisition Financing Facilities (FPPR). This strategic partnership aims to provide low-income residents with access to decent, sustainable housing with key benefits including a 0% down payment and a 5% fixed interest rate.
PT Hyundai Motor Manufacturing Indonesia (HMMI) teamed up with the Directorate General of Customs and Excise to train 109 suppliers on Free Trade Agreements, driving global competitiveness.
Indonesia’s largest herbal medicine producer, Sido Muncul, reported a 19% decline in first-quarter 2026 revenue due to distributor inventory adjustments. The company said consumer demand remains stable, while preparing six strategic initiatives ahead of its 75th anniversary, including export expansion to Saudi Arabia and China.
PT VKTR Teknologi Mobilitas Tbk has strengthened its leadership structure following its 2026 shareholders meetings, appointing prominent industry figures including Sharif Cicip Sutardjo and Ilham Habibie to accelerate innovation, governance, and Indonesia’s commercial electric vehicle ecosystem expansion.
PT HM Sampoerna Tbk. reported a stable net profit of Rp6.6 trillion in 2025 while maintaining a 30.7% market share amid ongoing pressure in Indonesia’s tobacco industry. The company also announced changes to its board of directors during its 2026 Annual General Meeting of Shareholders.
The Jakarta administration has temporarily suspended the Car Free Day program on HR Rasuna Said Street for further evaluation. The weekly event is scheduled to resume in June 2026 with improved traffic management and public facilities.
Jakarta Deputy Governor Rano Karno visited Cannes to study how the French city successfully built its economy through international events, film festivals, tourism, and the creative industry.
Hypefast started 2026 on a strong note, posting more than 300% YoY net income growth and nearly 250% YoY net cashflow growth in Q1 2026. The performance reinforces the company’s commitment to building a sustainable local brand ecosystem ahead of its planned IPO in 2027.
