The Business Times

R Bayu Perdana

Prosecutors have alleged that Nadiem Makarim received over Rp809 billion (approximately US$48.5 million) and that the procurement caused Rp2.18 trillion (US$130 million) in state losses related to the procurement of Chromebooks.

Rethinking corruption eradication in Indonesia

The promise of a clean government will remain elusive unless it breaks the cycle of prosecution and pardon

In April, co-founder and chief executive officer Gibran Huzaifah admitted to systematically manipulating eFishery’s financial reports since 2018 to attract investors and “survive” a cash crunch.

Lesson from eFishery’s fraud: A wake-up call for Indonesia’s startup ecosystem

This scandal underscores that good governance and transparency are essential – not optional – for country’s startup ecosystem, and key reforms are...

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