Philippine, Vietnam investors say ‘shake ‘em off’ to taxes and tariffs in 2025

SOUTH-EAST Asia’s startup scene is bound for a shake-up.

Last week, the bombshell news that eFishery – the Jakarta-based unicorn and startup darling – is undergoing an investigation due to alleged financial irregularities has the industry wondering what is next for the region’s largest market.

The news came as Indonesian consumer startup brands adapt to a new economic reality at home: a dwindling middle class that is squeezing their margins.