The Business Times
Garage logo
UOB logoBEST DIGITAL NEWS START-UP, WAN-IFRA 2019 GOLD AWARD
ASEAN BUSINESS
·
SUBSCRIBERS

Inflation burst could hit Indonesian startups hard after era of fast growth

Benjamin Cher
Published Fri, Oct 7, 2022 · 05:50 AM

WHEN the Indonesian government hiked fuel prices by 30 per cent in September, it was a sign that inflation had well and truly landed in Indonesia, and could start to hurt both the average citizen and the country’s businesses.

Until the fuel price jump, Indonesians had been largely unaffected by roiled public markets and global geopolitical tensions. Home to a market size of over 270 million people, Indonesia has been a largely inward-facing economy, with its startups often not planning to expand outside of the country.

“The gas …

A NEWSLETTER FOR YOU
Monday, 3.30 pm
Garage

The hottest news on all things startup and tech to kickstart your week.

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Startups

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here