Facebook, Apple, Netflix and Google—the four horsemen of the digital economy—will get to play freely in the archipelago’s 260-million-strong consumer market, according to communications and information technology minister Rudiantara. The minister, who uses only one name, has no airy-fairy notions about national digital champions who’ll help keep Indonesian money at home. Those 400 jobs, plus the center, put Indonesia on the map whenever Apple chief executive officer Tim Cook makes a presentation. Government-controlled mining company PT Aneka Tambang Persero has a market value of $1.3 billion, compared with $17.2 billion for Freeport. Meanwhile, PT Telekomunikasi Indonesia is negotiating a partnership agreement with Netflix Inc., Reuters reported in April.

Source: Mint July 07, 2017 04:52 UTC