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Spirethoughts

Spire's six most recent Spirethoughts.

Productivity & Efficiency – the new WFH buzzwords
Will Smart Health & Safety products ride Covid-19’s coattails?
Will Smart Health & Safety products ride Covid-19’s coattails?
Awareness and adoption of Sustainable Smart Technology
Technology security and privacy concerns have become critical to consumers
Technology security and privacy concerns have become critical to consu...
Airlines caught in Covid turbulence
M&A during Covid-19

Indonesia focuses on R&D as a key economic driver


Indonesia has made strong commitments to focus on R&D and plans to increase investments to 3% of its GDP. Indonesia will also be providing tax incentives, trade incentives and technical assistance to private, state-owned companies and cooperatives that will allocate a percentage of their profits to research purposes.

The government is encouraging the advent of R&D projects to improve ICT infrastructure, further develop telecom-based internet protocol and digital-based multimedia broadcasting.

Under the “President’s Initiative 1 – 747”, the government has also decided to allocate 1% of GDP for research, as well as 0.2% of GDP for R&D in the education sector.

What is to be seen now is whether Indonesia can successfully collaborate with R&D firms and attract fund inflows to further boost its R&D sector.

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