Indonesia: Prabowo on Western "Double Standards", Jakarta City Master Plan & Microsoft $1.7B Investment with Gita Sjahrir - E422

BRAVE Southeast Asia Tech: Singapore, Indonesia, Vietnam, Philippines, Thailand & Malaysia Startups, Founders and Venture Capital VC

Gita Sjahrir, Head of Investment at BNI Ventures, and Jeremy Au, talked about three main themes:

1. Jakarta City Master Plan: Gita highlighted Jakarta's urgent urban planning needs to address rising sea levels, land subsidence, air pollution, traffic congestion, sanitation upgrades and education requirements. Miscommunications, fragmented stakeholders and the recurring blame game in political discourse have contributed to this impasse. They discussed the new Jakarta Agglomeration Area Council, led by Indonesia’s incoming Vice President Gibran Rakabuming Raka (Joko Widodo's son), which aims to coordinate two governors, four mayors and four regents to create a new master plan for 6,700-square-kilometers.

2. Prabowo on Western "Double Standards": Jeremy and Gita discussed Prabowo's strongly-worded The Economist op-ed which said that the West had "double standards" on Gaza and Eastern Europe and that valuing the lives of civilians in Palestine less than in Ukraine is morally indefensible. Prabowo has long advocated for cease-fires in both countries, signaling a more public foreign policy than the outgoing President Joko Widodo - while maintaining continuity on domestic and economic policy. Gita noted that Indonesia's population size and economic growth strengthen its voice in international affairs, vs. other ASEAN neighbors that have voted similarly for peace deals in both conflicts.

3. Microsoft $1.7B Investment: Jeremy and Gita discussed Microsoft's $1.7 billion investment to enhance Indonesia's digital infrastructure and workforce capabilities. This investment highlights Indonesia's potential to become a key player in the global tech market. They also addressed the challenges of brain drain and debated on dual citizenship as a solution to retain talent by allowing Indonesians to work abroad while maintaining ties to their home country, in contrast to Singapore's immigration policy. They emphasized the importance of upskilling and continuous education to keep the talent pool relevant and competitive,

Jeremy and Gita also talked about the similarities in urban planning in Jakarta vs. San Francisco, the debate on national security concerns related to dual citizenship, and the impact of political stabilization and economic continuity post-election.

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