Indonesia’s Corruption Eradication Commission, or KPK, must be really busy. Two State-Owned Enterprise President Directors became suspects of corruption through fictious projects. This is on top of a massive investigation into money laundering within tax and customs officials worth $23 billion. At this very moment, we may be witnessing the largest amount of money laundering being investigated in Indonesia. It does not help that since 2019, the amount of cases and suspects has seen steady growth year on year, from 580 suspects to 875, to almost 1,200 and almost 1,400 in 2022. Follow creator of The Overpost: https://www.instagram.com/leonhartono/ Business inquiries: CP: +62 889 0543 7633 (WA Only) Email: [email protected] The Overpost Global's mission is to simplify complex financial, business & economic topics into easily understandable bite-sized videos.

Softbank just sold 10% GoTo shares, reducing their stake from 103B shares to 92B shares, and GoTo’s share price tanked from 126 to 95. Does this mean investors have lost confidence in Gojek & Tokopedia? How does it compare to the other Indonesian eCommerce, Bukalapak and Blibli? These three companies have many similarities. They have a sizable eCommerce presence, and their market capitalization is over a billion dollars. Their IPO performances have not been encouraging, especially GoTo and Bukalapak, which, from their peak, have experienced a decline of 80%, understandably frustrating many of its retail investors. Follow creator of The Overpost: https://www.instagram.com/leonhartono/ Business inquiries: CP: +62 889 0543 7633 (WA Only) Email: [email protected] The Overpost Global's mission is to simplify complex financial, business & economic topics into easily understandable bite-sized videos.

With a GDP of $1.2 trillion, Indonesia’s GDP in 2022 is the 17th largest in the world. Just last year, Indonesia hosted G20, a group of countries with 85% of GDP, 75% of international trade, and two-thirds of the world’s population. Indonesia’s growth post-COVID is among the fastest - among the G20 countries, Indonesia’s growth ranked 3rd out of 19 countries. There is one particular problem - this growth should’ve been higher. One specific problem hindering Indonesia’s growth for the past decades is CORRUPTION. Follow creator of The Overpost: https://www.instagram.com/leonhartono/ Business inquiries: CP: +62 889 0543 7633 (WA Only) Email: [email protected] The Overpost Global's mission is to simplify complex financial, business & economic topics into easily understandable bite-sized videos.

Gojek & Tokopedia, or GoTo, is Indonesia’s version of Amazon and Uber. The company is a result of the merger of tech giants Gojek & Tokopedia. Gojek’s founder, Nadiem Makarim, became the youngest Indonesian Minister, and another Minister’s brother became the President Commissioner of GoTo. GoTo was hailed as Indonesia’s Decacorn, Indonesia’s pride. Through Tokopedia, GoTo takes pride in digitizing small businesses. Through Gojek, Goto sought to fill the missing gap of last-mile delivery and affordable transportation. Follow creator of The Overpost: https://www.instagram.com/leonhartono/ Business inquiries: CP: +62 889 0543 7633 (WA Only) Email: [email protected] The Overpost Global's mission is to simplify complex financial, business & economic topics into easily understandable bite-sized videos.

Finance was my favorite subject in college because we learned about money. There are various concepts to understand, such as “time value of money,” “discounted cash flow,” and “net present value.” But the method we will use to understand how we can earn our first million is the “future value of annuity” formula. Follow creator of The Overpost: https://www.instagram.com/leonhartono/ Business inquiries: CP: +62 889 0543 7633 (WA Only) Email: [email protected] The Overpost Global's mission is to simplify complex financial, business & economic topics into easily understandable bite-sized videos.