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Technology

Indonesia to digitalize state-owned enterprises for competitiveness

Telkom, BRI and Mandiri's venture capitals to invest in startups as project

Indonesia is looking to Bank Mandiri, whose securities unit's trading floor is pictured here, and others to help state-onwed companies become more digital by investing in tech startups.    © Reuters

JAKARTA -- The Indonesian government is planning a big push to digitalize its state-owned enterprises, hoping to make them more efficient and to give a lift to startups by offering them venture capital through such SOEs and banks.

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