Daily Newsletter

Hello there ,

When I was younger, I had a huge piggy bank that was so full that it could no longer rattle. It even had a slit at the back for bigger notes to fit.

I was saving up to buy a set of Roald Dahl books, but my dreams were smashed when I discovered that my brother had secretly broken the piggy bank. Although we were only children, it broke my heart.

Today, a bunch of individual investors who put their savings into embattled Indonesian lender UangTeman are unsure whether they'll get their money back from the company.

UangTeman, which is currently winding down its operations, is no stranger to tough times, but it’s bracing for even tougher times ahead.

We’ll have to wait and see if ‌the company can solve its financial woes and do justice to its investors, who once believed in its potential.

THE BIG STORY

TRENDING NEWS

EVENTS HAPPENING

• *Event* [Workshop] How to protect your business from inflation on February 24th
  With global inflation rates being the highest they have been in decades, keeping profit margins healthy will be a challenge for startups.
  Join us on February 24 as Billy Naveed, the chief strategy officer at Smile Group, explains how startups should approach runway, burn, valuation, and fundraising in these times. Click here to reserve your seat.
• International Women's Day Luncheon 2022 on March 8th
  Each year, Tech in Asia celebrates #IWD to promote equal representation and opportunities for women in the tech industry. On 8 March, we are inviting startup leaders to join an interactive and engaging 3- course luncheon in Singapore, to uncover actionable ways they can #breakthebias.
  This is a small-group event, with Dione Song (CEO, Love, Bonito), Juliet Zhu (CFO, Carsome) as well as Tech in Asia’s COO Maria Li will be joining to share their experiences and stories. We will facilitate candid conversations on career, life and leadership, to help attendees make meaningful connections.
  Limited seats available. RSVP now!
• AWS SaaS Forum on March 8th
  Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.

WHO'S HIRING

You can post a job here or search for jobs here.

• Sr. Frontend Engineer at Topremit
  Medan, Sumatra, Indonesia
• Lead Business Analyst at PasarPolis
  Jakarta, Indonesia
• Marketing F&B at PT. YUKK Kreasi Indonesia
  Jakarta, Indonesia
• DevOps Engineer at TLab
  Yogyakarta, Indonesia
• iOS Engineer Associate at TIXid
  Jakarta, Indonesia
• MT City Growth - Sales Leadership Development Program (Medan Area) at Somethinc - Beautyhaul
  Medan, Sumatra, Indonesia