### Daily Briefing: Latest Developments in Indonesian Technology Companies and Startups – Indonesia Focus

#### 1. Main Headline/Development
Political unrest in Indonesia triggers market selloff, denting investor confidence in tech startups and companies.

#### 2. Key Facts and Context
– Violent protests erupted nationwide on September 1, 2025, sparked by public outrage over parliamentary housing allowances of about $3,000 per month and the death of a 21-year-old delivery driver.
– The Jakarta Composite Index fell sharply, with Indonesian stocks plunging amid the turmoil, as reported by Financial Times and local sources like Bisnis Indonesia.
– The rupiah weakened, and foreign funds pulled back, according to market updates on X and Reuters.
– Despite the chaos, some positive tech news emerged: Reports from X highlighted milestones like 10 million job seekers matched in e-logistics and a projected $1.1 trillion fintech market by 2025, per local tech roundups.
– Fintech remains a dominant sector, securing 42% of startup funding in 2024, based on recent industry reports, though 2025 investments face uncertainty due to the unrest.

#### 3. Why This Matters
The protests have spooked investors, leading to immediate market volatility that could slow funding for Indonesia’s booming AI Center of AI Center of Excellence to Boost National Tech Ecosystem">Excellence to Boost National Tech Ecosystem">tech ecosystem—valued at a projected $130 billion digital economy by 2025. This risks delaying growth in key areas like fintech and deep tech, where Indonesia has 26,900 startups and 14 unicorns. However, resilient sectors like e-logistics show the tech industry might weather short-term disruptions, but prolonged unrest could reduce foreign investment and hinder job creation in a youth-driven market.

#### 4. What to Watch for Next
Monitor government responses to protests, such as potential stimulus or resolutions urged by business groups like Kadin and Apindo. Track IDX Composite Index movements and rupiah stability over the next 24 hours, plus any updates on tech funding rounds or mergers amid the “tech winter” trend. If unrest escalates, watch for impacts on major players like Telkomsel or fintech unicorns.