by Ferry Bayu | Apr 9, 2024 | Business
JAKARTA, Indonesia, April 9, 2024 – Indonesia has marked significant strides in adopting crypto assets and blockchain technology in the ever-evolving digital era. The country has showcased remarkable growth in the crypto asset industry.
According to data from the Commodity Futures Trading Regulatory Agency (Bappebti), in February 2024, there were 19.18 million crypto asset investors in Indonesia, with an average increase in registered customers of 427.2 thousand customers per month since this data was reported in February 2021. The value of crypto trading transactions in February 2024 amounted to more than US$2,1 billion (up 56.22% from the previous month). The total transaction value for January-February 2024 was more than US$3,4 billion, or an increase of 113.05% compared to the same period in 2023, amounting to US$1,8 billion (yoy), indicating the strong economic potential of the industry.
Asian countries fiercely compete to become hubs for crypto technology development, with Indonesia not lagging in this race. The Indonesian government has proactively created policies supporting the growth of the crypto ecosystem, including regulations facilitating innovation and increasing public awareness of the investment potential in crypto assets.
As a leading #ExchangeIndonesia, Tokocrypto is fully committed to shaping the future of the country’s blockchain and digital asset industry. This statement reinforces Tokocrypto’s role as a key player in Indonesia’s crypto-asset sector, demonstrating its commitment to supporting inclusive and sustainable digital economic growth.
“We at Tokocrypto are proud to be part of this digital transformation and to lead in its initiation. The steps taken by Bappebti, along with full support from the government, provide a solid foundation for the growth of the crypto industry in Indonesia,” said the CEO of Tokocrypto, Yudhono Rawis.
Yudho added that the regulation and supervision of crypto assets, previously under Bappebti, will officially transfer to the Financial Services Authority (OJK) in January 2025, building stronger regulations to maintain market integrity and protect consumers. The transition of crypto asset supervision to OJK marks a new chapter in digital financial regulation in Indonesia. With collaboration between regulators and industry players, Indonesia is on the right path to harness the full potential of digital financial assets, including crypto assets, to support national economic growth.
Sustaining Growth
In early 2024, Tokocrypto recorded significant achievements, dominating about 43% of the market based on CoinMarketCap data, with over 4 million users and an average daily transaction exceeding US$30 million. This comprises more than 400 types of tokens and coins traded on the platform, positioning Tokocrypto as a critical indicator in Indonesia’s progression within the crypto industry.
The outstanding performance in early 2024 was supported by various positive developments in the crypto world, including optimism towards Bitcoin spot ETFs and anticipation of the Bitcoin halving. Yudhono shared exciting plans for 2024, such as increasing the trading transaction volume to reach US$12 billion (approximately Rp 189 trillion) and doubling its users to 6 million people in 2024.
“The user growth at Tokocrypto reflects a global trend showing increasing interest in crypto investments. Additionally, the increasing adaptation of Indonesian investors indicates that the crypto market continues to grow and become more inclusive for various segments of society,” explained Yudho.
Tokocrypto has also significantly contributed to tax revenue from crypto asset transactions in Indonesia during 2024. According to the Directorate General of Taxes of the Ministry of Finance of the Republic of Indonesia, as of February 2024, tax revenue from crypto transactions has reached US$4.5 million. Tokocrypto has contributed approximately US$1.8 million, equivalent to about 40%.
Toko Token (TKO)
To support innovation, Tokocrypto has made significant changes to Toko Token (TKO), Tokocrypto’s original utility crypto token, aimed at advancing blockchain technology adoption in Indonesia. The TKO Foundation, a separate independent entity from Tokocrypto, will manage TKO.
“This will ensure the sustainability of TKO and provide new utilities that would not be possible if TKO were just a simple exchange token,” explained Yudho.
The main focus of the TKO Foundation is to develop the TKO token. The TKO Foundation has released a whitepaper introducing a roadmap and a new management team determined to advance this local crypto asset project further. The market capitalisation of TKO tokens has reached US$52 million, making it the most prominent local token.
Since the release of White Paper V4.0 on January 31, 2024, TKO has achieved remarkable success in February 2024, entering the Top Gainers list, according to CryptoRank. TKO’s performance has significantly improved, marking a historic milestone and boosting investor confidence.
According to TKO’s Monthly Return (USD) data, TKO’s performance experienced a significant increase of 68.8% during February 2024. This marks an important milestone in TKO’s history, demonstrating the potential of this crypto asset project and its considerable development.
For more details about the V4.0 TKO whitepaper, please refer to the official Tkotoken website. Additionally, you can track TKO’s price performance on platforms like CoinMarketCap and CryptoRank.
by Ferry Bayu | Apr 8, 2024 | Business
Manila, April 8, 2024 – VRITIMES, a leading media company known for its innovative press release distribution services, announced a strategic partnership with Technophile, a rising Philippine tech blog and reviews website. This collaboration aims to widen the dissemination of press releases across various industries, utilizing Technophile’s powerful platform and VRITIMES’s distribution expertise.
Technophile is a trusted source for Filipinos seeking unfiltered reviews of tech gadgets and insightful information about the latest technological advancements. Through its engaging content and growing readership, Technophile has established itself as a prominent voice within the Philippine tech landscape.
VRITIMES, on the other hand, provides a comprehensive solution for press release creation and distribution. Their user-friendly platform allows companies to craft impactful press releases, distribute them to relevant media outlets like Technophile, and analyze the performance of their campaigns – all in one place.
“We’re thrilled to join forces with Technophile,” said Ferry Bayu, Co-Founder and CEO of VRITIMES. “Their commitment to delivering accurate, real-world facts aligns perfectly with VRITIMES’ mission to facilitate a more efficient flow of information. This partnership will provide brands with unparalleled access to a highly engaged audience, allowing them to share their stories and innovations effectively.”
by Ferry Bayu | Apr 4, 2024 | Business
Join us to explore Singapore’s innovative strategies, private sector contributions, and ERIA’s role in combating plastic waste. Don’t miss out on “Toward Plastic Circularity: Good Practices from Singapore”.
The Regional Knowledge Centre for
Marine Plastic Debris will unpack the Singapore’s strategy to promote resource
circularity, with a focus on plastics. Especially in the context of new laws
and regulations aiming to improve plastic circularity in Singapore, highlighted
in the application of Extended Producer Responsibility schemes for plastics,
the webinar will be an occasion to discuss the many ways private companies are
contributing to combatting plastic waste and marine plastic debris.
Save the date!
Webinar: “Toward Plastic
Circularity: Good Practices from Singapore.”
Date and Time: April 18, 2024,
10:00 AM to 12:15 PM (GMT+8)
Platform: Zoom
Registration: bit.ly/8thPSP
What You Can Learn:
-
Singapore’s strategy and
progress on marine plastic waste management.
-
The role of private companies
in combating plastic waste and marine pollution.
-
ERIA’s role in promoting
innovative approaches undertaken by the private sector in the ASEAN+3 region.
by Ferry Bayu | Apr 2, 2024 | Business
The RevComm Research and Development Team was selected to present its research “Large Language Model-Based Emotional Speech Annotation Using Context and Acoustic Feature for Speech Emotion Recognition” at the IEEE International Conference on Acoustics, Speech and Signal Processing, ICASSP 2024 in Seoul, South Korea.
Jakarta, April 1, 2024 – RevComm is pleased to announce that RevComm’s Research and Development team, RevComm Research, has been selected to present its research at the International Conference on Acoustics, Speech and Signal Processing, ICASSP 2024.
The conference is organized by the IEEE Signal Processing Society, the longest serving society of the Institute of Electrical and Electronics Engineers. This year will be the 49th ICASSP conference and will be held on April 14-19, 2024 in Seoul, South Korea.
RevComm Research: Identifying Emotions through Voice Transcription with a Large Language Model
The research findings related to Speech Emotion Recognition by RevComm Research are motivated by the high cost involved in adding emotional information to a voice. Conventionally, this has to be done manually by listening to the voice, identifying the emotion, and adding it. This makes it very difficult to create large-scale voice data with emotional information.
Recognizing this challenge, RevComm Senior Research Engineers Jennifer Santoso and Kenkichi Ishizuka, as well as Research Director Taiichi Hashimoto, published their research “Large Language Model-Based Emotional Speech Annotation Using Context and Acoustic Feature for Speech Emotion Recognition” to ICASSP 2024 and was selected to present their research at the conference.
RevComm Research made an innovative breakthrough by proposing the automatic annotation of emotions using a Large Language Model (LLM) based on voice transcription and acoustic features. The results of this research experiment demonstrate that the Large Language Model can estimate emotions with nearly the same accuracy as humans. Therefore, with the outcomes of this research, it is anticipated that generating voice data with rich emotional information will become more accessible, facilitating the development of more accurate voice emotion recognition systems.
RevComm Research aims to drive innovation in the field of AI technology and enhance communication. To accomplish this objective, RevComm will continue to advance research and development in speech, language, and image processing. Furthermore, RevComm will actively contribute to academic endeavors on both national and global scales by harnessing AI technology for product and service development.
RevComm continues to provide leading-edge communication solutions through its product, MiiTel. MiiTel as an AI-based technology is able to analyze your telephone conversations and meetings automatically. Claim MiiTel Free Demo now at miitel.id. Limited slots are available!
by Ferry Bayu | Mar 29, 2024 | Business
KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.
The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.
“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.
“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.
Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company’s commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.
Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.
Prior and upcoming initiatives include a range of activities:
Distribution of Food Baskets
i. Surau Ashabul Kahfi, Dungun, Terengganu
ii. Masjid Abdullah Fahim, Kepala Batas, Penang
Distribution of Bubur Lambuk
2 April 2024
i. Sg. Buloh Overhead Bridge Restaurant & Rest Stop Area
ii. Menara UEM, Kuala Lumpur
UEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its “Infaq Musafir Ramadan” programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).
While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.
For further information on UEM Edgenta and its CSR other initiatives, logon to https://www.uemedgenta.com.
Razman Ismail,
Chief People Officer, UEM Edgenta (left), handing over a ‘food basket’
consisting of grocery items to a beneficiary during the Company’s “Jalinan
Kasih Edgenta” CSR programme in conjunction with the month of Ramadan.
One of the many
beneficiaries receiving a ‘food basket’ consisting of grocery items from a UEM
Edgenta representative during the Company’s recent “Jalinan Kasih
Edgenta” CSR programme, held in conjunction with Ramadan.
JAKARTA, Indonesia, April 9, 2024 – Indonesia has marked significant strides in adopting crypto assets and blockchain technology in the ever-evolving digital era. The country has showcased remarkable growth in the crypto asset industry.
Manila, April 8, 2024 – 
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