After developing Traveloka for a solid 6 years until it became one of Indonesia’s first unicorns, Co-Founder and Chief Technology Officer (CTO) Derianto Kusuma announced his resignation from the travel startup.
Berlin is making the first step to bridge opportunities with Asia, creating the first intercontinental startup ecosystem with wide areas of collaboration for both sides.
Raffles Jakarta invites guests to its third Annual Turkish Ramadhan, presenting completely authentic Turkish experience with surprises throughout the event.
Mari Elka Pangestu was appointed as managing director at the World Bank facing a challenging time. Her extensive experience and expertise on development issues are urgently needed.
Forbes recently launched its 2020 World Billionaires list, consisting of 2,095 names with a combined net worth of $8 trillion. This year, 15 Indonesian tycoons made it to the list, racking up a $53.7 billion fortune.
As Covid-19 sweeps the planet, many sectors are volatile. But farming remains formidable. Here’s why local tech investors are excited about the decade to come.
The survey confirms significant impact of COVID-19 pandemic on manufacturing and tourism industry; as opposed to agriculture and related industries which were able to book growth.
PT Semen Indonesia Tbk has agreed to sell 15% of its subsidiary PT Solusi Bangun Indonesia Tbk (SMCB) shares to a Japanese firm, Taiheiyo Cement Corporation (TCC)
The fund will be used to help enhance financial inclusion in Southeast Asia, and to create positive impact toward Indonesian economy by reaching more SMEs.
During the due diligence process, both controlling shareholders, which are the governors of West Java and Banten, has agreed to team up in business operations, primarily on supporting Bank Banten's liquidity needs
Indonesia's low insurance penetration rate, added with rapid growth of mobile users and middle-income class provide a promising opportunity for insurtech in Indonesia.
All powered by in-house calibres, the attractive additions range from the compact automatic style, legendary perpetual calendar, to the first watches with tide indication.
After a positive performance in Q1-2020, the cost of KINO's raw materials and slowing distribution due to the COVID-19 pandemic may challenge the company's 2020 target
Indosat Ooredoo booked a Rp 6.5 trillion revenue in Q1-2020 as a result of its fast actions in responding to the COVID-19 pandemic - including implementing health and safety protocol and accelerating network rollout plan.
TOWR is allocating Rp 3-3.5 trillion in capital expenditures this year, which will be mainly used to construct the fiber optic cables and to add around 2000-3000 new tenants
It is the first investment of the firm's $106 million Ocean Fund. The undisclosed amount will help Tridi Oasis to scale and expand its recycling capacity.
BPS noted lower demand for goods and services a result of a slowdown in economic and social activities upon implementation of large-scale social restrictions (PSBB)
Jokowi emphasizes to all NAM countries member at the High Level Meeting to solidify unity against COVID-19 pandemic and asks equal access to coronavirus medicine for developing countries.
After booking a positive performance in the first quarter, PT Tower Bersama Infrastructure should expect a prosperous remainder of 2020 despite the ongoing COVID-19
Despite declining visitors for non-critical treatments, PT Medikaloka Hermina has been able to maintain the occupancy rate mainly due to the company’s decision to become one of the private hospitals that accept coronavirus patients
GFC continues to back Klikdaily following its pre-series A funding round in mid-2019. The startup has seen significant growth due to growing demand amid pandemic.
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
An extension to its pre-series A round was led by Accion Venture Lab, and will be used to expand its technology and platform to to help underserved students and schools impacted by COVID-19 pandemic
The financing is divided into two projects, one for Indonesia's Social Assistance Reform Program and the other goes as COVID-19 Supplemental Financing for Indonesia's First Financial Sector Reform Development Policy Loan
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
The Ministry of Finance has decided that 10% VAT will be imposed on digital products such as music streaming & film subscription, games, and online services coming from abroad - in order to create a level playing field to all business players.
The bank plans to be more cautious in disbursing its loans in order to maintain the positive performance amid uncertainties of global economic condition
Analyst estimates that ACES’ sales and gross profit margin for the remainder of 2020 to decline due to lower demand for home improvement products during the pandemic
The $1.5 billion project in Dumai will be jointly undertaken with state-owned firm PT Nindya Karya, while DH Global Holdings Co. Ltd represented the Korean consortium
Focusing on culinary business support, five startups chosen to participate in the venture building program all have purposes that could leverage culinary business. Four of them are Indonesia-based.
The funding serves as a strategic partnership between Delman and the three investors, and will enable Delman’s expansion in developing a big data management ecosystem
The recent decline in crude oil prices has opened new opportunities for publicly listed shipping company PT Buana Lintas Lautan (BULL) as oil companies seek alternatives to store their storage while keeping them in the refinery
As a response to COVID-19 pandemic, Bonza uses a math algorithm to project COVID-19 Effective Reproduction Numbers (Rt), which measures the virus’ rate of spread in each Indonesia province to support government policies.
The 27.3% YoY increase was mainly driven by palm oil and its derivative products. Earnings growth over the next 12 months however will be tempered by slowing economic growth due to COVID-19 outbreak.
SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MARK's positive performance in the first quarter of 2020 was mainly driven by a demand boost in medical latex gloves amid the ongoing COVID-19 pandemic.
GoPlay will be using the capital injection to develop its technology to serve both filmmakers and audiences better in making and gaining high-quality local film and series.
By using technology, Ula provides small retailers with better sourcing and access to working capital, which can leverage their position in grabbing market opportunity.
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
Bringing Fabelio's total funding to $20 million, this round aims to accelerate the development of Fabelio's supply chain network of logistics hubs and experience centers.
Today IDN Media launched IDN Programmatic Out-of-Home (IDN POOH), an innovative internet OOH media platform equipped with patented proprietary technology
As the coronavirus pandemic hit millions of people worldwide, nations enforce work-from-home and physical distancing campaigns. Consequently, some industrial sectors
It is aiming at Rp 300 billion first close, focusing on backing local tech startups in education, agro-maritime, retail, transportation, and healthcare sectors.
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
However, analyst expects an uptick in core inflation in upcoming months, as the government gradually eases the virus containment measures and Bank Indonesia continues its expansionary stance
Securing a large amount of funding amid the pandemic shows investors’ trust in Social Bella in becoming a prominent player in Indonesia’s $8.5 billion beauty and personal care market.
Led by B Capital and Insignia Ventures Partners, the new fund will support Payfazz in strengthening its network in Indonesia’s rural economy and exploring opportunities in expanding across Southeast Asia.
The fresh fund, combined with its undisclosed amount of seed funding led by East Ventures in April, is said to have brought its total funding to eight figures.
The three companies aim to provide rural residents in Indonesia with access to healthcare information especially related to the COVID-19 pandemic, for free to patients visiting doctorSHARE's Nusa Waluya II Floating Hospital.
Indogen Capital announced its partnership with Tokyo-based investment firm Striders Corporation via its subsidiary Striders Global Investment Pte Ltd. The
The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.
The capital will strengthen Traveloka’s balance sheet and boost efforts to deepen Traveloka’s offerings in select priority areas, including building a more robust and integrated travel & lifestyle portfolio in key markets.
The falling of crude oil price and the COVID-19 pandemic didn’t have much impact on PT AKR Corporindo which booked a 10.44% YoY increase in net profit.
eFishery will use the fund to strengthen product development, expand across Indonesia, and grow the team.Aquaculture-focused internet-of-things (IoT) startup
In 2019, Siantar Top saw its net income soar 89% to Rp 482.6 billion. The company was also able to book an 11.75% growth in net income during the first semester of 2020, and is confident to achieve 10% of growth this year despite the pandemic.
PasarPolis will use the fund to advance its AI technology and expand deeper penetration in its three operating markets-Indonesia, Thailand, and VIietnam.
The company also claimed that its revenue from its livestreaming arm has doubled since the start of 2020 and continues to peak every month despite the COVID-19 pandemic.
