Tag: #business & technology

Companies
Digital Mastery
The COVID-19 has fundamentally changed PT Telkom Indonesia to be a digital telecommunication company.
MP
Marella Putri 3 weeks ago . 4 min read
Companies
Solid Growth
Since appointed as President Director and CEO last year, Ahmad Abdulaziz A A Al-Neama has successfully led Indosat Ooredoo to achieve solid growth in financial performance and bring in innovations to customers despite the challenging situations.
SA
Special Advertising Section 2 months ago . 3 min read
Technology
Golden Opportunity
Ivan Lingga expands his family jewelry business with Whizliz.
MP
Marella Putri 3 months ago . 5 min read
Technology
Why We’re Overhauling Indonesia's SOEs with New Tech
Digitizing Indonesia’s SOEs was already Telkom’s internal vision. Here’s how a state-owned digital ecosystem will bring handsome returns to investors and economic stability to the nation.
CS
Columnist Section 4 months ago . 7 min read
Business
Lessons from China: Social Commerce as the Next Black Horse in Southeast Asia?
Can we replicate Pinduoduo's success in overseas markets, particularly in Southeast Asia?
CS
Columnist Section 4 months ago . 5 min read
Technology
PasarPolis Closed Southeast Asia’s Largest Insurtech Series B Funding at $54 Million
PasarPolis will use the fund to advance its AI technology and expand deeper penetration in its three operating markets-Indonesia, Thailand, and VIietnam.
MP
Marella Putri 4 months ago . 2 min read
Technology
Moving Logistics
Kargo aims to improve logistics efficiency by digitizing Indonesia’s freight logistics industry
MP
Marella Putri 4 months ago . 6 min read
Companies
Best of the Best: Metrodata Electronics
Towards the end of 2019, then communications and information minister Rudiantara stated that the country's spending on ICT accounted for
RY
Robert Yota 4 months ago . 6 min read
Companies
Best of the Best: Sarana Menara Nusantara
While many sectors are severely affected by the pandemic, Sarana Menara Nusantara booked its most significant quarterly revenue growth in recent years. In the time of physical distancing measure, the telecommunications sector still has a strong demand.
EV
Elisa Valenta 4 months ago . 5 min read
Business
Bank Indonesia releases new banknotes to celebrate 75th Independence Day
For the first time in history, Bank Indonesia issued Rp75,000 banknotes to commemorate the 75th anniversary of the Indonesian Independence Day.
EV
Elisa Valenta 5 months ago . 1 min read
Technology
Agritech eFishery Closed Series B Funding , Co-led by Northstar Group and Go-Ventures
eFishery will use the fund to strengthen product development, expand across Indonesia, and grow the team.
MP
Marella Putri 5 months ago . 3 min read
Technology
Movie on the Go
Gojek bid on the OTT business with its GoPlay, yet CEO Edy Sulistyo also sees it as a momentum to revive the Indonesian movie industry.
MP
Marella Putri 5 months ago . 7 min read
Technology
Wahyoo Bagged $5 Million Series A to Help Indonesia's Small Eateries
The tech startup aims to accelerate its expansion and hire new employees with the injection led by Intudo Ventures.
MP
Marella Putri 5 months ago . 1 min read
Companies
MAP Covered Losses from Mall Closures with Online Sales
During the first half of 2020, MAP online sales grew almost 400%, from retailers, supermarket, and F&B brands.
MP
Marella Putri 5 months ago . 1 min read
Companies
AKR Corporindo Maintained Growth Momentum in H1-2020
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.
MP
Marella Putri 5 months ago . 1 min read
Entrepreneurs
Small Spaces, Big Potential
Pod hotel Bobobox is one step ahead in changing the game of budget hospitality industry.
MP
Marella Putri 6 months ago . 5 min read
Technology
Mapping Opportunities
Bvarta’s location intelligence service helps companies to better navigate business.
MP
Marella Putri 6 months ago . 6 min read
Technology
BukuWarung Raised Pre-series A Led by Quona Capital
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.
MP
Marella Putri 6 months ago . 2 min read
Companies
Alibaba Cloud, Medico.id, and doctorSHARE Collaborate to Provide Accessible Healthcare Information
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.
MP
Marella Putri 6 months ago . 1 min read
Technology
Fintech Startup Payfazz Bagged $53 million Series B
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.
MP
Marella Putri 6 months ago . 1 min read
Companies
East Ventures Announced First Close of Latest Seed Fund
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.
MP
Marella Putri 6 months ago . 2 min read
Companies
BRI Ventures Launched New Venture Fund Sembrani Nusantara
It is aiming at Rp 300 billion first close, focusing on backing local tech startups in education, agro-maritime, retail, transportation, and healthcare sectors.
MP
Marella Putri 6 months ago . 2 min read
Technology
IDN Media Launched OOH Media Platform IDN Programmatic Out-of-Home
IDN POOH aims to solve the challenges found on traditional OOH advertising
MP
Marella Putri 6 months ago . 1 min read
Technology
Digital Grocery
Amid the coronavirus pandemic, online grocery platform TaniHub aims a robust sales growth.
MP
Marella Putri 6 months ago . 5 min read
Companies
Expanding Coverage
State-owned pharmaceutical Indofarma is expanding its business to medical equipment to batle the pandemic.
EV
Elisa Valenta 7 months ago . 2 min read
Entrepreneurs
Collective Effort
Mesty Ariotedjo’s crowdfunding platfom helps the unprivileged to access healthcare services.
EV
Elisa Valenta 7 months ago . 3 min read
Technology
Furniture Ecommerce Fabelio Raised $9 Million in Ongoing Series C Funding
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.
MP
Marella Putri 7 months ago . 1 min read
Entrepreneurs
Talent Finder
As demand soared, GeekHunter helps companies to win the tech talent hunt.
MP
Marella Putri 7 months ago . 5 min read
Business
Pandemic Highlights Momentum for Food Delivery Business
Food delivery has played an essential role in helping people to stay at home safely during the COVID-19 pandemic.
EV
Elisa Valenta 7 months ago . 3 min read
Technology
Gojek's Video-on-demand Closed First Funding Round
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.
MP
Marella Putri 7 months ago . 1 min read
Technology
Facebook and PayPal Invest in Gojek
Facebook will have its instant messaging app WhatsApp to work with Gojek, and PayPal will have its payment system integrated with GoPay.
MP
Marella Putri 7 months ago . 1 min read
Companies
Mark Dynamics Booked 9.94% Sales Growth in 1Q-2020, Aims to Capitalize on Subsiding Lockdown
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.
MP
Marella Putri 7 months ago . 2 min read
Technology
Big data analytics Bonza secured seed funding from East Ventures
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.
MP
Marella Putri 7 months ago . 1 min read
Companies
BCA booked Rp 6.6 trillion net profit in 1Q-2020
The surge of 8.6% YoY was attributed to loan and operational income growths.
MP
Marella Putri 7 months ago . 1 min read
Insights
Digital tax in Indonesia to be effective starting July
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.
MP
Marella Putri 8 months ago . 2 min read
Companies
ACES continues expansion amid pandemic, intensifies online sales
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
MP
Marella Putri 8 months ago . 1 min read
Companies
Chandra Asri secured $70 million loans from Permata Bank
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
MP
Marella Putri 8 months ago . 1 min read
Companies
Citibank's net profit jumped by 20.43% YoY despite market turmoil
The increase was driven by loan disbursement and non-interest income growths from derivative forex transactions
MP
Marella Putri 8 months ago . 1 min read
Companies
Bakrie Group and Air Products to build methanol production facility
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
MP
Marella Putri 8 months ago . 1 min read
Technology
Pintek raised funding from Accion Venture Lab to help schools impacted by COVID-19
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
MP
Marella Putri 8 months ago . 3 min read
Forbes Life
Passionate Fusion
Hublot’s Big Bang MP-11 Red Magic is as striking as it could be in presenting the Swiss luxury watchmaker’s Art of Fusion
MP
Marella Putri 8 months ago . 1 min read
Companies
Semen Indonesia Group maintained growth in 1Q
Next to increasing exports, the improvements were mainly driven by the synergy and efficiency initiatives SMGR has undertaken since 2018.
MP
Marella Putri 8 months ago . 2 min read
Companies
Acquired Demi Istri Production, IDN Media launched IDN Pictures
It acquired Demi Istri Production, an independent film company, having several films in the pipeline to be released soon.
MP
Marella Putri 8 months ago . 2 min read
Technology
Global Founders Capital led Klikdaily’s series A funding
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.
MP
Marella Putri 8 months ago . 2 min read
Technology
Dekoruma closed pre-series C round
The fresh fund will be used to invest in SOMA, a Dekoruma-developed software which enables seamless interior design projects.
MP
Marella Putri 8 months ago . 2 min read
Technology
Long-Distance Healthcare
COVID-19 drives unprecedented demand for telehealth startup Alodokter
MP
Marella Putri 8 months ago . 4 min read
Companies
TBIG sees growing demand for tower tenancies from telecommunication providers
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
MP
Marella Putri 8 months ago . 2 min read
Technology
GudangAda raised $25.4 million series A led by Sequoia India & Alpha JWC
Through its e-commerce platform, GudangAda is building Indonesia's FMCG supply chain ecosystem.
MP
Marella Putri 8 months ago . 2 min read
Companies
Data Traffic Drives Indosat’s First Quarter Revenue
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.
MP
Marella Putri 8 months ago . 2 min read
Companies
Sarana Menara Nusantara showcased 10% sales growth, intends to spend more amidst pandemic
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
MP
Marella Putri 8 months ago . 2 min read
Technology
Achmad Zaky's fund Init 6 invests in Eduka System
It received an undisclosed amount of seed funding and became the fund's first portfolio.
MP
Marella Putri 8 months ago . 1 min read
Technology
Indonesian insurtech Qoala bags $13.5 million series A
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.
MP
Marella Putri 8 months ago . 2 min read
Technology
Gojek acquires Moka
Gojek has been working with Moka to optimize the digital payment Gopay.
MP
Marella Putri 9 months ago . 1 min read
Technology
eWallet DANA records hike in transaction following social distancing implementation
DANA is also adding new features to boost transactions, work with logistics services, and help SMEs impacted by COVID-19.
MP
Marella Putri 9 months ago . 1 min read
Entrepreneurs
Stress Relievers
Riliv helps to ease stress by connecting users to professional psychologists and encouraging them to meditate.
EC
Ester Christine Natalia 9 months ago . 5 min read
Column & Opinion
Indonesia’s next generation of tech-savvy farmers in a post-Covid world
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.
MP
Marella Putri 9 months ago . 6 min read
Inspiring Woman
Ahead of the Curve
A senior woman banker, Vera Eve Lim now plays a bigger role in the country’s largest private bank
MP
Marella Putri 9 months ago . 6 min read
Technology
Kargo Technologies secures $31 million series A funding
The closing of the series A round makes Kargo the largest-funded startup digitalizing Indonesia’s trucking space.
MP
Marella Putri 9 months ago . 1 min read
Invesment
Investree secures $23.5 M Series C funding from MUIP and BRI Ventures
Financial technology (fintech) platform PT Investree Radhika Jaya has secured $23.5 million as the first tranche of its Series C
EC
Ester Christine Natalia 9 months ago . 1 min read
Philanthrophy
Hong Kong mega billionaire donates $2.5 million for medical worker accommodation
Donation is channeled to local capsule pod company Bobobox for 100 shelter pods at COVID-19 state referral hospitals
MP
Marella Putri 9 months ago . 1 min read