News
Indonesia-headquartered Mitratel reports jump in profits
Indonesia-headquartered Dayamitra Telekomunikasi’s (Mitratel) net profit in the first six months of 2023 grew 14.7% to IDR1 trillion Read more…
Indonesia
News
Finfra raises US$1M to scale embedded finance in Indonesia
Finfra, a one-stop shop for companies launching white-labelled lending products in Indonesia, has announced it raised US$1 million in funding. Read more…
News
Indonesia’s fintech sector is making VCs so happy right now
Indonesia’s fintech sector has evolved into a fully fledged modern ecosystem driven by payments, lending, and wealth tech. VCs are reportedly well pleased. Read more…
News
GoTo stays focused on profitability even as its loss widens
Indonesia’s GoTo reported a loss of $2.6 billion for 2022, 56% higher than last year. However, GoTo’s 2022 revenue also doubled in the same time period. Read more…
News
New AI chatbot ‘Alni’ could make doctor consultations faster
Indonesia-based healthtech startup Alodokter has introduced an AI-based virtual assistant called Alni to streamline consultations between patients and doctors. Read more…
News
Bank Indonesia kicks off consultation for its CBDC project
Bank Indonesia has launched the consultation process for its central bank digital currency (CBDC) initiative, Project Garuda. A PoC is expected in July. Read more…
News
Protelindo and SPL aim to connect Indonesia with HAPS
Protelindo and UK-based SPL have joined forces to deliver broadband connectivity across Indonesia from the stratosphere using High Altitude Platforms (HAPS). Read more…
News
Indonesia looking to incentivise EV purchases
Indonesia may allocate 5 trillion rupiah ($320.41 million) from next year’s budget to incentivise electric vehicle (EV) purchases, details still being finalised Read more…
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Bank Indonesia reveals its plans for a digital rupiah
Indonesia’s central bank has unveiled plans for a digital rupiah currency that will use blockchain tech, as the country sees a boom in digital transactions. Read more…
News
Indika and Foxconn seek Thai firm to join their JV
Coal miner PT Indika Energy and Foxconn, which are partnering to make EVs in Indonesia, are considering bringing in a Thai firm as a third partner. Read more…
News
Indonesia will put OJK in charge of crypto regulation
Indonesia plans to move regulation, supervision and oversight of crypto investments to the Financial Service Authority (OJK) to better protect investors. Read more…
News
Blibli owner Global Digital pulls off its $500m IPO
PT Global Digital Niaga – owner of e-commerce group Blibli – beats the tech stock selloff to become the largest IPO in Jakarta since GoTo’s IPO in April. Read more…
News
Blibli aims to be Indonesia’s next unicorn with $530m IPO
Blibli owner PT Global Digital Niaga plans to raise up to $530 million in what would be Indonesia’s second-largest IPO this year. Read more…
News
Indonesia is seriously in need of a 5G business case
Indonesia needs a bankable 5G business case and enough infrastructure investment if it’s going to catch up in the global 5G race, says ICT ministry official. Read more…
Features
How IOH plans to help digitally transform Indonesia
Indosat Ooredoo Hutchison (IOH) has transformed itself into a digital powerhouse and aims to be a key collaborator in helping Indonesia do the same. Read more…
News
Shopee spree continues with layoffs in China and Indonesia
Shopee is cutting jobs in China, Indonesia and elsewhere as Sea Ltd struggles to reassure investors it can achieve self-sufficiency within 18 months. Read more…
News
Indonesia has a personal data protection law now
Indonesia has passed into law a personal data protection bill that includes corporate fines and up to six years imprisonment for mishandling data. Read more…
News
Indonesia probes alleged data leaks at Indihome and PLN
Indonesia is investigating IndiHome and PLN after reports that 5GB of personal data was leaked from IndiHome’s database to a site in the dark web. Read more…
News
Indonesia blocks websites, sparks social media backlash
Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules. Read more…
News
Mitsubishi to invest big in Indonesia for EV production
Mitsubishi Motors Corp plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025. Read more…