
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-headquartered Dayamitra Telekomunikasi’s (Mitratel) net profit in the first six months of 2023 grew 14.7% to IDR1 trillion Read more…
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…
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…
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…
Indonesia-based healthtech startup Alodokter has introduced an AI-based virtual assistant called Alni to streamline consultations between patients and doctors. Read more…
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…
Protelindo and UK-based SPL have joined forces to deliver broadband connectivity across Indonesia from the stratosphere using High Altitude Platforms (HAPS). Read more…
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…
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…
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…
Indonesia plans to move regulation, supervision and oversight of crypto investments to the Financial Service Authority (OJK) to better protect investors. Read more…
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…
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…
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…
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…
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…
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…
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…
Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules. Read more…
Mitsubishi Motors Corp plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025. Read more…
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