Indonesia

Singapore-based fintech firm Seedflex Technologies announced Wednesday that it is now officially registered with Indonesian financial services authority Otoritas Jasa Keuangan (OJK) as a provider of aggregated information for financial products and services.

Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia) and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) are to launch Russia-Indonesia Investment Platform (RIDNIP) with up to €2 billion ($2.3 billion) of capital to implement investments in Indonesia and Russia and promote the economic cooperation between…

BDx Indonesia, a subsidiary of BDx Data Centers has signed a power purchase agreement with PT PLN (Persero), Indonesia’s national electric power distributor, supply 30 MVA of electricity.

EDGNEX Data Centers by DAMAC, a global digital infrastructure company backed by the DAMAC Group, a global conglomerate headquartered in Dubai, announced Tuesday the development of a next-generation artificial intelligence (AI)-powered data center in Jakarta, Indonesia, its second in the market.

Indonesia Investment Authority (INA) has announced the appointment of Andry Setiawan and Christopher Ganis as Chief Investment Officers.

Erajaya Digital, a telecommunications subsidiary of Indonesia-based Erajaya Group, has officially launched a new device protection program through a strategic collaboration with bolttech, a Singapore-based provider of embedded protection solutions.

Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.

GoTo Group, the largest digital ecosystem in Indonesia, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Thursday the successful migration of GoTo Financial’s infrastructure to Alibaba Cloud’s data centers in Jakarta, Indonesia.

Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter, the report said.

As part of ongoing efforts to expand Southeast Asia’s digital infrastructure, DBS and UOB have jointly provided a landmark IDR 6.7 trillion ($413 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia.