Indonesia

Indonesian technology giant PT GoTo Gojek Tokopedia Tbk. (GoTo) announced Thursday that it has entered into a new four-year term loan facility with a total size of Rp 4.65 trillion ($280 million).

Antler, a Singapore-based early-stage venture capital firm, has announced the appointment of Hiro Kiga as Partner of Southeast Asia and Japan, based in Singapore.

Green SM, the all-electric taxi service under GSM, has officially launched in Bekasi of Indonesia.

Maybank Investment Bank has foreseen artificial intelligence (AI) demand to spur neocloud race in ASEAN.

Princeton Digital Group (PDG), the Singapore-based data center provider, announced Wednesday a strategic partnership with oil and gas firm Pertamina Patra Niaga to roll out hydrotreated vegetable oil (HVO) as a replacement for diesel fuel across its Indonesian operations.

Singapore-based insurtech bolttech has partnered with Harmony Auto, a Chinese automotive distributor, to launch an insurance solutions designed exclusively for BYD electric vehicle (EV) owners through Harmony Auto’s distribution channels in Indonesia.

Makarim was accused of misusing his authority as minister to enrich himself or a company, Nurcahyo said, in violation of Indonesia's anti-corruption laws.

Maybank Investment Bank has raised Indonesian tech platform GoTo Gojek Tokopedia (GoTo)'s core net income forecasts for FY25/26 by 9 percent/1 percent due to results house-keeping.

J&T Global Express Limited, an Indonesia-based logistics service provider, said its adjusted net profit surged 147.1 percent year on year to $156 million in the first half, underpinned by strong business growth and continuous operational optimization across its markets.

Indonesian state-owned fund Danantara has partnered with GEM, the China-based green metallurgy and circular economy solutions firm, to develop a $1.42 billion high-pressure acid leaching (HPAL) smelter facility in Indonesia.