Indonesia

Indonesian telecommunications firm Telkomsel and Chinese computer application firm Tencent Cloud have signed a strategic partnership on artificial intelligence (AI) and cloud-based solutions development to improve customer experience.

The Indonesia Investment Authority (INA) and a subsidiary of Ares Management Corporation have entered into an investment framework agreement (IFA) to foster investments through innovative financing mechanisms such as hybrid capital solutions (HCS) and securitization.

LiveIn, a Malaysia-based flexible housing provider, announced Thursday that it has acquired KoolKost, an Indonesia-based long-term accommodation brand from RedDoorz.

East Ventures, a Singapore-based venture capital firm, and Temasek Foundation, a Singapore-based philanthropic organization that supports sustainable development initiatives in Asia, have announced the third edition of the Climate Impact Innovations Challenge (CIIC) 2025, Indonesia's largest climate tech innovations competition.

Wavemaker Impact, a Southeast Asia’s climate-tech venture builder, has launched Zentide, a startup transforming tropical seaweed into sustainable bio stimulants and bio fertilizers.

Indonesia-based health-tech firm Bumame has announced the successful completion of a funding round led by Alpha JWC Ventures, with participation from 500 Global and Kopital Ventures.

This acquisition will mark Kredivo Group’s entry into the fast growing EWA market, and is in line with the group’s mission of providing fast, affordable and widely accessible financial services to its customers. Post-acquisition completion, GajiGesa will continue operating under its own brand, as a new business unit under Kredivo Group.

Apple will soon obtain a local content certificate, which is needed for sales of the handset to be permitted.

None of eFishery’s PondTag sensors that were supposed to help remotely judge water quality and automate fish and shrimp feeders had been deployed. The limited data collection meant fish feed predictions were wrong almost half the time, the document said.

The sovereign wealth fund is seen as the latest initiative by Prabowo to deliver on his ambitious economic growth target of 8 percent within his first term.