Indonesia

Patrick Walujo commits to staying as Indonesia’s GoTo CEO until 2029

As CEO, Patrick will focus on driving GoTo towards long term profitable growth and GoTo’s Board of Commissioners has approved a performance-based retention package as part of his employment arrangement.

Indonesia’s Soul Parking raises Series A funding co-led by AppWorks and AC Ventures to fuel growth

Soul Parking, an Indonesia-based parking management service provider, has announced the completion of a Series A extension round of financing co-led by AppWorks and AC Ventures.

Creador acquires majority stake in Indonesian hospitality marketplace MG Group

Creador, a Malaysia-based pvate equity firm, has on Thursday announced the acquisition of a controlling stake in MG Group, an Indonesia-based business to business (B2B) hospitality marketplace, from Northstar and other shareholders.

Maybank positive on Indonesia’s new economy

Maybank Investment Bank has on Friday maintained a positive view of the new economy in Indonesia as it sees the sector is moving on the right path.

[Year in review] Southeast Asia’s Top 10 tech news in 2024

As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.

Bank Jago and Google Cloud team up to boost growth in Indonesia

PT Bank Jago Tbk, a tech-based bank in Indonesia, and Google Cloud have on Wednesday announced a new, multi-year strategic collaboration to supercharge the bank’s future innovation strategy.

Maybank sees VinFast Indonesia faces intense competition across BEV segment

Maybank Investment Bank said Tuesday that it sees VinFast Indonesia faces intense competition across battery electric vehicles (BEV) segment in Indonesia due to its relatively weak brand recognition.

Temasek-backed Indonesian unicorn eFishery suspends founders, appoints interim CEO, CFO – report

In July last year, eFishery announced it has raised $200 million in its Series D funding round. The round was led by Abu Dhabi-based global fund manager 42XFund and backed by Malaysia’s largest public sector pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Switzerland-based asset manager responsAbility, early investor multi-stage venture…

Xiaomi-backed Indonesian insurtech firm PasarPolis to launch in Singapore soon [Q&A]

In the interview with TNGlobal, Van Zyl shared the importance of the partnership with GoTo, the company’s plans and strategy expanding in Southeast Asia. He also shared PasarPolis' competitive edge against other insurtech firms and traditional insurance companies, among others.

GORO becomes first participant in Indonesia’s Regulatory Sandbox for property tokenization

GORO’s admission into the OJK Regulatory Sandbox is a pivotal step forward, showcasing its business model’s compliance with Indonesia’s highest regulatory standards. With less than 10 percent of 275 million Indonesians participating in investments, GORO aims to democratize property investment, empowering tens of millions to enter the market.