Indonesia
GoTo secures $150M from IFC to drive sustainable business and financial inclusion across Indonesia
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, has secured $150 million from the International Finance Corporation (IFC), a member of the World Bank Group. The duo have sealed a partnership to boost financial inclusion and sustainability across Indonesia.
Katadata: 67 percent of Indonesia’s population not active e-commerce users
Katadata Insight Center and Evermos report has found that Offline channels are crucial for business success for local Indonesian brands, and 67 percent of Indonesia's population is not active e-commerce users.
Gojek launches multimodal travel solution GoRide Transit in Indonesia
Gojek, an on-demand services platform part of PT GoTo GojekTokopedia (GOTO), has announced the official launch of GoRide Transit, a comprehensive solution for multimodal travel, in Indonesia. The solution will allow consumers to book a multimodal trip comprising a GoRide to the train station, a trip on the KRL Commuterline, and a GoRide from the train…
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
Indonesia may issue regulation on social media e-commerce – report
"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.
Indonesia launches carbon exchange to reduce carbon emissions in the country
Indonesian government has on Tuesday launched its the country's first carbon exchange IDXCarbon, to reduce Indonesia’s carbon emissions and drive Indonesia’s transition to reach net zero emissions by 2060. ACX (AirCarbon Exchange) which is operating its proprietary regulated environmental asset trading platform, is the technology provider the Indonesia’s…
Indonesia’s Bank Mandiri collaborates with fisheries startup FishLog to support MSMEs
Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.
Malaysian bourse inks MOU with Thai, Indonesian bourses to set up Asean ESG ecosystem
The Malaysian bourse has signed a Memorandum of Understanding (MoU) with Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) to set up an ASEAN environmental, social and governance (ESG) ecosystem.
Indonesian sustainable farming, supply chain traceability startup Koltiva raises series A financing led by AC Ventures
Indonesia-based sustainable farming and supply chain traceability startup Koltiva has announced a seven-figure series A financing round led by top-tier, early-stage venture capital firm AC Ventures. The round also saw participation from Silverstrand Capital, Planet Rise, Development Finance Asia, and Blue 7, with existing investor The Meloy Fund, a…
