Indonesia
Indonesia’s eFishery founder gets nine-year jail term in $300M case – report
An Indonesian court sentenced eFishery founder Gibran Huzaifah to nine years in prison on Wednesday, concluding a high-profile $300 million financial scandal that led to the collapse of one of Southeast Asia’s most celebrated startups.
Nokia, Blaize, Datacomm Diangraha team up to deliver hybrid AI inference across Southeast Asia
Blaize Holdings，a global artificial intelligence (AI) computing firm, has announced a three-way strategic collaboration with Nokia and PT Datacomm Diangraha to accelerate the deployment of hybrid AI inference infrastructure across Indonesia and the wider Asia-Pacific (APAC) region.
Bukalapak’s revenue surges 63 percent year on year in first quarter
Indonesia's all-commerce firm PT BUKALAPAK.COM Tbk (Bukalapak) has recorded revenue of IDR 2.37 trillion ($136.78 million) in the first quarter this year, representing an increase of approximately 63 percent compared to IDR 1.46 trillion in the same period last year.
Indonesia’s GoTo reports first-ever quarterly net profit, $12.7M, in strong start to 2026
Indonesian tech giant GoTo Group, known for Gojek and Tokopedia, reported a net profit of Rp171 billion for the first quarter of 2026, alongside a 63% year-on-year increase in gross transaction value (GTV) to Rp236 trillion, marking a turnaround($12.7 million) from a net loss of Rp367 billion a year earlier.
Indonesia’s BNPL platform Kredivo now owns 99.99% of Vietnam’s digital bank Timo
Indonesia's buy now pay later (BNPL) firm Kredivo now holds a 99.99 percent stake at Timo Vietnam JSC, also known as Timo digital bank by BVBank in Vietnam.
Sovereign funds from China, Indonesia, Azerbaijan team up to launch $1B PE fund
China Investment Corporation (CIC), Indonesia Investment Authority (INA), and the State Oil Fund of the Republic of Azerbaijan (SOFAZ) have jointly established the $1 billion Galaxy Orientis China–ASEAN Investment Platform (CAIP), a sovereign-led private equity platform dedicated to capturing long-term investment opportunities across the China–ASEAN…
Indonesia’s supply chain growth platform Baskit raises $4.4M Series A to expand Southeast Asia operations
Indonesia-based Baskit, a technology and financial services platform focused on digitizing offline distribution networks in Southeast Asia, has secured $4.4 million in a Series A funding round.
BMI sees Batam emerging as compliance-led data center hub, while Jakarta retains structural dominance
Indonesia’s data center sector is entering a structurally differentiated growth phase, with Batam increasingly positioned as a regulatory compliance and Singapore-linked overflow hub, while Jakarta continues to anchor core hyperscale and enterprise demand, according to BMI Country Risk and Industry Research.
Danantara Indonesia sets up integrated waste management firm for waste-to-energy projects
Danantara Indonesia has announced the establishment of PT Daya Energi Bersih Nusantara (PT Denera), an integrated waste management company designed to serve as the holding entity for all Waste-to-Energy (WtE) or Pengolahan Sampah menjadi Energi Listrik (PSEL) project implementation across the country.
Indonesia will advance healthcare outcomes with value-based digital health – BMI
Indonesia's new digital health toolkit, developed by Indonesian health leaders in partnership with researchers at Australia’s Monash University, will support a shift to value-based digital health, BMI Country Risk and Industry Research said Wednesday.
