Indonesia
ASEAN exchanges commit to advance ASEAN as an attractive region
Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.
Telin partners BW Digital to enhance DC-to-DC connectivity with new Indonesia-Singapore cable
PT Telekomunikasi Indonesia International (TELIN) and BW Digital have announced a strategic partnership to develop and construct the Nongsa-Changi submarine cable system linking Batam and Singapore.
Lion Parcel partners Salesforce to optimize customer service through generative AI integration
Lion Parcel, a logistics service provider in Indonesia, has partnered with Salesforce, the United States-based artificial intelligence (AI) customer relationship management firm, to optimize customer service through generative AI integration.
Sumsub partners Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia
Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.
Vinfast invests $1.2B to build local assembly plant in Indonesia
Vietnam’s electric vehicle (EV) manufacturer VinFast has officially entered Indonesia earlier this year, setting up a new dealership in the Jakarta suburb of Depok and announcing it will soon invest $1.2 billion to build a local assembly plant with a capacity of 50,000 cars per year.
PT Energi Selalu Baru secures strategic investments from LX Ventures, SAIC Capital in pre-series A fundraising round
PT Energi Selalu Baru (ESB), a electric vehicle (EV) subsidiary of PT NFC Indonesia Tbk (NFCX), MCASH Group, has garnered substantial investments from LX Ventures and SAIC Capital during its pre-Series A funding round.
Malaysia & Indonesia emerge as prime beneficiaries in Asean amid data center boom
“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.
South Korea’s Hyundai & LG Energy open Indonesia’s first battery cell plant – report
Hyundai Motor Group and LG Energy Solution opened a $1.1 billion battery cell plant in Indonesia.
Indonesia’s Elevarm partners Amartha, Rabo Foundation & Scala in global collaborations to grow pro-farmer financing product
Indonesia-based integrated farming productivity platform Elevarm has secured $1 million investment from Dutch financial services firm Rabo Foundation and Japanese information technology firm Scala and Indonesian fintech firm Amartha.
Indonesia’s Xurya raises $55M in funding led by Norwegian Climate Investment Fund
Xurya, a renewable energy company offering rooftop solar rental without initial cost in Indonesia, has announced receiving an additional $55 million investment. The deal was led by the Norwegian Climate Investment Fund managed by Norfund, with participation from Swedfund, Clime Capital as the manager of SEACEF II, British International Investment (BII), and…
