Indonesia

Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.

Indonesia-based digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo) has on Monday announced a strategic collaboration between its on-demand services unit Gojek and Google Maps, that will significantly enhance the mapping experience for its consumers, driver-partners, and merchants.

Maybank Investment Bank expects efficiency gains to accelerate the path to profitability of PT GoTo Gojek Tokopedia Tbk (GoTo), and it projects the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 1.5 trillion in FY25.

PT Fore Kopi Indonesia Tbk (Fore Coffee), a premium affordable Indonesian coffee chain, has on Friday announced its plan to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).

Vietnamese electric vehicles maker VinFast has signed a memorandum of understanding (MoU) with Indonesian vehicle distributor PT Aribi Amartapura (Amarta) to accelerate the expansion of its showroom network in Indonesia.

Indonesia-based telecommunications firm Telkom Group said Tuesday that it plans to implement LlaMa, a state-of-the-art, open-source AI model developed by global technology firm Meta, into the customer chatbots of its enterprise clients.

Indonesia-based property marketplace Rumah123 has established a strategic partnership with digital mortgage platform PT Ringkas Technology (Ringkas) to boost property financing in the country.

Indonesia's largest telecom operator Telkomsel has signed a mobile video advertising agreement with Novosol, a global mobile video advertising leader, to boost their revenue in the country.

Indonesian e-commerce firm PT Bukalapak.com Tbk announced Wednesday that its revenue rose 7 percent quarter-on-quarter in the fourth quarter of 2024, primarily driven by a strong 21 percent increase in marketplace revenue.

Tencent Cloud, the cloud business of global technology company Tencent, has announced the signing of a memorandum of understanding (MoU) with Indonesian cloud service company Mega Berjaya Teknologi, to support the acceleration of Indonesia’s digital transformation.