Indonesia

Singapore-based super app Grab's revenue in 2025 grew 20 percent year on year, reaching a record $3.37 billion as the firm continued to grow to expand its user base, improve frequency and engagement in the platform, and optimize incentive levels.

PT Danantara Investment Management (DIM), a sovereign wealth fund of Indonesia, has opened registration for companies seeking to become prospective investment partners in Indonesia’s Waste-to-Energy (WtE) infrastructure program.

Indonesian tech giant GoTo Group, known for Gojek and Tokopedia, reported adjusted EBITDA of Rp2 trillion ($118 million) for the full year 2025, exceeding its previously issued guidance of Rp1.8 trillion to Rp1.9 trillion, according to the company’s Wednesday release.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

Artificial intelligence (AI) innovations developed by Indonesian women-led startups, such as hospital automation tools and inclusive communication platforms, are approaching Vietnam through a regional expansion initiative led by Indonesia-based Indosat Ooredoo Hutchison under its women-focused innovation program SheHacks.

Fynd aims to address these challenges through its unified AI-native commerce ecosystem. The platform integrates in-store systems, e-commerce, design, production, and supply chain management into a single architecture.

Indonesia said it has suspended TikTok's registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday.

Apple will soon obtain a local content certificate, which is needed for sales of the handset to be permitted.

The sovereign wealth fund is seen as the latest initiative by Prabowo to deliver on his ambitious economic growth target of 8 percent within his first term.

The company has been in discussions with the government over an investment package that would lift the restrictions.