Mastercard and Grab have announced the “Small Business, Big Dreams” regional program to digitally upskill gig economy workers and small businesses in Indonesia, the Philippines, and Vietnam. The collaboration is part of Strive Community, a global philanthropic initiative developed by the Mastercard Center for Inclusive Growth and Caribou Digital. Strive...
According to IDC Asia/Pacific excluding Japan (APEJ) Datacenter Survey (2021), about one-third of organizations in Indonesia see sustainability as one of the key considerations when selecting a colocation provider. These organizations identify investments in renewable energy sources and green initiatives as the selection criteria. “Sustainability is becoming an important issue...
Indonesia’s business-to-business market platform for farmers AgriAku has secured US$35 million in a Series A funding round led by Alpha JWC Ventures as it looks to expand its team and product range. Existing backers Go-Ventures and MDI Ventures also joined the round, along with new investors such as BRI Ventures,...
Singapore has added Indonesia as a new source for the import of chilled, frozen and processed chicken, said the Singapore Food Agency (SFA) on 30 June. "Chickens from approved Indonesia establishments can now be imported in addition to existing sources such as Brazil, Thailand and Australia," said SFA in a...
Exabytes Network has partnered with Google Cloud to create SME Kick-Starter Bundles for SMEs in Malaysia, Singapore, and Indonesia. The three business bundles offer Google Workspace, along with a free domain and 50 gigabytes of free backup storage. The bundles aim to help SMEs to adopt and effectively utilise digital...
Bank Rakyat Indonesia (BRI), the country's second-largest lender by asset, said its loan disbursement to the SMEs, a segment in the first quarter this year had exceeded the level at the beginning of the pandemic Covid-19. The figure presents the latest positive signal for Indonesia's robust economic growth in the...
Indonesia's agriculture ministry has said that crude palm oil (CPO) shipments would be excluded from a planned palm oil export ban. The ministry said in a letter to local government leaders that the ban would however include refined, bleached and deodorized (RBD) palm olein. It was still unclear whether products...
DBS Foundation has launched a new grant for SMEs to kickstart their transition towards becoming more sustainable businesses. This is an extension of DBS Foundation’s ongoing support for SMEs, as it endeavours to foster the growth of businesses-for-impact, regardless of their stage of growth. Thus, the foundation has commenced its...
PT GoTo Gojek Tokopedia Tbk (GoTo) rose as much as 23 percent in its stock market debut today after Indonesia's largest tech company raised US$1.1 billion in a widely anticipated IPO, fuelling expectations of more tech offerings in a fast-growing sector. GoTo's shares rose to as much as 416 rupiah...
Boost has become the first fully digital financier in Southeast Asia to secure an investment-grade A1 rating from RAM Ratings for its maiden tranche of Senior Class A Medium Term Notes (MTN) of securitised financing receivables. The rating underscores Boost’s capabilities and competencies in accelerating financial inclusion through Boost Credit...
Indonesia has opened a quarantine-free travel corridor that allows people from Singapore to travel to Batam and Bintan, said Tourism and Creative Economy Minister Sandiaga Uno. The travel scheme is for people to visit Nongsa in Batam and Lagoi in Bintan, and they are not allowed to leave for other...
KoinWorks, an Indonesia-based financial platform for SMEs, has raised US$108 million in Series C funding led by MDI Ventures. The round included US$43 million in equity and US$65 million in debt capital for the working capital loans KoinWorks provides to its customers. The round brings KoinWorks’ total raised to US$180...

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