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...
The shares of Indonesia ecommerce giant Bukalapak fell again earlier this week as Indonesia continue to witness capital outflow. In fact, the shares of Bukalapak have fallen by nearly 50% of its price from its initial public offering (IPO) three months ago. Earlier this month, the Central Bank of Indonesia,...
Earlier in November, central banks in Indonesia and the Philippines kept interest rates at record lows to support the countries slow recovery from the pandemic. Southeast Asia's largest economy, Indonesia, grew by a disappointing 3.51% in the third quarter as restrictions to control COVID-19 cases weighed on activity. The picture...
After 20 months of pandemic-induced restrictions and lockdowns, borders are in the reopening phase across Southeast Asia. Thailand opening of its border has already boosted tourism and given a ray of hope to the region's airline industry. More countries across Asia are now speeding up their reopening schedules to kickstart...

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