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SME Financial Platform KoinWorks Secures US$108 million Funding

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...

Can Bukalapak End Its Losing Streak?

The shares of Indonesia ecommerce giant Bukalapak fell again earlier this week as Indonesia continue to witness capital outflow. In fact, the shares of...

Indonesian SMEs Accelerate Economic Recovery

The pandemic started a global crisis which ravaged economies and businesses around the world. It has certainly brought everything to a standstill and forced...

The Massive Potential For FinTech In Southeast Asia

It is almost certain that when we talk about financial technology (fintech) development in Asia-Pacific, the focus usually shifts on China or even India...

Top Indonesia Bank Bolsters Digital Arm to Fend Off Gojek And...

PT Bank Central Asia (BCA) will invest $200 million into its digital arm to fend off competition from tech giants Gojek and Sea Ltd....

Indonesia Consumers Turn Pessimistic In July, Confidence At 10-Month Low

Indonesia consumer confidence fell to a 10-month low in July as the latest outbreak of COVID-19 and mobility restrictions imposed by the government cast...

Indonesia Exits Recession With 7% GDP Growth In Q2, But Virus...

Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery...

Record $4.9 Billion Raised In South-East Asia IPOs In First Half...

Companies in South-east Asia raised a record US$4.9 billion through initial public offerings (IPOs) in the first six months of this year, according to...

South Korea Aims To Update Free Trade Agreement With ASEAN

South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further...

Bank Indonesia: Sharia Growth Overtakes National Economic Growth

The growth rates of the sharia economy in 2020 and early 2021 have been better than those of the national economy, Bank Indonesia (BI) has said. "In...

Goldman Sachs Says Covid Delta Variant Could ‘Significantly’ Hit Growth In...

Covid-19 infections are surging in several major Southeast Asian economies, and that has led Goldman Sachs to cut its 2021 growth forecasts for most...

After Acquiring Gojek’s Thai Operations, Can An AirAsia Superapp Soar In...

Low-cost carrier AirAsia has stepped up its digital ambitions by acquiring tech behemoth Gojek’s operations in Thailand, but industry watchers say the airline faces...

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