Digital Money Bags

DANA, one of the country's largest e-wallet platforms, is looking to expand its customer base throughout the archipelago.

Forward Momentum

Bukalapak’s CEO Rachmat Kaimuddin must battle big rivals and the pandemic for Indonesia’s e-commerce market—with help from a historic IPO.

Beyond Noodle

Already a leading healthy consumer brand in Indonesia, Lemonilo continues to diversify its product range into a healthy lifestyle ecosystem.

Dekoruma Raises $15 Million of Series C1

Home and living platform, Dekoruma has completed a $15 million funding round recently, led by Nexter Ventures by SCG Cement-Building Materials and KTB Network. Existing investors, GDN, OCBC NISP Ventura and Fundamental were also joined the round.

Burning Bright

ARSJAD RASJID NAVIGATES INDIKA ENERGY THROUGH CHALLENGING TIMES. NOW HE POSES FOR A NEW ROLE AT KADIN.

CHARTING NEW WATERS

PONTIAC LAND’S EVAN KWEE IS PUSHING PAST THE PANDEMIC WITH A NEW RESORT DEVELOPMENT IN THE MALDIVES, AS PART OF THE KWEE FAMILY’S EXPANSION OUT OF SINGAPORE AND INTO THE GLOBAL HIGH-END HOSPITALITY MARKET.

Human Transformation: Beyond Digital Adoption

Digital transformation coupled with the development of increasingly advanced technology - artificial intelligence, big data, 3D printing, blockchain, augmented reality, and so on – has seen digitalization slowly, but surely, impact almost all areas of our lives, especially over the last five years.

Gold Bullion: To Have and To Hold

GOLD OUTLOOK

The Nappy Winner

With promising growth ahead, Uni-Charm Indonesia prepares to be at the forefront of disposable hygiene products

THE ACCIDENTAL BILLIONAIRE

ALI GHODSI WAS HAPPILY RESEARCHING AI AT BERKELEY WHEN HE HELPED INVENT A REVOLUTIONARY BIT OF CODE— AND HE WANTED TO GIVE IT AWAY FOR FREE. BUT FEW WOULD TAKE IT UNLESS HE CHARGED FOR IT. NOW HIS STARTUP IS WORTH $28 BILLION, AND THE CAREER ACADEMIC IS A BILLIONAIRE WITH A REPUTATION AS ONE OF THE BEST CEOS IN THE VALLEY.

SINARMAS GROUP ACQUIRES A COAL MINE IN AUSTRALIA

Sinarmas’ Golden Energy Mines’ subsidiary, Stanmore Coal Ltd, acquired the Millennium and Mavis Downs Mine from Peabody Energy Australia last month. Located in Moranbah, Queensland, Australia, the acquisition was taken under MetRes Ltd, a joint venture company with M Resources Trading Pty Ltd with upfront cash of A$1.25 million and a royalty agreement for $1.25 million.

LEGENDARY PASS

CHOPARD, a Swiss manufacturer and retailer of luxury watches, jewelry, and accessories, introduced the Mille Miglia Classic Chronograph Raticosa, a limited edition timepiece inspired by the classic Italian road race, The Raticosa Pass.

Recklessly Endangering Our Health

At a time when Washington routinely complains about China stealing our intellectual property, the Biden administration has announced that it supports what would be one of the most destructive thefts of intellectual property in U.S. history.

Opportunity in the Shrimp Industry

Blessed with abundant natural resources, Indonesia is well known as the world’s largest producer of crude palm oil as well as its fifth-largest coal producer, the largest nickel producer, the second-largest tin producer and second-largest rubber producer.

SUSTAINABLE LUXURY

THE MACALLAN single malt Scotch whisky has teamed up with Bentley Motors to positively impact the environment. Through uniting The Macallan’s mastery of whisky-making with Bentley’s expertise in manufacturing luxury cars, the collaboration aims to create immersive experiences and inspirational products delivering timeless luxury, all balanced with a commitment to a more progressive world.

GudangAda raises $100 million of Series B

GudangAda, a B2B ecommerce platform, announced raising a $100 million series B, with Asia Partners and Falcon Edge leading the funding. Existing investors such as Sequoia Capital India, Alpha JWC Ventures, and Wavemaker Partners also participated in this oversubscribed round which exceeded the initial target of $75 million. This brings GudangAda's total raised funding to $135 million.

EMTEK INVESTS $375 MILLION IN GRAB INDONESIA

Country’s media conglomerate, PT Elang Mahkota Teknologi (Emtek), invested as much as $375 million in ride-hailing giant Grab Indonesia, forming a strategic alliance as the battle for dominance Southeast Asia’s fastest-growing digital economy heats up.

FRONTRUNNER

The recent surge in COVID-19 cases has thrown the country into yet another crisis. From around 6,000 new cases a day during May 2021, cases rose dramatically in the following weeks reaching over 20,000 a day by the end of June, forcing the government to impose another lockdown from early July.

Brewing Time

Owner of the largest coffee shop chain, Jiwa Group takes on the future of coffee consumption in Indonesia

Gearing Up

Local EV producer Volta advances to lead Indonesia’s electric motorbike market

Sign Here

PrivyID provides e-signatures to simplify business process during the current COVID-19 pandemic.

Championing Startups

Arya Setiadharma fuels the gap between early and later-stage startup investments through Prasetia.

ANTHONI SALIM INVESTS RP 1 TRILLION IN DATA CENTER

Last May, billionaire Anthoni Salim topped up his shares at PT Data Center Indonesia Tbk (DCI) by adding 192.74 million shares worth Rp1.01 trillion.

Inflation Risk

As the global vaccine rollout proceeds and the post-pandemic economy recovery story gets nearer, the global market narrative about rising inflation and the risk of the U.S. economy overheating turned more mainstream.

CHANGING LANES

EV billionaire William Li is chasing growth overseas. His first step—entering the European market via Norway.

Steadfast Delivery

Farian Kirana aims to grow Lion Parcel to a Rp 1 trillion company and take it public.

Healthy Start

Setting a new milestone amid the pandemic, Pyridam Farma aims to boost innovation in Indonesia’s pharmaceutical industry

The Friendly Assassin

David Vélez SET OUT TO KILL OFF THE FAT FEES AND LOUSY SERVICE OF BRAZIL’S BIG BANKS. THE OPERATION SUCCEEDED BEYOND HIS WILDEST DREAMS: TODAY, HIS NO-FEE Nubank IS THE MOST VALUABLE DIGITAL BANK IN THE WORLD, WITH 35 MILLION CUSTOMERS—AND HE’S GUNNING FOR MORE.

Why ASEAN's Gig Economy is Key to Winning the Digital Banking War

ASEAN’s gig economy was in its nascent stages in 2018 when a KellyOCG report found that most hiring managers were using freelancers to save costs, drive innovation, and keep a competitive advantage.

The Giant Awakens

HERY GUNARDI LEADS BANK SYARIAH INDONESIA TO TAKE ON THE GLOBAL ISLAMIC BANKING INDUSTRY.