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Gojek CEO and founder Nadiem Makarim said on Monday he had resigned from the ride-hailing and payments company to join the cabinet of Indonesian President Joko Widodo. “I have received a big honor to be able to join the cabinet,” Makarim told reporters at the…
Low-cost carrier AirAsia commenced flights from Jakarta to Belitung, Bangka Belitung, on Tuesday as well as from Kuala Lumpur, Malaysia, to Belitung on Wednesday. The inauguration ceremony on Wednesday was marked by handing out flowers and souvenirs to…
AirAsia launched new services from Kuala Lumpur and Jakarta to the island of Belitung in Indonesia this week. The new four weekly services from Kuala Lumpur will support the Indonesian government’s agenda to develop ’10 New Bali’ destinations. It follows the…
AIA Group joins a club of high-profile investors to participate in the ride-hailing and payments company’s latest funding round. The Indonesian unit of AIA Group, AIA Financial, has invested in Indonesia’s Gojek as part of the latter’s Series F fundraising…
Grab is looking to gain pole position in Indonesia’s budding digital payment market, reportedly exploring a merger between two major players – a local entity it owns and another one backed by China’s Ant Financial. A merger between Grab-backed ONO and…
A new online registration system has been introduced by Indonesia’s financial regulator to monitor and further encourage the growth of fintech development in the country. The Financial Services Authority (OJK) launched the «Electronic Gateway for Digital…
Indonesia’s economy is projected to be three times the size of Australia’s by 2030 – and the GDP of the world’s most-populous Muslim population will rise from $3.2 trillion to $10.1 trillion by the same year*. Those figures are driving top international…
Indonesia’s decision to relocate its capital from Jakarta to eastern Borneo is already attracting speculators and inflating land prices, according to a local industry body, which is urging President Joko Widodo to take measures to differentiate between pure…
Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday. Details of the stake were not known and the source did not want to be identified as the…
Japanese clothing retailer Uniqlo in Indonesia is set to launch new outlets in Batam, as well as Jakarta and Bekasi next month. The Batam store, opening in the Grand Batam mall in Penuin, Lubuk Baja, will be the first Uniqlo in Indonesia to be located in the…
Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday. The last decline from a year earlier was in January last year when retail sales also dropped…
AirAsia won for the 11th time at the prestigious Skytrax World Airline Awards as the world’s best low-cost airline during the Paris Air Show in Le Bourget, Paris, France, in the middle of June 2019. But despite the awards, it has never let itself get…
The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry (STI), the bank said in a press…
Low-cost carrier AirAsia is launching three new routes for direct flights from Jakarta to Sorong, West Papua; Lombok, West Nusa Tenggara; and Semarang, Central Java. These flights will start operating on Sept. 1 using the Airbus A320 plane with a 180 seat…
Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options…
Indonesian brand Palm Lagoon, which specialises in resort wear, has opened at Bali’s Trans Studio mall. The 207sqm boutique offers a curated selection of apparel, footwear, bikinis, swimwear, bags, sunglasses, watches and jewellery, targeting women and men.…
