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Chamber of Commerce with support from Business Roundtable — has announced commitments in support of COVID-19 pandemic relief and response efforts in Indonesia and Southeast Asia. Indonesia now accounts for approximately one in five fatalities globally as it struggles with shortages of oxygen and hospital capacity.
On June 20, Indonesia's Temporary National Data Center (PDNS), which is operated by the Ministry of Communication and Information Technology, was compromised by a variant of the LockBit 3.0 malware called Brain Cipher. Like most modern ransomware, Brain Cipher exfiltrates sensitive data and encrypts it, also known as double extortion.
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This was the main idea, but the bigger thing we saw at the time was the advantage of Indonesia’s position as a large agricultural country with big potential in the seafood industry,” Aslam told TechCrunch. Series B round.
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. Sustainability is the team’s main focus, with a demonstrated commitment to building a better future for Indonesia. Founded in 2014, Waste4Change has seen a CAGR of 55.1%
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. A close look at Singapore’s thriving startup ecosystem. million people.
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M
Indonesias trade officials said Temus business model conflicts with local government regulations, which require a distributor or intermediary to be present in the product’s journey from factory to consumer.
In Indonesia, there are 33 million farmers and the majority are aged over 45 years. If nothing changes, within 10 years Indonesia will experience a farmer regeneration crisis.”. The startup currently has several collaborations in place with the Indonesian government. Eratani’s team. Image Credits: Eratani.
All fired up from my time in Indonesia, I thought, “Changing the world is so exciting! a cover letter that has generated many interviews for me and others who got nonprofit and government jobs. But what I found was that the books for getting started in making a difference with your writing were just DULL. Free Book Giveaway.
But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.
The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries. Visa is acquiring Plaid for $5.3
TikTok is reportedly nearing a deal that will help the short video app restart e-commerce operations in Indonesia, its second-largest market, nearly three months after it suspended its shopping feature in fear of being banned by the Indonesian government.
Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. Pluang’s latest round will be used to develop proprietary financial products to cover more asset classes, including government bonds.
Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. This year, it plans to focus on expanding within Indonesia because the F&B (food and beverage) market there is worth $137 billion and the Indonesian agriculture sector is still highly fragmented, Pamitra said. Rakuten and Beyond Next invest $1.4M
It is a young country as well — having gained independence in 1963 — and resides in a neighborhood with far larger economies, including China, Indonesia, and Vietnam. Numerous factors have contributed to building Singapore’s startup ecosystem, with government intervention and leadership being the dominant driving forces.
Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6
.” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures. Verihubs is currently focused on Indonesia, with plans to expand into other Southeast Asia markets eventually.
In addition to 352 cities in mainland China, Lalamove also operates in Hong Kong (where it launched), Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines and Thailand. Part of its Series D had been earmarked to expand into India, but Lalamove was among 43 apps that were banned by the government, citing cybersecurity concerns.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID). What downturn?
For 20 years, the global communications firm Edelman has studied the influence of trust across government, media, business, and nongovernmental organizations (NGOs). The media was trusted in nine nations and distrusted in 15, while government was trusted in eight nations and distrusted in 17.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Other customers include investment firms, banks and some of Indonesia’s largest conglomerates, including Sinarmas Group and Astra Financial.
The exchange is regulated in Singapore, Australia and Indonesia, and licensed in Thailand. Singapore’s government launches blockchain innovation program with $8.9 The startup, which plans to become a digital assets bank, says the round exceeded its initial target of $4 million. million in funding.
According to the World Bank, Indonesia produces 4.8 Octopus also points to Indonesian government regulations about waste collective referred to as 3R , or “reuse, reduce, and recycle,” that are meant to reduce the amount of plastic ocean debris in the ocean by 70%. billion on creating a circular economy for more brands.
Two of its largest markets are Indonesia and the Philippines. Doyobi has partnerships with educational platforms Leap Surabaya, Coderacademy and private schools like HighScope Indonesia, Mutiara Harapan Islamic School and Stella Gracia School. Doyobi wants to solve that problem by reaching students through their teachers.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). Founded in 2014, ACV’s portfolio now has over 120 investments in Indonesia and the rest of Southeast Asia.
Lieviant said they can also get government-guaranteed deposits with higher interest rates. The company also announced it has appointed Dr. Peter Jacobs, a former executive director of Bank Indonesia, as its commissioner, and will continue to hire for senior positions. Komunal raises $8.5M
Cheuk said the company’s initial markets in Southeast Asia will include Indonesia and Vietnam because government planning for smart cities and new infrastructure means new construction projects there will increase over the next five to 10 years.
BukuKas was founded by Menon and chief operating officer Lorenzo Peracchione, who met while working at Lazada Indonesia. of Indonesia’s gross domestic product. According to Bank Indonesia, the country’s central bank, there are about 60 million SMEs , though Menon says that number may range from 55 million to 65 million.
BYD plans to hire 20,000 employees in Zhengzhou in the first quarter as it boosts production capacity, government-run Henan Daily reported last month. The company also aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said in January.
Other hard-hit countries will include Nigeria, Indonesia, the Philippines, Pakistan, Sudan, and Niger. Indonesia is already experiencing this, and has planned to relocate its capital city of Jakarta entirely rather than try to keep the water at bay. The Arctic is predicted to be practically ice-free during summertime.
Temu is currently in talks with the Vietnamese government to resolve the issue. Governments are raising requirements on cross-border e-commerce, setting a raft of new policies in areas such as information disclosure, market competition, and consumer protection. Temu launched its Vietnam site in October. Yicai, in Chinese ]
The Singaporean government continues to create new initiatives that make it attractive to tech companies and entrepreneurs. Many already had investments in Southeast Asian companies and were eyeing markets there as well, particularly Indonesia. ” Government policy pays off.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., Also, the startup offers full-stack solutions ranging from discovery, pricing and payments to compliance, government contracts, delivery and performance tracking.
Solar power expanded rapidly in Vietnam from 2018 to 2020, helped by generous government policies, as it leaped past its neighbors and some richer nations like the United Kingdom. Vietnam is Southeast Asia’s second-biggest coal producer after Indonesia.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. Founder and chief executive officer Son Nguyen began learning how to build bikes from scrap parts while working as a software engineer in Silicon Valley.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. .
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. by exploring collaborations with the government, enterprise and telecoms over the next 12 months.
Xu declared that Thailand is one of Cherys strategic markets, along with Malaysia and Indonesia, after the Chinese manufacturer revealed plans in July to establish manufacturing facilities in the three countries as part of its expansion into Southeast Asia. Caixin, in Chinese ]
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts.
IntegrityNext raises $109M to help companies ensure their supply chain is ESG-compliant There’s a lot of politics around environmental, social and governance (ESG) investing policies for good reason: Compliance with ESG norms requires companies to examine the breadth and depth of their operations to ensure things are done responsibly.
Native to South Sudan and a handful of other African countries, including Congo, Central African Republic, and Uganda, excelsa is also farmed in India, Indonesia, and Vietnam. The government says companies can operate safely, but warned them to focus on business. Excelsa could play a key role in adapting.
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