Indonesia

Seven companies to relocate facilities to Indonesia, invest $850m (The Jakarta Post)

President Joko “Jokowi” Widodo announced on Tuesday that seven foreign companies had confirmed plans to relocate production facilities to Indonesia, mostly from China, an encouraging signal for the country’s investment...

Indonesia

BRI Ventures, a pioneer in venture capital for UMKM start-ups (The Jakarta Post)

Through Sembrani Nusantara, BRI Ventures is set to raise Rp 300 billion from investors that will be distributed in the form of participating shares for start-ups in Indonesia. The investors...

Indonesia

Allianz Indonesia expands digital services as more people stay home (The Jakarta Post)

Insurance provider PT Asuransi Allianz Life Indonesia launched an end-to-end digital service on Wednesday to sell its products following a recent Financial Services Authority (OJK) announcement allowing digital insurance marketing....

Indonesia

Facebook, PayPal join list of Gojek’s high-profile investors (The Jakarta Post)

The funds would be used to focus on increasing digital economic growth in Southeast Asia, especially payment and financial services inclusion for small and medium enterprises (SMEs), said the decacorn, which...

Thailand

Thailand leads ASEAN in 5G rollout due to pandemic (Nikkei Asian Review)

Thailand's top two mobile operators Advanced Info Service and True Corp. are racing to deploy 5G networks at hospitals to lend support to doctors and medical personnel fighting the coronavirus. AIS on May 11 revealed...

Indonesia

Indonesia must tread carefully in considering new digital tax (The Jakarta Post)

Like many countries in the Asia Pacific, Indonesia is involved in negotiations at the Organization for Economic Cooperation and Development (OECD) to achieve international consensus on tax challenges arising from...

ASEAN

Driving adoption of real-time payments in Asean (The Business Times)

Recognising the opportunity presented by the propensity of the population to adopt digital payments, and their evident role in driving financial inclusion, governments in ASEAN have been fast transforming their payments...

Indonesia

In challenging times, digital economy and e-commerce can chart a path toward recovery (The Jakarta Post)

While an economic slowdown seems unavoidable, this is a window to leverage the power of the internet and accelerate the pace of digitalization to help mitigate risks. Indonesia's digital economy,...

Indonesia

Facebook, Indonesian firms in early talks for mobile payment approval: Regulator (CNA)

Three Indonesian digital fintech firms are working with Facebook Inc to apply for regulatory approval to launch mobile payments in the country, an official at the financial regulator said. The...

ASEAN

Real estate agents urged to diversify portfolio, use digital technology (Edge Prop)

Secretary-general of ASEAN Real Estate Network Alliance (ARENA) K Soma Sundram said immediate planning should be taken by leveraging the use of technology and digitalisation to make themselves known in the digital...

ASEAN

ASEAN Economy & Enterprise Digital Transformation Projects amidst COVID-19

To curb the COVID-19 outbreak, countries in ASEAN have implemented measures such as shutting down their borders, public places and enacting social distancing and quarantine procedures. Many enterprises have turned...

Indonesia

Microsoft Teams Up with Telkomsel to Develop IoT and AI in Indonesia (Kompas)

Microsoft and Telkomsel agreed to do a new partnership. In this partnership, the two companies strive to bring a number of the latest technology to remote areas in Indonesia. The two...

Indonesia

Microsoft wants to invest in Indonesia data centers, says Indonesian president (REUTERS)

Microsoft Corp is keen to invest in data centers in Indonesia which will soon make regulatory changes to facilitate the move, the country’s president said after meeting with the software...

ASEAN

Relooking at 5G from an Enterprise ROI Perspective

The push for 5G is not a new phenomenon – however the allure of 5G’s enhanced capabilities is accompanied by the enormous capital outlays and operational requirements. A 2017 report...

Indonesia

Deepening its Reach in Indonesia, Alibaba Cloud Announces Its New Cooperation (Warta Ekonomi)

In order to encourage the development of digital transformation in Indonesia, Alibaba Cloud as the backbone of Alibaba Group's data intelligence announced the latest projects with Adira Finance, JNE Express, and MNC...

ASEAN

AMTD, Xiaomi gun for digibank licence with SP Group, Funding Societies (The Business Times)

Hong Kong financial services group AMTD Group has linked up with some prominent Singapore names as well as a familiar partner - Chinese tech giant Xiaomi Corp - to vie...

Southeast Asia

Bringing digital financial services to S-E Asia (The Business Times)

With a population of 570 million and a booming GDP expected to reach US$4.7 trillion by 2025, the six largest markets in South-east Asia - Indonesia, Malaysia, the Philippines, Singapore,...

ASEAN

How Smart Energy Management Systems Can Drive Transformation in ASEAN Countries

The Building Energy Management System (BEMS) market is growing rapidly in the Asia-Pacific region, and companies like NTELS are focusing on capturing this growth in ASEAN. Enterprise end-users such as TCC Assets (a developer in...

Indonesia

Here's Indra Utoyo's Tactics to Turn BRI Digital Bank into Trillions of Assets (Republika)

Bank Rakyat Indonesia has Indra Utoyo in the position of Director of Digital and Information Technology (IT), the captain who is expected to be able to bring BRI into the country's digital bank. The oldest...

ASEAN

'China + 1' hedge will keep Asean in spotlight (The Business Times)

In a report sent in late November, Maybank Kim Eng senior economist Chua Hak Bin said that a US-China partial trade deal will not halt the supply chain from shifting...