Stanchart, Indosat target unbanked Indonesians with launch of Straight2Bank Wallet

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Standard Chartered Bank Indonesia (Stanchart) of UK is partnering with a local cellular operator PT Indosat Tbk (ISAT), unit of Qatar firm Ooredoo Group, to launch Straight2Bank Wallet for corporate clients in the country, taking advantage of the growing popularity of cashless payment mechanism in the country. Straight2Bank Wallet will… Read more »

Online catering startup BerryKitchen raises $1.25m Series A round led by Sovereign’s Capital

Online catering startup BerryKitchen.com has raised $1.25 million in Series A funding from Sovereign’s Capital, a US-based venture capital firm that is focused on early growth-stage investments in Indonesia and select other markets. The Indonesian firm, which was launched by Cynthia Tenggara and Ivan De Putra in 2012, claims to have… Read more »


Uber to set up official unit in Indonesia

 Uber Technologies, a San Francisco-based company that operates the ride-sharing smartphone application Uber, is slated to set up an official unit in Indonesia this year, sealing the company’s venture in Southeast Asia’s largest economy, Globe Asia reported. “We’re currently in the process of preparing documents to submit to the [Investment Coordinating… Read more »


Indonesia’s Telkom, Anabatic, Multipolar bank on growing data center business

State-run telecommunications giant PT Telekomunikasi Indonesia Tbk (TLKM), publicly listed information & technology (IT) firm PT Multipolar Technology Tbk (MLPT) and newly listed PT Anabatic Technologies Tbk (ATIC) are developing and expanding their data center business, targeting opportunities of market potential for data consumption in the country- a sector that… Read more »


Indonesia smartphones requires 30% local content starting 2017

Indonesia government requires all fourth generation (4G) FDD LTE smartphones use 30 per cent of the local components starting from January 2017. The requirement for the same will be 40 per cent for 4G TDD-LTE starting from 2019. Communications and Information Technology Minister Rudiantara signed a ministerial decree about the local content… Read more »


Five Indonesia mobile carriers ready to implement 4G LTE

Five mobile carriers PT Telekomunikasi Selular (Telkomsel), a unit of PT Telekomunikasi Indonesia (TLKM), PT XL Axiata (EXCL), PT Indosat (ISAT), PT Smartfren Telecom (FREN) and PT Tri Indonesia have announced their readiness to provide 4G Long-Term Evolution, or LTE services across the country, starting this year. The services will… Read more »


Indonesian gaming studio Toucten secures additional funding from GREE Inc, 500 Startups

Indonesia-based gaming studio Touchten revealed that it has secured a Series C round led by Japanese mobile and social firm GREE Inc, with US-based 500 Startups as a follow-on investor. The investment amount remains undisclosed, media reports said. Founded in 2009, the company first raised its Series A round of funding from Indonesian incubator and… Read more »


China based Rockchip sets up strategic cooperation with Indonesian ADVAN

Chinese fabless semiconductor company Rockchip and one of the largest Indonesian mobile phone and tablet manufacturers ADVAN have jointly announced that they will enter into comprehensive strategic cooperation to develop several communication and gadget products. Rockchip said in a statement that the products will be produced on the basis of the SoFIA 3G-R… Read more »


Philip Morris may raise $1.4b from stake sale in Indonesia’s HM Sampoerna

US based cigarette maker Philip Morris International Inc could raise up to Rp18.5 trillion ($1.4 billion) from share sale of 5.7 per cent  or equivalent 249.83 million shares of Indonesian unit PT HM Sampoerna Tbk (HMSP) based on Tuesday’s closing price at Rp73,875 per share. Philip Morris holds a 98.18 per… Read more »


Indonesia’s ADSKOM raises Series A from Geniee, Convergence Ventures & East Ventures

Programmatic advertising platform ADSKOM announced Wednesday that it raised an undisclosed amount in series A funding led by Japan’s Geniee. The two other firms participating in the round were Convergence Ventures in Indonesia, and existing investor East Ventures. Prior to this funding round, ADSKOM raised multiple seed-stage investments from Japan’s… Read more »