By Ardi Wirdana
According to Korean media reports, IBK is also mulling an acquisition of another Indonesian bank before the end of this year.
The partnership with Tokenomy will allow tokenization of loyalty points issued by merchants and businesses in the region.
M Cash Integrasi will aim to leverage SMC’s technological expertise and reach in the country.
Crowdsourcing music site Kolase says it has raised $750,000 in funding from local VC firm Global Basket Mulia.
The announcement by XL Axiata comes after the company exited the e-commerce business in 2017 when it pulled out of its e-commerce platform Elevenia.
Grab has signed a multi-year MoU with Samsung to collaborate on a wide range of initiatives to enhance customer and driver experience.
Online budget hotel booking chain Reddoorz opens 20 new properties in Surabaya as part of its $10 million expansion plan in Indonesia
Toll road operator CMNP plans to raise funds from asset-backed securities in the first quarter of this year to fund its projects until 2019.
Ride Jakarta will utilize the investment to expand its physical fitness studio network and roll out digital fitness content for offsite users.
Kalbe, which gets about a third of its revenue from distribution and logistics, is open to roping in an equity partner for the unit, a top executive said.