Sinbad provides platform for retailers to order from manufacturers and distributors JAKARTA — Indonesian B2B commerce company Sinbad is set to close a funding round of about $15 million to $20 million as it seeks to bolster its position in the competitive supply chain business, DealStreetAsia has learned. Founded in 2018, Sinbad provides a platform […]
Read MoreJakarta. Flash Coffee, a coffee chain backed by Rocket Internet, plans to add more outlets in Indonesia and expand in more countries in Asia after securing $15 million in Series A funding led by White Star Capital, the company said in a statement on Wednesday. Flash Coffee is the latest coffee chain to compete in Indonesia’s […]
Read MoreIndonesia’s rupiah led declines for most of Asia’s emerging currencies on Thursday after a contentious proposal to expand the central bank’s mandate, that in the past sparked worries on its independence, received fresh support from the President. Stock markets in the region broadly edged higher, though Philippine equities, which have risen for three straight sessions, […]
Read More(Bloomberg) — President Joko Widodo is backing a push to expand Bank Indonesia’s mandate to include support for the economy, throwing his public support behind a legislative move that some analysts see as risking the central bank’s independence. Bank Indonesia shouldn’t just manage the currency, but also should support sustainable economic growth and job creation, […]
Read MoreJakarta. Today, the Indonesian young generation stands to benefit from its rapid growth and capital market development that present ample investment returns in the next few decades, Tourism and Creative Economic Minister Sandiaga Uno said on Wednesday. Sandiaga, one of Indonesia’s richest people, urged the young people aspiring to become financially independent to become long-term investors in equities and focus their […]
Read MoreJakarta. The International Monetary Fund (IMF) has revised on Tuesday its 2021 global economic growth projection upward as a boost from the United States giant fiscal stimulus would propel the global economy while emerging countries like Indonesia underperform. The IMF World Economic Outlook projected the global economy would recover from its 3.3 percent contraction last year to expand by 6 […]
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