Ride-hailing app Go-Jek is Indonesia’s first decacorn after its valuation hit US$10 billion, according to research institution CB Insights, in its Global Unicorn Club report. CB Insights places Go-Jek in 19th position, below its competitor Grab, the valuation of which has been is recorded at $11 billion. Uber is still in the top position with total valuation of $72 billion. […]
Read MoreVeerathai Santiprabhob, governor of the Bank of Thailand (right), and Perry Warjiyo, governor of Bank Indonesia, have signed a deal on payment systems and financial innovation on Thursday in Chiang Rai. The agreement aims to promote closer cooperation between the two central banks in digital innovation in payments and financial services, cross-border payments and supervision […]
Read More[JAKARTA] Bank Indonesia is keeping interest rates unchanged for the moment given global uncertainties, and will turn to macro-prudential policies to support economic growth, governor Perry Warjiyo said. “Our monetary policy is always forward-looking and ahead of the curve,” Mr Warjiyo said in an interview with Bloomberg Television’s Haslinda Amin in Chiang Rai in Thailand. […]
Read MoreMANILA, Philippines — Indonesian firm PT Mayora Indah Tbk is pouring in over $80 million worth of investments over the next five years for a coffee production and processing facility in Batangas. In a statement, Mayora, which is behind the popular Kopiko coffee brand, said it has entered into a memorandum of understanding with Lima Land Inc. for the […]
Read MoreDevelopers are continuing to build more retail spaces in Jakarta, although the vacancy rate is increasing on the back of poor sales performance. The property consultancy Savills Indonesia. estimated that 321,086 square meters of new retail spaces would be developed in Jakarta in 2019-2021, of which 54 percent would target the upper class market segment and 46 percent would […]
Read MoreBitcoin briefly touched $5,000 on Tuesday, its highest level since late November, while other cryptocurrencies also surged. On the Luxembourg-based Bitstamp exchange, Bitcoin rose as much as 20 percent in Asian trading to briefly touch the $5,000 mark before settling at $4,730 by 0700 GMT, up 14 percent on the day; still its biggest one-day […]
Read More
Thailand
