For 29-year-old Aprilia Ayu Ramadhani, or Lia, jewelry is not merely a collection of accessories, but a lifesaver. When her car broke down recently, requiring millions of rupiah for the repair, she went to a gold store to trade in her jewelry in return for the cash she badly needed. “It may not always be […]
Read MoreGo-Jek and Grab started their businesses by offering ride-hailing services in their respective home countries, taking different steps to attract consumers. Later, they expanded their services and became a duopoly in Southeast Asia. In their race against each other to become the first “super app” in Indonesia, Go-Jek and Grab are increasingly similar in terms […]
Read MoreJAKARTA, March 6 (Xinhua) — Consumers in Indonesia stoked confidence on the country’s economy as the consumer confident index was relatively stable in February, a survey of the central bank showed here on Wednesday. Consumer confidence index of the Indonesian central bank, Bank Indonesia, touched 125.1 in February compared with 125.5 in January. It came […]
Read MoreThe world’s top producers of natural rubber will curb exports by 240,000 tonnes for four months from April, they said on Wednesday, in a bid to prop up global prices for the commodity. The move was first announced in late February, following a meeting of the International Tripartite Rubber Council (ITRC), which comprises Thailand, Indonesia, […]
Read MorePETALING JAYA: The country’s key interest rate could be cut in the next four months, considering Bank Negara’s more cautious tone on the Malaysian economy recently, says AmBank Research. The research firm said in a note it expected the central bank’s Monetary Policy Committee (MPC) to slash the benchmark overnight policy rate (OPR) by 25 […]
Read MoreGrab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our […]
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