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Ismawati Asmat

Translator/Content Writer

Articles, Links, and Press

Indonesia’s Jabarano launches first cafe in Australia

West Java Governor Ridwan Kamil officially opened the first Jabarano cafe in Melbourne.

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Digital bank Tonik raises $6 million in institutional funding round

With participation from regional family offices and angel investors, Tonik’s funding round led by VC investors Insignia Ventures Partners and Credence Partners.

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Japan and Malaysia plan aircraft industry cooperation

Malaysia said it aims to become the biggest aerospace nation in Southeast Asia by 2030.

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ThorCon International plans to build Indonesia’s first commercial nuclear power plant

Regions considered for the US$1.21 billion facility are Bangka Island, Sumatra and West Kalimantan.

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Japan’s MUFG invests over $700 million in Grab.

MUFG wants to offer financial services and loans to Grab users.

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Indonesia reports deficit in January on slowing trade with China

Indonesia's exports to China dropped significantly to trigger a deficit in January.

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Alibaba reports strong revenue in Q4 2019

Results for next quarter may decrease due to slowing economy.

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Indonesia’s Gojek targets 100 million orders per month in Gofood

Gojek aims to continue its focus on empowering small and medium businesses.

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Malaysia’s Forward School secures US$500K in pre-seed funding from angel investors

The edutech startup currently offers bootcamps for Android and iOS app development, React Native development, data science, and user experience design.

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Indonesia to stop gas exports to Singapore in 2023

To cater to domestic demand, Indonesia’s Energy and Mineral Resources Ministry has decided to stop gas shipments to Singapore in the next three years.

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Zenius receives new funds for expansion across Indonesia

Edtech startup Zenius has secured US$20 million in a Series A funding round led by Northstar Group.

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Japan’s H20 secures US$7 million in Series B funding

H20 has raised US$7 million in a Series B funding round from Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital.

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Grab acquires Singapore’s Bento Invest

The acquisition enables Grab to provide retail wealth management and investment solutions to users, driver-partners, and merchant-partners across the region.

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Indonesia's Arkademi secures funding from SOSV

Arkademi has announced the undisclosed amount of funding from SOSV.

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India’s Livspace receives US$60 million from Tahoe Investment and EDBI

European investment firm Kharis Capital, and Nicholas Cator, MD of Venturi Partners also participated in this funding.

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Indonesia’s Zulu receives undisclosed amount investment from Gojek

Zulu marks Gojek’s first investment in Indonesia’s consumer goods sector.

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Singapore’s Foodpanda launches on-demand delivery service

Foodpanda has launched an on-demand delivery service called Pandanow.

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Indonesia’s Blibli opens cashless physical store

Indonesian e-commerce Blibli has opened the first retail store to establish an offline presence, complementing the rapidly growing BlibliMart online grocery store.

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Grab introduces GrabCar Electric to support EV ecosystem in Indonesia

Grab has introduced its electric car fleet at Soekarno-Hatta Airport, Indonesia.

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RedDoorz launches affordable room rental service named KoolKost

Up to now, KoolKost has operated more than 100 property networks in 14 cities throughout Indonesia.

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AWS and Qualcomm to invest in Indonesia

Amazon Web Service (AWS) and Qualcomm have met Indonesia’s Minister of Communication and Information Technology Johnny G. Plate to convey their interest in investing in Indonesia.

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Indonesia’s KoinWorks signs deal to focus on SME lending

KoinWorks has signed an agreement with the government to provide training, mentoring and access to lending to around 4,900 SMEs.

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Bank Negara Malaysia unexpectedly cuts interest rate to 2.75%

The central bank in a surprise move cut its key interest rate by 25 basis points to 2.75% to protect economic growth.

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Indonesia’s Gredu receives investment in Pre-Series A round from Vertex Ventures

Edtech startup Gredu has raised undisclosed amount investment in its Pre-Series A funding round from Vertex Ventures.

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Indonesia’s Hacktiv8 secures $3 million in pre-Series A round led by East Ventures

The funding round also involves other investors, including Sovereign’s Capital, SMDV, Skystar Capital, Convergence Ventures, RMKB Ventures, Prasetia, and Everhaus.

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Singapore’s TurtleTree Labs secures pre-seed funding

TurtleTree Labs has raised an undisclosed amount of pre-seed funding in a round led by Lever VC.

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Singapore’s BreadTalk Group expects loss for FY 2019

Due to weakness in bakery and food concept divisions, coupled with the turmoil in Hong Kong, BreadTalk Group is likely to report a loss for the financial year ended December 31, 2019.

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START organizes BaseConf 2020 powered by Techsauce Global Summit

Organized by startup ecosystem builder, START, in collaboration with Techsauce, BaseConf 2020 is the first-ever technology conference held in Iskandar Malaysia.

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Indonesia’s Moladin receives funding from East Ventures in pre-Series A round

The Jakarta-based e-commerce platform for motorcycles has received an undisclosed amount of funding in its pre-Series A round led by East Ventures.

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Clobotics bags $10 million in pre-Series B+ round

In pre-Series B+ funding, AI and drone startup Clobotics has secured US$10 million from Tiger Investment.

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SC Malaysia publishes regulation for IEOs

Securities Commission Malaysia (SC) has published guidelines for crypto IEOs while banning ICOs.

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Malaysia’s StoreHub receives US$8.9 million from Vertex Ventures

Previously, the startup has secured US$5.1 million in Series A funding in 2018 also led by Vertex Ventures.

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Indonesia’s Waresix secures US$11 million in extended Series A round

Indonesian trucking and warehousing platform Waresix has bagged US$11 million from EV Growth and Jungle Ventures in an extended Series A round.

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The 5th ASEAN Rice Bowl Startup Awards to be held on 15 & 16 January

The anticipated event will be held at Sasana Kijang, Kuala Lumpur.

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Thailand’s Lightnet bags US$31.2 million from UOB

Thailand’s fintech company Lightnet has raised US$31.2 million in Series A funding round led by UOB.

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Hong Kong’s Betatron announces US$500k investment per startup in 6th cohort

Betatron will invest up to US$500,000 in each startup joining the next round of its program.

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GrabKitchen launched in Singapore

As part of Grab’s 2020 expansion strategy, the ride-hailing giant in Southeast Asia has launched its first cloud kitchen in Singapore.

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Hong Kong’s Dash Living acquires Singapore’s Easycity

Hong Kong’s Dash Living has acquired Singapore’s Easycity to become one of the largest players in the Asia Pacific.

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Indonesia anticipates possible oil price hike on intensifying US-Iran conflict

The killing of a top Iranian general by the US military will have an impact on Indonesia, specifically on oil prices.

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China’s Caocao launches trial service in Paris

Chinese ride-hailing platform Caocao launched its trial service in Paris last week.

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Singapore economy expanded just 0.7 percent in 2019, affected by US-China trade war

As the US-China trade war hit global markets, Singapore's economy grew just 0.7 percent in 2019.

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Indonesia’s Blue Bird to roll out 200 e-taxis in 2020

Indonesian taxi company Blue Bird will add 200 electric vehicles to its fleet this year.

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Xiaomi focuses investment in 5G and AI over next five years

More than 50 billion yuan ($7.18 billion) will be invested by Chinese smartphone maker Xiaomi Corp in artificial intelligence and fifth-generation internet technologies over the next five years.

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India slashes tax on palm oil imports from ASEAN countries

After a request from suppliers, India has decided to cut import taxes on crude and refined palm oil from Southeast Asian countries.

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Microsoft discontinues Windows 7 support

Microsoft will stop providing security updates and support for Windows 7 starting January 14.

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Indonesia plans fixed fees for e-wallet transactions

Indonesia’s central bank has had talks with some of the biggest electronic payment providers about imposing uniform fees on QR code transactions at 0.7 percent.

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WhatsApp to launch “self-deleting texts” feature in 2020

WhatsApp will introduce self-destructing messages to its messaging app in 2020.

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Grab and Singtel to set up digital bank in Singapore

Singapore Telecommunications (Singtel) is partnering with Grab to apply for a full digital banking license.

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Indian and Chinese tourists will not need visa to enter Malaysia

From January-December 2020, tourists from China and India will not be required to have a visa to enter Malaysia.

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Hong Kong’s TravelFlan bags $7 million in series A funding

TravelFlan has secured US$7 million in series A funding round led by Sogong PinPoint Kclavis AI Travel Tech Fund.

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Vietnam’s Bus Booking Startup Vexere secures funding from Access Ventures

Vexere has raised an undisclosed amount of funding from Woowa Brothers, Ncore Ventures, and Access Ventures.

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Indonesia’s Ruangguru bags $150 million in Series C funding

Indonesian edtech startup Ruangguru has secured $150 million in Series C funding led by General Atlantic and GGV Capital.

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Indonesia Customs Office: Import Shipment Valued At $3 Or More Must Now Pay Import Tax

This move aims to control purchases of cheap foreign products and protect small domestic firms.

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Indonesia’s Untar partners with GoPay to introduce QRIS payment on campus

Tarumanagara University (Untar) and GoPay have signed a partnership for the implementation of the QRIS-based integrated payment system within the campus area.

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Facebook acquires cloud gaming startup PlayGiga

Facebook has acquired Spanish video gaming firm PlayGiga in a bid to gain footprint into the cloud game streaming market.

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Indonesia’s Kopi Kenangan receives funding from Jay-Z and Serena Williams

Kopi Kenangan announced that it had received Series A extension funding participated by Jay-Z and Serena Williams.

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India’s Open Secret receives funding from Matrix Partners

Open Secret, a Mumbai-based food and beverage startup, has secured an undisclosed amount of seed funding led by Matrix Partners.

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Facebook to build its own OS

Facebook is developing its own operating system from scratch in an effort to lessen its dependence on Android and iOS.

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Indonesia’s LinkAja introduces new CFO

Indonesia’s e-money platform LinkAja introduces Ikhsan Ramdan as its new Chief Financial Officer.

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Co-working space provider WeWork secures $1.75 billion funding from Goldman Sachs Group

WeWork announced on Tuesday that it has secured $1.75 billion in new financing in a fundraising push led by Goldman Sachs Group Inc.

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Indonesia’s GDP growth to further decline to 4.7 percent in 2020

Moody’s Investor Service said Indonesia’s gross domestic product is expected to grow by only 4.9 percent this year and further decline to 4.7 percent in 2020.

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Indonesia’s Gojek shuts down 5 services in GoLife

Stagnant business performance has pushed Gojek to shut down 5 of its GoLife services.

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Indonesia’s Gojek plans to buy 5% of Blue Bird

Gojek is on its track to reach an agreement to buy 5% of the largest taxi operator in Indonesia, Blue Bird.

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Macau to become financial hub as unrest continues in Hong Kong

As unrest continues in Hong Kong, Chinese President Xi Jinping plans to announce policies aimed at diversifying Macau’s economy.

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India’s Ninjacart secures funds from Walmart and Flipkart

An undisclosed amount jointly invested by Flipkart and Walmart in Ninjacart.

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One of Johor's largest tech conferences, BaseConf, is happening this January.

The conference is hosted by START Malaysia and Techsauce Thailand

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Grab’s latest feature, GrabDriveYourCar, launched in Thailand

GrabDriveYourCar helps you find a driver to drive your car to the drop off location.

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Malaysia’s Exabytes launches 'Website for All' in Indonesia

Malaysian-based hosting provider Exabytes has launched

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Gojek founders participate in series A funding for Indian startup m.Paani

Two Indonesia’s Gojek founders, Kevin Aluwi and Ryu Suliawan, participated in a $5.5 million series A funding round for Indian digital retail platform m.Paani.

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China launches driverless train for commercial line

For the first time, China launched its Autonomous Rail Rapid Transit (ART) for commercial use in the Sichuan city of Yibin.

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Indonesia’s Evermos secures $8.25 million in Series A Funding

The funding round led by Jungle Ventures with the participation of Shunwei Capital and Alpha JWC.

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Google and Facebook plan to set up data centers in Indonesia

Communications and Information Minister Johnny G. Plate said Google and Facebook are considering setting up data centers in Indonesia.

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Grab launches GrabPay Card, partnering with Mastercard

GrabPay Card enables its users to access rewards ecosystem and conduct payments.

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Hong Kong’s Area28 receives over $2.1 million from Vectr and Alibaba

The funding round led by Vectr Ventures and Alibaba Hong Kong Entrepreneurs Fund, with support from APES Ventures, Bright Success Capital, and Ironfire Ventures.

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Online credit platform Kredivo raises US$90M to expand its lending business in Indonesia

The Series C funding round was led by Asia Growth Fund and Square Peg Capital.

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LITE-ON's Antenna Alignment and Monitoring Solution wins the 2019 International Innovation Award

The award validates LITE-ON’s successful transformation to a solution provider.

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Indonesia’s Komunal secures seed funding from East Ventures

Komunal announced that it has secured an undisclosed amount of seed funding led by East Ventures and Skystar Capital.

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Google announces 6% digital tax for Malaysian users started next year

To be in compliance with Malaysia’s new Sales & Services Tax, Google will charge a 6% Services Tax to its users in the country, starting from January 1, 2020.

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Indonesia’s OJK: Banks' loan growth in October at the slowest pace since 2016

Data from the Financial Services Authority (OJK) showed the disbursement of bank loans grew only 6.53 percent year-on-year in October, the slowest pace since 2016.

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Indonesia’s Lippo Group sells shares in OVO

Lippo Group decides to sell a portion of its shares in PT Visionet International (OVO) as it needs partners to develop the financial technology company.

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Halofina secures pre-Series A funding led by Mandiri Capital Indonesia

Without mentioning the amount, fintech startup Halofina announced the pre-Series A round of funding from Mandiri Capital Indonesia and Finch Capital.

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Mandiri Capital Indonesia to invest Rp 50 billion in 3 startups next year

Mandiri Capital Indonesia (MCI) targets fintech and insurtech startups as its top priority.

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Malaysian VC, RHL Ventures launches Accelerator program.

To grow local businesses focused on emerging technologies.

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Ant Financial to invest $1 Billion for startups in SouthEast Asia and India

The company also plans to seek a virtual banking license in Singapore.

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Luno announces its relaunch in Malaysia

Luno has received approval from the Securities Commission of Malaysia to operate as a Recognised Market Operator.

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Swingvy holds LIFT conference in Singapore, focused on workplace discussions.

The conference is expected to be held in Malaysia and Taiwan in 2020.

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Google is Partnering with Telkom to Launch Google Station in Indonesia

Google Indonesia introduced Telkom as its new partner in launching Google Station to provide high-quality wi-fi facility in the country.

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Chinaccelerator's Batch 16 Demo Day to kick off this Nov 27.

Nine rising startups in fintech, insurtech, SaaS, travel, social commerce, and more will unveil their innovative solutions to the world.

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PayPal Acquires Shopping Plugin Honey for $4 Billion

To take over Honey Science Corporation, the creator of e-commerce browser plugin Honey, PayPal has agreed to drop $4 billion.

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The US Passes Hong Kong Democracy Bill, Triggering China’s Ire

Aimed at supporting protesters in Hong Kong, the US Senate unanimously passed a bill.

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Carousell Merges with Mudah Malaysia via Telenor Group

Carousell signed an agreement with Telenor Group to merge with 701Search, the owner of Mudah in Malaysia, Cho Tot in Vietnam and OneKyat in Myanmar.

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Taiwan to gain US$22.9 billion from investments of returning businesses.

The US-China trade war has forced Taiwanese businesses in China to go back home.

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Singapore’s Eatsy Promotes Restaurant’s Queue Booking App in Jakarta

The Eatsy app will help users in booking queues and food in the restaurant.

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Biofourmis-Novartis Partnership to Launch Project in Southeast Asia

The project’s initial phase started this month and is expected to roll out across Southeast Asia.

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SoftBank's Yahoo Japan in merger talks with Line

Both Line and Yahoo Japan said discussions were underway but nothing had been decided.

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SouthEast Asia's Sea Group posted a loss of US$206 million in Q3.

Lower compared to the US$218 million loss it reported in the same period last year.

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Indonesian Pintek Receives Pre Series A Funding from GFC

Without revealing the number, Indonesian fintech company Pintek announced Pre Series A funding led by Global Founders Capital (GFC).

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