Analysis
Oversight of crypto is being transferred to the OJK from Bappebti.
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Shanghai presses ahead into secondary market with new 10b yuan fund
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Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Singapore’s Keppel set to raise over $2.7b across three funds this year
Schroders Capital’s $12.3b renewables arm to make next move in Asia
After blistering growth, Indonesia’s data centre firms shift focus to stability, margins
Vietnam-based Masan’s FMCG unit weighs IPO among fundraising options
Earnings and Results
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Competition, manpower shortage pose challenges as initial euphoria settles down.
Deals
A non-binding agreement may be reached in the coming months.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
People
Zoomcar is planning to expand its business to other parts of the country.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Policy & Regulations
There has not been any formal request from Alipay to Bank Indonesia.
The deal is expected to be closed by June.
Blending digital and physical distribution is vital for SE Asian digital banks, says CEO Coen Jonker.