Deals
The company plans to open its first 5-7 Ace Hardware outlets in Greater Jakarta soon.
1
ID Digest: MAPI to relaunch Ace Hardware; Lion Group to invest in stablecoin developer
2
Swedfund commits $15m to Navegar III to aid SME financing in PH
3
Anthropic accuses Alibaba of illicitly extracting Claude AI model capabilities
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India: IFC proposes $73m investment from own account in Sify Infinit
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Future Group to invest in global infrastructure with Aberdeen Investments
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SG’s StashAway cuts cash burn, revenue jumps 44% in 2024
A co-founder vehicle has fully exited the company.
Policy & Regulations
They are also prohibited from guaranteeing returns or promoting unlicensed products.
Analysis
Beijing is clamping down on the export of its tech know-how.
MSCI in April extended its review of Indonesian markets to June.
People
Google Cloud has appointed Karim Siregar as its country director for Indonesia.
Indonesian President Prabowo Subianto first announced an 8% cap on commissions on May 1.
IPOs & Markets
A downgrade could trigger as much as $13 billion in outflows from Indonesian equities.
Danantara unit raised an upsized $1.5 billion in its debut U.S. dollar bond sale.
The development confirms a DealStreetAsia report earlier in March.
