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PT TBS Energi Utama Tbk (TBS) has formalized a strategic partnership with the Asian Development Bank (ADB) and DBS Bank Indonesia to accelerate the adoption of electric motorcycles across Indonesia. TBS company’s US$15 million financing package comprises US$5 million each from the Asian Development Bank, DBS Bank Indonesia, and the Australian Climate Finance Partnership (ACFP), managed by ADB. This investment will bolster TBS’s initiatives through PT Energi Kreasi Bersama (Electrum), its joint venture with PT Gojek Tokopedia Tbk (GoTo). Read more at https://buff.ly/3DFabX9 #news #LatestNews #TBS #ADB #heaptalk #business #electric #motorcycles

Modalku Group has secured a $25 million equity investment from Cool Japan Fund (CJF), Japan’s sovereign wealth fund. The newly acquired funding will strengthen the group’s core SME financing operations across its five active markets: Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Additionally, the company aims to accelerate the growth of its payments business, which it launched in 2022. The partnership with Cool Japan Fund extends beyond financial backing. By leveraging Modalku Group’s extensive experience in supporting SMEs, the collaboration will cater to Japanese enterprises seeking to establish or expand operations in Southeast Asia. This initiative will enhance commercial ties between Japanese firms and local SMEs while promoting Japanese culture and lifestyle products in the region’s markets. Read more at https://buff.ly/4foaLWt #news #LatestNews #Modalku #CJF #heaptalk #fundraising #investment

Key Performance Indicators (KPIs) are critical tools for assessing and optimizing organizational performance. Effectively implemented KPIs allow businesses to streamline operations and align employee efforts with overarching company objectives. Research reveals that companies employing well-structured KPI systems can boost operational efficiency by up to 23%. Puja Altiar, Director at PT Cipta Daya Inovasi, highlighted how HuluTarget, a generative AI-driven HRIS platform, has transformed goal-setting and KPI implementation for businesses. Altiar also noted that HuluTarget supports data alignment, ensuring KPI frameworks are based on validated insights, enabling more effective execution. Read more at https://buff.ly/3VGMmVd #news #LatestNews #AI #business #heaptalk #HuluTarget

Ingram Micro Indonesia has officially launched Xvantage, a groundbreaking digital platform powered by artificial intelligence (AI) designed to revolutionize IT distribution. This platform integrates cutting-edge technology to simplify operational complexities, streamline business functions, and empower Indonesian enterprises to thrive in an increasingly competitive market. “We aim to equip our partners with tools that simplify processes, enhance decision-making, and unlock growth potential. With Xvantage, businesses can navigate market shifts with agility and precision, strengthening their competitive edge in the digital age,” President Director of Ingram Micro Indonesia, Mulia Dewi Karnadi, said. Read more at https://buff.ly/4gsmpk0 #news #LatestNews #Ingram #Micro #heaptalk #Xvantage #artificial #intelligence #AI

PT XL Axiata Tbk (XL Axiata), PT Smartfren Telecom Tbk (Smartfren), and PT Smart Telcom (SmartTel) have reached a definitive agreement to merge, creating a new telecommunications entity, PT XLSmart Telecom Sejahtera Tbk (XLSmart). The merger, with a pre-synergy combined valuation exceeding US$6.5 billion, marks a pivotal milestone in Indonesia’s telecommunications sector. The merger aims to accelerate Indonesia’s digital future by combining the resources and expertise of XL Axiata, Smartfren, and SmartTel. XLSmart is set to advance 5G deployment, network upgrades, and product innovation, enhancing customer experiences and addressing the unique infrastructure needs of Indonesia’s archipelago. Read more at https://buff.ly/4ivywyP #news #LatestNews #XL #Axiata #Smartfren #heaptalk #XLSmart #telecommunication

Indonesia’s unicorn startup, Kopi Kenangan, announced an expansion to the Philippines and India. The two markets will operate under the Kenangan Coffee brand. According to the company, the Philippines will be Kenangan Coffee’s third Southeast Asian market. Unicorn Kopi Kenangan perceived that the country’s growing demand for fresh-brewed coffee, particularly iced coffee, among the country’s rising generation, aligns with Kopi Kenangan’s core customer base. Moreover, the coffee market in the Philippines generated a Compound Annual Growth Rate (CAGR) of over 20% in 2021 – 2023, encouraging this business expansion. Read more at https://buff.ly/3X1PtqF #news #LatestNews #unicorn #startup #heaptalk #KopiKenangan #growth #expand

Indonesia’s Minister of Finance, Sri Mulyani, held a bilateral meeting with the International Finance Corporation (IFC) Managing Director, Makhtar Diop, to discuss several important global and domestic economic issues. According to her, both parties approved that global economic challenges continue to change and are characterized by various uncertainties, specifically amid a general election year in which more than 70 countries hold their democratic parties. Read more at https://buff.ly/49S7ZG8 #news #LatestNews #indonesia #IFC #heaptalk #economic

Indonesia’s Omnichannel startup Qiscus integrates artificial intelligence (AI) into its core omnichannel Customer Engagement services, underscoring its commitment to delivering more innovative, personalized, and responsive customer interactions for Southeast Asian businesses. A report from Accenture highlights that 98% of businesses view technology as pivotal to transformation, with generative AI emerging as a key driver. This aligns with Qiscus’s vision, recognizing AI as a critical tool for staying competitive and meeting customers’ rising expectations, which demand seamless, intelligent, and integrated interactions across all touchpoints. Read more at https://buff.ly/3DlKVoS #news #LatestNews #Omnichannel #startup #heaptalk #Qiscus #artificial #intelligence #AI #Asian

BINUS University’s AI-IoT-based system, Daely, received a Merit Award in the Tertiary Student Projects category at the Asia Pacific ICT Alliance (APICTA) Awards 2024. This accomplishment underscores Daely’s potential to address critical road safety challenges related to driver fatigue. Daely is a real-time drowsiness detection system that offers an affordable solution tailored explicitly for the B2B market. Its unique combination of affordability, efficiency, and scalability gives this technology a competitive edge, positioning It as a viable solution for wide-scale adoption. BINUS’s focus on leveraging cutting-edge technology to address real-world obstacles drove this innovation. Read more at https://buff.ly/4gkTcI7 #news #LatestNews #BINUS #APICTA #heaptalk #ICT #Award #2024

The Indonesian delegation at the Asia Pacific ICT Alliance (APICTA) 2024 secured six international awards across five categories. This annual international ICT event occurred in Brunei Darussalam from December 4 to 7, 2024, with around 500 participants from 17 countries. Based on APICTA’s announcement, Indonesia’s cloud computing DesktopIP’s IfVirty won the first runner-up position in the ICT Services category. For Marketing and Security Solutions, Bank Mandiri’s Livin’ Personalization Campaign also claimed the first runner-up position. In the Education, Sustainability, and Environment category, Storyjourney.ai secured the first runner-up award, while Elwyn.ai by Primeskills Edukasi Indonesia earned the second runner-up title. Additionally, Daely from Binus University won a merit award in the Tertiary Student Project category, and Storyjourney.ai earned another merit award in the Startup category. Read more at https://buff.ly/49A6rlZ #news #LatestNews #APICTA #2024 #heaptalk #ICT #international