Indonesia raises key rate more than expected as rupiah weakens

JAKARTA – Indonesia’s central bank delivered a bigger-than-expected interest rate hike to stem inflation and stabilise the rupiah, marking an aggressive turn for policy makers who were monetary policy outliers until last month. Bank Indonesia raised the seven-day reverse repurchase rate by 50 basis points, the biggest increment since 2018, to 4.25 per cent on […]

G20 Digital Innovation Network (DIN): Catalyst for Digital Economy Growth in Indonesia

Nusa Dua, Bali, Sep 19, 2022 – (ACN Newswire via SEAPRWire.com) – The G20 Digital Innovation Network (DIN) meeting is able to be a catalyst to expedite the digital economy sector development in Indonesia, said Minister Johnny G Plate, Indonesian Ministry of Communication and Informatics (KOMINFO). The event aims to bring together start-ups, venture capital […]

Maybank Indonesia Announces Winners of Maybank Marathon 2022

BALI, INDONESIA, Aug 28, 2022 – (ACN Newswire via SEAPRWire.com) – PT Bank Maybank Indonesia, Tbk (Maybank Indonesia) announced the winners of the World Athletics’ ‘Elite’ road race, the Maybank Marathon 2022, as the contest concluded its 10th anniversary run in Bali today (8/28). With close to 10,000 runners from 50 countries, Maybank Marathon 2022 […]

Toyota plans $2.5 billion Indonesia investment to build electric vehicles

JAKARTA (REUTERS) – Japanese carmaker Toyota Motor plans to invest 27.1 trillion rupiah (S$2.5 billion) in Indonesia in the next five years to produce electric vehicles (EVs), Indonesia’s economics ministry said on Wednesday (July 27). The South-east Asian country aims to become a global hub for producing and exporting EVs through processing its rich supplies of nickel […]

Thousands of educators, policymakers & technology leaders assemble to discuss the future of education in Indonesia

JAKARTA, July 26, 2022 – (ACN Newswire via SEAPRWire.com) – On 3-4 August 2022, EDUtech Indonesia will once again bring together the entire Indonesian education ecosystem to discuss new strategies, pedagogies, and innovations to bring inspiration in education to all. Over the two days, over 100 expert speakers from K-12 Schools and higher education institutions […]

13th Edition Cyber Security Summit Indonesia Physical Conference on 21 July 2022

JAKARTA, Jul 19, 2022 – (ACN Newswire via SEAPRWire.com) – After successful 12 editions of Cyber Security Summit, Exito (www.exito-e.com) is all set to host another milestone event – 13th Edition Cyber Security Summit Indonesia (https://exito-e.com/cybersecuritysummit/indonesia/) – to enhance the experience to latest insights in “Ramping up cybersecurity in Indonesia”. The summit which is in […]

Breakthrough Cooperation of Legend Capital’s Cross-border Portfolio Companies: Innovent and Etana Jointly Announce the Approval of Bevagen by the BPOM

HONG KONG, Jun 15, 2022 – (ACN Newswire via SEAPRWire.com) – On June 14, two of Legend Capital’s portfolio companies, Innovent Biologics, Inc. (“Innovent”) and PT Etana Biotechnologies Indonesia (“Etana”), jointly announced that the Indonesian Food and Drugs Authority (BPOM) had approved Bevagen (bevacizumab biosimilar), a recombinant humanized anti-VEGF monoclonal antibody drug for five indications […]