Edgnex drops $2.3B on A.I. in Indonesia
Dubai-based digital infrastructure firm Edgnex, a subsidiary of the Damac Group, has announced a landmark $2.3 billion investment to build a state-of-the-art data center in [more…]
Category: Indonesia
Russia expands fuel trade with Indonesia amid global market shifts
Russia has significantly increased its exports of oil products to Indonesia in early 2025, marking a strategic pivot to expand markets in Asia following Western [more…]
Indonesia’s $2.75 billion sukuk listings shine on Nasdaq Dubai
Indonesia’s Sukuk Soars on Nasdaq Dubai: A Bold Step in Islamic Finance Nasdaq Dubai has become a stage for Indonesia’s financial prowess, as the Republic [more…]
SCB X betting big on fintech and tech startups
SCB X is no longer your typical bank stuck in the past. Nope, they’ve broken free from the chains of traditional banking and are all [more…]
Philippines’ bold rate cut spurs Asia’s central banks to reconsider
In a move that caught many by surprise, the Philippines’ central bank broke away from the pack, slashing its main policy rate last week. This [more…]
Indonesia’s growth momentum tested by tight monetary policy and export weakness
Indonesia’s economy displayed steady growth in the first quarter, driven by robust domestic consumption, but challenges such as tight monetary policy and export weakness may [more…]
Indonesia’s central bank stuns markets with a 25-basis-point rate increase
In an unexpected move, Indonesia’s central bank has decided to raise its benchmark rate, a significant shift from its previous stance of maintaining rates, in [more…]
Asian markets display a mixed performance following the resolution of the US government’s shutdown crisis
Asian markets had a mixed performance on Monday, as the US Congress managed to pass a last-minute deal over the weekend, averting a costly government [more…]