Gita Rossiana
Stories by Gita Rossiana
Indonesia’s INA, Ares Management ink pact on innovative financing
As part of the partnership, Ares Asia Credit funds plan to invest up to $500 million annually.
Indonesian startups Qoala, Julo, Arkademi slash headcount
Qoala confirmed that it has let go of around 10% of its employees.
ID Digest: XL Axiata, Smartfren to complete merger soon; Wavemaker Impact launches new startup
The merger is waiting approval from Indonesia’s ministry of communication and digital as well as OJK.
Draft audit exposes eFishery’s struggles with Kabayan financing—its biggest cash drain
Financing to borrowers significantly exceeded the segment’s revenue, says report.
Indonesian aquatech Aruna said to have laid off at least one-third staff
The layoffs were carried out in phases, from December 2024 to January 2025, sources said.
Indonesian conglomerate Emtek unit increases stakes in Bukalapak for $79.6m
With this, Emtek's KMK is now the majority shareholder in Bukalapak.
eFishery co-founders could face SG police investigation over alleged $253m losses
The new allegations claim the founders were responsible for losses at the company amounting to $253m.
Indonesia’s BNI-backed Hibank launches digital banking app for SMEs
With the app launch, the company is aiming for 1 million customers this year.
Grab expects 2025 revenue to grow 19-22% despite uncertainties
Grab said it is ramping up efforts in various organic initiatives rather than targeting mergers.
New Indonesia SWF Danantara’s success hinges on transparency & quick results
The public also needs to be assured of the expertise of the individuals overseeing the fund.
