Sea topped Wall Street estimates for fourth-quarter revenue on Tuesday (Mar 4), helped by strong growth in its financial services segment and e-commerce platform Shopee. US-listed shares of Sea were up 11 per cent in premarket trading.
Singapore and Indonesia leaders have also expressed support for more military engagement, including training together in Kalimantan.
ARES Management has teamed up with an Indonesian sovereign wealth fund to explore investment opportunities in the country, according to a joint statement. Read more at The Business Times.
The massive sovereign wealth fund has come under scrutiny as analysts flag concerns about governance and political influence Indonesia has launched a new sovereign wealth fund with an initial US$20 billion commitment that could potentially boost its economy or falter if its management falls short of international standards.
New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs,
Indonesian entrepreneur Aldi Haryopratomo on how telling stories can empower underserved communities. Read more at straitstimes.com.
A new manufacturing plant producing floating solar panel systems was officially launched in Batam on Feb 14 to tap opportunities created by a major deal to supply solar power from the Indonesian island to Singapore.
An Indonesian charity's claim that it had invited Cristiano Ronaldo to visit in February 2025 has sparked a flurry of online misinformation, including social media posts recirculating old videos falsely claimed to show the Portuguese footballer's arrival in the archipelago.
Singapore may have to keep waiting for green electricity from Indonesia, as Jakarta demands a reassessment of the deal, but analysts warn that overcomplicating negotiations will put Indonesia at a loss.
Muslims in Indonesia will begin fasting on Saturday (March 1), while Singapore, Thailand, and Cambodia will commence fasting on Sunday (March 2).
JAKARTA – Indonesia launched its new sovereign wealth fund Danantara ... wealth funds and propelling it to fourth place globally, ahead of Saudi Arabia and Singapore. The Straits Times understands that the Indonesian government may eventually include ...
Danantara will be the country's second sovereign wealth fund after the Indonesia Investment Authority and will operate separately, its chief said. Danantara will hold government stakes in state firms and is intended to operate like Singapore's investment ...