INDONESIA > Singapore based vCargo Cloud (VCC) acquires 60% of Indonesia based Integrated Logistics Player, PT Gatotkaca Trans Systemindo (GTS) for up to $850000

VCC logo For 60% of the share capital of Indonesia based Integrated Logistics Player, PT Gatotkaca Trans Systemindo (GTS), Singapore based vCargo is ready to pay up to $850000. With this investment, vCargo CamelONE deployment reaches 14 customs nodes globally. Under the agreement, VCC is set to pay $850000 for 60 % of the enlarged share capital of GTS and will extend More …

INDONESIA > Denmark based Arla Foods is establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (“ICBP”) based in Indonesia

arla logo As Southeast Asia falls under a strategic growth region for Arla Food’s strategy, the company is collaborating with ICBP, a leading fast moving consumer goods company and dairy player in Indonesia. The newly signed agreement between ICBP and Arla Food is expected to increase Arla Foods’ presence in Indonesia. According to Executive Vice President of Arla Foods’ international business, Tim More …

INDONESIA > International provider of digital financial solutions, Wirecard has won Shell Indonesia as a new customer for Fleet cards

Shell logo To optimize the digital financial processes on one platform for Shell Indonesia, it has selected Wirecard, the international provider of digital financial solutions. Wirecard’s state-of-the –art fleet operations management with a special focus on control and efficiency will benefit Shell and the new Fleet card solution can be used for all purchases at Shell petrol stations throughout Indonesia. Intended to More …

INDONESIA > Singapore’s Grab to expand to Indonesia with $700Mn investment

JBxqVxWR5M6Df05qXCaUAA-grab_logo Singapore based ride hailing platform Grab to expand to Indonesia with $700Mn investment. Grab will cover different programs under ‘Grab 4 Indonesia’ which is its 2020 master plan that would involve 150 engineers over the next two years. Under ‘Grab 4 Indonesia’, a “Grab” ride hailing platform, a Research and Development Center and a social impact fund will be opened More …

INDONESIA > Property Developers Wing Tai Asia and Pontiac Group Expand Into Indonesia

jakarta Though an Indonesian subsidiary – Brewin Mesa Sutera (BMS) – Wing Tai Asia and Pontiac Land Group together enters Indonesia by building an apartment project worth Rp 1.3 trillion (US $100 million) in South Tangerang, Banten. The project “The Lana” will comprise of two apartment towers with 496 apartment units on 85,000 square meters in Alam Sutera,  which is located in West Jakarta and More …