{
}
FlyOro, based in Singapore, is collaborating with airports to implement modular sustainable aviation fuel (SAF) blending systems, enabling producers to offer both standard and customized SAF without disrupting existing operations. Despite its potential to reduce emissions, SAF faces challenges such as high costs—2x to 4x more than conventional jet fuel—and varying regulatory support across regions, with Singapore's SAF mandate not taking effect until 2026. Startups in this sector are focusing on efficient scaling and proving SAF's viability in a traditionally slow-moving industry.
The Asia Economic Summit 2025, set for June 26 in Jakarta, will address the rapid growth and challenges facing ASEAN's digital economy, which reached US$263 billion in 2024. The summit will focus on technological advancements, evolving policies, and investment strategies, bringing together business leaders and policymakers to foster discussions on navigating the region's economic landscape. Attendees will engage in networking sessions and roundtables aimed at driving actionable insights for future growth.
The Asia Economic Summit 2025, set for June 26 in Jakarta, will address the rapid growth and challenges facing ASEAN's digital economy, which reached US$263 billion in 2024. The summit will focus on technological advancements, evolving policies, and investment strategies, bringing together business leaders and policymakers to foster discussions on navigating the region's economic landscape. Attendees will engage in exclusive networking sessions and roundtables aimed at driving actionable insights for future growth.
Indonesia's President Prabowo Subianto announced a mandatory Eid holiday bonus for online motorcycle taxi and delivery drivers during a press conference on March 10. The bonuses, which will be determined by the Ministry of Manpower, are to be distributed in cash and reflect drivers' activity levels. This announcement comes amid discussions of a potential merger between Gojek and Grab.
The Financial Services Authority of Indonesia (OJK) is investigating a conflict between J Trust Bank and fintech firm Crowde over alleged fund embezzlement. Following a police report filed by J Trust Bank, OJK is conducting audits to assess fraud risks in the fintech lending sector. Both parties are currently engaged in discussions and joint visits to borrowers to resolve the issues stemming from breaches of their Cooperation Agreement.
Freeport-McMoRan Inc. holds a "Moderate Buy" consensus rating with a price target of $51.75. The company, engaged in mining various metals, reported a quarterly EPS of $0.31, missing estimates, while institutional investors own 80.77% of its stock. Recent analyst ratings show mixed adjustments, with some lowering price targets and others upgrading their ratings.
In 2024, Sea Group experienced significant growth, with SeaMoney's revenue increasing by 35% year-on-year, making it the second-largest revenue source after Garena. Shopee also thrived, surpassing $100 billion in gross merchandise value. Despite challenges, Garena remains the most profitable unit, with rising user engagement.
Geode Capital Management LLC and Franklin Resources Inc. increased their stakes in Freeport-McMoRan by 2.4% and 8.0%, respectively, during the fourth quarter, with institutional investors owning 80.77% of the company. Deutsche Bank upgraded Freeport-McMoRan to a buy rating, setting a price target of $47.00, while analysts have mixed ratings, with a consensus price target of $51.75. The company reported earnings of $0.31 per share, missing estimates, and has a market capitalization of $53.13 billion.
Asia's tech and startup scene is buzzing with significant funding rounds, including US$140 million for India's Darwinbox and US$69 million for UAE's Flow48. Notable acquisitions include India's Digiledge by Mintoak and I Freedom by Boss Wallah, highlighting a dynamic investment landscape. Additionally, the evolution of crowdfunding platforms like Kickstarter is reshaping funding opportunities for both indie creators and established brands.
The Indonesian Industry Ministry has granted local content certification for 20 Apple products, including the iPhone 16, after negotiations on compliance with local regulations. Apple must still obtain permits from the communications and trade ministries before selling these products domestically. Despite the certification, Apple is not among the top five smartphone brands in Indonesia, according to Canalyst data from Q3 last year.
IDN
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
sustainable aviation fuel adoption faces challenges in cost and regulation
Singapore Dollar
Chinese Yuan
Indonesian Rupiah
Philippine Peso
Singapore Airlines Ltd.
IDN
USA
SGP
Glenn Close
Donald Trump
Show more
08:00 11.03.2025
asean opportunity summit to address economic growth and innovation challenges
01:23 11.03.2025
asean opportunity summit to address economic growth and innovation challenges
01:23 11.03.2025
Indonesia mandates holiday bonuses for Gojek and Grab drivers ahead of Eid
14:23 10.03.2025
OJK investigates J Trust Bank and Crowde over alleged fund embezzlement
05:30 10.03.2025
freeport-mcmoran receives moderate buy rating with price target of 51.75
11:15 09.03.2025
sea group reports strong growth in revenue and user engagement in 2024
10:30 09.03.2025
geode and franklin increase stakes in freeport-mcmoran amid analyst upgrades
07:56 09.03.2025
fundraising insights and startup success stories from asia's tech landscape
United States Dollar
Chinese Yuan
Indian Rupee
Australian Dollar
ARE
ISR
SGP
AUS
IND
IDN
PHL
CHN
Show more
10:30 08.03.2025
Apple secures local content certification for 20 products in Indonesia
03:30 08.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Domestic Politics
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Swiss Re AG
Beazley plc
UBS AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Canadian Dollar
Australian Dollar
United Arab Emirates Dirham
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Hong Kong Dollar
Mexican Peso
Indonesian Rupiah
Malaysian Ringgit
Vietnamese Đồng
People: