{
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GoTo Group has partnered with Google Maps to enhance Gojek's navigation and mapping capabilities. This collaboration integrates Gojek’s real-time data with Google Maps’ technology to optimize routes, reduce delivery times, and improve user experiences for both riders and driver-partners. Additionally, Google will assist GoFood merchants in establishing accurate business profiles, boosting their digital visibility and supporting local MSMEs.
Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
The global Cell Line Development Market is projected to grow at a CAGR of 12.13% from 2024 to 2031, driven by increasing demand in drug discovery and biopharmaceutical production. Key players include Lonza Group AG, Thermo Fisher Scientific Inc, and GE Healthcare, with significant regional markets in North America, Europe, and Asia-Pacific. The report offers insights into market trends, challenges, and opportunities, utilizing both qualitative and quantitative research methods.
Lintasarta, a technology services provider under Indosat Ooredoo Hutchison, has launched the Semesta AI program in partnership with Nvidia Inception to boost Indonesia's AI ecosystem. As the sole Nvidia Cloud Partner in the country, Lintasarta offers startups access to AI technology, technical guidance, and GPU vouchers worth up to US$15,000 for top projects.Since its November 2024 launch, over 150 participants have applied, with the top 10 advancing to the Black Belt stage. Selected startups will work with Lintasarta on AI solutions across various sectors, supporting Indonesia’s Sustainable Development Goal 9 on industry, innovation, and infrastructure.
Indonesian logistics firm J&T Cargo has announced plans for global expansion into the Americas, Mexico, Vietnam, the Middle East, and Europe, aiming to enhance technology and services by 2025. Since its launch in August 2021, the company has achieved 98% coverage of Indonesia, operating over 3,500 outlets with 68% profitability. Future initiatives include AI for route optimization, real-time tracking upgrades, and a refresh of its visual branding.
UBS has upgraded CIMB Group Holdings Bhd to a "buy" rating from "neutral," setting a target price of MYR 8.50. This follows a 15% decline in share price after the announcement of CIMB's F30 medium-term strategy and ROE targets, which did not meet market expectations. The analyst noted that the high proportion of foreign shareholders and negative sentiment towards Indonesian banks may have influenced the stock's performance.
UBS analyst Aakash Rawat has upgraded CIMB Group Holdings Bhd from Neutral to Buy, setting a target price of MYR 8.50 following a 15% drop in shares. This decline was attributed to the company's new F30 strategy and unmet return on equity targets, alongside negative sentiment affecting Indonesian banks. The upgrade suggests a renewed confidence in CIMB's future performance, potentially presenting a buying opportunity for investors.
Czech National Bank increased its stake in Freeport-McMoRan by 6.4%, owning 311,555 shares valued at $11.86 million after acquiring 18,852 additional shares. Analysts have mixed ratings on the stock, with a consensus "Moderate Buy" and a target price of $52.04, indicating potential upside. The company, engaged in mining across various regions, reported a net margin of 7.42% and a return on equity of 7.50%.
WeLab Bank, after taking time to establish itself in Hong Kong, is now expanding into Southeast Asia with the launch of Bank Saqu in Indonesia and plans for Thailand. The bank, which partners with major firms like Apple and Tesla, aims to replicate its success in the region.In other news, Australian startup BetterFleet raised US$23.7 million in a series A round to enhance its digital tools for electric vehicle transitions. Meanwhile, Zeno Health in India has introduced a rapid medicine delivery service following its US$25 million funding, and Xpeng plans to mass-produce humanoid robots and flying cars by 2026.
Amid strong market demand, a company has raised its annual delivery target for 2025 to 350,000 units. The Indonesia Stock Exchange temporarily halted trading on March 18 due to a 5.02% decline in the Composite Stock Price Index, aimed at protecting investors from volatility. In the US, the Department of Commerce has banned employees from using DeepSeek on government devices due to data security concerns. Meanwhile, edtech firm Physics Wallah has filed for a US$531.4 million IPO, with significant portions expected to be an offer for sale. Shein faces challenges in the US as a tax exemption allowing duty-free imports is likely to be eliminated, potentially impacting its logistics strategy. In contrast, Temu's semi-consignment model may shield it from these changes. Additionally, Bengaluru-based Slikk Club has raised US$3.2 million to enhance its rapid fashion delivery service.
IDN
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Gojek partners with Google Maps to enhance navigation and support businesses
04:56 24.03.2025
Grab's acquisition of Nham24 highlights Cambodia's emerging tech potential
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10:30 23.03.2025
cell line development market projected to grow at 12.13 percent CAGR through 2031
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ubs upgrades cimb group to buy with new price target of myr 8.50
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Czech National Bank increases stake in Freeport-McMoRan amid analyst upgrades
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weLab Bank expands into southeast asia while australian startup secures funding
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Shein faces challenges in US logistics amid potential tax changes
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