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Coffee prices are expected to rise further, with the FAO predicting an increase in green coffee prices due to supply constraints from Vietnam, Indonesia, and Brazil. The Brazilian harvest forecast has been downgraded, and analysts anticipate Arabica coffee could exceed $4/lb, potentially reaching $5/lb. Global coffee demand, particularly from China, continues to surge, contributing to a projected supply deficit for the fifth consecutive year.
Venturi Partners has launched its second fund, targeting $225 million, with a hard cap of $250 million. The firm aims for a first close by Q2 2025, seeking to raise $130 million, and will focus on sectors such as retail, education, healthcare, and fast-moving consumer goods. This follows their first fund, which raised $180 million in April 2022 and invested in seven consumer-focused businesses.
Philippine fintech firm Higala has successfully raised $2.8 million in an extension of its seed funding round, led by Talino Venture Studios and Singapore's 1982 Ventures. The company aims to enhance financial access by connecting various banks and electronic money issuers to its instant payment network, while also reducing transaction costs and improving real-time payment accessibility.
Digital Realty has partnered with Bersama Digital Infrastructure Asia to establish a 50-50 joint venture named Digital Realty Bersama, aimed at expanding into Indonesia. This venture will integrate Bersama Digital Data Centres' existing facilities in Jakarta, including CGK10 and CGK11, the latter having an initial IT load capacity of 5 MW with potential growth to 32 MW. Digital Realty has invested around US$100 million for its stake and will also receive property management and development fees, while key executives from BDDC will continue in their roles.
Bukalapak experienced a 7% growth in Q4, primarily fueled by an increase in marketplace revenue. This positive trend highlights the company's strong performance in the competitive e-commerce landscape.
Fore Coffee, an Indonesia-based coffee shop business, has launched its initial public offering (IPO) on March 19, offering up to 1.88 billion new shares at a price range of 160 to 202 rupiah. The IPO could raise approximately 379.76 billion rupiah (US$22.98 million), with the effective date set for March 25 and listing on the Indonesia Stock Exchange scheduled for April 11. PT Mandiri Sekuritas and PT Henan Putihrai Sekuritas are underwriting the offering.
Bukalapak reported a 7% revenue growth in Q4 2024, primarily fueled by a 21% increase in marketplace revenue, despite a 9% decline in online-to-offline (O2O) revenue due to restructuring in the FMCG segment. For the full year, the company achieved 4.5 trillion rupiah (US$293 million) in revenue, with nearly equal contributions from O2O and marketplace segments, and improved adjusted EBITDA by 28% year-over-year. Core earnings surged from 42 billion rupiah (US$2.54 million) in 2023 to 443 billion rupiah in 2024, alongside a cash reserve of 19 trillion rupiah (US$1.15 billion).
The Indonesia Stock Exchange (IDX) suspended trading on March 18 after the Composite Stock Price Index (IHSG) dropped 5.02% to 5,146 during the first session. The halt, initiated at 11:19:31 JATS time, lasted until 11:49:31 JATS time, allowing trading to resume without changes to the regular schedule. This measure is designed to protect investors from extreme price volatility and market imbalances.
Morgan Stanley has maintained an Overweight rating on Prudential plc, despite an anticipated profit decline for FY24. The financial services group primarily focuses on life and health insurance, which accounts for 96.8% of its revenues, with significant market presence in Hong Kong, Singapore, Malaysia, and Indonesia. Additionally, Prudential's asset management segment, Eastspring, manages USD 237.1 billion in funds as of 2023.
Brazil and South Africa are facing persistent inflation, while India and Indonesia may maintain lower rates. The OECD forecasts Saudi Arabia's GDP growth to rise to 3.8% in 2025, with stable inflation at 1.9%. Global growth is projected to slow due to trade tensions and policy uncertainty, with advanced economies particularly affected.
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coffee prices expected to rise amid supply shortages and increasing demand
06:53 19.03.2025
Venturi Partners launches second fund targeting 225 million for consumer brands
06:44 19.03.2025
Philippine fintech firm Higala raises 2.8 million in seed funding round
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Bukalapak reports 7 percent revenue growth driven by marketplace sales
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indonesia stock exchange halts trading after significant market decline
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global economic outlook highlights inflation trends and growth projections for 2025
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