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Indonesia’s SiCepat Raises Series B Funding US$170M

JAKARTA (TheInsiderStories) - An expedition company, SiCepat has received a Series B funding round worth of US$170 million from Falcon House Partners, Kejora Capital, DEG, MDI Ventures,...

Canada Pension Fund, LOGOS Establishes Indonesia Venture

JAKARTA (TheInsiderStories) - Canada Pension Plan Investment Board and Australia-based logistics real estate specialist, LOGOS, established a new Indonesia venture to develop modern logistics facilities in Greater...

Indonesia’s Waresix Acquires a Logistic Startup Trukita

JAKARTA (TheInsiderStories) - Waresix, an Indonesian young and fast growing logistics technology platform, has acquired Trukita, a logistics technology start-up that offers freight and trucking services...

Asia Pacific Property Investment Rises 35% in Third Quarter

JAKARTA (TheInsiderStories) - The value of direct investment in property sector around Asia Pacific reached US$35 billion in third quarter of 2020 or increased by 35...

Thohir Separates Garuda Indonesia’s Unit Under Tourism Holding

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, separated subsidiaries of flight carriers, PT Garuda Indonesia Tbk (IDX: GIAA), as consequence of...

Indonesia’s Logisly Raises Funding US$6M from Monk Hill

JAKARTA (TheInsiderStories) - Logistic startup, Logisly, announced that it has raised US$6 million in Series A funding led by Monk Hill Ventures, said the company on...

The Ning King’ Developer Sell Four Warehouses for US$74M

JAKARTA (TheInsiderStories) - The company owned by local tycoon, The Ning King, PT Mega Manunggal Property Tbk (IDX: MMLP) will complete the divestment of four warehouses,...

Indonesia’s Waresix Closes US$100M Fundraising

JAKARTA (TheInsiderStories) - Indonesian logistic startup, Waresix, closes a US$100 Series B fundraising from existing investors EV Growth and Jungle Ventures, said the company today. There are...

Indonesia Road Freight Transport Market to Grow Over 9% During 2020...

JAKARTA (TheInsiderStories) - The Indonesia road freight transport market is expected to grow above 9 percent during 2020 - 2025, said Reportlinker in the latest report....

Indonesia’s Kargo Secures Series A Funding US$31M

JAKARTA (TheInsiderStories) - Indonesia' freight logistics firm, Kargo Technologies, has secured Series A Funding round worth of US$31 million led by Silicon Valley-based Tenaya Capital. Other...

AllSome Raises US$1.94M Seed Funding led by East Ventures

JAKARTA (TheInsiderStories) — AllSome Fulfillment, cross border e-commerce fulfillment for modern online sellers, has secured US$1.94 million of seed funding led by East Ventures,...

Indonesia’s Industrial and Logistics Sector Grows Rapidly in Southeast Asia

JAKARTA (TheInsiderStories) - Indonesia' industrial and logistics sector grow rapidly in Southeast Asia, driven by strong domestic trends including the e-commerce sector penetration, growth...

Indonesia to Improves Its Shipping Industry With New Blockchain

JAKARTA (TheInsiderStories) – Singapore-based block chain firm PLMP Fintech Ltd., and PT Central Distribusi Batam will participate in a multi-million logistics project in partnership...

Indonesia Chops Export Procedures to Suppress Forex Revenues

JAKARTA (TheInsiderStories) – The government chopped export procedure for natural resources to boost foreign exchange (forex) revenues and to anticipate capital outflow from the country,...

Indonesia’s Logistic-Tech Waresix Raises US$1.6M Pre-series A Funding

JAKARTA (TheInsiderStories) - Waresix, an Indonesian logistics-tech, secured US$1.6 million in Pre-series A round of funding led by East Ventures and Monk’s Hill Ventures. Also participating...

Policy Review: Indonesia’s Sea Toll Continues, Logistic Business More Attractive

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo continues to encourage sea toll programs to increase export and logistics  business in Indonesia. Over the last three years, Widodo has...

Singapore’s vCargo Acquires Indonesian Integrated Logistics Player

JAKARTA (TheInsiderStories) - Singapore's vCargo Cloud Pte. Ltd (VCC) has announced that it will acquire 60 percent stake in Indonesian integrated logistics player PT Gatotkaca...

Phi Group, Smartway, Local Firm Set Up Logistical and Payment Solutions...

JAKARTA (TheInsiderStories) - PHI Group, Inc., (OTCQB:PHIL), announced has signed a Joint Business Cooperation (JBC) Agreement with an Indonesia firm PT Mega Kencana Persada...

Policy Review: Logistic Sector to Replicate Last Year’s Growth of 15%

JAKARTA (TheInsiderStories) - Indonesian Express Delivery Companies Association estimate that logistic business growth in 2018 will reach 15 per cent level, similar to last year's...

Theo Lekatompessy: From the Losing Side to a Winning Team

JAKARTA (TheInsiderStories) - Located along some of the world’s busiest sea lanes, Indonesia offers tremendous potential for marine transportation. With the spirit to dominate the...

President Widodo’s 3rd Year: Indonesian Logistics Performance Improves

JAKARTA (TheInsiderStories) – Over the last three years, the government, under President Joko Widodo has expressed its efforts to tackle the issue of stubborn inefficiency...
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