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Chinese investors have expressed significant interest in Indonesia's new capital, Ibu Kota Nusantara (IKN), with 36 letters of intent totaling nearly 70 trillion rupiah (US$4.67 billion). Most proposals focus on Public-Private Partnerships (PPP) across various sectors, including energy, housing, and transportation infrastructure. This unique funding model, where the government covers only 20% of the estimated $35 billion cost, highlights a shift in economic influence in Southeast Asia, with China poised to become Indonesia's largest foreign investor.
Indonesia's trade surplus fell to a five-year low of $160 million in April 2025, significantly below the expected $3.04 billion, driven by a 21.84% surge in imports to $20.59 billion, while exports rose 5.76% to $20.74 billion. The impact of a 10% US tariff on trade, particularly affecting shipments to the US, is evident as negotiations continue to address these tariffs. Additionally, a strong agricultural performance has helped maintain low inflation, providing economic stability amid external trade challenges.
GoTo and Indosat Ooredoo Hutchison have launched an updated Sahabat-AI model featuring 70 billion parameters and a multilingual chat service, accessible via sahabat-ai.com and the GoPay app. This initiative supports five local languages and aims to enhance cultural relevance while ensuring data residency and regulatory compliance. Collaborating with local universities and media, the project aligns with Indonesia's digital sovereignty goals and addresses the urgent need for AI talent development in the country.
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Ecommerce platforms in Southeast Asia are intensifying efforts to boost consumer spending, with Lazada committing $100 million to enhance its affiliate program. Influencers are being incentivized to promote products, while Glance AI introduces a genAI tool for personalized shopping experiences. As large language models reshape online searches, brands are adapting to this new landscape, creating a burgeoning ecosystem around generative engine optimization.
The Asia Economic Summit is poised to be a pivotal event, attracting C-suite executives, investors, and government leaders for a day of strategic discussions and networking opportunities. Attendees will gain insights from main-stage sessions, engage in executive roundtables, and enjoy curated meals designed to foster meaningful connections. Recent funding trends highlight a significant focus on climate tech, with notable investments in startups addressing carbon removal and sustainability.
TikTok is enhancing its local services in Indonesia through TikTok Go, an affiliate program that allows creators to promote discounts at partner merchants. Users can redeem offers by visiting outlets and presenting a QR code, but the model raises questions about sustainability for creators and merchants alike.In the automotive sector, BYD's Denza D9 has surpassed Toyota's Alphard in sales, with over 3,000 units sold since its launch, benefiting from lower costs and government tax breaks for electric vehicles. This shift signals potential challenges for Toyota, which relies on brand loyalty in the competitive Indonesian market.
Global vegetable oil production is projected to reach a record 234.5 million tons in 2025/26, surpassing demand of 228.9 million tons. Palm oil remains the leading oil, with Indonesia producing 47.5 million tons, while soybean oil is expected to rise to 70.8 million tons, primarily driven by China. Additionally, rapeseed oil and sunflower oil production are set to increase, reflecting growth in key producing regions.
Anaplan has launched a new data centre in India as part of a $500 million investment aimed at enhancing innovation and global reach. This facility addresses the growing demand for data-driven decision-making, ensuring data residency and compliance with local regulations, while also supporting planned expansions in Indonesia and Singapore. The centre will significantly improve performance and reduce latency for Indian customers, facilitating better financial forecasting, supply chain optimisation, and digital transformation initiatives.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Chinese investors commit 4.6 billion dollars to Indonesia's new capital project
12:00 02.06.2025
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11:20 02.06.2025
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asia manufacturing activity declines amid us tariff impacts and trade uncertainty
08:50 02.06.2025
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asia economic summit highlights funding trends and climate tech investments
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