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Microsoft Will Invest 1.7 Billion USD in Indonesia’s AI Infrastructure

Microsoft Will Invest 1.7 Billion USD in Indonesia’s AI Infrastructure

by Teuvo Tuomi | May 2, 2024 | Business, Digitalization, Economy, Indonesia, Investment, News, Visions

Microsoft will “invest US$1.7 billion over the next four years in new cloud and AI infrastructure in Indonesia, as well as AI skilling opportunities for 840,000 people, and support for the nation’s growing developer community,” the company says. Indonesia’s...
RTS Link Proceeding Faster Than Planned

RTS Link Proceeding Faster Than Planned

by Teuvo Tuomi | Apr 28, 2024 | Malaysia, Business, News, Singapore, Travel

The railway infrastructure of Rapid Transit System Link (RTS Link), which connects Johor and Singapore by rail, is about 70% complete, Malaysia’s Transport Minister Anthony Loke says. The construction of the mega project’s railway infrastructure had reached...
Bank of Indonesia Raises Interest Rates as a ‘Preemptive Measure’

Bank of Indonesia Raises Interest Rates as a ‘Preemptive Measure’

by Teuvo Tuomi | Apr 26, 2024 | Indonesia, Business, Economy, News

Bank Indonesia (BI) has raised its key interest rates in what it calls a “preemptive measure” in light of global risks caused by the uncertain outlook for monetary policy in the United States and geopolitical tensions. The central bank lifted the benchmark BI Rate by...
Malaysia Tops ASEAN Startup Ranking

Malaysia Tops ASEAN Startup Ranking

by Teuvo Tuomi | Apr 24, 2024 | ASEAN, Business, Malaysia, Research, Vietnam

According to a study by Business Name Generator, Malaysia is the best Southeast Asian location to start a business. The country claimed the 10th spot globally in the analysis of 52 countries. It has a predicted economic GDP growth of 4.3% and the lowest monthly living...
‘Flex’ Offices Boom in Manila

‘Flex’ Offices Boom in Manila

by Teuvo Tuomi | Apr 23, 2024 | Philippines, Business, Lifestyle, Visions

Demand for flexible office space in the Philippines is hitting unprecedented highs, especially in Manila’s Makati central business district, benefiting from the post-pandemic hybrid work. “Now we’re blessed to have the wind on our back. Demand for flex space has...
Finnfund Invests in Indonesian FinTech Company

Finnfund Invests in Indonesian FinTech Company

by Teuvo Tuomi | Apr 19, 2024 | Business, Finland, Indonesia, News

Finnish OP Finnfund Global Impact Fund I has invested 5 million USD in Indonesian FinTech company AwanTunai. AwanTunai offers inventory financing, integrated online ordering, and inventory management solutions. Their customer group is merchants and wholesalers all...
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