Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

Visa invests undisclosed amount in Indonesia’s ride hailing firm Go-Jek

Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…

Taiwan’s Pegatron to sink upto $1 billion in Indonesian chip making factory for Apple

Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…

Indonesian airlines Garuda Indonesia cancels $6 billion orders for Boeing 737-MAX 8

Negotiations with Boeing are ongoing. Garuda Indonesia has said, it could switch the order with other Boeing models. Airbus SE jets are not, yet, being considered. On Friday, Fuad Rizal, the Chief Financial Officer of Indonesia’s national carrier Garuda Indonesia stated, the airlines has sent a letter to Boeing Co asking it to cancel an…

Pilot training, software update being finalized for Boeing 737-8

Boeing updates target the 737-8’s flight control system, which is also known as MCAS (Maneuvering Characteristics Augmentation System). Following two fatal crashes in the last 5 months, Boeing Co stated, it was finalizing the development of a software upgrade and a revision of pilot training for its 737 MAX. The updates target the aircraft’s flight…

Saracen-linked FB accounts spreading hate & fake news taken down: Facebook

Three members of the Saracen group have so far been arrested in Indonesia. On Friday, in a significant development, Facebook Inc has removed hundreds of Indonesian accounts, groups and pages from its social network following the discovering that they were linked to an online group accused of spreading fake news and hate speech. In 2016,…