Indonesia

Seed-stage and early-stage funding plummeted during the year.

It fell 0.5% quarter-on-quarter to $252.6.

This is part of the two countries’ agreement to promote bilateral transactions in local currency.

The emblematic change carries OCBC Group’s ‘One Brand, One Group Unity’ strategy across markets in Singapore, Malaysia, Hong Kong, Macau, and mainland China.

The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.

Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.

Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.

This marks Citi’s ninth and final full consumer divestiture in Asia.

PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.

This is in line with the BRI’s commitment to sustainable finance.

Cardholders will get a $974 cashback if they spend $9,750 across a certain period.

This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.

It boosted its consolidated earnings to IDR23.56t.

Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.

Net profit will rise by 21% year-on-year.

This fintech startup plans to leverage technology to lift the Indonesian market’s potential for better financing.