PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancellations. Qoala has secured $47 million in a new round co-led by PayPal Ventures and MassMutual Ventures, the five-year-old startup said Wednesday. MUFG Innovation Partners, Omidyar Network as well … Read more
JAKARTA, Indonesia — The camps of the two Indonesian presidential candidates who appear to have lost in an election last month said Thursday they plan to challenge the official results in the Constitutional Court with allegations of widespread fraud. Indonesians voted on Feb. 14 for a successor to popular President Joko Widodo, who is serving … Read more
JAKARTA, Indonesia — Indonesia’s top security minister said Thursday that President Joko Widodo had accepted his resignation from the Cabinet before this month’s election. Mohammad Mahfud M.D. announced on Wednesday that he was resigning to focus on his vice presidential bid on Feb. 14. Mahfud is the running mate of former Central Java Gov. Ganjar … Read more
DENPASAR, Indonesia — Indonesian police said Tuesday they have arrested three Mexicans for alleged robbery on the resort island of Bali that left a tourist from Turkey badly wounded. The arrests were made Saturday at a villa in Ungasan village of Badung district in Bali where the Mexican men had been staying since Dec. 7 … Read more
A dozen hikers are still missing after a volcano in West Sumatra, Indonesia, erupted Sunday, killing 11 people and injuring others. Video footage showed plumes of ash spluttering 9,800 ft. into the air around Mount Marapi—one of the nation’s 127 active volcanoes—over the weekend. Seventy-five hikers were in the vicinity when the 9,485 ft. volcano … Read more
Comment on this storyCommentAdd to your saved storiesSave CAIRO — Heavy Israeli bombardments struck both north and south Gaza, killing more civilians and once again bringing hospitals into the crossfire on Monday as the conflict entered its 45th day with few signs of letup or a cease-fire. The dire conditions were compounded by storms that … Read more
JAKARTA, Indonesia — Indonesia’s Election Commission announced Monday that it has approved all three presidential candidates for next February’s election, including a former special forces general whose vice-presidential running mate is the son of outgoing President Joko Widodo. The commission said all of the candidates had passed the legal requirements. Last month, the Constitutional Court … Read more
JAKARTA, Indonesia — Thousands of noisy, flag-waving political supporters created a celebratory atmosphere outside Indonesia’s election commission Thursday as candidates started registering for next year’s elections in the world’s third-largest democracy. More than 2,400 police were deployed around the General Election Commission compound and roads were blocked around the building in Jakarta where traffic was … Read more
JAKARTA, Indonesia — Indonesian President Joko Widodo inaugurated Southeast Asia’s first high-speed railway on Monday as it was set to begin commercial operations, a key project under China’s Belt and Road infrastructure initiative that will drastically reduce the travel time between two key cities. The project has been beset with delays and increasing costs, and … Read more
After studies that it’s elevating new funding, Indonesian aquaculture startup eFishery introduced right now that it has netted $200 million in a Sequence D. The corporate, which makes a wise feeding system for fisheries, says this makes it the primary startup within the world aquaculture business to go a $1 billion valuation. It’s aim is … Read more