Indonesia’s investment management agency Daya Anagata Nusantara (Danantara) has officially entered the stock market as a shareholder of the country’s leading ride-hailing and e-commerce firm, PT GoTo Gojek Tokopedia Tbk (GOTO), with the move aimed at improving the welfare of drivers.
Author: Elisabeth Xaviera
Business and Economy Correspondent, SEA Daily
South China Sea and Strait of Hormuz dominate discussions at 48th ASEAN Summit
The 48th ASEAN Summit in Cebu, Philippines, culminated on May 8 with member states’ leaders formally signing outcome declarations throughout the plenary and retreat sessions, concluded by a symbolic gala dinner.
Myanmar’s MAGDPL commits US$3.7 million on agri-warehouses in Thilawa
On 10 May, Myanmar Agricultural and General Development Public Co Ltd. (MAGDPL) announced a plan to invest 3.7 million US dollars to construct three modern warehouses, aimed at expanding both production quantity and quality.
Malaysia to restrict EV imports from July 2026
Malaysia will curb electric vehicle (EV) imports starting July 2026 to protect local carmakers, declared the Ministry of Investment, Trade and Industry (MITI) in a statement on May 6.
Indonesia’s Dukono Volcano eruption leaves one dead, two Singaporeans missing
The National Research and Rescue Agency immediately deployed a joint search and rescue (SAR) team in response to the eruption of Dukono Volcano, Maluku, Indonesia, on May 8.
Forum of “underserved areas” meets on sidelines of ASEAN summit
As part of the 48th ASEAN Summit, Special Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Summit took place on May 7 and yielded BIMP-EAGA Vision (BPEV) 2035—a strategic roadmap for the coming decade, envisioning a more resilient, inclusive, sustainable and economically competitive subregion.
ASEAN Foreign and Economic Ministers hold joint meeting ahead of main summit
Ahead of the 48th ASEAN Summit scheduled for May 8, ASEAN Foreign and Economic Ministers convened a joint meeting on May 7,
Myanmar to advance agricultural joint ventures with China’s Guokee
China’s agribusiness firm Guokee Bio-Tech Company is slated to partner with Myanmar entrepreneurs to advance joint ventures and establish a business-to-business (B2B) pact in the agricultural sector.
Singapore’s Grab first-quarter results exceed forecasts as revenue climbs 24%
On May 5, Singapore’s super-app Grab released unaudited financial results for the first quarter of 2026 (ending March 31), marking a notable performance as it surpassed analysts’ forecasts.
Indonesia to maintain coal reliance amid energy security push
“I have decided, let’s go with coal. This is survival mode,” declared Indonesia’s Energy and Mineral Resources Minister, Bahlil Lahadalia, during his keynote speech at the Bogor Agricultural University Alumni Forum in Jakarta on 2 May.