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SEREMBAN:  Negeri Sembilan’s Halal Malaysia Industrial Park (HALMAS) has received an encouraging response, including a recent request from a New Zealand pharmaceutical company expected to invest RM300 million in the state, said Negeri Sembilan Menteri Besar, Datuk Seri Aminuddin Harun. “Halal Park in this state is one of the most highly sought-after. I just returned from New Zealand, where a pharmaceutical company is committed to investing and obtaining a halal certificate,” he told reporters after chairing the state government’s EXCO meeting. Aminuddin said the state’s HALMAS has attracted several major investors, including Mahsuri Food Sdn Bhd, Ajinomoto (M) Bhd from Japan, Sunshine Bread (M) Sdn Bhd from Singapore, Coca-Cola Bottlers (M) Sdn Bhd and Kellogg’s Malaysia (United States), particularly in Bandar Enstek, Nilai.”The demand for halal investment is high. There are no new industrial areas and the development of the Techpark@Enstek Phase 3 in Bandar Enstek is almost sold out,” he said. Aminuddin added that the state government is working to enhance the halal industry among small and medium enterprises to improve the quality of local products. Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Ahmad Hamidi, previously reported that the utilisation and development of the 14 Halal Parks across the country remain low, at 1l per cent of the total 5,484 hectares developed so far.In another development, Aminuddin said that the construction of the Institute of NeuroScience (INS) in Pedas, Rembau which was announced in 2019, had been cancelled due to the COVID-19 pandemic. Earlier, the media reported that the private medical centre, costing RM1.02 billion, was expected to offer neuro related health services and generate a development value of RM1.7 billion within five years. — BERNAMA

JAKARTA: PT Telkom Indonesia, a state-owned telecommunications company, is aggressively expanding its data center business to capitalize on the surging demand for data storage, especially driven by artificial intelligence (AI) development. Through its subsidiary, PT Telkom Data Ekosistem (TDE), known as NeutraDC, Telkom aims to boost its data center capacity to 500 megawatts (MW) by 2030, both domestically and internationally. This represents an over eight-fold increase from its current 60 MW capacity. “Most of our expansion plans involve adding capacity. We build, invest, and then make it available for use,” said Honesti Basyir, Telkom Group’s business development director, at NeutraDC’s headquarters in Singapore last Friday. He added that while regional expansion is crucial due to unmet needs in many countries, the company must first prove itself in Singapore. International growth might involve strategic acquisitions due to varying regulations. NeutraDC CEO Andreuw Thonilus Albert suggested that if growth accelerates, they could push towards a 700 MW capacity. Data center investments are rapidly increasing in Southeast Asia, following trends seen in the U.S. and Europe where tech giants are expanding their AI and cloud capabilities. Microsoft CEO Satya Nadella recently pledged a $1.7 billion investment in Indonesia over the next four years for AI, cloud services, and digital talent development. Nvidia also announced plans to build a $200 million AI center in Southeast Asia. According to Mordor Intelligence, the Asia Pacific data center market is projected to reach 23,200 MW by 2029, with a compound annual growth rate (CAGR) of 10.21% from 14,270 MW this year. Generative AI is expected to significantly transform the data center industry, as noted by a January report from property consultancy Jones Lang Lasalle. Singapore is anticipated to lead the ASEAN data center market this year with over 880 MW, surpassing Indonesia’s 650 MW. NeutraDC’s Andreuw defended Telkom’s recent expansion, noting that it isn’t too late, especially after Singapore lifted its moratorium on new data centers last year, which had been in place since 2018. Telkom shifted focus to the data center business in 2022 after prioritising its telecom operations. Telkom plans to leverage Batam’s strategic position to benefit from Singapore’s overflow, seeing it as a win-win solution. “Indonesia has significant potential for data centers due to the large workload expected,” Andreuw said. Telkom, Indonesia’s largest telecom group, currently operates 32 data centers, including 27 domestic and five international sites, as per its 2023 annual report. In 2024, Telkom anticipates substantial growth in cloud and business-to-business IT services, projecting 27% and 7% CAGRs, respectively. The first quarter saw a 24.6% year-on-year revenue increase in the group’s data center and cloud business, reaching 449 billion rupiah ($27.5 million). “We believe we can achieve one trillion rupiah in revenue this year by adding capacity and attracting high-quality tenants,” Honesti stated. In March, Telkom consolidated its data center business under NeutraDC, including assets previously owned by Telin Singapore Data Centre. Telkom also injected 1.6 trillion rupiah into NeutraDC on June 4, supporting the development of a hyperscale data center in Cikarang, West Java, which will add 18 MW to the existing 42 MW capacity. Despite Singapore being the regional leader in data centers, experts suggest Jakarta could attract significant investment by demonstrating good data governance, strict data protection enforcement, and robust infrastructure. “Foreign investors often question whether Indonesia has strong data laws,” said K&K Advocates partner Danny Kobarata. Indonesia’s data protection law, passed in 2022, will be implemented in October this year. Straits Interactive CMO Alvin Toh advised companies to showcase compliance with international standards through self-audits and exceeding compliance requirements. — The Jakarta Post/ANN

SINGAPORE:  Supermom, Southeast Asia’s leading parenting data network, is poised for a year of remarkable expansion, forecasting a 100% increase in revenue for 2024 and intensifying its presence across Southeast Asia, particularly Indonesia. The company also builds high-value communities in Malaysia, Thailand, and Vietnam. The disclosure comes alongside the appointment of Hellen Katherina, former Managing Director of Nielsen Indonesia, as Country Director, marking a significant enhancement in leadership aimed at accelerating regional growth. Supermom’s network now includes over 100 brand partners such as Abbott Laboratories, Prudential, and Danone, with a 100% retention rate of top clients in recent years. With headquarters in Singapore, Supermom connects brands with parents through a unique platform that leverages artificial intelligence to facilitate meaningful interactions. This innovative approach introduces parents to products tailored to their needs, and those of their children, but also provides multinational brands with high-value consumer insights. Luke Lim, Group CEO of Supermom, highlighted the company’s strategic initiatives, “With the appointment of Hellen Katherina and the launch of our ambitious Project 1MPACT, we are geared to activate over 1 million ‘Key Opinion Moms’ in Indonesia by 2025. These moves are integral to our mission of transforming how brands connect with parents by leveraging the power of zero-party data and word-of-mouth marketing.” Project 1MPACT, set to launch officially in Q2 2024 with support from Sandiaga Uno, Indonesia’s Minister of Tourism and Creative Economy, aims to empower 1 million Indonesian moms and women to become digitally savvy. This initiative will also contribute significantly to the nation’s digital economy, which is expected to reach US$228 billion by 2027. At the end of 2022, Supermom raised an oversubscribed US$5.9 million series A fundraising round from AC Ventures and Qualgro. This funding has enabled the continued expansion of Supermom’s proprietary tech platform, unifying data touchpoints and enhancing the collection process to build a robust consumer data platform for brands. Luke said, “Our platform has demonstrated tremendous growth and resilience, activating one mom every minute for the brands we serve. This rapid expansion is a testament to our community’s engagement and the efficacy of our business model, which integrates affiliate marketing seamlessly into our ecosystem, empowering participating parents to earn extra income.” He added, “Supermom is not just about connecting brands with parents. It’s about creating a comprehensive ecosystem where moms can learn, earn, and share. This community-driven model allows for authentic interaction and empowers moms with tools and opportunities to influence their peers positively. In the increasing adoption of Generative AI, a tsunami wave of content will be generated by AI, and authentic sharing by real moms will become ever more important.” The recent Supermom Brand Awards 2024 is a key example of the platform’s growing influence, gathering over 11,000 parents to provide over 110,000 insights across Southeast Asia in less than a month, and showcasing the favorite family brands of today’s millennial parents. As Supermom continues to evolve, the company remains on the lookout for business partners and investors to enhance its technology and further develop AI-driven solutions that cater to the dynamic needs of parents and brands in emerging Asia. New tech products are slated for rollout in H2 2024 to boost engagement and connectivity, ensuring that parents can maximize the benefits of Supermom’s offerings.

JAKARTA: JULO, a leading digital financial services platform dedicated to financial inclusion for the underbanked in Indonesia, announced today that it has achieved significant loan disbursement growth. In the first four months of 2024, JULO’s total loan disbursement surged by 87.19% compared to the same period the year before, exceeding  US$189 million. The company is now on track to disburse more than US$650 million in 2024. To give context, the company has successfully disbursed over US$1 billion in total since its 2016 inception, with a milestone of nearly US$500 million disbursed in 2023 alone—a 50% increase from the previous year. The company has also seen a surge in its user base, attracting more than 2 million users, marking a 58% increase in 2023.   Backed by AC Ventures, JULO is now profitable before tax and expects to turn fully profitable by the end of the year. Capitalizing on its proven business model and robust growth, JULO is poised to evolve into an impact-focused neobank, dedicated to serving the largely underserved Indonesian market and furthering financial inclusion in the region.   At the core of its success to date, the company has pioneered an innovative consumer financing product that utilizes comprehensive behavioral data for cutting-edge credit underwriting. This strategy has enabled JULO to develop and offer virtual credit card products specifically designed for Indonesia’s middle-income population, providing unprecedented credit access to millions and promoting economic empowerment throughout the nation.   The company’s latest growth achievements also include a 73% increase in revenue in 2023 and a remarkable 75%+ retention rate per cohort, which dramatically reduces loan acquisition costs and enhances operational efficiency.   JULO’s growth is bolstered by partnerships with leading financial institutions, including global firms like Credit Saison and also local giants like Bank Sampoerna and Superbank, to empower disbursements to the middle-income segment in Indonesia.   JULO Group President Ankur Mehrotra explained, “Investor sentiments may fluctuate, mirroring the broader economic and investment cycles. Despite this volatility, the demand for a responsibly led, financial inclusion-focused financial services firm in Indonesia has remained steadfast. At JULO, we are committed to being that impact-driven entity. Now, more than ever, there is a clear investor appetite for businesses like ours that not only deliver substantial social impact but also generate solid financial returns for our investors.”   The middle-market segment in Indonesia provides an approximate US$100 billion opportunity. The company recently launched non-credit products, such as insurance, in 2023 and will continue to build upon its new offerings.   Ankur said, “We are deeply optimistic about the long-term macroeconomic prospects of Indonesia and the enduring potential of its financial services industry, given that Indonesia has the lowest household debt to GDP ratio amongst ASEAN countries. Despite facing various crises and unforeseen headwinds, JULO has successfully navigated the market for over seven years and is now flourishing more than ever. We are committed to building a business that will transcend generations.”