10 bulan yg lalu

IFC backs impact startups💸. New e-commerce logistics rules 📦. SEA’s green push stumbles 🌱.

Dear subscribers,

As we move deeper into mid-year, the digital economy landscape continues to gain momentum. This week, we’re seeing bold commitments from global finance institutions to support inclusive finance and biotech innovation in Indonesia. At the same time, policy shifts—from crypto taxation to logistics regulation—are shaping the digital economy’s foundations. Meanwhile, Southeast Asia’s green transition is under the spotlight, revealing both its urgency and untapped potential.

Let’s dive into the headlines.

Best regards,
The DailySocial Team

Here are some interesting news highlights from the local startup ecosystem over the past week:

💉 IFC invests in Indonesia's vaccine biotech firm Etana.
The International Finance Corporation (IFC) is set to invest US$30 million in Etana, an Indonesian biotech company founded in 2014 by Nathan Tirtana. The funding will help expand Etana’s vaccine and biologics production. The total round is US$60 million, with the remaining half expected from other investors. Etana specializes in treatments for communicable and non-communicable diseases, including cancer and kidney-related illnesses. [Read more]

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