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southeast Asia

June 13, 2018

Toyota has made a billion-dollar investment into the ride-sharing service Grab, in line with chief executive Akio Toyoda’s belief that car-makers need to expand into other areas to survive.

Toyota has made a billion-dollar investment into the ride-sharing service Grab, in line with chief executive Akio Toyoda’s belief that car-makers need to expand into other areas to survive.

It is the biggest investment by a car-maker into ride sharing so far, as the companies invest in various technology firms as a way of coping with the rise of autonomous vehicles and the sharing economy.

Indonesian family business leaders top country’s rich list

August 1, 2014

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

Indonesia’s wealthiest billionaires all come from family businesses, according to a new rich list released this week.

In the wake of the southeast Asian nation’s presidential elections, held last month, Wealth-X has revealed the Hartono brothers, Michael and Robert, are the wealthiest Indonesian individuals, with a net worth of $9.7 billion (€7.2 billion) each.

The 9 July election was won by Joko Widodo, who did not come from an wealthy background, but instead grew up in a riverside slum in the city of Surakarta.