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Yahoo
11-03-2025
- Automotive
- Yahoo
Indonesia's car sales post first growth since June 2023
JAKARTA (Reuters) - Indonesia's car sales in February rose 2.2% year-on-year, the first growth recorded since June 2023, data from the country's car association showed on Tuesday. Car sales in Southeast Asia's largest economy have been facing challenges due to weak spending power and a tendency to hold off car purchases during the national elections last year, association officials told local media. The number of cars sold by companies was 72,295 units in February, according to the association's data. A breakdown of the sales was not available on the association's website. Last month, a large autoshow was held in the country, where vehicle sales rose 19% year-on-year to 8 trillion rupiah ($490 million), according to A number of Chinese electric vehicle brands have entered the Indonesian market in recent years, including top EV carmaker BYD that currently holds around 36% of the market share in battery-based EV sales in the country. ($1 = 16,405.0000 rupiah) Sign in to access your portfolio
Reuters
11-03-2025
- Automotive
- Reuters
Indonesia's car sales post first growth since June 2023
JAKARTA, March 11 (Reuters) - Indonesia's car sales in February rose 2.2% year-on-year, the first growth recorded since June 2023, data from the country's car association showed on Tuesday. Car sales in Southeast Asia's largest economy have been facing challenges due to weak spending power and a tendency to hold off car purchases during the national elections last year, association officials told local media. The number of cars sold by companies was 72,295 units in February, according to the association's data. A breakdown of the sales was not available on the association's website. Last month, a large autoshow was held in the country, where vehicle sales rose 19% year-on-year to 8 trillion rupiah ($490 million), according to A number of Chinese electric vehicle brands have entered the Indonesian market in recent years, including top EV carmaker BYD that currently holds around 36% of the market share in battery-based EV sales in the country. ($1 = 16,405.0000 rupiah) Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Associated Press
04-03-2025
- Business
- Associated Press
Jagat Launches ‘Coin Hunt', Encouraging Outdoor Exploration and Real-World Interactions
Singapore, March 4, 2025 -- Jagat, a map-based social app, is growing rapidly across Southeast Asia, offering a new way for people to connect, explore, and engage with their surroundings. Designed to encourage real-world interactions, Jagat enables users to share locations, track footprints, and stay connected with friends while discovering their cities. Co-founded by Zhe Loy and Barry Beagen, the app now has over 22 million users worldwide, more than doubling its user base since its last coverage by TechCrunch. This growth reflects a rising demand for digital platforms that prioritize meaningful connections over passive browsing. 'We want to create a social app that helps people strengthen their relationships, meet new people, and be more present in the real world,' said Barry Beagen, Co-founder of Jagat. As part of this vision, Jagat introduced Coin Hunt, a location-based treasure hunt that encourages users to step outside, explore their cities, and engage with local landmarks and businesses. Coin Hunt: Connecting People Through Exploration Jagat Coin Hunt blends social engagement with real-world discovery. Players search for digital coins in physical locations, completing tasks to earn rewards. The feature has attracted millions of participants and contributed to a surge in app downloads, particularly in Indonesia, the Philippines, Vietnam, and Thailand. 'Coin Hunt is a fun way to encourage people to go outside, explore their city, and spend more time with friends and family,' Beagen said. The feature has also had positive effects on local businesses and public spaces, drawing more people to cafés, parks, and cultural sites. Supporting Local Communities and Tourism Jagat's impact extends beyond social interaction. The app has been recognized for its potential to support tourism and small businesses by increasing foot traffic to local attractions. l highlighted how Jagat's interactive features build stronger social connections. l Tribun News Jakarta noted its ability to promote cultural landmarks and historical sites. l Indozone praised its user-friendly design, making it accessible to a broad audience. Jagat is also working with governments and organizations to encourage outdoor activities and community engagement. In the Philippines, users shared how Coin Hunt helped them rediscover their cities and spend more time outdoors. Expanding to More Cities Following its success in Southeast Asia, Jagat plans to bring Coin Hunt to more regions, adapting the experience to local culture and landmarks. 'We're excited to see how Jagat can continue helping people explore, connect, and create real-world experiences,' Beagen said. With a growing user base and a focus on meaningful social interactions, Jagat is shaping the future of location-based social networking. About Jagat Jagat is a map-based social platform that helps users stay close with friends and families, encourage them explore the world around them, and build stronger communities. Founded in 2022 and headquartered in Singapore and Indonesia, Jagat is committed to fostering genuine connections and a more active and meaningful social experience. Email: Send Email Organization: Jagat Release ID: 89153721 Should you detect any errors, issues, or discrepancies with the content contained within this press release, or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team will be available to promptly respond and take necessary steps within the next 8 hours to resolve any identified issues or guide you through the removal process. We value the trust placed in us by our readers and remain dedicated to providing accurate and reliable information.
