Yessar Rosendar

1 week ago | forbes.com | Yessar Rosendar

The Chandra Asri petrochemical plant in Cilegon, outside Jakarta. Courtesy of Chandra AsriSovereign wealth funds Danantara Indonesia and Indonesia Investment Authority (INA) are investing in Chandra Asri Pacific’s $800 million chemical plant project outside Jakarta.

1 week ago | share.google | Yessar Rosendar

Damac Group—controlled by Dubai billionaire Hussain Sajwani—is deepening its investment in Indonesia with a $2.3 billion data center project, its second in the country, amid booming demand for cloud computing and artificial intelligence applications. Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in Jakarta, the company said in a statement on Wednesday.

2 weeks ago | forbesmiddleeast.com | Yessar Rosendar

2 weeks ago | forbes.com | Yessar Rosendar

Sunjay Kapur, chairman of auto component maker, Sona Comstar. Sona ComstarIndian-born billionaire Sunjay Kapur, chairman of auto components maker Sona Comstar, died on Thursday at the age of 53. Kapur had a heart attack while playing polo, his favorite sport, in the U.K. where he was holidaying with his family. Sona Comstar and the Automotive Component Manufacturers Association of India (ACMA), confirmed his death. Kapur was the immediate past president of the association.

2 weeks ago | flipboard.com | Yessar Rosendar

1 day agoCNN — In the blue skies above western India, flight AI171 was struggling to gain altitude. The London-bound plane had barely left the runway at Ahmedabad airport before it was careening back to earth. In a video, the aircraft is seen slowly sinking behind residential buildings, before a huge fireball …