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Make money by using AI to personalize online product searches and increase conversions ✌️【Stock】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!TheWidjaja family’s wealth soared 75% to $18.9 billion, fueled by a sevenfold jump in shares of Dian Swastatika Sentosa, the energy-to-infrastructure unit of their Sinar Mas group.

Now the family’s biggest asset, Dian Swastatika, has lately been expanding its renewables and telecoms portfolio.Significant profit growth for non-coal businesses in 2023 helped drive investor enthusiasm, says Hendra Wardana, founder of Indonesian research firm Stocknow.id.

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It’s also partnering with Korean tycoon Kim Nam-goo’s Korea Investment Real Asset Management to build a $300 million data center in Jakarta.Separately, Sinar Masconcluded plansto merge its telecoms unit Smartfren with XL Axiata, the third-largest telecoms company in Indonesia by subscribers, in a deal valued at $6.5 billion.

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