By Antonia Timmerman
Zalora sold its businesses in Vietnam and Thailand last year
Astra and StanChart each owned 44.8 percent of Permata as of Dec. 31
Sovereign’s Capital and Indonesian Gunung Sewu Kencana also participated.
Jakarta-based VC firm Kejora Ventures Wednesday marked the first close for its second fund at $21 million (the vehicle is targeting to raise $80 million), securing commitments from high-profile investors across Asia Pacific such as Indonesia’s Barito Pacific family, Thailand’s Charoen Pokphand, and other high net worth individuals in the… Read more »
Barito Pacific Group, the Charoen Pokphand family and Hubert Burda Media invested in the fund.
The latest financing round brings NIDA Room’s total investment to $11m.
Mandiri Capital Indonesia (MCI), the corporate venture capital (CVC) of state-owned Bank Mandiri, said that it is looking to expand regionally this year, and is in dialogue with the authorities to “find ways around” a recently launched rule on foreign ownership for payment services. “Expanding to Southeast Asia has always… Read more »
Dispute centers around Freeport’s 30-year mining contract expiring in 2021
It aims to benefit from the country’s tax amnesty programme.
Only two weeks back, Grab announced the appointment.