Image from Zalora website.

Rocket Internet’s Zalora said to be exiting Indonesia after selling Philippines’ ops


Zalora sold its businesses in Vietnam and Thailand last year

Indonesia’s Astra exec says it will not sell stake in Bank Permata

Astra and StanChart each owned 44.8 percent of Permata as of Dec. 31

Indonesia: Printerous raises $1.4m led by Golden Gate Ventures

Sovereign’s Capital and Indonesian Gunung Sewu Kencana also participated.

Fund focus: Kejora’s Eri Reksoprodjo on its leap of faith, exits, future PE play possibility

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 »

Indonesia: Kejora Ventures marks first close of $80m fund

Barito Pacific Group, the Charoen Pokphand family and Hubert Burda Media invested in the fund.

Indonesia: NIDA Rooms gets $5.6m in Shanda Group-led series A

The latest financing round brings NIDA Room’s total investment to $11m.

Indonesia: Mandiri Capital seeks SEA expansion, lobbying with govt to relax rules

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 »

Freeport refuses to sell 51% Indonesia ops, threatens to take government to arbitration

Dispute centers around Freeport’s 30-year mining contract expiring in 2021

Indonesian construction firm Hutama Karya plans $412m bond issue

It aims to benefit from the country’s tax amnesty programme.

Ex-Indonesia top cop Haiti ‘resigns’ as Grab’s president commissioner

Only two weeks back, Grab announced the appointment.