By Antonia Timmerman
Publicly listed Atlas Resource has agreed to divest 100 per cent stakes in unit Berau Bara Energi to local firm Andalan Satria Permai. In another development, Berau Coal Energy has announced that it will acquire Rosan Roeslani-controlled Revessel Indonesia. Atlas Resources Atlas Resources has agreed to offload 100 per cent… Read more »
The REIT will be listed on the Indonesian Stock Exchange (IDX)
Go-Jek was valued at around $1.3 billion last year.
Software developer marketplace Worktrees obtains funding from angel investor and Indonesian entrepreneur Grace Tahir, Indonesia Transport and Infrastructure (IATA) is raising Rp16.6 billion ($1.2 million) through a private placement, and United Tractors sets up a new joint venture with Japan and Netherlands to operate a steam-powered plant in Jepara, Central… Read more »
Point-of-sale app operator Moka has just received $2 million in a funding round led by Mandiri Capital, with participation from Convergence Ventures, East Ventures, Fenox VC, and Northstar Group, according to an announcement today. The investment followed a $1.9 million, East Ventures-led series A round obtained by Moka in June… Read more »
It will be funded from $700m Grab seeks to invest in Indonesia.
Indonesia is considering starting talks with Korea and Japan to form a council for venture capital firms, the Indonesian VC and startup association (AMVESINDO) chairman Jefri Sirait told this portal. The council is intended to be a forum to connect investors, regulators, players, and all the industry stakeholders in Indonesia,… Read more »
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is… Read more »
The deal is to sell 37% in Eagle High Plantations for $505.4 million.
Tycoon Thohir also heads publicly-listed coal miner Adaro Energy.