By Antonia Timmerman
“We are not retreating from Indonesia nor the Philippines”
Indonesian state-owned energy firm Pertamina will submit proposals to purchase two oil fields in Iran, the government announced yesterday. Meanwhile, in a further development of Indonesia’s row with US-based gold miner Freeport McMoran, the government said that Indonesia Asahan Aluminium (Inalum) is ready to be the manager of Grasberg mining… Read more »
Health, consumer, food, fintech, education will get more investor attention
Indonesian digital veteran and CEO of Bubu.com Shinta Dhanuwardoyo has been named co-founder and CEO of Sqeeqee, according to a release. Dhanuwardoyo will be working together with Jenny Q. Ta to develop the website, dubbed as the world’s first “social networthing” platform. Sqeeqee describes itself as a “social commerce platform”… Read more »
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.