IDX President Director Tito Sulistio - Photo by Vincencia NLS

Indonesian stock exchange sets up startup incubator, opens registration today


The Indonesian Stock Exchange (IDX) has launched a business incubator program to help the country’s startups develop their businesses and prepare for listings. Startups from all stages can register online starting Monday, 30th of January 2017. About 20 startups (60 pax) will be selected to receive mentorship, training, access to… Read more »

Indonesia: Bank Central Asia launches VC unit, to invest $15m in fintech

Investments into Indonesian fintech industry is expected to touch $8b by 2018.

Indonesia: Logindo Samudramakmur to raise $10m via rights issue

Jakarta-listed Logindo Samudramakmur is to issue up to 1.63 billion new shares in a rights offering that could rake a total of Rp 135 billion ($10 million). The shares will be offered at Rp 83 – 92 apiece, the company said in a filing. “Proceeds from the rights issue will… Read more »

Indonesia: Berrybenka secures funding in round led by Maj Invest

Maj Invest Private Equity, Asia Summit Capital, and Softbank-Indosat Fund joined the round.

ADB inks $109m financing for clean energy venture in Indonesia

A project of PT Supreme Energy Muara Laboh, the Muara Laboh geothermal facilities is located in West Sumatra in Indonesia targeted to generate 80 megawatts of electricity.

Emtek unit acquires production house Sinemart Indonesia

Emtek Group’s Surya Citra Media (SCM), through its unit Indonesia Entertainmen Group (IEG), has acquired 80 per cent stake in production house Sinemart Indonesia, the company said on Wednesday. The purchase had been completed on January 23, 2017. Sinemart Indonesia is a local soap opera producer that has helped competitor… Read more »

Indonesia: Benakat Integra to close Mitratama takeover this year

Benakat Integra currently holds 70 per cent of Mitratama’s shares.

Indonesia: Indo Komoditi to acquire Zonergy’s local unit for $33m

Indonesian rubber producer Indo Komoditi Korpora has announced plans to acquire Chinese firm Zonergy’s local CPO unit, Sinar Cahaya Cemerlang (SCC), for a maximum price of $33 million. Headquartered in Beijing, Zonergy is affiliated with ZTE Group, one of the largest Chinese telecommunications companies. It engages in the development of… Read more »

Indonesia: Sociolla secures series B funding from Istyle, East Ventures

Sociolla’s new partner, Istyle, operates a popular beauty website @cosme

Indonesia: Cargill-controlled Sorini to go private

Cargill-controlled Sorini Agro Asia Corporindo has announced plans to go private and delist its shares from the Indonesian Stock Exchange (IDX). Parent company Cargill Foods Indonesia is now offering to buy back all public shares at Rp 4,250 apiece. The offer is 150 per cent higher than Sorini’s last trading… Read more »