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.

Indonesia DB: Atlas Resource divests Berau Bara; Berau Coal buys Revessel

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 »

Lippo Group launches REIT in Indonesia, eyes $184m

The REIT will be listed on the Indonesian Stock Exchange (IDX)

China’s Tencent in talks to invest in Indonesian unicorn Go-Jek

Go-Jek was valued at around $1.3 billion last year.

Indonesia DB: Worktrees gets funding; United Tractors sets up JV; IATA private placement

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 »

Indonesia: Moka gets $2m from in Mandiri Capital-led round

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 »

Uber rival Grab to buy Indonesia payment startup Kudo for over $100m

It will be funded from $700m Grab seeks to invest in Indonesia.