Search Results for:Cindy Silviana

Indonesia lays foundation for transfer of Grasberg copper mine to local control

Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.


Japan’s MUFG hopeful of regulator nod to gain control of PT Bank Danamon

A successful transaction could become the biggest acquisition of an Indonesian firm on record.


Indonesia: Rimau gets shareholders’ nod to raise $252m to buy AirAsia unit

Rimau will sell 13.64 billion new shares and PT Fersindo Nusantara and AirAsia Investment Ltd – the current owner of Indonesia Airasia – are acting as standby buyers.


Indonesia court scraps new ride-hailing tariff rules

The country’s Supreme Court has ruled that tariff ranges imposed by the government last month on online ride-hailing services are illegal.


Carlyle, Southern Capital in talks to sell Indonesia tower operator STP at $1b valuation

The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP).


Indonesian state firms securitise assets to attract foreign pension funds

Indonesia hopes to attract Canada Pension Plan, Japan’s GPIF.


Indonesia: 7-Eleven finds popularity isn’t enough to survive in market

The owner of the 7-Eleven master franchise in Indonesia is closing all its domestic outlets.


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


Troubled Indonesian insurer Bumiputera struggles to find white knight

Indonesian authorities seeking to shore up troubled life insurer Bumiputera have had little luck in finding a strategic investor and engineering a backdoor listing, increasing the likelihood that some form of state aid may have to be considered. Despite restructuring under the stewardship of Indonesia’s Financial Services Authority (OJK) since… Read more »


Indonesia’s Bank Mandiri eyes acquisitions in Philippines, Myanmar

State-controlled Mandiri is also setting its sights on regional growth, with plans to invest at least 300 million ringgit ($72 million) to open 10 to 12 branches in neighbouring Malaysia over the next three years.