Cindy Silviana

Indonesian regulator approves merger of BTPN, Sumitomo Mitsui unit

BTPN and the Indonesian unit of Tokyo-listed Sumitomo Mitsui Financial Group announced plans to merge this year after the Japanese lender’s chief executive said it was keen to increase its ownership in BTPN from 40%.


Grab, Go-Jek’s battle to become SE Asia’s preferred super app plays out on the streets

The region is big enough for many players to have their share. But Go-Jek and Grab are expected to be hard to beat with the familiarity and trust built up by their ride-hailing services and perhaps surprisingly in a digital age, their human agents.


SoftBank nearing deal to invest $500m in ride-hailing firm Grab

The investment is part of the roughly $1 billion that Grab is seeking to complete an ongoing $3-billion funding round.


Indonesia’s stock exchange to launch technology platform, eyes Go-Jek IPO

Indonesia’s IDX and OJK are working to amend IPO rules, that require companies to be profitable within two years of listing.


Indonesia’s regulator approves MUFG request to raise stake in Bank Danamon

The OJK approved MUFG’s planned purchase of Asia Financial’s stake of 20.1 per cent in Danamon.


Indonesia’s Pertamina seeks nod to divest assets to shield from risks

Pertamina wants to divest to help maintain its long-term financial condition, and to avoid risking too much in any one particular asset class.


Goldman loses Indonesia court appeal in Hanson share ownership dispute

A Jakarta court ruled in favor of Tjokrosaputro in November 2017, ordering the U.S firm to return shares and pay $22.07 million in compensation.


Indonesia reverses ban on Chinese video app Tik Tok

Tik Tok is operated by venture-capitalist backed Toutiao, one of China’s fastest-growing technology startups valued at over $30 billion.


Indonesia state-owned infra firm SMI raises $105m in green bonds

In February, Indonesia became the first Asian country to sell “green” bonds internationally in a $1.25 billion deal.


Conglomerates-backed Indonesian VC tech fund to be launched in 6 months

Minister of Communications and Information Rudiantara said the fund, which would be pooled from Indonesian conglomerates, was supported by his ministry, with its structure currently being discussed with the country’s financial regulators (OJK).