Search Results for:Fathiya Dahrul
The exchange’s “accelerated board” for startups will exempt them from having independent directors or commissioners, or from having their financial statements audited.
A sale of CBA’s 80% stake in the Indonesian business is likely to fetch about $400 million.
Indonesia has had more IPOs this year than any other country in Southeast Asia, with Malaysia a distant second. And some 24 other companies are planning to list their shares before the end of December.
Malaysia’s YTL Corp. and PT Semen Indonesia are among suitors weighing bids.
At least three companies deferred initial public offering plans last week.
The Financial Services Authority, known as OJK, plans to issue new rules by June that will compel fintech firms to be registered with authorities. Unregistered companies won’t be allowed to tap financial markets or raise money from banks.
Indonesia Digital Asset Exchange will have 1.5 million members buying and selling digital currencies by the end of the year.
Baring PE Asia, Taiwan’s Cathay Financial Holding, and South Korea’s Shinhan Financial Group are among bidders for a stake in PT BFI Finance Indonesia.
Oki Ramadhana, who heads Morgan Stanley’s Indonesian operations, will be leaving to join HSBC.
The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.