Fathiya Dahrul

Indonesia set to issue stricter regulations for fintech sector

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 to have more bitcoin investors than stock participants by year-end

Indonesia Digital Asset Exchange will have 1.5 million members buying and selling digital currencies by the end of the year.

Warburg, Baring PE Asia among suitors for Indonesia’s consumer finance firm BFI

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.

Morgan Stanley’s top man in Indonesia to leave post for HSBC

Oki Ramadhana, who heads Morgan Stanley’s Indonesian operations, will be leaving to join HSBC.

Indonesia’s Bank Danamon fields interest from suitors for insurance unit

The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.

Indonesian drugmaker Kalbe Farma eyes Sri Lanka, Mideast expansion

Kalbe, which gets about a third of its revenue from distribution and logistics, is open to roping in an equity partner for the unit, a top executive said.

Indonesia, Freeport to transfer majority ownership in giant Grasberg copper mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Indonesian Pizza Hut operator Sriboga Raturaya mulls $150m IPO

It will join Hermina Hospital Group and snack maker GarudaFood Group in seeking to sell stock.

MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

MUFG will probably buy 40 percent of Danamon in two phases, the first of which may take place early in 2018

Indonesia asks state-owned firms to tap markets for capital

The country is asking 118 companies to embrace new sources of fundraising starting next year.