Fransiska Nangoy

ExxonMobil to buy Indonesian lubricant firm Federal in $436m deal

ExxonMobil plans to buy 100% of FKT, including the Federal Oil brand.

Go-Jek mulls Jakarta IPO but no time frame fixed yet

President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.

Indonesia’s fintech lending surge takes advantage of deficit in bank credit

The emergence of these peer-to-peer (P2P) lending platforms has so far been welcomed by Indonesia’s financial regulators.

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’s Danamon shares rise to 17 year high post MUFG deal

Danamon’s shares rose 16.7 percent in early trade on Wednesday to 7,000 rupiah per share.

Bank Indonesia bans fintech firms from using cryptocurrencies in payments

The central bank said it is examining whether there’s a need to regulate trading on virtual currency exchanges.

Shares of firms controlled by Trump’s Indonesian business partner surge

Shares of Indonesian companies controlled by Donald Trump’s hotel business partner, Indonesian tycoon Hary Tanoesoedibjo, surged on Wednesday as the Republican nominee clinched the U.S. presidency, defeating Democratic rival Hillary Clinton. Trump has a partnership with Tanoesoedibjo, who controls the MNC Group conglomerate, to manage hotels in the Indonesian island… Read more »

Indonesia’s XL Axiata sells its tower assets for $267m

Indonesian telecommunication provider PT XL Axiata said on Tuesday it has signed an agreement to sell 2,500 units of its telco towers for 3.57 trillion rupiah ($267.22 million) to PT Profesional Telekomunikasi Indonesia

Indonesian taxi drivers to rally for ban on online taxi apps

Thousands of Indonesian taxi drivers will take to the streets of the capital on Tuesday for a protest rally to demand the government prohibits ride-hailing apps like Grab and Uber, as a price war intensifies. The proliferation of cheap taxis using ride-sharing apps Go-Jek, Grab and Uber has made the… Read more »

Indonesia set to unveil stimulus measures to bolster rupiah

Indonesia will announce later on Tuesday the second installment of a stimulus package aimed at supporting the rupiah and reviving growth in Southeast Asia’s largest economy, Chief economics minister Darmin Nasution said. President Joko Widodo, along with his economics team, will unveil the latest measures at the presidential palace in… Read more »