ExxonMobil plans to buy 100% of FKT, including the Federal Oil brand.
President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.
The emergence of these peer-to-peer (P2P) lending platforms has so far been welcomed by Indonesia’s financial regulators.
A successful transaction could become the biggest acquisition of an Indonesian firm on record.
Danamon’s shares rose 16.7 percent in early trade on Wednesday to 7,000 rupiah per share.
The central bank said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
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 »
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
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 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 »