Harry Suhartono

Indonesia’s Lippo sees no “more hiccups” in $18b township project after fundraising

The Meikarta project, touted as the “Shenzhen of Indonesia”, will be completed before its deadline, said John Riady, the newly appointed CEO of PT Lippo Karawaci.


What stands in the way of telco consolidation in Indonesia? Regulation and plenty more

With a national election looming in April, it remains uncertain if any reform on spectrum transfer can be made in time.


Indonesia exchange to ease trading rules to attract more retail investors

The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100.


Citi downplays Indosat merger after rumor doubled share price

The stock has doubled in a month on deal speculation. Citigroup Inc. says a merger would make no sense for Indonesia’s PT Indosat.


Indonesia’s stock exchange relaxes listing norms to boost trading

The exchange’s “accelerated board” for startups will exempt them from having independent directors or commissioners, or from having their financial statements audited.


KKR is at centre of tussle for control of Indonesian noodle firm Tiga Pilar

At a shareholder meeting in July, KKR — which holds 35% of Tiga Pilar’s voting stock — successfully voted to oust the company’s board of directors. The event ended with founder and President Joko Mogoginta publicly accusing KKR of attempting a “hostile takeover” as he stormed out of the gathering.


Stocks under pressure but the IPO frenzy on IDX refuses to die down

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.


Indonesia’s newest unicorn Bukalapak taps local kiosks in top spot chase

Bukalapak, which counts Singapore’s GIC and China’s Ant Financial among its investors, trails only Alibaba-backed PT Tokopedia, according to iPrice Group.


Indonesian stock market selloff turns spoiler for local listings

At least three companies deferred initial public offering plans last week.


Indonesia’s billionaire Hartono brothers chase tower assets as internet users swell

Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.