The government requires all ride-hailing apps to work in partnership with a rental car cooperative or company.
Indonesia textile firm PT Sri Rejeki Isman Tbk (Sritex) through its unit Golden Legacy Pte Ltd, announced the settlement of cash tender the senior debt approximately US$180.7 million of the $270 million aggregate principal amount.
Three Indonesian companies offers Rupiah bond with total value Rp5 trillion (US$364.96 million) in this month for business expansion purposing. Regional bank PT Bank DKI offered Rp1 trillion, state owned airport operator PT Angkasa Pura II (AP II) Rp2 trillion and publicly listed energy firm PT Medco Energi International Tbk (MEDC) Rp2 trillion.
United Arab Emirates-based hypermarket chain Lulu Group, has opened its first hypermarket in East Jakarta while Singapore-based investment company, Northcliff Capital has agreed to invest $200 million in the country.
At least seven companies will list their shares on the Indonesia Stock Exchange and the number is likely to go up in the second half of 2016, according to the country’s market regulator Financial Service Agency, commonly referred as OJK.
Indonesia investment company and infrastructure developer PT Astratel Nusantara, will be investing Rp 2 trillion (US$147.06 million) in infrastructure projects in this year. Most of the fund will use to develop toll road projects in Java Island.
Indonesian power company PT Cikarang Listrindo Tbk set the initial public offering (IPO) at Rp1,500 a share after marketing its 2.5 billion shares or raises Rp3.75 trillion ($275.74 million), said sources close to the deal. Previously the company offered the shares with a price range of Rp1,430 – Rp1,970 each.
Indonesia state-owned energy provider PT Pertamina and Russia’s oil & gas producer OJSC Rosneft Oil Company signed the framework agreement on green field Tuban Refinery project in East Java.
PT Pupuk Indonesia Holding Company (PIHC), a state owned fertilizer company, has unveiled its plan to raise Rp10 trillion ($735.29 million) through issuing bonds in the first quarter of 2017. Portion of the bonds proceeds will be used to refinance the company’s debts.
Indonesia offshore support vessels provider PT Sillo Maritime Perdana Tbk offers 600 million shares with indicative price in a range Rp117 to Rp 140 each to raises up to Rp 84 billion ($6.18 million) through initial public offering in June.