Indonesia’s PP Properti plans to develop three malls to boost recurring income

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Indonesian property developer PT PP Properti Tbk (PPRO), a subsidiary of state owned construction firm PT PP (Persero) Tbk (PTPP) plans to develop and operate three new malls to boost its recurring income from the current 5 per cent to 10 per cent in the next three years. Total proposed… Read more »

Indonesia’s HK Realtindo plans to raise $139m from IPO in Q4 2016

Indonesian property company PT HK Realtindo, a subsidiary of state-owned construction firm PT Hutama Karya, plasn to launch an IPO (initial public offering) in the fourth quarter (Q4) of 2016 or earliy 2017, said a senior official late Friday. The company also plans to rasie funding from Medium Term Notes (MTN) issuance worth Rp… Read more »


Uber to establish legal footing in Indonesia

Uber Technologies Inc, that operates the popular ride-sharing smartphone application Uber, is planning to submit a business proposal next week to the  Investment Coordinating Board of Indonesia to set up its company and gain a strong footing in the country, where it is facing a severe backlash from regulators and transport lobbies. At… Read more »


Telkom-Telstra telecom JV starts operations in Indonesia

Indonesia’s largest telecom firm PT Telekomunikasi Indonesia Tbk (TLKM) and Australia’s Telstra have kick-started the operation of their joint-venture company TelkomTelstra, which is aimed at tapping the growing telecom application and services market across Indonesia and the region. TelkomTelstra has launched a customer experience centre in Jakarta to introduce potential customers… Read more »


Indonesia’s state-owned construction cos upgrade annual contract targets, look at new projects

Indonesia state-owned construction firm PT Waskita Karya Tbk (WSKT) has revised its contracts target for the year 2015 from Rp 23 trillion (($1.6 billion) to Rp 39 trillion ($2.72 billIion), after successfully raising funds worth Rp 5.3 trillion from rights issue in June and bonds issuance valued at Rp 500… Read more »


Indonesia Dealbook : French firms eye pacts; Sugih Energy to sell part of Lemang block

A group of leading French companies are seeking to establish partnerships with Indonesian and Singaporean companies in a bid to expand their south east Asian operations. On the other hand, Indonesian oil and gas exploration and production company PT Sugih Energy Tbk (SUGI) seeks to sell portion of its shares in… Read more »


Taiwan’s Fubon considering bid for ANZ’s stake in Indonesia’s Bank Panin

Taiwan’s Fubon Financial Holding Co Ltd is weighing a bid for Australia and New Zealand Banking Group (ANZ) Ltd’s 39 per cent stake worth $612 million in PT Bank Pan Indonesia Tbk (Bank Panin), two people familiar with the matter said. “This is real,” one of the people aware of… Read more »


Indonesia may get $1.3b investment in renewable energy projects

A number of investors from Europe, United State and Qatar are in talks with the Indonesian government for collective investment of around $1.3 billion in the sectors of renewable energy and power plants in the country. This was revealed by a senior official at the Investment Coordinating Board (BKPM) . The renewable energy projects… Read more »


Indonesia based Waskita Karya’s two units to raise $278m via IPO in 2016

Subsidiaries of Indonesian state-controlled construction company PT Waskita Karya Tbk (WSKT) — PT Waskita Beton Precast and PT Waskita Toll Road, — are planning to sell portion of their shares through an initial public offering in 2016, with an aim to raise combined funds of Rp4 trillion ($277.77 million) Waskita… Read more »


Abu Dhabi-based Lulu Group to invest $500m to open hypermarkets in Indonesia

Abu Dhabi-based Lulu Group on Monday announced that it will spend $500 million to open hypermarkets in Indonesia. “With an initial investment of $300 million in the first phase, we plan to open 15 hypermarkets by the end of 2017,” said Yusuffali M.A., managing director and promoter of the group…. Read more »