Telkom Indonesia to set up $75m venture capital business

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Indonesia’s largest telecommunication operator PT Telkom Indonesia Tbk (TLKM) plans to set aside Rp1 trillion ($75.19 million) to set up venture capital business, with an aim to capture the growing e-commerce business in the country. “We are planning to set up a venture capital business this year with total amount… Read more »

Indonesia government plans to license OTT services

Indonesian government is planning to encourage the development of national over the top (OTT) mobile Internet applications, which will be able to compete with the international OTTs such as Facebook and Twitter. To support this development, the government might require that the OTT operators have license in the country, said the Minister of Communications and… Read more »


Indonesia online commerce to touch $25b by 2016

Indonesia online commerce could be be worth Rp300 trillion ($25 billion) by 2016, almost three times that the online shopping market in 2013 which was worth $8 billion. This was revealed in a joint report released by idEA, Google Indonesia, and Taylor Nelson Sofres (TNS). With around 297 million mobile phone subscriptions and 83.6 million Internet users,… Read more »


Gelombang Seismic Indonesia to launch IPO next month

Indonesia’s PT Gelombang Seismic Indonesia, an oil and gas services company that is focused on seismic surveys, is planning to sell its shares via an initial public offering (IPO) next month. The funds raised from the IPO will be used for business expansion. Gelombang Seismic has appointed local securities firm PT… Read more »


US based ieCrowd, South Korea’s Yuyu Pharma team up to expand healthtech biz in Asia

Innovation Economy Corporation (“ieCrowdTM“), a California-based health technology company will be partnering Korea-based Yuyu Pharma Inc (Yuyu) to tap the developed and emerging economies, ranging from Indonesia to Japan in east and south east Asia. The new strategic alliance will help both the companies expand future access to healthcare and consumer markets for ieCrowd’s portfolio of… Read more »


Indonesia CPO Fund agency starts operations, to help increase bio diesel production

The Indonesian government has launched the Plantation Fund Management Agency, which collect the tax and manage the crude palm oil fund. The fund that will be collected from palm oil companies, will be used to support the palm oil sustainability development program, including boosting of the bio diesel production in the country…. Read more »


BI, Indonesian govt introduce new policies to support the struggling real estate sector

Indonesia property developers faced constrained business during the first half of the year, as sales lagged on the back of domestic economic slowdown and regulatory uncertainties. Central Bank of Republic Indonesia (BI) survey shows that the rate of growth in the residential property sales in Q1 2015 dropped significantly to 26.6… Read more »


Indonesia, Japan top market for Twitter in Asia

Asia Pacific has become Twitter’s  “fastest growing region”, with Indonesia and Japan coming in as two of its top markets worldwide; while India and South Korea are among the fastest growing markets in 2014, a company executive has said. Peter Greenberger, the company’s director of sales for emerging markets, said… Read more »


Indonesia’s Bank Harda to raise $10.71m from IPO

An Indonesian small-size lender PT Bank Harda Internasional is eyeing up to Rp142.50 billion ($10.71 million) from initial public offering (IPO) in August. The company is offering as much as of 950 million shares to the public, representing 25 per cent of the total paid-in capital at price range of… Read more »


Stanchart, Indosat target unbanked Indonesians with launch of Straight2Bank Wallet

Standard Chartered Bank Indonesia (Stanchart) of UK is partnering with a local cellular operator PT Indosat Tbk (ISAT), unit of Qatar firm Ooredoo Group, to launch Straight2Bank Wallet for corporate clients in the country, taking advantage of the growing popularity of cashless payment mechanism in the country. Straight2Bank Wallet will… Read more »