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 »

Indonesia Dealbook : Samsung’s Galaxy Note 5 to be produced locally; Smartfren ties up with Nokia; KompasGramedia joins hands with Brightcove

  Indonesian sectors of telecom and media saw several new developments with Samsung Electronics Indonesia manufacturing Galaxy Note 5 locally in a bid to fullfill the new in Indonesian legal contnet limit in mobile devices (20 per Icent). Local operator PT Smartfren Telecom Tbk (FREN) has joined hands with Finland’s Nokia to… Read more »

HD Asia, Penida Capital partner with Indonesia’s Makassar city for infrastructure projects  

Mayor of Makassar city on Indonesia’s Island of Sulawesi has signed a memorandum of understanding with private equity firm HD Asia Advisory and Penida Capital Advisors Ltd to establish Makassar Public-Private Partnership Investment Center (MPI Center), that will facilitate the institutional investors interested in the region’s infrastructure projects. The investment centre, the first in… Read more »

Indonesia telecom player XL Axiata to raise $105m from bond offer to pare debt

Indonesia mobile telecom operator PT XL Axiata Tbk (EXCL) is seeking to raise up to Rp 1.5 trillion ($104.90 million) by issuing Islamic Bonds (Sukuk) this year, said the company director on Sunday. The bonds issuance is pending approval from the Financial Services Authority and the Indonesia Stock Exchange. Mohamed Adlan,… Read more »

Indonesia’s Pertamina ties up with Go-Jek; to supply $340m worth diesel to Adaro

Indonesia state energy firm PT Pertamina signed a delivery service for fuel, gas and automotive lubricants with an e-commerce app-base motorcycle taxi company, Go-Jek Indonesia. At the same time, the largest oil & gas producer in the country has signed a deal to supply up to 550 million liters (3.5 million… Read more »

Indonesia realty Dealbook : Astra’s Anandamaya and Intiland launch luxury real estate projects, MNC-Trump JV resort to be completed by 2019

Indonesian property firm seem intent on the opportunities offered by the growing luxury real estate market in the country.PT Brahmayasa Bahtera, a unit of conglomerate firm PT Astra International Tbk (ASII) and property firm PT Intiland Development Tbk (DILD) launched an upsale property project in Jakarta and Surabaya. While publicly listed developer PT… Read more »

Indonesia e-commerce Dealbook : Government mulls five-year roadmap, Mataharimall launches online platform

The Indonesian government plans to launch the guidelines that will regulate the e-commerce industry for the next five years. While Mataharimall.com, an e-commerce platform from of Indonesian conglomerate Lippo Group, launched its e-commerce business in the country. Government mulls e-commerce roadmap Minister of Communications and Information Technology Rudiantara told reporters on… Read more »

Indonesia’s Kresna to acquire stakes in Singapore-based DominoPos, MDAQ

Indonesia’s investment company, PT Kresna Graha Investama Tbk (KREN) is in the process of investing in Singapore based DominoPos Pte Ltd, a software development for mobile payment & CRM domain firm and MDAQ Pte Ltd, a financial technology firm, said a company official late Thursday. Michael Steven, president director of Kresna… Read more »

Indonesia Dealbook: Health supplement firm sets up online store; LMIRT plans securities issue

Indonesian health supplement firm healthy.co.id  takes the e-commerce route while Singapore LMIRT Capital Pte. Ltd. and HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Lippo Malls Indonesia Retail (LMIRT) Trust, have established a S$1 billion Euro Medium Term Securities Programme. Health supplement healthy.co.id website launches e-commerce Joining… Read more »

PayPal expands seller protection policy in Southeast Asia

PayPal, the global leader in payments, announced that it will be making a significant expansion to its seller protection policy in six markets in Asia — Indonesia, Malaysia, Singapore, the Philippines, Thailand and Vietnam. Also Read: Peer-to-peer mobile payment app Xendit lauches ops in Indonesia The company said the expanded protection… Read more »