Australia’s ANZ plans to sell its shares in Indonesia’s Panin Bank

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Australia & New Zealand Banking Group Ltd (ANZ) is planning to sell its 38.9 per cent stake in Indonesia medium lender PT Bank Pan Indonesia (PNBN), it said in a public statement. ANZ is seeking to sell its stake in the bank, also known as Panin Bank, after Australian regulators introduced… Read more »

China’s Fortune Phoenix to acquire 20% stake in Indonesia’s Inovisi

Chinese investment company, Fortune Phoenix Investment Holdings Ltd (Fortune) will acquire 20 per cent shares of PT Inovisi Infracom Tbk (INVS), an Indonesia telecommunication infrastructure services company. Inovisi said in an official statement that Fortune will acquire Inovisi shares from its holding company PT Green Pine Enterprises. Currently, Green Pine owns 60.25 per… Read more »


ASEAN IoT and M2M leaders to meet at Asia IoT Business Platform

Southeast Asia’s leading Internet of Things (IoT) and Machine to Machine (M2M) thought leaders will be gathering in Jakarta in August during the Asia IoT Business Platform to discuss the opportunities and challenges of growing the IoT/M2M space in Southeast Asia. Telkomsel president director, Ririek Adriansyah, and Bambang Heru Tjahjono, director general… Read more »


South Africa’s Irdeto partners with Samsung, SMiT to launch D2TV system for Indonesia’s Transvision

 Irdeto, a subsidiary of South African multinational media group Naspers (JSE: NPN), said it is partnering with Samsung and SMiT, to launch the first broadcast Direct-2-TV (D2TV) system for Transvision, an Indonesian satellite, internet and cable television operated by PT Indonusa Telemedia, that does not require a set-top box. Indonusa Telemedia was… Read more »


Indonesia’s HijUp raises second round of seed funding from Fenox, 500 Startups, EMTEK

Indonesia’s first Islamic fashion e-commerce portal Hijup.com has secured a 7-digit figure seed funding from a strategic consortium of global investors, including Fenox Venture Capital, 500 Startups; and Indonesia’s largest media group, EMTEK. The company did not disclose the amount of the seed funding. This seed round equips HijUp.com to further… Read more »


Taiwan Billion Electric eyes Indonesia’s smart tech market

Billion Electric Co Ltd, a global ICT solution and networking CPE provider from Taiwan, plans to enter the market for broadband infrastructure in Indonesia, the company said in a statement. The company will be launching its comprehensive portfolios of mobile and broadband networking (xDSL, Fiber, 3G/4G LTE, M2M) equipment in the country. It also integrates… Read more »


Electronic City Indonesia to invest $15m for retail biz expansion

Indonesia based retailer of electronic appliances, PT Electronic City Indonesia Tbk (ECII) has allocated capital expenditure Rp200 billion ($15.04 million), this year for expansion. This fund will be used to strengthen its online shopping portal www.electronic-city.com, and to develop IT infrastructure. In addition, a part of the fund will be used to build… Read more »


Indonesian financial portal Cermati raises seed funding from East Ventures, BEENOS Plaza

Cermati, an Indonesian online financial portal for finding and comparing financial product information, has secured a seed funding round led by East Ventures. BEENOS Plaza also participated in this round.The size of the round was not disclosed. The funding will be utilised to expand its team and to bolster its product… Read more »


India’s CarDekho scouting for acquisitions in Indonesia & South East Asia

India-based and Ratan Tata-backed CarDekho is on the lookout for acquisitions in the range of $1-5 million (Rs6-30 crore) in Southeast Asian market such as Indonesia, Malaysia and Vietnam and Thailand, The Economic Times reported. Amit Jain, chief executive of CarDekho said, the Jaipur-based automotive classifieds portal is making a start in… Read more »


Indonesia based units of Holcim, Lafarge to merge

Cement producer PT Holcim Indonesia Tbk (SMCB) is preparing to merge with PT Lafarge Cement Indonesia after its holding company Swiss Holcim Ltd and French Lafarge SA announced the finalisation of their merger process. Deputy corporate secretary Andika Lukman said in statement, globally the two companies has launched LafargeHolcim as a… Read more »