By Vincencia NLS
With the latest transaction, Rio Tinto has now announced or completed $4.7 billion of divestments since January 2013.
In developments related to Indonesia banking sector, IFC is said to be eyeing a stake in the country’s first Islamic lender PT Bank Muamalat Indonesia. State-owned PT Bank Negara Indonesia Tbk (BBNI) plans to issue negotiable certificate of deposit (NCD) of Rp4 trillion ($287.77 million) in 2016. Bank Muamalat may see IFC come in… Read more »
eBay already has an existing joint venture company named PT MetraPlasa with a unit of state-owned telecommunication operator Telkom.
In a surprising move, PT Ford Motor Indonesia (FMI), announced on Monday (Jan. 25) that its parent firm U.S General Motors Company (GM) has decided to close its operation in Indonesia from the second half this year.
Indonesian second-hand goods marketplace Jualo has secured Series A funding from NSI Ventures.
Weak market conditions forced the the budget airliner to delay plans for a listing scheduled for first quarter of 2016.
Indonesia Dealbook: Winners emerge for Palapa Ring fiber-optic cable project; Berrybenka open more pop-up stores
Two bidders, PT Mora Telematika Indonesia – PT Ketrosden Trias Mitra and Pandawa Lima consortium has win the Palapa Ring fiber-optic cable project. While, one of Indonesia online fashion boutique Berrybenka expanding its services by opening pop-up stores in several major cities nationwide.
Indonesia state owned energy company PT Pertamina is mulling a plan to sell shares of three subsidiaries, while, PT Bank Sinarmas Tbk (BSIM), a small-sized lender of conglomerate Sinar Mas Group, plans to sell 7.8 percent of its enlarged capital in May to support its loan expansion.
Indonesia allows 100% foreign investment in tourism segments, to relax sectoral caps in many more industries
Some of the sectors that could see relaxation in foreign investment caps are e-commerce, creative economy, retail, industry, health, public works and housing.
Malaysian riding booking apps GrabTaxi has appointed former Malaysian flight carrier AirAsia Bhd’s director Ridzki Kramadibrata as a new Managing Director for Indonesia, the company said in press statement.