Indonesia’s KADIN invests in sustainable cocoa production by SMEs

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Indonesia’s PT Palapa Nusantara Berdikari, a unit of the Indonesian Chamber of Commerce and Industry  or Kamar Dagang Dan Industri Indonesia (KADIN) is injecting capital in to small and medium enterprises (SMEs) to empower their business. The latest entity that received capital from Kadin – amounting to Rp200 million ($14,925)… Read more »

US-based Bankai Group partners with a telecom provider in Indonesia

US-based Bankai Group said it has set up a strategic partnership with a leading telecom service provider in Indonesia with an aim to tap the growing information, communication and technology (ICT) industry in the country. However, Bankai is yet to disclose the name of its Indonesian partner. As part of… Read more »


Indonesia’s Telkomsel collaborates with Trikomsel for handset bundling deals

The largest mobile operator in Indonesia, PT Telekomunikasi Selular (Telkomsel), unit of state-run telecom operator PT Telkom Indonesia Tbk (TLKM), has joined hands with gadget store operator PT Trikomsel Oke Tbk (TRIO) to launch a device bundling program to drive the growth in smartphone users, the company said in a… Read more »


Indonesia’s Len inks deal with Singapore, China firms to produce fiber optic cables

Indonesia’s state owned PT Len Industri has signed an agreement with Newstar Energy International Pte Ltd (NEI) of Singapore and Ahcof International Development Co Ltd of China to develop an optic fiber cable plant in Technopark in Subang, West Java. The memorandum of understanding (MoU) to build the fibre optic plant… Read more »


Indonesia’s Bank Mandiri partners ASCO, Tunas for multifinance biz JV

PT Bank Mandiri Tbk (BMRI), the largest bank by assets in Indonesia, is planning to tap the growing automotive credit market through a joint venture (JV) with a multifinance firm PT Mandiri Utama Finance (MUF). The bank plans to collaborate with automotive distribution company ASCO Automotive and Tunas Group for establishing the JV company. In… Read more »


Indonesia’s MNC Group to consolidate pay TV, broadband biz under new holding co

Indonesian conglomerate MNC Group, owned by tycoon Hary Tanoesoedibyo, is planning to set up a new entity that will serve as a holding company for its pay TV and broadband businesses in a bid to better synergize the two, a local media reported. Also Read: CVC, First Media looking to divest… Read more »


Garuda Indonesia partners with CFM International for airline’s 737 MAX Fleet

State-run flag-carrier PT Garuda Indonesia Tbk (GIAA) and CFM International have announced the expansion of their long-term partnership, under which, CFM will provide support for the airline’s future fleet revitalization program. Under the arrangement, Garuda is committed to purchase 50 Boeing 737 MAX 8 aircraft, which will be powered by… Read more »


Indonesia’s BRI takes baby steps for Asia expansion with Singapore office

PT Bank Rakyat Indonesia Tbk (BBRI) or Bank BRI, Indonesia’s oldest commercial bank, is now expanding its network to Singapore, in order to strengthen its banking business network in Asia. BRI’s newest overseas branch is located at the heart of Singapore, at OUE Bayfront, 50 Collyer Quay. The Singapore office… Read more »


NTT Com buys Cyber CSF to boost Indonesian datacentre presence

Japan’s NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE:NTT), announced that it has signed an agreement to wholly acquire PT Cyber CSF (Cyber CSF), a data center service provider headquartered in Jakarta, Indonesia. The value of the deal was not disclosed. NTT Com said… Read more »


Indonesian property firm Bumi Serpong Damai eyes $560m pre-sales in 2015

Indonesia’s PT Bumi Serpong Damai Tbk (BSDE), a property unit of Sinar Mas Land is aiming to book Rp7.5 trillion ($559.70 million) in property pre-sales for 2015, the company said in a statement. The target is 15% higher than last year’s results Rp6.5 trillion. In first half (H1) of 2015, the company… Read more »