Indonesia’s Financial Services Authority to regulate crowdfunding


Indonesia’s Financial Services Authority, or OJK, says it will announce a regulation covering crowdfunding in the country. The new rules will be introduced next week, said OJK chairman Muliaman Hadad on the sidelines of an event organised to sign an MoU between OJK, Eximbank and multifinance association at the OJK… Read more »

Indonesia stays key SEA market for realty player Crown Group Australia

Crown Group Holdings, one of the largest private property developers in Australia, has reported a record transaction value through the sale of its latest Infinity by Crown Group, which was launched in August. The company said it managed to sell Infinity by Crown Group property products worth AUS$380 million (US$264 million)… Read more »

Indonesia set to unveil stimulus measures to bolster rupiah

Indonesia will announce later on Tuesday the second installment of a stimulus package aimed at supporting the rupiah and reviving growth in Southeast Asia’s largest economy, Chief economics minister Darmin Nasution said. President Joko Widodo, along with his economics team, will unveil the latest measures at the presidential palace in… Read more »

Indonesia Dealbook : Archipelago International to expand into SEA; HK Artyzen expands hotels brand to Asia

Hospitality groups are expanding operations with the Indonesia-based Archipelago International planning to expand across Southeast Asia in collaboration with Worldwide Franchise Associates (WFA) even as the Hong Kong-based Artyzen Hospitality Group expands its ‘Citizen’ hotels brand into Asia. Archipelago brings seven hotel brands to SE Asia market In partnership with WFA, Archipelago International will… Read more »

Indonesia’s Bumi Resources revises debt restructuring plan

Indonesian coal miner PT Bumi Resources Tbk said on Monday it plans to put forward to creditors a revised debt restructuring plan to take into account reduced cash flows as a result of depressed coal prices. The company has total outstanding debts of $3.984 billion owed to creditors including China… Read more »

Indonesia Dealbook: J Trust to raise $27.4m from private placement; Bank Jateng Aims for 2018 IPO, Expansion; Mitra Keluarga split the shares 10:1

Medium lender PT Bank J Trust Indonesia (BCIC) plans to raise Rp400 billion ($27.4 million) in private placement, while the regional government-owned Bank Jateng plans IPO in 2018 with an aim to beef up their capital, the Jakarta Globe reported. Hospital operator PT Mitra Keluarga Karyasehat Tbk (MIKA) is planning… Read more »

Indonesia’s MNC Group units seek $102m from rights issue

Two units of Indonesia conglomerate firm MNC Group, PT MNC Kapital Indonesia Tbk (BCAP) and its unit medium lenders Bank MNC Internasional Tbk (BABP), plan to raise funds from rights issue with total value Rp 1.50 trillion ($102.81 million), the company said, in a press statement. Also Read : Indonesia’s MNC Group,… Read more »

Japan’s Credit Saison, Indonesia’s Modern Internasional set up financing JV

Japan’s financial firm Credit Saison Co Ltd and Indonesia’s PT Modern Internasional Tbk (MDRN) have established a multi-finance company PT Saison Modern Finance (SMF) in the country. Modern International is the operator of 7-Eleven convenience stores in Indonesia. The company said, in a statement released on their website, that the JV aims to… Read more »

Indonesia’s Aplikasinusa Lintasarta launches Owlexa Healthcare

Indonesia’s PT Aplikasinusa Lintasarta, a data communication and internet service provider, owned by the second largest telecom company PT Indosat Tbk (ISAT) has launched digital health service called Owlexa Healthcare. Also Read: Twitter, Indosat launch TwitBuy service for Indonesia President director of Lintasarta Arya Damar said in a statement that during the… Read more »

Indonesia: Kresna subsidiary DAM expands e-cash payment business

Indonesia’s PT Digital Artha Media (DAM), a subsidiary of investment company PT Kresna Graha Investama Tbk (KREN), has entered into agreements with state energy company PT Pertamina, mobile apps e-commerce firm and motorcycle taxi Blue-Jek to expand its services. DAM is e-cash payment provider system, namely Mandiri e-cash, for PT Bank Mandiri Tbk (BMRI). Kresna… Read more »