Morgan Stanley’s top man in Indonesia to leave post for HSBC


Oki Ramadhana, who heads Morgan Stanley’s Indonesian operations, will be leaving to join HSBC.

Indonesia’s Kimia Farma acquires majority stake in Saudi’s Dawaa Medical for $10m

The deal is part of Kimia Farma’s effort to extend its presence to the Middle East and North Africa

Go-Jek mulls Jakarta IPO but no time frame fixed yet

President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.

Strong appetite among Indonesia’s retail investors for startups: Kioson CEO

Kioson CEO Jasin Halim says he opted for the IPO route after lengthy talks with potential investors who “offered little but wanted lots”.

Indonesia Digest: Kalbe to invest $51m in new plant; Artajasa eyes $3.2m via IPO

Indonesia’s largest pharmaceutical company Kalbe Farma will invest a total of about $51 million to launch its first biological drug factory as it aims to gain higher margins from its products.

Go-Jek said to be eyeing Vietnam as next SE Asian market for foray

Vietnam could be the third market overall for Go-Jek as it holds a stake in Bangladesh’s ride-sharing app Pathao.

Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in PasarPolis

The startup is learnt to be currently valued at $12 million.

Exclusive: Indonesia’s P2P firm UangTeman likely to raise up to $20m Series B

The funds will be used for user acquisition, R&D and potential acquisitions.

Indonesia’s Go-Jek raises over $1.5b as it builds a war-chest to fend off rivals

The $1.5b upwards fundraising round has seen investments from a dozen investors including BlackRock and Google.

Exclusive: Indonesia & SEA-focused East Ventures plans $100m seventh fund

This will mark the largest fund by the VC firm which has been active in the region since 2010.