Japan’s MUFG hopeful of regulator nod to gain control of PT Bank Danamon


A successful transaction could become the biggest acquisition of an Indonesian firm on record.

Indonesia’s Danamon shares rise to 17 year high post MUFG deal

Danamon’s shares rose 16.7 percent in early trade on Wednesday to 7,000 rupiah per share.

Japan’s SMFG keen to up stake in Indonesian bank BTPN to majority

Indonesian laws restrict share ownership in the country’s banks by a single entity to 40%. However, approvals for a majority stake may be granted on a case-by-case basis.

Indonesia: JustCo, Gunung Sewu form co-working space JV

The announcement comes barely two months after JustCo closed a Series B funding from Thailand’s largest property developer, Sansiri. 

TICON forms second JV with local listed firm for expansion in Indonesia

The new company, called PT Surya Internusa Timur (SIT), has an initial registered capital of $15 million.

Indonesia, Freeport to transfer majority ownership in giant Grasberg copper mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Lippo Group’s Ovo enters co-branded partnership with GrabPay in Indonesia

Grab and Ovo have another common link: The Riady family. The Riady family, which owns the Lippo Group, has invested in Grab through Venturra.

Go-Jek acquires three fintech firms as battle for payments heats up

It acquired Kartuku, Midtrans and Mapan marking the largest exit in Indonesia’s nascent startup ecosystem so far.

Thai-Indo JV firm plans to take majority stake in Adib Cold Logistics for $7.8m

PT Samudera JWD Logistics is a JV between Thai listed JWD InfoLogistics and Indonesia’s shipping group PT Samudera Indonesia Tbk.

Indonesia Digest: Grab-Kudo joins hands with PayTren; M-Cash launches partnership program for SMEs

The latest developments in the consumer internet space in Indonesia has seen ride-hailing transportation app Grab and its Indonesian unit Kudo form a strategic partnership with mobile payment and transaction app PayTren to further penetrate the country’s middle-class market segment, while digital solutions provider M Cash Integrasi has launched a partnership program… Read more »