By Pramugdha Mamgain
The project is being developed by Vena Energy, formerly Equis Energy, an independent power producer in the Asia Pacific region.
While payments through cryptocurrency is still illegal in Indonesia, Martin says Muslims can use cryptocurrency to invest in projects that are driving real, productive economic activity rather than just investing in pure speculation.
The company will expand to Vietnam, Thailand, Singapore and the Philippines in the next few months.
Indonesian company PT Aryaputra Teguharta (APT) has said it has renewed legal actions to claim its 32.32% shareholding in PT BFI Finance Indonesia Tbk. (BFI).
Carlyle has brought on board former Credit Suisse Group AG’s Indonesia investment-banking head Robby Winarta and ex-TPG Capital Asia Growth vice-president Long Hoang.
Riady points to China where e-commerce still makes up only 20% of the total retail market, prompting Alibaba and Tencent to pursue a ‘new retail’ strategy.
Beauty services marketplace and community HelloBeauty has raised an undisclosed amount of seed funding from Indonesia-based venture capital firm Nest Corp.
At least three companies deferred initial public offering plans last week.
Unlike other countries in the region whose ride-hailing market had been dominated by Grab and Uber, Indonesia boasts another player with a sizeable portion of the market share – Go-Jek.
Robby Winarta, Credit Suisse Group AG’s Indonesia investment-banking head, has resigned and plans to join the private equity firm soon.