ADB to extend $40m project finance support to Vena Energy’s solar PV plant in Indonesia

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The project is being developed by Vena Energy, formerly Equis Energy, an independent power producer in the Asia Pacific region.

Regulatory sandbox will spur innovation in Indonesia’s crypto space: Blossom Finance CEO

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.


Go-Jek to invest $500m in expansion to four Southeast Asian countries

The company will expand to Vietnam, Thailand, Singapore and the Philippines in the next few months.


Indonesian firm renews legal action to halt share sale by TPG, Northstar

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 makes two senior hires to further expand in Southeast Asia

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.


Need to think omnichannel in Indonesia, not just e-commerce: Lippo’s Riady

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.


Indonesia Dealbook: HelloBeauty raises seed funding, Ruangguru gets grant

Beauty services marketplace and community HelloBeauty has raised an undisclosed amount of seed funding from Indonesia-based venture capital firm Nest Corp.


Indonesian stock market selloff turns spoiler for local listings

At least three companies deferred initial public offering plans last week.


We still need to win over Uber customers, says Grab Indonesia’s Kramadibrata

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.


Carlyle said to hire Credit Suisse’s top Indonesia dealmaker

Robby Winarta, Credit Suisse Group AG’s Indonesia investment-banking head, has resigned and plans to join the private equity firm soon.