Indonesia’s Pertamina seeks nod to divest assets to shield from risks


Pertamina wants to divest to help maintain its long-term financial condition, and to avoid risking too much in any one particular asset class.

Goldman loses Indonesia court appeal in Hanson share ownership dispute

A Jakarta court ruled in favor of Tjokrosaputro in November 2017, ordering the U.S firm to return shares and pay $22.07 million in compensation.

Indonesia Crunch | Not as simple as Silicon Valley vs China

It’s tempting to think of the Southeast Asian internet market as a battle between “China” and “Silicon Valley” but the front lines are much fuzzier.

Exclusive: Indonesian B2B e-commerce startup Bizzy raises $8m pre-Series B

Bizzy’s backers include Sinar Mas Digital Ventures, Ardent Capital and Maloekoe Ventures.

Indonesia’s Inalum secures $5.2b financing for Freeport deal

This comes a day after Freeport-McMoRan Inc said it would sell a majority stake in the world’s second-biggest copper mine to the Indonesian state-owned miner via a series of complex deals worth $3.85 billion.

M Cash subsidiary NFC Indonesia debuts on IDX, raises $21m

NFC becomes the third Indonesian startup to list on the stock exchange after O2O e-commerce firm Kioson and digital kiosk firm M Cash Integrasi.

Indonesia’s conglomerates continue to shake up the VC landscape

Go-Jek’s $1.5-billion round not only marked the biggest round of funding ever raised by an Indonesian startup but also highlighted the presence of conglomerates as a force to be reckoned with in the venture capital space.

Freeport cedes Grasberg mine to Indonesia in $3.9b deal

State-owned Inalum will pay that amount for a 51% stake, increasing the nation’s holding from just over 9 percent, in a three-way pact that also sees Rio Tinto Group cash out on its economic interest in the mine for $3.5 billion.

US-based Weyland Tech to spin off Indonesia-focused e-wallet business AtozPay

It has given a mandate to PwC to advise it on the spinoff and IPO structure as well as ongoing audit functions for the e-wallet business.

East Ventures, Berjaya back $1.2m round in Indonesian motorcycle platform Moladin

East Ventures last year invested in a similar startup for car sales called Mobilkamu