By Ardi Wirdana
Online budget hotel booking chain Reddoorz opens 20 new properties in Surabaya as part of its $10 million expansion plan in Indonesia
Toll road operator CMNP plans to raise funds from asset-backed securities in the first quarter of this year to fund its projects until 2019.
Ride Jakarta will utilize the investment to expand its physical fitness studio network and roll out digital fitness content for offsite users.
Kalbe, which gets about a third of its revenue from distribution and logistics, is open to roping in an equity partner for the unit, a top executive said.
Under the agreement, Telkom will invest in Cellum in two tranches for a 30.4 percent stake. The Southeast Asian telecommunications giant will also facilitate the penetration of Cellum’s services in Indonesia, the region’s largest economy. Financial details of the deal have not been disclosed.
Indonesia is one of Southeast Asia’s biggest fuel importers.
The emergence of these peer-to-peer (P2P) lending platforms has so far been welcomed by Indonesia’s financial regulators.
The Japanese lender’s CEO said last month the company is keen to raise its stake to a majority in BTPN if Indonesian authorities permit.
Indonesia has been the battleground for ride-hailing companies because of the country’s population potential.
The sale of new shares would be part of its stake sale to a strategic investor, where it planned to sell a 20% stake.