More debt restructuring deals likely in 2018 in Indonesia’s natural resource space: Withers KhattarWong
By Tanu Pandey
Law firm Withers KhattarWong expects a surge in debt restructuring deals in the natural resources sector, thanks to an upswing in commodity prices.
GEI is a producer of high-quality organic cold-pressed virgin coconut oil and coconut products on Simeulue Island.
GMF AeroAsia expects to raise $200 million from selling a 20% stake to a strategic buyer.
The investment by Patamar, estimated to be in the region of $200,000-300,000, was made through its women SME-focused impact investment fund launched last year in collaboration with the Australian government’s Investing in Women initiative.
Indonesia’s state-owned bank BNI and port operator Pelindo IV are seeking to finance expansion projects by issuing multi-million-dollar bonds, according to news agency Antara. Bank Negara Indonesia to release $150m bonds Indonesian state-owned bank Bank Negara Indonesia (BNI) said it will release convertible bonds worth Rp2 trillion ($150 million) in… Read more »
Existing investors KKR & Co LP and Warburg Pincus LLC are also participating in the funding round.
Sleekr is among the five companies that received between $2 million and $3 million from Money Forward.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.
The estimated investment required for Nabati’s project expansion is $133 million.