More debt restructuring deals likely in 2018 in Indonesia’s natural resource space: Withers KhattarWong


Law firm Withers KhattarWong expects a surge in debt restructuring deals in the natural resources sector, thanks to an upswing in commodity prices.

IIX Growth Fund backs Green Enterprises Indonesia in first investment

GEI is a producer of high-quality organic cold-pressed virgin coconut oil and coconut products on Simeulue Island.

Indonesia’s GMF AeroAsia shortlists Airfrance-KLM unit as strategic investor

GMF AeroAsia expects to raise $200 million from selling a 20% stake to a strategic buyer.

Exclusive: Impact investor Patamar makes first investment from women-focused fund in SayurBox

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 Digest: State bank BNI, port operator Pelindo IV to issue bonds

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 »

Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round

Existing investors KKR & Co LP and Warburg Pincus LLC are also participating in the funding round.

Japan’s Money Forward makes first overseas investment in Indonesian startup Sleekr

Sleekr is among the five companies that received between $2 million and $3 million from Money Forward.

Indonesia’s central bank issues fresh warning over cryptocurrencies

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 lays foundation for transfer of Grasberg copper mine to local control

Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.

IFC likely to extend $100m debt to Indonesia’s snack producer Nabati

The estimated investment required for Nabati’s project expansion is $133 million.