App-based motorcycle taxis not public transportation, Indonesian top court rules


The ruling was made in response to a petition filed by Grab and Go-Jek motorcycle taxi drivers who seek to be treated as employees by these ride-hailing companies.

Lippo subsidiary inks JV with Changjiang Shipping to operate Shanghai hospital

Lippo-China Merchants will hold 51 per cent in the new joint venture while China Changjiang will hold the remainder.

Indonesia expects to close $4b Grasberg mine deal this week

The deal will pave the way for state-owned Inalum to control 51% of Freeport Indonesia that controls Grasberg, the world’s No. 2 copper mine.

Indonesia stock exchange new CEO targets 25-30 new listings in 2019

Inarno Djayadi, who was confirmed as CEO at an IDX shareholders’ meeting on Friday, told a press conference he wanted the exchange to reach 40 new company listings by 2020.

Indonesia’s unicorns said to invest up to $8m in insurtech startup Pasarpolis

Indonesia’s low insurance penetration rates render the market extremely attractive.

Indonesia’s Go-Jek in talks to raise $1.5b in fresh funding: Report

Rival Grab recently secured $1 billion in funding from Toyota, the lead investor in its ongoing funding round.

People Digest: Bukalapak names Rasyid as president; IDX gets new head; Ropes & Gray hires HK counsel

Rasyid will be responsible for the Jakarta-based startup’s long-term and strategic initiatives.

Indonesia’s Lippo Group injects $44m in Chinese internet giant Tencent

Lippo’s investment in Tencent is purely financial in nature, rather than a strategic move, given the quantum of investment. 

Asia Digest: JLL, Lendlease launch accelerator; EV Hive rebrands to COCOWORK

JLL and Lendlease have jointly launched regional proptech accelerator Propell Asia in Singapore

Alibaba said to be likely suitor for Indonesian fintech startup Cermati

The startup’s valuation in a recently annulled Series B round was believed to be $25-30 million.