Indonesia Dealbook: Pertamina mulls IPO of 3 units; Bank Sinarmas to sell 7.8% via rights issue

Photo by Pertamina

By Vincencia NLS

January 22, 2016

It is raining IPO news in Indonesia even as the country is expecting at least 35 companies to make the market debut in 2016. The country saw barely 20 companies raising about $1 billion through their offerings in 2015. State-owned energy company PT Pertamina  is planning a share sale of three of its subsidiaries while PT Bank Sinarmas Tbk (BSIM), a small-sized lender of conglomerate Sinar Mas Group, plans to sell 7.8 per cent of its enlarged capital in May to support its loan expansion.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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