The Financial Services Authority (OJK) will create micro venture capital (VC) firm with lower the capital requirement in a bid to boost industry and provide more funds for startups across in the country.
PT UPC Sidrap Bayu Energi, a subsidiary of US renewable energy company UPC Group, has signed financing deal with Overseas Private Investment Corporation (OPIC) of US worth $120 million to finance the development of Indonesia’s largest wind farm in South Sulawesi.
This comes close on the heels of the government announcing lifting of foreign investment caps from a wide basket of sectors, including the film industry segments.
Singapore has committed to invest up to $2.1 billion across various sectors – including property, agriculture and plantation sectors – in Indonesia this year, revealed Indonesian Investment Coordinating Board (BKPM)
Singapore miner GEO Energy Resources Ltd entered into a conditional sale
and purchase agreement with Sunrise Wealth Success, an investment holding company incorporated in the British Virgin Islands, to wholly acquire Borneo Bara Resources Pte. Ltd.
Some of the sectors that could see relaxation in foreign investment caps are e-commerce, creative economy, retail, industry, health, public works and housing.
Indonesia Investment Coordinating Board (BKPM) recorded total realization investment in 2015 reached Rp545.4 trillion (US$39.24 billion) or rose 17.8 percent compared to last year Rp463.1 trillion and over than last year target Rp519.5 trillion.
For international VCs, they must also have a local parter that will hold a minimum 15 per cent equity stake in the firm.
State own railway operator PT Kereta Api Indonesia (KAI) is preparing a capital expenditure plan of Rp8 trillion ($579.71 million) to help increase the freight transport business in 2016. According to the chief executive officer (CEO) Edi Sukmoro the fund will help in infrastructure addtion that will boost the total freight… Read more »