Fransiska Nangoy
Stories by Fransiska Nangoy
Indonesia plans IPOs for state energy firm Pertamina’s two units next year
The upstream unit is expected to sell 10-15% stake in the IPO.
Indonesia, UK sign initial agreement for partnership on MRT project
The UK Export Finance has expressed interest in providing up to $1.25b for the project.
Binance CEO calls for stable, clear regulations for crypto industry
It has stopped accepting deposits of FTX's FTT token on its platform.
Indonesia’s Adaro signs MoU with Hyundai for aluminium supply
The MoU was signed on the sidelines of the G20 summit in Bali, Indonesia.
Indonesian miner Bumi Resources to sell stake worth $1.6b to Salim-backed firms
Bumi will use the stake sale proceeds to repay debt.
Indonesia passes major tax overhaul bill, VAT to rise next year
Analysts have questioned the timing of planned tax hikes with the economic recovery seen as still fragile.
Indonesia’s state-controlled lender BRI raises $6.73b in rights issue
The rights issue is the biggest transaction of this type in Southeast Asia.
Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO
Bukalapak aims to sell 10-15% stake in the company at a valuation of $4-5 billion.
Bank Rakyat Indonesia seeks to sell 23.25% stake in rights issue
BRI will hold a shareholder meeting on July 22 to seek approval for the transaction.
Indonesia lifts some foreign investment restrictions to boost COVID-hit economy
Tax breaks to be given on investments in coal gasification, smelting etc.
