Sarimelati Kencana, also known as Pizza Hut Indonesia, has listed around 604 million new shares from Initial Public Offering (IPO) on the Indonesia Stock Exchange on Wednesday (05/23). The company’s stock code is PZZA. The company’s public offering was conducted on May 17-18, 2018, and the allotment period on May 21, 2018. With the offering....
In order to comply Otoritas Jasa Keuangan’s terms & condition as a public listed company, on Thursday 28th June 2018, PT. Kirana Megatara Tbk conduct the annual general meeting of shareholders & the extraordinary general meeting of shareholders and public expose at Company Head Office – The East 21st Floor. The event that lead by....
Government-owned Korea Development Bank (KDB) is seeking M&A with Indonesian financial firms to expand its presence in Southeast Asia, according to an industry source. The development bank is reportedly interested in an Indonesian financial firm offering various financial services, including leasing, consumer financing and credit card financing, with Deloitte Korea as its agent. The source....
JAKARTA – Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan stated that SoftBank, a Japanese technology company, is ready to invest in a number of new startups in Indonesia. One of them is a startup in the field of fisheries, Aruna. According to Luhut, he had discussed it with SoftBank CEO Masayoshi Son when they....
Oversea-Chinese Banking Corp. is weighing a bid for Standard Chartered Plc’s Indonesian bank, people with knowledge of the matter said, a move that may create the country’s fifth-largest lender. The Singaporean bank is considering an offer for almost 90% of PT Bank Permata, which has a market value of about $1.9 billion, said the people, asking not....
JAKARTA. The management of PT Bank Central Asia Tbk (BBCA) confirmed that they are still looking for one more bank to merge with Bank Royal, which was previously acquired. According to the bank’s Business Plan (RBB), BCA plans to acquire two banks. So far, they have only acquired one bank, PT Bank Royal Indonesia. BCA....
The East Ventures capital company announced on Thursday it had raised US$75 million, double the initial target of $30 million, to accelerate its investments in startups from Japan and Southeast Asia, particularly Indonesia, where most of the company’s managing partners were born. The venture capital (VC) company’s investors include several big names from the tech....
Amazon.com is in early talks with Gojek to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday (Aug 28). Details of the stake were not known and the source did not want to be identified as the talks are private. Both Amazon and Gojek did not respond....
JAKARTA – The Indonesian government through the Ministry of Transportation is offering the Singkawang Airport development project in West Kalimantan in a public-private-partnership (PPP) scheme with and investment value of Rp. 4.3 trillion. According to the ministry’s data, the investment value consists of Rp. 1.7 trillion in capital expenditure and Rp. 2.7 trillion in operational....
Jakarta. A number of moden retailers from Indonesia who are engaged in the minimarket and convenience store sectors, are increasingly interested in developing their business in Vietnam. Nicholas Mandey, Chair of the Indonesian Retail Business Association (Aprindo), said that the expansion needs support from the Indonesian government through relaxation of regulations. “The expansion to Vietnam....