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....
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. 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....