By Aastha Maheshwari
The investment by Patamar, estimated to be in the region of $200,000-300,000, was made through its women SME-focused impact investment fund launched last year in collaboration with the Australian government’s Investing in Women initiative.
Indonesia’s state-owned bank BNI and port operator Pelindo IV are seeking to finance expansion projects by issuing multi-million-dollar bonds, according to news agency Antara. Bank Negara Indonesia to release $150m bonds Indonesian state-owned bank Bank Negara Indonesia (BNI) said it will release convertible bonds worth Rp2 trillion ($150 million) in… Read more »
Existing investors KKR & Co LP and Warburg Pincus LLC are also participating in the funding round.
Sleekr is among the five companies that received between $2 million and $3 million from Money Forward.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.
The estimated investment required for Nabati’s project expansion is $133 million.
The companies are already computing the funds they expect to collect from the issuance.
RedDoorz has appointed Bhanu Chopra as an independent director and Philip Wolf as a board advisor.
Surya Citra Media, Edwin Soeryadjaya, PT Sukses Perdana Mandiri, and PT Sinar Ganda Jaya are among the strategic investors investing in the issue