Indonesia: Telkom to acquire stakes in three firms, readies $369m for potential deals

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Telkom has repeatedly said that it wants to grow in the digital space through collaboration or acquisition

Indonesia’s Skystar Capital to raise third fund in 2018, to target late-stage funding

Skystar managing partner Abraham Hidayat said, the fund would “have a more equal split between early and later-stage funding”


Indonesia: Trading of Kioson shares suspended for second time this week

IDX said the decision was taken due to a significant cumulative price hike.


Indonesia: Crowdfunding startup Danadidik raises seed round from impact fund

DanaDidik was one of the nine startups that recently graduated from Plug n Play Indonesia’s acceleration program.


Indonesia: Rimau gets shareholders’ nod to raise $252m to buy AirAsia unit

Rimau will sell 13.64 billion new shares and PT Fersindo Nusantara and AirAsia Investment Ltd – the current owner of Indonesia Airasia – are acting as standby buyers.


Indonesia: Fintech startup Bareksa to raise funds, in talks with Chinese strategic investors

The startup had recently raised an undisclosed sum from Gemilang Dana Sentosa.


Indonesia’s Jokowi roots for private investment as Freeport dispute lingers

President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist.


Indonesia: Minna Padi Securities to acquire 51% of Bank Muamalat for $333m

Minna Padi plans to fund the buyout through its own rights offering.


Indonesia on track to be trillion-dollar economy in bittersweet triumph

On some key measures, the region’s biggest economy is falling behind.