People
Both startups follow a B2B model.
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Policy & Regulations
GoTo has not been accused of any wrongdoing.
Analysis
Chandra Asri Pacific will be one of the projects funded from the initial drawdown.
Private Equity
The JBIC pact is part of Danantara’s broader strategy to collaborate with global SWFs and investors.
“This move is seen as a long-term strategy to reduce reliance on the tobacco business.”
Deals
SMDV and East Ventures acquired additional shares in SIRCLO.
The IPO was oversubscribed by over 500 times.
Sirsak plans to achieve 4,000 tonnes of waste recovery in the coming months.
“Raising fares won’t fix the problem if most of the earnings are taken by platforms.”
Tariff rates remain unchanged at 32% for Indonesia and 36% for Thailand, effective August 1.
