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Indonesia’s Tokopedia Receives New Funding of US$1.1B from Alibaba, Softbank

JAKARTA (TheInsiderStories) - One of largest marketplace operator in Indonesia, PT Tokopedia received new funding of US$ 1.1 billion from the Japan' Softbank Vision Fund...

Indonesian FinTech Firm’s Akulaku Raises US$70M Led by Chinese Finup

JAKARTA (TheInsiderStories) - Indonesian financial technology (FinTech) startup Akulaku has raised US$70 million Series C round led by Chinese's Finup, joined with Sequoia India, BlueSky Venture...

GSMA REPORT: Assigning Vital Spectrum for Mobile to Boost Indonesia’s Economy

JAKARTA (TheInsiderStories) - Indonesia is poised to become a digital powerhouse in Southeast Asia. However, this can only be fully realised if the country provides mobile...

Moka Raised US$24M Series B Led by Sequoia India

JAKARTA (TheInsiderStories) - Moka, a fast-growing Indonesian cloud-based point-of-sale system, has raised US$24 million Series B round led by Sequoia India. The round included new...

Indonesia’s Telkom Releases MTN US$103M

JAKARTA (TheInsiderStories) - Indonesia’s largest telecommunication and network provider PT Telkom Indonesia Tbk (IDX: TLKM) issued conventional and sharia Medium Term Notes (MTN) with a total value...

Alibaba’s Jack Ma met Indonesian President Joko Widodo

Bogor (TheInsiderStories) - President Joko Widodo received the visit of the founder and Executive Chairman of Chinese Alibaba Group Holding Limited (NYSE: BABA) Jack...

Indonesia’s Astra Raises Capex for Acquisition Plans

JAKARTA (TheInsiderStories) - President Director of PT Astra International Tbk (IDX: ASII) Prijono Sugiharto said this year' capital expenditure (capex) will escalate to around Rp30...

Indonesia’s Telkom to Issue $103M Medium-Term Notes

JAKARTA (TheInsiderStories)--Indonesia's largest telecommunication and network provider PT Telekomunikasi Indonesia Tbk (IDX: TLKM) plans to issue conventional and sharia medium-term notes (MTN) worth of Rp1.5...

Indonesia’s Kredivo Raises Funds US$30M for Expansion in SEA

JAKARTA (TheInsiderStories) - FinAccel, a Southeast Asia-based startup that offers a digital credit card service in Indonesia through Kredivo, has closed a US$30 million...

Moody’s Assigns First-time B2 Rating to Sentul City

JAKARTA (TheInsiderStories)--Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to PT Sentul City Tbk (IDX: BKSL). The outlook on the rating is...

South Korean LS Cable, AG Group Constructs Electric Cable Plant in Indonesia

JAKARTA (TheInsiderStories) - South Korean company LS Cable & System and local conglomeration company Artha Graha Group (AG Group) through its unit PT Artha Metal Sinergi...

Japan’s Tokio Marine Acquires Australian IAG’s Indonesia, Thailand Insurance Firm

JAKARTA (TheInsiderStories) - Japan's Tokio Marine Holdings, Inc. announced that it has entered into a definitive agreement to acquire Indonesia and Thailand insurance businesses of Insurance...

Indonesia’s Fabelio Raises Fresh Funds US$6.5M

JAKARTA (TheInsiderStories) - Fabelio.com, an Indonesian start-ups that produce home furnishings got fresh funds from local investors worth US $ 6.5 million. Based on the company's...

PayPal Joins Indonesia’s Alpha to Invest US$5M in Fintech Funding

JAKARTA (TheInsiderStories) - Indonesia's venture capital firm Alpha JWC Ventures has announced to join with global technology platform and digital payments leader PayPal Holdings, Inc....

Singapore’s Caroussel Raises US$85 M, Seeks Expansion in Indonesia

JAKARTA (TheInsiderStories) - Singapore-based e-commerce company Carousell has announced the closing of an US$85-million Series C funding round led by Rakuten Ventures and EDBI. Carousell...

Indonesia’s Astra Getting More Aggressive This Year

JAKARTA (TheInsiderStories) - Indonesia's conglomeration company PT Astra International Tbk (IDX: ASII) more aggressively to expand their business and seeking various opportunity in the...

Allianz X Invests $35 Million in Ride Hailing Platform GO-JEK

JAKARTA (TheInsiderStories) – Allianz X, the digital investment arm of the Allianz Group, has announced a $35 million investment in Indonesian ridehailing platform GO-JEK,...

Indonesia’s Investree to Receive US$10 Million Series B Funding Round

JAKARTA (TheInsiderStories) - Investree, an Indonesian local startup providing peer-to-peer (P2P0) lending marketplace, will receive US$10 million worth of Series B funding from some local and...

Timah Builds Smelter in Nigeria, Prepares Billion Dollar Funds

JAKARTA (TheInsiderStories) - Indonesia`s state-owned tin company PT Timah Tbk (IDX: TINS) will build a tin smelter in Nigeria as part of the company's expansion and secure...

Morning Briefs – Jan. 11

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: KML Food to List Shares in IDX PT Kelola Mina...

Daily Business Briefs – Dec. 27

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Indofood CBP Buys Asahi shares for US$20 Million PT Indofood...

Timah to Invest Billion Dollars in Nigeria

JAKARTA (TheInsiderStories) - Indonesian publicly listed miner PT Timah Tbk (IDX: TINS) is set to invest billions of dollars in the Nigerian minerals and mining sector,...

Hyundai Motor, Artha Graha Set Up JV in Indonesia

JAKARTA (TheInsiderStories) - South Korean's Hyundai Motor will establish a joint venture (JV) in Indonesiaas a stepping stone in entering the commercial vehicle market in Indonesia...

Joy Wahyudi : Indosat Returns to Core Business

JAKARTA (TheInsiderStories) - PT Indosat Tbk (ISAT), the second-largest telecom player in Indonesia, reported 29 per cent growth in net profit, at Rp1.09 trillion...

ASEAN : Indonesia Seeking to Boost Exports to the Region, Others

JAKARTA (TheInsiderStories) - The Association of South East Asian Nations (ASEAN) is taking center stage for Asia Pacific relations this week: 21 Leaders of the...

Daily Business Briefing – Oct. 27

JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Sirius Minerals Signs Asia Sales Agreement London-based fertilizer...

WB: Billion-Dollar Projects Fuel Spike in Private Sector Infrastructure Investment

Investors Eyeing East Asia and Renewable Energy Singapore: Multi-billion dollar projects are fueling stronger private sector investment in infrastructure projects in developing countries, which increased by...

Has Indonesia Achieved Infrastructure Sufficient for e-Money?

JAKARTA (TheInsiderStories) - Indonesia, with its combined market potential factor and infrastructure availability factor, such as adaptive regulatory and ease of online payments and delivery, will...

Joko Widodo’s Ambition on State Owned Enterprises Holding

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has begun execute a plan to establish a business sector holding state-owned companies during his term, to increase global...
Medco Energi Issued Bonds of US$650M to Finance Ophir’s Acquisition and Pay Debt

Moody’s assigns definitive B2 rating to Medco; outlook stable

Singapore -- Moody's Investors Service has assigned a definitive B2 corporate family rating (CFR) to Medco Energi Internasional Tbk (P.T.) (Medco). At the same time, Moody's has...