Recent Articles

Policy Issue to Watch

The Government of Indonesia not long ago enacted the regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018. The regulation confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80%.

Business

Policy Issue to Watch

The Government of Indonesia not long ago enacted the regulation on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018. The regulation confirms a maximum threshold for foreign ownership of an Indonesian insurance company of 80%.

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Fabelio Raises Fresh Funds $6.5 Million

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 official release on Tuesday (May 22), Fabelio.com plans to expand outside of...

Pelni Hospital Eyes $71 Million from IPO

PT Pelni Hospital, a subsidiary stated-owned cruise operator of PT Pelayaran Nasional Indonesia (PELNI), plans to raise fresh funds of Rp1 trillion (US$70.92 million) through the initial public offering (IPO) on the Indonesia...

Fitch Warns on Rupiah’s Fall

International credit rating agency Fitch Ratings said that the recent depreciation of the rupiah may add pressure to developers in Indonesia which have a large portion of loans denominated in US dollar and already face slowing...

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Profiles

Samin Tan & His Borneo Lumbung

Creditors, the government, and suppliers, struggled to get payments from Borneo Lumbung Energi and Metal (BORN) for many years, but Samin Tan, the controlling shareholder, has shown that he was still a rich person.

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