iCollege Expands Footprint in Indonesia

Indonesia will be the 15th largest economy in the world this year, according to a recent World Bank report. With the current nominal GDP of above US$1 trillion, Indonesia may overtake Australia as the world’s 14th in five years time. Anticipating this, ASX-listed iCollege Ltd, through the proposed acquisition of Manthano, and its partner CECT of Trisakti, one of the largest private universities in Indonesia, decided to expand footprint in Indonesia.

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