7/3/2018 – Philippine-listed water and wastewater services provider Manila Water Company Inc. is acquiring a 20 percent stake in Indonesian bulk water supplier PT Sarana Tirta Ungaran (STU). Manila Water said the total cost of acquisition was IDR 10 billion or close to PHP 40 million (about US$726k), which the company plans to finance through … Read more
9/2/2018 – Etobee, a logistics solutions provider based in Jakarta has completed the bridge round of its Series A funding round up to US$3.5 million. Etobee Holdings Group CEO Sven Milder confirmed the latest funding, but did not disclosed the name of participating investors and other details of the transaction. The Indonesian firm’s last publicly … Read more
Alor Setar (Malaysia) : The Indian women’s team went down to Indonesia 1-3 for its second loss in the Badminton Asia Team Championships here today. Just like in the loss against Japan yesterday, PV Sindhu was the only one to win her match. She beat Fitriani Fitriani 21-13, 24-22 in the first singles. It was all … Read more
Indonesian state-owned telecom firm, Telekomunikasi Indonesia has recently announced its majority stake acquisition in Malaysian satellite operator TS Global Network (TSGN) for MYR 108.5 million (about US$26 million). The deal sees 70 percent of the stake being traded and carried out by Telkom Indonesia’s subsidiary Telekomunikasi Indonesia International (Telin) and will be subjected to the … Read more
IMC Group is planning to list two of its Indonesian operations – Pelita Samudera Shipping (PSS Logistics) and Nusa Indah Kalimantan Plantations – on the regional bourse within the next two years. PSS Logistics has already started the process for its initial public offering (IPO) and aims to list on the Indonesia Stock Exchange (IDX) … Read more
