Companies in South-east Asia raised a record US$4.9 billion through initial public offerings (IPOs) in the first six months of this year, according to Bloomberg's equity capital markets data.
With a further US$4.1 billion raised through additional and rights offerings, the total amount raised by these newly listed firms via...
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia.
Officials from the two held a virtual...
The growth rates of the sharia economy in 2020 and early 2021 have been better than those of the national economy, Bank Indonesia (BI) has said.
"In 2020, the growth of the sharia leading sector contracted by minus 1.72 percent, while the national growth, minus 2.07 percent," deputy governor of Bank Indonesia,...
Indonesia's central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday.
Southeast Asia's largest economy has been battling the region's worst COVID-19 epidemic, with cases and...
Online marketplace Bukalapak aims to raise as much as 21.9 trillion Indonesian rupiah ($1.5 billion) in an initial public offering, the first of Indonesia’s tech unicorns to tap the country’s stock market.
Bukalapak plans to offer about 19.3 billion shares at 750 to 850 rupiah apiece, raising about $1.1 billion,...
COVID-19 has battered Indonesian flag carrier Garuda’s revenue and sent earnings plunging, causing trading of the airline’s shares to be halted recently after a bond default. CEO Irfan Setiaputra claimed the airline’s total debt was Rp 70 trillion (US$4.9 billion). This led to a meeting with the Ministry of...
Indonesian business groups on Thursday urged authorities to ensure there is enough financial support for companies, warning that otherwise new restrictions to tackle a surge in COVID-19 cases could result in layoffs and bankruptcies.
The “emergency” curbs, which come into effect between July 3 to 20, will shut shopping malls,...
Indonesia is close to finalizing a sweeping revamp of listing rules, paving the way for South-east Asian start-up giants from Bukalapak.com to ride-hailing leader GoTo to go public from August.
The authorities are finalizing details of new regulations that will allow firms to go public with multiple classes of shares...
Indonesia plans to increase its value-added tax rate to 12%, from 10%, and begin imposing the levy on some essential goods and services as part of a wider tax overhaul.
The 12% VAT will be a general tariff covering most goods and services, Finance Minister Sri Mulyani Indrawati said on...
Indonesia, home to one of the world's largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.
The government is consulting with parties including the central bank and the mining industry, with a plan to start operating the bank in 2024, Trade...
Kredivo, an Indonesia-based buy now, pay later (BNPL) service, announced it has received a second US$100 million debt facility from US-based private credit firm Victory Park Capital, which will be disbursed to its users in Indonesia. It received the same amount of debt from the investor in November last year.
The total...
The public listings for two of Southeast Asia’s tech giants will likely pave the way for more high-growth businesses to emerge from the region, said venture capital firm 500 Startups.
Contrary to concerns that regional heavyweights may “gobble up” smaller start-ups and stymie innovation, Vishal Harnal told CNBC that “couldn’t be...
