Sources told Bloomberg that the Blue Bird Group had begun to check investor demand for its planned USD 450 million IPO.
Tags: Indonesia
Exxon to exit 25% stake in Iraq oilfield to PetroChina
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.
Octanex targets mining assets in Philippines and Indonesia in merger
Australia-based gas and oil explorer Octanex said the main reason for its merger with Peak Oil & Gas was the latter's access to exploration projects in the Philippines and in Indonesia.
Exhilway closes USD200 million mines and minerals private equity fund
US-based private equity fund Exhilway Global has closed USD200 million for its mines and minerals private equity fund that will operate in Indonesia, Turkey, and Kazakhstan.
Carousell lands USD800,000 in funding for Southeast Asia expansion
Singapore-based consumer-to-consumer marketplace mobile startup Carousell snagged USD800,000 in seed funding to be used for the development of its app and expansion efforts in Southeast Asia.
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Mirza Adityaswara was appointed as Deputy Director of Bank Indonesia by Indonesian lawmakers. Mirza Adityaswara, a central bank outsider, was chosen by Indonesian lawmakers to become the new Deputy Director of the Bank Indonesia.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.
Technology and startup blog e27 backtracked on its earlier report that the formation of Alliance for Venture Capitals (AVCII) in Indonesia last week was merely a casual lunch date to discuss topics and future policies for the internet startup community.
The PCCI said that Indonesia had invited Filipino investors to invest in Amurang City's infrastructure and transportation sectors.
Indonesia gathered IDR 12 trillion in its most recent bond offering, beating an initial target of IDR 8 trillion.
A military source told Reuters that the US had finally agreed on selling AH-64E Apache combat helicopters to the Indonesian army, and are still in talks to iron out the terms of the deal.
Indonesia's two main state pension funds increased their stock purchases, which helped pare losses for Jakarta's battered share prices.
According to Indonesia's Bureau for Statistics, global demand for the country's assets remained unattractive to foreign investors.
