Showing 1 - 10 of 150
CMAN to Acquire 60% Stake in Indonesian Lime Firm
Published on 14/10/2025
» Expanding its footprint across Southeast Asia, Chememan Public Company Limited (CMAN) has entered into agreements to acquire a 60% equity stake in PT Bukit Bunea (BB), a subsidiary of Indonesia’s PT Citatah Tbk (CTTH). The acquisition, valued at USD 10.5 million (approximately THB 336 million), will be executed through the purchase of newly issued shares under a Conditional Shares Subscription Agreement (CSSA) and a Shareholders’ Agreement (SHA) with CTTH and its founder, Mr Taufik Johannes. The strategic investment remains subject to customary conditions precedent and is expected to be completed by the second quarter of 2026.
Indonesian minister’s sudden exit sparks alarm for global funds
Bloomberg, Published on 09/09/2025
» The sudden removal of Sri Mulyani Indrawati as Indonesia’s finance minister is bound to rattle global investors, who saw her as a voice of fiscal responsibility in an administration pushing for bigger spending.
Prabowo ousts finance chief Indrawati, risking Indonesia turmoil
Bloomberg, Published on 08/09/2025
» Indonesian President Prabowo Subianto removed Finance Minister Sri Mulyani Indrawati from her post, risking renewed financial turmoil for Southeast Asia’s biggest economy following days of violent protests against his administration.
Thaksin among 'dream team' to advise sovereign fund Danantara Indonesia
Reuters, Published on 24/03/2025
» JAKARTA - New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former premier Thaksin Shinawatra.
Prabowo faces investor revolt over Indonesia’s economic path
Bloomberg, Published on 21/03/2025
» For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.
Pet Fair South East Asia: A Global Hub for the Pet Industry
Published on 07/10/2024
» Pet Fair South East Asia has taken the pet industry by storm in recent years, establishing itself as an international meeting hub for pet industry stakeholders from Asia, Europe, the US, and the Middle East. The 2024 edition will take place from October 30 to November 1, featuring 400 exhibitors from 45 countries and an estimated 15,000 trade visitors from 75 countries. Free Visitor registration is now open on www.petfair-sea.com
Indonesia launches 'Golden Visa' to lure foreign investors
Reuters, Published on 25/07/2024
» JAKARTA - Indonesia launched a long-term visa scheme on Thursday intended to attract foreign investors, President Joko Widodo said, with amounts of up to US$10 million giving them a 10-year visa and access to Southeast Asia's largest economy.
President-elect considers scrapping Indonesia’s deficit cap
Bloomberg News, Published on 09/07/2024
» Indonesian president-elect Prabowo Subianto is said to be considering removing legal limits on the country’s budget deficit as the incoming administration looks for wider leeway to spend, according to a report by the local news outlet Tempo.
Indonesia minister says Musk to consider offer to build EV battery plant in country
Reuters, Published on 20/05/2024
» DENPASAR: Indoonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday.
Indonesia may offer dual citizenship to attract overseas workers
Reuters, Published on 30/04/2024
» JAKARTA: Indonesia may offer dual citizenship to people of Indonesian descent to entice more skilled workers into the country, a senior cabinet minister said on Tuesday.