The sovereign has sold its largest-ever bond. This should help protect the economy from the coronavirus and finances a significant portion of its stimulus package. However, the structure is unlikely to be utilised globally for political reasons.
FinanceAsia unearths Indonesia’s most exciting and eco-conscious companies to emerge from the country which faces huge environmental problems associated with high-population density and rapid industrialisation.
The Hong Kong-based gaming hardware company plans a global expansion of its payments arm. Lim, who has held executive positions at GIC, MAS and within the Singaporean civil service, could prove a useful ally.
The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.