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.
As more than $28 billion in start-up investment is expected to be lost due in 2020, Indonesian entrepreneurs and investors are getting on the front foot to tackle to pandemic.
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 Riadys are rebuilding Lippo Karawaci and selling assets. The tight-knit dynasty might just pull-off one of the most remarkable corporate turnarounds in Asia.
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.
One of the region's most liquid but conservative markets is showing signs of moving down the credit curve again, although borrowers are still advised to adopt a step-by-step approach to issuance.